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CLEAREDGE LENDING LLC
Independent Mortgage Company|WILMINGTON, DE|Near-National
Loans Originated
1,270
Applications
2,028
Volume
$932 million
Sources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+1.037%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,303
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
62.6%
Percentage of applications that result in closed loans
Safe Rate's 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)
Report Card
CLEAREDGE LENDING LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 31 metro areas · 36 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$733,953
Average Borrower Income
$592,227
Average Property Value
$1,044,488
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Acceptable | 944 | 74.3% | +1.030% | $4,546 |
Jumbo Loans | Sound | Exceptional | Mediocre | Strong | 326 | 25.7% | +1.070% | $3,142 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Acceptable | 984 | 77.5% | +1.034% | $4,439 |
Refinance | Acceptable | Strong | Mediocre | Sound | 286 | 22.5% | +1.051% | $3,650 |
Geographic Coverage
Metro Areas
30
States Served
36
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDCDEFLGAIDILINKSKYLAMDMIMNMSNCNHNJNMNVOHOKORPASCTNTXUTVAWAWI
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 169Mix: 13.31%
Place Specialization
Strong
2
Anaheim, CAMSA
Volume: 76Mix: 5.98%
Place Specialization
Strong
3
Fort Lauderdale, FLMSA
Volume: 66Mix: 5.20%
Place Specialization
Strong
4
West Palm Beach, FLMSA
Volume: 54Mix: 4.25%
Place Specialization
Strong
5
Miami, FLMSA
Volume: 64Mix: 5.04%
Place Specialization
Strong
6
San Diego, CAMSA
Volume: 43Mix: 3.39%
Place Specialization
Sound
7
Atlanta, GAMSA
Volume: 45Mix: 3.54%
Place Specialization
Sound
8
Las Vegas, NVMSA
Volume: 31Mix: 2.44%
Place Specialization
Sound
9
Orlando, FLMSA
Volume: 34Mix: 2.68%
Place Specialization
Sound
10
Riverside, CAMSA
Volume: 34Mix: 2.68%
Place Specialization
Sound
Showing 10 of 30 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 435Mix: 34.25%
Place Specialization
Strong
2
FLState
Volume: 377Mix: 29.69%
Place Specialization
Strong
3
GAState
Volume: 76Mix: 5.98%
Place Specialization
Sound
4
TXState
Volume: 87Mix: 6.85%
Place Specialization
Sound
5
NVState
Volume: 37Mix: 2.91%
Place Specialization
Sound
6
WAState
Volume: 32Mix: 2.52%
Place Specialization
Sound
7
MNState
Volume: 23Mix: 1.81%
Place Specialization
Sound
8
AZState
Volume: 22Mix: 1.73%
Place Specialization
Sound
9
NCState
Volume: 26Mix: 2.05%
Place Specialization
Sound
10
VAState
Volume: 15Mix: 1.18%
Place Specialization
Sound
Showing 10 of 16 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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