Legend Lending Corporation
We analyzed every closed loan from Legend Lending Corporation — 880 loans across 1k 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
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Multi-Region · 8 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Particularly strong in FHA and VA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Legend Lending Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+40.5 bps above market avg
2/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
554 loans · 0.37% above market
Sound
Top 60% of lenders
3/5
FHA
239 loans · 0.93% above market
Strong
Top 40% of lenders
4/5
VA
81 loans · 0.00% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
790 loans · 0.42% above market
Strong
Top 40% of lenders
4/5
Refinance
90 loans · 0.26% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 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 | 554 | 63.0% | +0.367%Above | $2,598Fees | ||||
FHA Loans | — | 239 | 27.2% | +0.927%Above | $3,360Fees | |||
VA Loans | — | 81 | 9.2% | +0.002%Above | $1,756Fees |
Conventional
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume554
Mix63.0%
Spread
+0.367%Above
Fees
$2,598Fees
FHA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume239
Mix27.2%
Spread
+0.927%Above
Fees
$3,360Fees
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume81
Mix9.2%
Spread
+0.002%Above
Fees
$1,756Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 790 | 89.8% | +0.421%Above | $2,664Fees | ||||
Refinance | — | 90 | 10.2% | +0.259%Above | $2,260Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume790
Mix89.8%
Spread
+0.421%Above
Fees
$2,664Fees
Refinance
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume90
Mix10.2%
Spread
+0.259%Above
Fees
$2,260Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
880
Applications
1,249
Volume
$311 million
Pricing & Closing
Avg Rate Spread
+0.405%
vs. market APOR
Avg Net Fees
$2,623
Origination − Credits
Pullthrough Rate
70.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$353,659
Avg Borrower Income
$159,492
Avg Property Value
$446,432
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
19
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
19Full-year 2024 · HMDALoans originated
< 1010–5050–100100+None
Northeast2
NJPA
Midwest3
ILMIND
South11
ALFLGALAMDNCOKSCTNTXVA
West3
CAIDNM
Top Metro Areas by Place Specialization Score
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.