We analyzed every closed loan from Envoy Mortgage — 3.5k 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
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Envoy Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+44.0 bps above market avg
2/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
2,168 loans · 0.43% above market
Strong
Top 40% of lenders
4/5
FHA
866 loans · 0.77% above market
Exceptional
Top 20% of lenders
5/5
VA
435 loans · 0.08% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
46 loans · 0.34% above market
Strong
Top 40% of lenders
4/5
USDA
20 loans · 0.79% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
3,332 loans · 0.45% above market
Exceptional
Top 20% of lenders
5/5
Refinance
203 loans · 0.35% 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 | 2,168 | 61.3% | +0.428%Above | $3,172Fees | ||||
FHA Loans | 866 | 24.5% | +0.769%Above | $3,872Fees | ||||
VA Loans | 435 | 12.3% | -0.084%Below | $2,795Fees | ||||
Jumbo Loans | 46 | 1.3% | +0.341%Above | $2,930Fees | ||||
USDA Loans | — | 20 | 0.6% | +0.785%Above | $2,607Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume2,168
Mix61.3%
Spread
+0.428%Above
Fees
$3,172Fees
FHA Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume866
Mix24.5%
Spread
+0.769%Above
Fees
$3,872Fees
VA Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume435
Mix12.3%
Spread
-0.084%Below
Fees
$2,795Fees
Jumbo Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume46
Mix1.3%
Spread
+0.341%Above
Fees
$2,930Fees
USDA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume20
Mix0.6%
Spread
+0.785%Above
Fees
$2,607Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,332 | 94.3% | +0.447%Above | $3,276Fees | ||||
Refinance | 203 | 5.7% | +0.352%Above | $3,075Fees |
Purchase
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume3,332
Mix94.3%
Spread
+0.447%Above
Fees
$3,276Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughAcceptable
Volume203
Mix5.7%
Spread
+0.352%Above
Fees
$3,075Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,535
Applications
6,332
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.440%
vs. market APOR
Avg Net Fees
$3,262
Origination − Credits
Pullthrough Rate
55.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$371,150
Avg Borrower Income
$137,975
Avg Property Value
$462,662
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
< 2020–5050–100100+None
Northeast7
CTMEMANHNJPARI
Midwest10
IAILINKSMIMNMONDOHWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West9
AKAZCACOIDMTNMORWA
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 39 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.