Residential Mortgage Network
We analyzed every closed loan from Residential Mortgage Network — 424 loans across 470 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Exceptional
5/5
Single State · 2 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
USDA
Champion
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Offers rates 1.70 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in FHA and VA and USDA loans
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Report Card
Residential Mortgage Network performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 1.7 bps below market avg
4/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
170 loans · 0.11% above market
Sound
Top 60% of lenders
3/5
FHA
93 loans · 0.48% above market
Strong
Top 40% of lenders
4/5
VA
107 loans · 0.43% below market
Strong
Top 40% of lenders
4/5
USDA
54 loans · 0.15% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
409 loans · 0.02% above market
Strong
Top 40% of lenders
4/5
Refinance
15 loans · 0.35% below market
Acceptable
Bottom 40% of lenders
2/5
By Location· Geographic coverage
Geographic Reach
Single State · 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 | 170 | 40.1% | +0.108%Above | $1,250Fees | ||||
FHA Loans | 93 | 21.9% | +0.482%Above | $1,064Fees | ||||
VA Loans | 107 | 25.2% | -0.435%Below | $1,202Fees | ||||
USDA Loans | 54 | 12.7% | +0.149%Above | $1,168Fees |
Conventional
OverallStrong
ProductSound
PricingStrong
Pull ThroughStrong
Volume170
Mix40.1%
Spread
+0.108%Above
Fees
$1,250Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume93
Mix21.9%
Spread
+0.482%Above
Fees
$1,064Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume107
Mix25.2%
Spread
-0.435%Below
Fees
$1,202Fees
USDA Loans
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughExceptional
Volume54
Mix12.7%
Spread
+0.149%Above
Fees
$1,168Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 409 | 96.5% | +0.021%Above | $1,215Fees | ||||
Refinance | — | 15 | 3.5% | -0.349%Below | $1,068Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume409
Mix96.5%
Spread
+0.021%Above
Fees
$1,215Fees
Refinance
OverallSound
ProductAcceptable
PricingStrong
Pull Through—
Volume15
Mix3.5%
Spread
-0.349%Below
Fees
$1,068Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
424
Applications
470
Volume
$101 million
Pricing & Closing
Avg Rate Spread
-0.017%
vs. market APOR
Avg Net Fees
$1,199
Origination − Credits
Pullthrough Rate
90.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$238,632
Avg Borrower Income
$96,950
Avg Property Value
$268,420
Geographic Coverage
Geographic Performance
Metro Areas
2
markets with activity
States Served
1
of 50 states + DC
Avg Place Specialization
Exceptional
5/5
States with Loan Originations
1Full-year 2024 · HMDALoans originated
All statesNone
Midwest1
IA
Top Metro Areas 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.