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We analyzed every closed loan from Iserve Residential Lending — 578 loans across 786 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · USDA
Place
Sound
Multi-Region · 11 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and VA and USDA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,409)
Explore another lender or local market
Report Card
Iserve Residential Lending, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +36.5 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Industry Standard Top 60% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Industry Standard Top 60% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Multi-Regional12 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 190 | 32.9% | +0.363%Above | $4,030Fees | ||||
FHA Loans | 306 | 52.9% | +0.602%Above | $5,401Fees | ||||
VA Loans | 62 | 10.7% | -0.305%Below | $3,925Fees | ||||
USDA Loans | — | 17 | 2.9% | +0.189%Above | $1,575Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 354 | 61.2% | +0.417%Above | $4,211Fees | ||||
Refinance | 224 | 38.8% | +0.115%Above | $5,359Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
578
Applications
786
Volume
$204 million
Pricing & Closing
Avg Rate Spread
+0.365%
vs. market APOR
Avg Net Fees
$4,409
Origination − Credits
Pullthrough Rate
73.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$353,512
Avg Borrower Income
$122,306
Avg Property Value
$436,505
Geographic Coverage
Geographic Performance
Metro Areas
11
States Served
12
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALCACOFLGAINKYNCNVORTNVA
Top Metro Areas by Place Specialization Score
1
Reno, NV, NVMSA
Volume: 67Mix: 11.59%of portfolio
Place
Strong2
Nashville, TNMSA
Volume: 101Mix: 17.47%of portfolio
Place
Strong3
Atlanta, GAMSA
Volume: 58Mix: 10.03%of portfolio
Place
Strong4
Chattanooga, TN, TN-GAMSA
Volume: 19Mix: 3.29%of portfolio
Place
Sound5
Virginia Beach, VA-NCMSA
Volume: 22Mix: 3.81%of portfolio
Place
Sound6
Eugene, ORMSA
Volume: 14Mix: 2.42%of portfolio
Place
Sound7
San Diego, CAMSA
Volume: 17Mix: 2.94%of portfolio
Place
Sound8
Knoxville, TN, TNMSA
Volume: 15Mix: 2.60%of portfolio
Place
Sound9
Marietta, GA, GAMSA
Volume: 13Mix: 2.25%of portfolio
Place
Sound10
Clarksville, TN, TN-KYMSA
Volume: 10Mix: 1.73%of portfolio
Place
SoundShowing 10 of 11 metro areas
Top States by Place Specialization Score
1
TNState
Volume: 199Mix: 34.43%of portfolio
Place
Strong2
NVState
Volume: 110Mix: 19.03%of portfolio
Place
Strong3
GAState
Volume: 105Mix: 18.17%of portfolio
Place
Strong4
ORState
Volume: 23Mix: 3.98%of portfolio
Place
Sound5
VAState
Volume: 23Mix: 3.98%of portfolio
Place
Sound6
CAState
Volume: 31Mix: 5.36%of portfolio
Place
Sound7
ALState
Volume: 18Mix: 3.11%of portfolio
Place
Sound8
FLState
Volume: 22Mix: 3.81%of portfolio
Place
Sound9
KYState
Volume: 12Mix: 2.08%of portfolio
Place
Sound10
INState
Volume: 13Mix: 2.25%of portfolio
Place
SoundShowing 10 of 11 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.