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We analyzed every closed loan from Mortgage Equity Partners — 1.5k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA
Place
Sound
Multi-Region · 24 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Mortgage Equity Partners LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +47.4 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% 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 Multi-Regional25 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,080 | 73.8% | +0.426%Above | $3,147Fees | ||||
FHA Loans | 321 | 21.9% | +0.736%Above | $4,665Fees | ||||
VA Loans | 51 | 3.5% | +0.058%Above | $4,285Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,307 | 89.3% | +0.477%Above | $3,474Fees | ||||
Refinance | 157 | 10.7% | +0.451%Above | $3,556Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,464
Applications
1,917
Volume
$551 million
Pricing & Closing
Avg Rate Spread
+0.474%
vs. market APOR
Avg Net Fees
$3,484
Origination − Credits
Pullthrough Rate
76.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$376,557
Avg Borrower Income
$146,605
Avg Property Value
$493,832
Geographic Coverage
Geographic Performance
Metro Areas
24
States Served
21
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
CACOCTDCDEFLGAMAMDMENCNHNJPARISCTNTXVAVTWA
Top Metro Areas by Place Specialization Score
1
Providence, RI-MAMSA
Volume: 197Mix: 13.46%of portfolio
Place
Exceptional2
Hartford, CTMSA
Volume: 142Mix: 9.70%of portfolio
Place
Strong3
Cambridge, MAMSA
Volume: 169Mix: 11.54%of portfolio
Place
Strong4
Boston, MA, MAMSA
Volume: 107Mix: 7.31%of portfolio
Place
Strong5
Baltimore, MDMSA
Volume: 120Mix: 8.20%of portfolio
Place
Strong6
Worcester, MA, MAMSA
Volume: 56Mix: 3.83%of portfolio
Place
Strong7
Orlando, FLMSA
Volume: 115Mix: 7.86%of portfolio
Place
Strong8
Florence, SC, SCMSA
Volume: 28Mix: 1.91%of portfolio
Place
Strong9
Manchester, NHMSA
Volume: 37Mix: 2.53%of portfolio
Place
Strong10
Washington, DC, DC-MDMSA
Volume: 31Mix: 2.12%of portfolio
Place
SoundShowing 10 of 24 metro areas
Top States by Place Specialization Score
1
MAState
Volume: 403Mix: 27.53%of portfolio
Place
Strong2
RIState
Volume: 150Mix: 10.25%of portfolio
Place
Strong3
CTState
Volume: 175Mix: 11.95%of portfolio
Place
Strong4
MDState
Volume: 183Mix: 12.50%of portfolio
Place
Strong5
NHState
Volume: 89Mix: 6.08%of portfolio
Place
Strong6
FLState
Volume: 237Mix: 16.19%of portfolio
Place
Strong7
SCState
Volume: 73Mix: 4.99%of portfolio
Place
Strong8
PAState
Volume: 45Mix: 3.07%of portfolio
Place
Sound9
CAState
Volume: 41Mix: 2.80%of portfolio
Place
Sound10
DEState
Volume: 14Mix: 0.96%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.