Commerce Home Mortgage
We analyzed every closed loan from Commerce Home Mortgage — 3.4k loans across 6k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 56 basis points above market average
Explore another lender or local market
Report Card
Commerce Home Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+56.2 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
2,033 loans · 0.56% above market
Exceptional
Top 20% of lenders
5/5
FHA
811 loans · 0.63% above market
Exceptional
Top 20% of lenders
5/5
VA
178 loans · 0.08% below market
Strong
Top 40% of lenders
4/5
Jumbo
364 loans · 0.96% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
2,733 loans · 0.56% above market
Exceptional
Top 20% of lenders
5/5
Refinance
660 loans · 0.59% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,033 | 59.9% | +0.559%Above | $3,209Fees | ||||
FHA Loans | 811 | 23.9% | +0.625%Above | $3,995Fees | ||||
VA Loans | 178 | 5.2% | -0.076%Below | $3,262Fees | ||||
Jumbo Loans | 364 | 10.7% | +0.960%Above | $2,642Fees |
Conventional
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume2,033
Mix59.9%
Spread
+0.559%Above
Fees
$3,209Fees
FHA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume811
Mix23.9%
Spread
+0.625%Above
Fees
$3,995Fees
VA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume178
Mix5.2%
Spread
-0.076%Below
Fees
$3,262Fees
Jumbo Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughSound
Volume364
Mix10.7%
Spread
+0.960%Above
Fees
$2,642Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,733 | 80.5% | +0.557%Above | $3,550Fees | ||||
Refinance | 660 | 19.5% | +0.590%Above | $2,750Fees |
Purchase
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume2,733
Mix80.5%
Spread
+0.557%Above
Fees
$3,550Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume660
Mix19.5%
Spread
+0.590%Above
Fees
$2,750Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,393
Applications
5,649
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.562%
vs. market APOR
Avg Net Fees
$3,424
Origination − Credits
Pullthrough Rate
60.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$548,366
Avg Borrower Income
$285,193
Avg Property Value
$783,550
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
43
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
43Full-year 2024 · HMDALoans originated
< 1010–2020–5050–100100+None
Northeast4
CTNHNJPA
Midwest10
IAILINKSMIMNNDOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West12
AZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 22 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.