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We analyzed every closed loan from Logan Finance — 1.1k loans across 1k 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
Exceptional
Conventional · Jumbo
Place
Sound
Near-National · 17 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Nationwide availability with consistent service
Things to Think About
- Rates typically 104 basis points above market average
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Report Card
Logan Finance Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +103.9 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 | |
Jumbo | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders Near-National18 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 665 | 62.8% | +1.101%Above | $3,696Fees | ||||
Jumbo Loans | 394 | 37.2% | +0.909%Above | $1,149Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 808 | 76.3% | +1.060%Above | $3,029Fees | ||||
Refinance | 251 | 23.7% | +0.962%Above | $2,310Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,059
Applications
1,437
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+1.039%
vs. market APOR
Avg Net Fees
$2,870
Origination − Credits
Pullthrough Rate
73.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$988,116
Avg Borrower Income
$767,442
Avg Property Value
$1,448,909
Geographic Coverage
Geographic Performance
Metro Areas
17
States Served
33
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALAZCACOCTDCDEFLGAHIIDILINKSMDMEMIMOMTNCNDNJNVOKORPARISCTNTXUTVAWA
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 334Mix: 31.54%of portfolio
Place
Exceptional2
Anaheim, CAMSA
Volume: 88Mix: 8.31%of portfolio
Place
Strong3
Miami, FLMSA
Volume: 48Mix: 4.53%of portfolio
Place
Sound4
San Diego, CAMSA
Volume: 49Mix: 4.63%of portfolio
Place
Sound5
Fort Lauderdale, FLMSA
Volume: 32Mix: 3.02%of portfolio
Place
Sound6
West Palm Beach, FLMSA
Volume: 27Mix: 2.55%of portfolio
Place
Sound7
Riverside, CAMSA
Volume: 38Mix: 3.59%of portfolio
Place
Sound8
Oxnard, CAMSA
Volume: 18Mix: 1.70%of portfolio
Place
Sound9
Lakewood, NJMSA
Volume: 22Mix: 2.08%of portfolio
Place
Sound10
Orlando, FLMSA
Volume: 22Mix: 2.08%of portfolio
Place
SoundShowing 10 of 17 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 573Mix: 54.11%of portfolio
Place
Strong2
FLState
Volume: 203Mix: 19.17%of portfolio
Place
Strong3
NJState
Volume: 48Mix: 4.53%of portfolio
Place
Sound4
TXState
Volume: 60Mix: 5.67%of portfolio
Place
Sound5
AZState
Volume: 25Mix: 2.36%of portfolio
Place
Sound6
NVState
Volume: 19Mix: 1.79%of portfolio
Place
Sound7
COState
Volume: 18Mix: 1.70%of portfolio
Place
Sound8
HIState
Volume: 10Mix: 0.94%of portfolio
Place
Sound9
PAState
Volume: 15Mix: 1.42%of portfolio
Place
Acceptable10
WAState
Volume: 12Mix: 1.13%of portfolio
Place
AcceptableHow 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.