What loan types does New Wave Lending Group offer?

New Wave Lending Group offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does New Wave Lending Group offer mortgages?

New Wave Lending Group offers mortgages in 23 states: AZ, CA, CO, CT, DC, FL, GA, HI, IL, MD, MI, NC, NJ, NV, OH, OR, PA, SC, TN, TX, UT, VA, WA.

How competitive are New Wave Lending Group's mortgage rates?

New Wave Lending Group has an overall pricing score of 14/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is New Wave Lending Group?

New Wave Lending Group is a Independent Mortgage Company headquartered in CITY OF INDUSTRY, CA.

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New Wave Lending Group

Independent Mortgage Company•City Of Industry, CAHQ•Direct & Wholesale•Reviews near you on Google

We analyzed every closed loan from New Wave Lending Group — 2.9k 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

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · Jumbo

Place

Sound

3/5

Multi-Region · 33 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and Jumbo loans

Things to Think About

Rates typically 76 basis points above market average

Explore another lender or local market

Report Card

New Wave Lending Group performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+75.7 bps above market avg

1/5

Pull Through

Closing strength

Strong

Top 40% of lenders

4/5

By Loan Product· Specialization by type

Conventional

2,695 loans · 0.74% above market

Strong

Top 40% of lenders

4/5

FHA

41 loans · 0.50% above market

Sound

Top 60% of lenders

3/5

Jumbo

194 loans · 1.26% above market

Exceptional

Top 20% of lenders

5/5

By Loan Purpose· Transaction purpose mix

Purchase

2,417 loans · 0.77% above market

Strong

Top 40% of lenders

4/5

Refinance

521 loans · 0.72% above market

Strong

Top 40% of lenders

4/5

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 34 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	Sound	Strong	Mediocre	Strong	2,695	91.7%	+0.739%Above	$3,866Fees
FHA Loans	Sound	Sound	Acceptable	Sound	41	1.4%	+0.504%Above	$4,354Fees
Jumbo Loans	Sound	Exceptional	Mediocre	Strong	194	6.6%	+1.259%Above	$2,979Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Strong

Volume2,695

Mix91.7%

Spread

+0.739%Above

Fees

$3,866Fees

FHA Loans

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume41

Mix1.4%

Spread

+0.504%Above

Fees

$4,354Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume194

Mix6.6%

Spread

+1.259%Above

Fees

$2,979Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Mediocre	Sound	2,417	82.3%	+0.765%Above	$4,077Fees
Refinance	Sound	Strong	Acceptable	Strong	521	17.7%	+0.717%Above	$2,709Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume2,417

Mix82.3%

Spread

+0.765%Above

Fees

$4,077Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Strong

Volume521

Mix17.7%

Spread

+0.717%Above

Fees

$2,709Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

2,938

Applications

4,162

Volume

$1 billion

Pricing & Closing

Avg Rate Spread

+0.757%

vs. market APOR

Avg Net Fees

$3,838

Origination − Credits

Pullthrough Rate

70.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$569,687

Avg Borrower Income

$269,984

Avg Property Value

$864,561

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

23Full-year 2024 · HMDA

Loans originated

< 2020–5050–100100+None

Northeast3

CTNJPA

Midwest3

ILMIOH

South9

DCFLGAMDNCSCTNTXVA

West8

AZCACOHINVORUTWA

Top Metro Areas by Place Specialization Score

1© Eric Polk · CC BY-SA 4.0

Los Angeles, CAMetro

Volume 777Mix 26.45% of portfolio

88/100

Exceptional

2© André Regius · CC BY-SA 3.0

Anaheim, CAMetro

Volume 333Mix 11.33% of portfolio

84/100

Exceptional

3© Johnwayne Stroud · CC BY-SA 3.0

Riverside, CAMetro

Volume 257Mix 8.75% of portfolio

74/100

Strong

4© Basil D Soufi · CC BY-SA 3.0

Oakland, CAMetro

Volume 137Mix 4.66% of portfolio

73/100

Strong

5© Roman Eugeniusz · CC BY-SA 3.0

Las Vegas, NVMetro

Volume 112Mix 3.81% of portfolio

68/100

Strong

Atlanta, GAMetro

Volume 146Mix 4.97% of portfolio

67/100

Strong

San Francisco, CAMetro

Volume 51Mix 1.74% of portfolio

64/100

Strong

San Jose, CAMetro

Volume 54Mix 1.84% of portfolio

61/100

Strong

Houston, TXMetro

Volume 76Mix 2.59% of portfolio

58/100

Sound

Sacramento, CAMetro

Volume 55Mix 1.87% of portfolio

57/100

Sound

Showing 10 of 33 metro areas

Top States by Place Specialization Score

CaliforniaState

Volume 1,878Mix 63.92% of portfolio

84/100

Exceptional

NevadaState

Volume 127Mix 4.32% of portfolio

68/100

Strong

GeorgiaState

Volume 200Mix 6.81% of portfolio

66/100

Strong

TexasState

Volume 247Mix 8.41% of portfolio

64/100

Strong

FloridaState

Volume 134Mix 4.56% of portfolio

56/100

Sound

IllinoisState

Volume 71Mix 2.42% of portfolio

55/100

Sound

VirginiaState

Volume 53Mix 1.80% of portfolio

53/100

Sound

MarylandState

Volume 37Mix 1.26% of portfolio

50/100

Sound

New JerseyState

Volume 32Mix 1.09% of portfolio

48/100

Sound

North CarolinaState

Volume 39Mix 1.33% of portfolio

47/100

Sound

Showing 10 of 16 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.