FlexPoint
We analyzed every closed loan from FlexPoint — 1.2k 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 · Jumbo
Place
Sound
3/5
Multi-Region · 20 mkts
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Things to Think About
- Rates typically 69 basis points above market average
- Higher than average fees ($4,371)
Explore another lender or local market
Report Card
FlexPoint performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+68.5 bps above market avg
Pull Through
Closing strength
Sound
Top 60% 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
Jumbo
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
Multi-Regional · 21 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 | 727 | 59.5% | +0.786%Above | $4,973Fees | ||||
FHA Loans | 389 | 31.8% | +0.590%Above | $3,747Fees | ||||
VA Loans | — | 29 | 2.4% | -0.094%Below | $3,331Fees | |||
Jumbo Loans | — | 77 | 6.3% | +0.799%Above | $2,102Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume727
Mix59.5%
Spread
+0.786%Above
Fees
$4,973Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume389
Mix31.8%
Spread
+0.590%Above
Fees
$3,747Fees
VA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume29
Mix2.4%
Spread
-0.094%Below
Fees
$3,331Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume77
Mix6.3%
Spread
+0.799%Above
Fees
$2,102Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,022 | 83.6% | +0.697%Above | $4,394Fees | ||||
Refinance | 200 | 16.4% | +0.627%Above | $4,255Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume1,022
Mix83.6%
Spread
+0.697%Above
Fees
$4,394Fees
Refinance
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume200
Mix16.4%
Spread
+0.627%Above
Fees
$4,255Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,222
Applications
2,336
Volume
$678 million
Pricing & Closing
Avg Rate Spread
+0.685%
vs. market APOR
Avg Net Fees
$4,371
Origination − Credits
Pullthrough Rate
52.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$555,106
Avg Borrower Income
$239,164
Avg Property Value
$716,414
Geographic Coverage
Geographic Performance
Metro Areas
20
markets with activity
States Served
17
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
17Northeast2
NJPA
South8
FLGALAMDNCTNTXVA
West7
AZCACONMNVORWA
Top Metro Areas by Place Specialization Score
Volume 70Mix 5.73% of portfolio
83/100
Exceptional
Volume 37Mix 3.03% of portfolio
76/100
Strong
Volume 66Mix 5.40% of portfolio
75/100
Strong
Volume 107Mix 8.76% of portfolio
75/100
Strong
Volume 184Mix 15.06% of portfolio
73/100
Strong
Volume 135Mix 11.05% of portfolio
69/100
Strong
Volume 82Mix 6.71% of portfolio
68/100
Strong
Volume 42Mix 3.44% of portfolio
63/100
Strong
Volume 48Mix 3.93% of portfolio
55/100
Sound
Volume 30Mix 2.45% of portfolio
52/100
SoundShowing 10 of 20 metro areas
Top States by Place Specialization Score
1
CaliforniaState
Volume 913Mix 74.71% of portfolio
80/100
Strong2
TexasState
Volume 107Mix 8.76% of portfolio
57/100
Sound3
FloridaState
Volume 72Mix 5.89% of portfolio
52/100
Sound4
GeorgiaState
Volume 27Mix 2.21% of portfolio
46/100
Sound5
North CarolinaState
Volume 28Mix 2.29% of portfolio
45/100
Sound6
ArizonaState
Volume 14Mix 1.15% of portfolio
40/100
Sound7
ColoradoState
Volume 11Mix 0.90% of portfolio
38/100
AcceptableHow 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.