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Lennar Mortgage's 54.8k closed loans and 73k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Exceptional
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Exceptional
Near-National · 49 mkts
Safe Rate Awards💎Conventional Champion💎FHA Champion💎VA Champion💎USDA Champion💎Purchase Champion
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Safe Rate's Summary
What They Do Well
- Offers rates 68.90 basis points below market average
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
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Report Card
Lennar Mortgage, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Market Leader Rates 68.9 bps below market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 10% of lenders | |
FHA | Market Leader Top 5% of lenders | |
VA | Market Leader Top 10% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 10% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 5% of lenders | |
Refinance | Near industry average Bottom 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Market Leader Top 20% of lenders Near-National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 32,877 | 60.0% | -0.574%Below | $2,701Fees | ||||
FHA Loans | 16,064 | 29.3% | -0.886%Below | $3,090Fees | ||||
VA Loans | 5,470 | 10.0% | -1.448%Below | $457Fees | ||||
Jumbo Loans | 131 | 0.2% | +0.080%Above | $2,429Fees | ||||
USDA Loans | 243 | 0.4% | -1.184%Below | $3,235Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 54,769 | 100.0% | -0.690%Below | $2,748Fees | ||||
Refinance | — | 16 | 0.0% | +0.147%Above | $2,369Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
54,785
Applications
73,461
Volume
$19 billion
Pricing & Closing
Avg Rate Spread
-0.689%
vs. market APOR
Avg Net Fees
$2,748
Origination − Credits
Pullthrough Rate
74.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$364,349
Avg Borrower Income
$146,615
Avg Property Value
$438,869
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
26
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALAZCACODEFLGAIDILINMDMNNCNJNVOKORPASCTNTXUTVAWAWIWV
Top Metro Areas by Place Specialization Score
1
San Antonio, TXMSA
Volume: 4,403Mix: 8.04%of portfolio
Place
Exceptional2
Austin, TXMSA
Volume: 2,077Mix: 3.79%of portfolio
Place
Exceptional3
Punta Gorda, FL, FLMSA
Volume: 486Mix: 0.89%of portfolio
Place
Exceptional4
Charleston, SCMSA
Volume: 882Mix: 1.61%of portfolio
Place
Exceptional5
Tampa, FL, FLMSA
Volume: 2,754Mix: 5.03%of portfolio
Place
Exceptional6
Raleigh, NCMSA
Volume: 1,619Mix: 2.96%of portfolio
Place
Exceptional7
Dallas, TXMSA
Volume: 3,537Mix: 6.46%of portfolio
Place
Exceptional8
North Port, FLMSA
Volume: 820Mix: 1.50%of portfolio
Place
Exceptional9
Lakeland, FLMSA
Volume: 849Mix: 1.55%of portfolio
Place
Exceptional10
Las Vegas, NVMSA
Volume: 1,473Mix: 2.69%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 14,575Mix: 26.60%of portfolio
Place
Exceptional2
NVState
Volume: 1,801Mix: 3.29%of portfolio
Place
Exceptional3
SCState
Volume: 2,371Mix: 4.33%of portfolio
Place
Exceptional4
FLState
Volume: 10,805Mix: 19.72%of portfolio
Place
Exceptional5
CAState
Volume: 6,765Mix: 12.35%of portfolio
Place
Exceptional6
AZState
Volume: 2,620Mix: 4.78%of portfolio
Place
Exceptional7
INState
Volume: 1,902Mix: 3.47%of portfolio
Place
Exceptional8
NCState
Volume: 2,812Mix: 5.13%of portfolio
Place
Exceptional9
MNState
Volume: 1,444Mix: 2.64%of portfolio
Place
Exceptional10
COState
Volume: 1,549Mix: 2.83%of portfolio
Place
ExceptionalShowing 10 of 26 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.