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LEGEND LENDING CORPORATION
Independent Mortgage Company|HOUSTON, TX|Multi-Region
Loans Originated
880
Applications
1,249
Volume
$311 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.405%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,623
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and VA loans
Things to Think About
- Pricing may be below industry average
Report Card
LEGEND LENDING CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 9 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$353,659
Average Borrower Income
$159,492
Average Property Value
$446,432
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Sound | 554 | 63.0% | +0.367% | $2,598 |
FHA Loans | Strong | Strong | N/A | Strong | 239 | 27.2% | +0.927% | $3,360 |
VA Loans | Strong | Strong | N/A | Strong | 81 | 9.2% | +0.002% | $1,756 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 790 | 89.8% | +0.421% | $2,664 |
Refinance | Sound | Sound | N/A | Sound | 90 | 10.2% | +0.259% | $2,260 |
Geographic Coverage
Metro Areas
8
States Served
19
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Houston, TXMSA
Volume: 417Mix: 47.39%
Place Specialization
Exceptional
2
Corpus Christi, TX, TXMSA
Volume: 54Mix: 6.14%
Place Specialization
Strong
3
St. Petersburg, FLMSA
Volume: 44Mix: 5.00%
Place Specialization
Strong
4
Charlotte, NC-SCMSA
Volume: 54Mix: 6.14%
Place Specialization
Strong
5
Charleston, SCMSA
Volume: 18Mix: 2.05%
Place Specialization
Sound
6
Austin, TXMSA
Volume: 18Mix: 2.05%
Place Specialization
Sound
7
Columbia, SC, SCMSA
Volume: 13Mix: 1.48%
Place Specialization
Sound
8
Tampa, FL, FLMSA
Volume: 13Mix: 1.48%
Place Specialization
Sound
Top States by Place Specialization Score
1
TXState
Volume: 644Mix: 73.18%
Place Specialization
Strong
2
SCState
Volume: 52Mix: 5.91%
Place Specialization
Sound
3
NCState
Volume: 65Mix: 7.39%
Place Specialization
Sound
4
FLState
Volume: 72Mix: 8.18%
Place Specialization
Sound
5
VAState
Volume: 12Mix: 1.36%
Place Specialization
Acceptable
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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