NextMortgage
We analyzed every closed loan from NextMortgage — 422 loans across 680 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
Strong
4/5
Multi-Region · 6 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
- Rates typically 59 basis points above market average
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
NextMortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+59.1 bps above market avg
1/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
264 loans · 0.50% above market
Sound
Top 60% of lenders
3/5
FHA
121 loans · 0.97% above market
Strong
Top 40% of lenders
4/5
VA
36 loans · 0.41% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
394 loans · 0.58% above market
Strong
Top 40% of lenders
4/5
Refinance
28 loans · 0.76% above market
Acceptable
Bottom 40% of lenders
2/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 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 | 264 | 62.6% | +0.500%Above | $3,590Fees | ||||
FHA Loans | 121 | 28.7% | +0.972%Above | $4,788Fees | ||||
VA Loans | — | 36 | 8.5% | +0.415%Above | $3,104Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume264
Mix62.6%
Spread
+0.500%Above
Fees
$3,590Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume121
Mix28.7%
Spread
+0.972%Above
Fees
$4,788Fees
VA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume36
Mix8.5%
Spread
+0.415%Above
Fees
$3,104Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 394 | 93.4% | +0.577%Above | $3,864Fees | ||||
Refinance | 28 | 6.6% | +0.761%Above | $3,136Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume394
Mix93.4%
Spread
+0.577%Above
Fees
$3,864Fees
Refinance
OverallMediocre
ProductAcceptable
PricingMediocre
Pull ThroughMediocre
Volume28
Mix6.6%
Spread
+0.761%Above
Fees
$3,136Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
422
Applications
680
Volume
$134 million
Pricing & Closing
Avg Rate Spread
+0.591%
vs. market APOR
Avg Net Fees
$3,806
Origination − Credits
Pullthrough Rate
62.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$319,194
Avg Borrower Income
$124,754
Avg Property Value
$377,630
Geographic Coverage
Geographic Performance
Metro Areas
6
markets with activity
States Served
13
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
13Full-year 2024 · HMDALoans originated
< 1010–5050+None
Northeast1
ME
Midwest2
MNND
South9
FLLAMSNCSCTNTXVAWV
West1
CO
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.
Looking for a different lender?
Are you the owner of NextMortgage?
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.