Mortgage Research Center
Mortgage Research Center's 60.6k closed loans and 120k applications, benchmarked 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 · USDA
Place
Exceptional
5/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 54 basis points above market average
Explore another lender or local market
Report Card
Mortgage Research Center performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+54.0 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
2,886 loans · 0.54% above market
Strong
Top 40% of lenders
4/5
FHA
2,002 loans
Exceptional
Top 20% of lenders
5/5
VA
55,571 loans
Exceptional
Top 5% of lenders
5/5
USDA
129 loans
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
58,008 loans · 0.55% above market
Exceptional
Top 5% of lenders
5/5
Refinance
2,580 loans · 0.47% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Exceptional
Top 20% of lenders
5/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,886 | 4.8% | +0.540%Above | $1,956Fees | ||||
FHA Loans | — | 2,002 | 3.3% | — | — | |||
VA Loans | — | 55,571 | 91.7% | — | — | |||
USDA Loans | — | 129 | 0.2% | — | — |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume2,886
Mix4.8%
Spread
+0.540%Above
Fees
$1,956Fees
FHA Loans
OverallStrong
ProductExceptional
Pricing—
Pull ThroughSound
Volume2,002
Mix3.3%
Spread—
Fees—
VA Loans
OverallExceptional
ProductExceptional
Pricing—
Pull ThroughStrong
Volume55,571
Mix91.7%
Spread—
Fees—
USDA Loans
OverallStrong
ProductExceptional
Pricing—
Pull ThroughSound
Volume129
Mix0.2%
Spread—
Fees—
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 58,008 | 95.7% | +0.549%Above | $1,925Fees | ||||
Refinance | 2,580 | 4.3% | +0.468%Above | $2,195Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume58,008
Mix95.7%
Spread
+0.549%Above
Fees
$1,925Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughAcceptable
Volume2,580
Mix4.3%
Spread
+0.468%Above
Fees
$2,195Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
60,588
Applications
120,116
Volume
$19 billion
Pricing & Closing
Avg Rate Spread
+0.540%
vs. market APOR
Avg Net Fees
$1,956
Origination − Credits
Pullthrough Rate
50.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$316,874
Avg Borrower Income
$107,147
Avg Property Value
$337,094
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Exceptional
5/5
States with Loan Originations
51Full-year 2024 · HMDANationwide · all 50 states and DCLoans originated
< 500500–1,0001,000–2,0002,000+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 51 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.