We analyzed every closed loan from Milend — 1.4k loans across 5k 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
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Multi-Region · 28 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
- Higher than average fees ($5,077)
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
Milend performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+47.5 bps above market avg
1/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
331 loans · 0.38% above market
Sound
Top 60% of lenders
3/5
FHA
890 loans · 0.56% above market
Strong
Top 40% of lenders
4/5
VA
176 loans · 0.15% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
128 loans · 0.40% above market
Acceptable
Bottom 40% of lenders
2/5
Refinance
1,272 loans · 0.50% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 29 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 | 331 | 23.6% | +0.382%Above | $4,372Fees | ||||
FHA Loans | 890 | 63.6% | +0.563%Above | $5,229Fees | ||||
VA Loans | 176 | 12.6% | +0.146%Above | $6,701Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughAcceptable
Volume331
Mix23.6%
Spread
+0.382%Above
Fees
$4,372Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume890
Mix63.6%
Spread
+0.563%Above
Fees
$5,229Fees
VA Loans
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughSound
Volume176
Mix12.6%
Spread
+0.146%Above
Fees
$6,701Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 128 | 9.1% | +0.396%Above | $3,952Fees | ||||
Refinance | 1,272 | 90.9% | +0.501%Above | $5,444Fees |
Purchase
OverallAcceptable
ProductAcceptable
PricingAcceptable
Pull ThroughAcceptable
Volume128
Mix9.1%
Spread
+0.396%Above
Fees
$3,952Fees
Refinance
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughAcceptable
Volume1,272
Mix90.9%
Spread
+0.501%Above
Fees
$5,444Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,400
Applications
4,720
Volume
$383 million
Pricing & Closing
Avg Rate Spread
+0.475%
vs. market APOR
Avg Net Fees
$5,077
Origination − Credits
Pullthrough Rate
29.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$273,814
Avg Borrower Income
$99,386
Avg Property Value
$371,779
Geographic Coverage
Geographic Performance
Metro Areas
28
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
14Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast2
MAPA
Midwest4
INMIMNOH
South8
ALFLGAMDNCSCTNVA
Top Metro Areas by Place Specialization Score
Showing 10 of 28 metro areas
Top States by Place Specialization Score
Showing 10 of 14 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.
Looking for a different lender?
Are you the owner of Milend?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
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.