Veritas Funding
We analyzed every closed loan from Veritas Funding — 936 loans across 2k 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
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Multi-Region · 15 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
- Pricing may be below industry average
- Higher than average fees ($5,326)
Explore another lender or local market
Report Card
Veritas Funding performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+40.5 bps above market avg
1/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
238 loans · 0.42% above market
Sound
Top 60% of lenders
3/5
FHA
475 loans · 0.48% above market
Strong
Top 40% of lenders
4/5
VA
221 loans · 0.03% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
378 loans · 0.44% above market
Strong
Top 40% of lenders
4/5
Refinance
558 loans · 0.26% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 16 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 | 238 | 25.4% | +0.421%Above | $5,043Fees | ||||
FHA Loans | 475 | 50.7% | +0.479%Above | $6,393Fees | ||||
VA Loans | — | 221 | 23.6% | +0.031%Above | $4,907Fees |
Conventional
OverallSound
ProductSound
PricingMediocre
Pull ThroughSound
Volume238
Mix25.4%
Spread
+0.421%Above
Fees
$5,043Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume475
Mix50.7%
Spread
+0.479%Above
Fees
$6,393Fees
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume221
Mix23.6%
Spread
+0.031%Above
Fees
$4,907Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 378 | 40.4% | +0.440%Above | $5,302Fees | ||||
Refinance | 558 | 59.6% | +0.264%Above | $5,422Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume378
Mix40.4%
Spread
+0.440%Above
Fees
$5,302Fees
Refinance
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughAcceptable
Volume558
Mix59.6%
Spread
+0.264%Above
Fees
$5,422Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
936
Applications
2,095
Volume
$320 million
Pricing & Closing
Avg Rate Spread
+0.405%
vs. market APOR
Avg Net Fees
$5,326
Origination − Credits
Pullthrough Rate
44.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$342,276
Avg Borrower Income
$105,183
Avg Property Value
$435,128
Geographic Coverage
Geographic Performance
Metro Areas
15
markets with activity
States Served
21
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
21Full-year 2024 · HMDALoans originated
< 2020–5050+None
Northeast1
NJ
Midwest4
ILINOHWI
South7
ARFLGANCSCTNTX
West9
AZCACOIDMTNMORUTWY
Top Metro Areas by Place Specialization Score
Showing 10 of 15 metro areas
Top States by Place Specialization Score
Showing 10 of 17 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.