What loan types does Credence Funding Corporation offer?

Credence Funding Corporation offers the following mortgage loan types: Conventional, VA. Each product has its own pricing score and performance metrics.

Where does Credence Funding Corporation offer mortgages?

Credence Funding Corporation offers mortgages in 10 states: AZ, FL, GA, IL, IN, MD, MI, PA, VA, WA.

How competitive are Credence Funding Corporation's mortgage rates?

Credence Funding Corporation has an overall pricing score of 49.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Credence Funding Corporation?

Credence Funding Corporation is a Independent Mortgage Company headquartered in Aberdeen, MD.

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Credence Funding Corporation

Independent Mortgage Company•Aberdeen, MDHQ•Direct•Reviews near you on Google

Credence Funding Corporation has 31 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

Sound

3/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Acceptable

2/5

Conventional · VA

Place

Sound

3/5

Multi-Region · 1 mkts

Summary

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Credence Funding Corporation performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 69.0 bps below market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Mediocre

Bottom 20% of lenders

Acceptable

Bottom 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Mediocre

Bottom 20% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 1 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	Mediocre	Mediocre	—	—	19	61.3%	-0.086%Below	$1,971Fees
VA Loans	Sound	Acceptable	Sound	—	10	32.3%	-0.846%Below	$4,026Fees

Conventional

Overall

Mediocre

Product

Mediocre

Pricing—

Pull Through—

Volume19

Mix61.3%

Spread

-0.086%Below

Fees

$1,971Fees

VA Loans

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through—

Volume10

Mix32.3%

Spread

-0.846%Below

Fees

$4,026Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Mediocre	Exceptional	Sound	22	71.0%	-0.063%Below	$1,957Fees

Purchase

Overall

Sound

Product

Mediocre

Pricing

Exceptional

Pull Through

Sound

Volume22

Mix71.0%

Spread

-0.063%Below

Fees

$1,957Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$11 million

Pricing & Closing

Avg Rate Spread

-0.690%

vs. market APOR

Avg Net Fees

$3,313

Origination − Credits

Pullthrough Rate

96.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$385,645

Avg Borrower Income

$131,323

Avg Property Value

$480,161

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast1

Midwest3

ILINMI

South4

FLGAMDVA

West2

AZWA

Top Metro Areas by Place Specialization Score

Baltimore, MDMetro

Volume 16Mix 51.61% of portfolio

54/100

Sound

Top States by Place Specialization Score

MarylandState

Volume 20Mix 64.52% of portfolio

55/100

Sound

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.