We analyzed every closed loan from Network Funding — 2.5k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Near-National · 18 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
- Nationwide availability with consistent service
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Report Card
Network Funding performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
1,705 loans
Strong
Top 40% of lenders
4/5
FHA
546 loans
Strong
Top 40% of lenders
4/5
VA
229 loans
Strong
Top 40% of lenders
4/5
Jumbo
32 loans
Strong
Top 40% of lenders
4/5
USDA
20 loans
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
2,000 loans
Strong
Top 40% of lenders
4/5
Refinance
532 loans
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Near-National · 19 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 | — | 1,705 | 67.3% | — | — | |||
FHA Loans | — | 546 | 21.6% | — | — | |||
VA Loans | — | 229 | 9.0% | — | — | |||
Jumbo Loans | — | 32 | 1.3% | — | — | |||
USDA Loans | — | 20 | 0.8% | — | — |
Conventional
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume1,705
Mix67.3%
Spread—
Fees—
FHA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume546
Mix21.6%
Spread—
Fees—
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume229
Mix9.0%
Spread—
Fees—
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume32
Mix1.3%
Spread—
Fees—
USDA Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughAcceptable
Volume20
Mix0.8%
Spread—
Fees—
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | — | 2,000 | 79.0% | — | — | |||
Refinance | — | 532 | 21.0% | — | — |
Purchase
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume2,000
Mix79.0%
Spread—
Fees—
Refinance
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume532
Mix21.0%
Spread—
Fees—
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,532
Applications
4,294
Volume
$868 million
Pricing & Closing
Pullthrough Rate
59.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$342,923
Avg Borrower Income
$167,105
Avg Property Value
$457,905
Geographic Coverage
Geographic Performance
Metro Areas
18
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
26Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast3
MAPARI
Midwest3
ILMIOH
South12
ALARFLGALAMSNCOKSCTNTXVA
West8
AZCOIDMTNMUTWAWY
Top Metro Areas by Place Specialization Score
4© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 150Mix 5.92% of portfolio
73/100
Strong
Showing 10 of 18 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.