FlexPoint
We analyzed every closed loan from FlexPoint — 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Multi-Region · 20 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 loans
Things to Think About
- Rates typically 69 basis points above market average
- Higher than average fees ($4,371)
Explore another lender or local market
Report Card
FlexPoint performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+68.5 bps above market avg
1/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
727 loans · 0.79% above market
Strong
Top 40% of lenders
4/5
FHA
389 loans · 0.59% above market
Strong
Top 40% of lenders
4/5
VA
29 loans · 0.09% below market
Strong
Top 40% of lenders
4/5
Jumbo
77 loans · 0.80% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
1,022 loans · 0.70% above market
Strong
Top 40% of lenders
4/5
Refinance
200 loans · 0.63% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 21 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 | 727 | 59.5% | +0.786%Above | $4,973Fees | ||||
FHA Loans | 389 | 31.8% | +0.590%Above | $3,747Fees | ||||
VA Loans | — | 29 | 2.4% | -0.094%Below | $3,331Fees | |||
Jumbo Loans | — | 77 | 6.3% | +0.799%Above | $2,102Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume727
Mix59.5%
Spread
+0.786%Above
Fees
$4,973Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume389
Mix31.8%
Spread
+0.590%Above
Fees
$3,747Fees
VA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume29
Mix2.4%
Spread
-0.094%Below
Fees
$3,331Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume77
Mix6.3%
Spread
+0.799%Above
Fees
$2,102Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,022 | 83.6% | +0.697%Above | $4,394Fees | ||||
Refinance | 200 | 16.4% | +0.627%Above | $4,255Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume1,022
Mix83.6%
Spread
+0.697%Above
Fees
$4,394Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume200
Mix16.4%
Spread
+0.627%Above
Fees
$4,255Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,222
Applications
2,336
Volume
$678 million
Pricing & Closing
Avg Rate Spread
+0.685%
vs. market APOR
Avg Net Fees
$4,371
Origination − Credits
Pullthrough Rate
52.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$555,106
Avg Borrower Income
$239,164
Avg Property Value
$716,414
Geographic Coverage
Geographic Performance
Metro Areas
20
markets with activity
States Served
17
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
17Full-year 2024 · HMDALoans originated
< 1010–2020–100100+None
Northeast2
NJPA
South8
FLGALAMDNCTNTXVA
West7
AZCACONMNVORWA
Top Metro Areas by Place Specialization Score
Showing 10 of 20 metro areas
Top States by Place Specialization Score
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.