What loan types does Preferred Lending Services offer?

Preferred Lending Services offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing score and performance metrics.

Where does Preferred Lending Services offer mortgages?

Preferred Lending Services offers mortgages in 2 states: FL, MD.

How competitive are Preferred Lending Services's mortgage rates?

Preferred Lending Services has an overall pricing score of 28.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Preferred Lending Services?

Preferred Lending Services is a Independent Mortgage Company headquartered in WILMINGTON, DE.

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Preferred Lending Services

Independent Mortgage Company•Wilmington, DEHQ•Direct•Reviews near you on Google

Preferred Lending Services has 131 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

FHA · Conventional

Place

Strong

4/5

Regional · 3 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Preferred Lending Services performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+34.4 bps above market avg

2/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

104 loans · 0.36% above market

Acceptable

Bottom 40% of lenders

2/5

FHA

18 loans · 0.57% above market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

124 loans · 0.35% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Acceptable	Acceptable	Sound	104	79.4%	+0.364%Above	$2,603Fees
FHA Loans	Sound	Sound	—	Strong	18	13.7%	+0.568%Above	$3,617Fees

Conventional

Overall

Acceptable

Product

Acceptable

Pricing

Acceptable

Pull Through

Sound

Volume104

Mix79.4%

Spread

+0.364%Above

Fees

$2,603Fees

FHA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Strong

Volume18

Mix13.7%

Spread

+0.568%Above

Fees

$3,617Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Sound	Acceptable	Sound	124	94.7%	+0.351%Above	$2,757Fees

Purchase

Overall

Acceptable

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume124

Mix94.7%

Spread

+0.351%Above

Fees

$2,757Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

131

Applications

178

Volume

$42 million

Pricing & Closing

Avg Rate Spread

+0.344%

vs. market APOR

Avg Net Fees

$2,814

Origination − Credits

Pullthrough Rate

73.6%

Applications → Closed

Typical Borrower

Avg Loan Amount

$324,237

Avg Borrower Income

$134,107

Avg Property Value

$405,305

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

2Full-year 2024 · HMDA

Loans originated

< 100100+None

South2

FLMD

Top Metro Areas by Place Specialization Score

St. Petersburg, FLMetro

Volume 38Mix 29.01% of portfolio

68/100

Strong

Tampa, FLMetro

Volume 56Mix 42.75% of portfolio

67/100

Strong

Lakeland, FLMetro

Volume 13Mix 9.92% of portfolio

51/100

Sound

Top States by Place Specialization Score

FloridaState

Volume 128Mix 97.71% of portfolio

67/100

Strong

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.