Filo Mortgage
We analyzed every closed loan from Filo Mortgage — 1.9k loans across 4k 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
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Near-National · 49 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
Filo Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+13.9 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% 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 · 50 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 | 1,366 | 72.1% | +0.192%Above | $566Fees | ||||
FHA Loans | 363 | 19.2% | +0.215%Above | $327Fees | ||||
VA Loans | 159 | 8.4% | -0.579%Below | $512Credit |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume1,366
Mix72.1%
Spread
+0.192%Above
Fees
$566Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume363
Mix19.2%
Spread
+0.215%Above
Fees
$327Fees
VA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume159
Mix8.4%
Spread
-0.579%Below
Fees
$512Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,325 | 70.0% | +0.194%Above | $697Fees | ||||
Refinance | 569 | 30.0% | -0.099%Below | $692Credit |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume1,325
Mix70.0%
Spread
+0.194%Above
Fees
$697Fees
Refinance
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughAcceptable
Volume569
Mix30.0%
Spread
-0.099%Below
Fees
$692Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,894
Applications
3,805
Volume
$729 million
Pricing & Closing
Avg Rate Spread
+0.139%
vs. market APOR
Avg Net Fees
$439
Origination − Credits
Pullthrough Rate
49.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$385,211
Avg Borrower Income
$157,548
Avg Property Value
$503,200
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
27
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
27Northeast3
CTNJPA
Midwest7
IAILINMIMNOHWI
South11
ALDEFLGALAMDNCSCTNTXVA
West6
AZCACOORUTWA
Top Metro Areas by Place Specialization Score
Volume 47Mix 2.48% of portfolio
69/100
Strong
Volume 68Mix 3.59% of portfolio
65/100
Strong
Volume 56Mix 2.96% of portfolio
59/100
Sound
Volume 32Mix 1.69% of portfolio
58/100
Sound
Volume 62Mix 3.27% of portfolio
57/100
Sound
Volume 58Mix 3.06% of portfolio
57/100
Sound
Volume 28Mix 1.48% of portfolio
56/100
Sound
Volume 43Mix 2.27% of portfolio
55/100
Sound
Volume 37Mix 1.95% of portfolio
55/100
Sound
Volume 52Mix 2.75% of portfolio
54/100
SoundShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
FloridaState
Volume 345Mix 18.22% of portfolio
69/100
Strong2
PennsylvaniaState
Volume 186Mix 9.82% of portfolio
68/100
Strong3
GeorgiaState
Volume 124Mix 6.55% of portfolio
62/100
Strong4
TexasState
Volume 180Mix 9.50% of portfolio
62/100
Strong5
AlabamaState
Volume 75Mix 3.96% of portfolio
61/100
Strong6
VirginiaState
Volume 81Mix 4.28% of portfolio
59/100
Sound7
WashingtonState
Volume 70Mix 3.70% of portfolio
59/100
Sound8
ArizonaState
Volume 74Mix 3.91% of portfolio
57/100
Sound9
IllinoisState
Volume 77Mix 4.07% of portfolio
57/100
Sound10
MichiganState
Volume 77Mix 4.07% of portfolio
57/100
SoundShowing 10 of 25 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.