Clearedge Lending
We analyzed every closed loan from Clearedge Lending — 1.3k 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
Exceptional
5/5
Conventional · Jumbo
Place
Sound
3/5
Near-National · 30 mkts
Summary
What They Do Well
- Nationwide availability with consistent service
Things to Think About
- Rates typically 104 basis points above market average
- Higher than average fees ($4,303)
Explore another lender or local market
Report Card
Clearedge Lending performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+103.7 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
Jumbo
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 31 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 944 | 74.3% | +1.030%Above | $4,546Fees | ||||
Jumbo Loans | 326 | 25.7% | +1.070%Above | $3,142Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughAcceptable
Volume944
Mix74.3%
Spread
+1.030%Above
Fees
$4,546Fees
Jumbo Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume326
Mix25.7%
Spread
+1.070%Above
Fees
$3,142Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 984 | 77.5% | +1.034%Above | $4,439Fees | ||||
Refinance | 286 | 22.5% | +1.051%Above | $3,650Fees |
Purchase
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughAcceptable
Volume984
Mix77.5%
Spread
+1.034%Above
Fees
$4,439Fees
Refinance
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughSound
Volume286
Mix22.5%
Spread
+1.051%Above
Fees
$3,650Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,270
Applications
2,028
Volume
$932 million
Pricing & Closing
Avg Rate Spread
+1.037%
vs. market APOR
Avg Net Fees
$4,303
Origination − Credits
Pullthrough Rate
62.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$733,953
Avg Borrower Income
$592,227
Avg Property Value
$1,044,488
Geographic Coverage
Geographic Performance
Metro Areas
30
markets with activity
States Served
36
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
36Northeast4
CTNHNJPA
Midwest7
ILINKSMIMNOHWI
South16
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVA
West9
AZCACOIDNMNVORUTWA
Top Metro Areas by Place Specialization Score
Volume 169Mix 13.31% of portfolio
72/100
Strong
Volume 76Mix 5.98% of portfolio
67/100
Strong
Volume 66Mix 5.20% of portfolio
63/100
Strong
Volume 54Mix 4.25% of portfolio
63/100
Strong
Volume 64Mix 5.04% of portfolio
62/100
Strong
Volume 43Mix 3.39% of portfolio
56/100
Sound
Volume 45Mix 3.54% of portfolio
55/100
Sound
Volume 31Mix 2.44% of portfolio
53/100
Sound
Volume 34Mix 2.68% of portfolio
53/100
Sound
Volume 34Mix 2.68% of portfolio
52/100
SoundShowing 10 of 30 metro areas
Top States by Place Specialization Score
1
CaliforniaState
Volume 435Mix 34.25% of portfolio
72/100
Strong2
FloridaState
Volume 377Mix 29.69% of portfolio
71/100
Strong3
GeorgiaState
Volume 76Mix 5.98% of portfolio
58/100
Sound4
TexasState
Volume 87Mix 6.85% of portfolio
55/100
Sound5
NevadaState
Volume 37Mix 2.91% of portfolio
54/100
Sound6
WashingtonState
Volume 32Mix 2.52% of portfolio
50/100
Sound7
MinnesotaState
Volume 23Mix 1.81% of portfolio
46/100
Sound8
ArizonaState
Volume 22Mix 1.73% of portfolio
45/100
Sound9
North CarolinaState
Volume 26Mix 2.05% of portfolio
45/100
Sound10
VirginiaState
Volume 15Mix 1.18% of portfolio
40/100
SoundShowing 10 of 16 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 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.