L
Loandepotcom's 57.3k closed loans and 90k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Exceptional
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar
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Safe Rate's Summary
What They Do Well
- 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
Loandepot.com, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +13.6 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% 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 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 10% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Market Leader Top 20% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 30,160 | 52.6% | +0.162%Above | $2,515Fees | ||||
FHA Loans | 19,517 | 34.0% | +0.306%Above | $2,571Fees | ||||
VA Loans | 7,000 | 12.2% | -0.385%Below | $3,037Fees | ||||
Jumbo Loans | 529 | 0.9% | +0.166%Above | $1,345Fees | ||||
USDA Loans | 134 | 0.2% | +0.444%Above | $2,390Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 37,215 | 64.9% | +0.084%Above | $2,188Fees | ||||
Refinance | 20,125 | 35.1% | +0.251%Above | $3,450Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
57,340
Applications
90,400
Volume
$20 billion
Pricing & Closing
Avg Rate Spread
+0.136%
vs. market APOR
Avg Net Fees
$2,582
Origination − Credits
Pullthrough Rate
63.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$360,624
Avg Borrower Income
$132,323
Avg Property Value
$466,254
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Bend, OR, ORMSA
Volume: 246Mix: 0.43%of portfolio
Place
Exceptional2
Austin, TXMSA
Volume: 1,028Mix: 1.79%of portfolio
Place
Exceptional3
Houston, TXMSA
Volume: 2,437Mix: 4.25%of portfolio
Place
Exceptional4
Charlotte, NC-SCMSA
Volume: 1,307Mix: 2.28%of portfolio
Place
Exceptional5
Dallas, TXMSA
Volume: 1,855Mix: 3.24%of portfolio
Place
Exceptional6
Spartanburg, SC, SCMSA
Volume: 253Mix: 0.44%of portfolio
Place
Exceptional7
Tucson, AZ, AZMSA
Volume: 721Mix: 1.26%of portfolio
Place
Exceptional8
Las Vegas, NVMSA
Volume: 884Mix: 1.54%of portfolio
Place
Exceptional9
New York, NY-NJMSA
Volume: 1,559Mix: 2.72%of portfolio
Place
Exceptional10
Riverside, CAMSA
Volume: 1,774Mix: 3.09%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 7,812Mix: 13.62%of portfolio
Place
Exceptional2
NJState
Volume: 2,270Mix: 3.96%of portfolio
Place
Exceptional3
WVState
Volume: 642Mix: 1.12%of portfolio
Place
Exceptional4
AZState
Volume: 3,134Mix: 5.47%of portfolio
Place
Exceptional5
ILState
Volume: 2,802Mix: 4.89%of portfolio
Place
Exceptional6
SCState
Volume: 1,553Mix: 2.71%of portfolio
Place
Exceptional7
NVState
Volume: 1,023Mix: 1.78%of portfolio
Place
Exceptional8
CAState
Volume: 6,417Mix: 11.19%of portfolio
Place
Exceptional9
FLState
Volume: 5,290Mix: 9.23%of portfolio
Place
Exceptional10
GAState
Volume: 2,166Mix: 3.78%of portfolio
Place
ExceptionalShowing 10 of 51 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.