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Network Funding, L.p.

Independent Mortgage CompanyDallas, TXDirect to Consumer

We analyzed every closed loan from Network Funding LP 2.5k loans across 4k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Near-National · 18 mkts

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Safe Rate's Summary

What They Do Well

  • Particularly strong in Conventional and FHA and VA and Jumbo loans
  • Nationwide availability with consistent service

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Report Card

Network Funding, L.p. performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
N/A
No peer data
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Strong
Highly Competitive
Top 40% of lenders
USDA
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Near-National19 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Sound
1,70567.3%
FHA Loans
Strong
Strong
Strong
54621.6%
VA Loans
Strong
Strong
Strong
2299.0%
Jumbo Loans
Sound
Strong
Sound
321.3%
USDA Loans
Acceptable
Sound
Acceptable
200.8%

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Strong
Sound
2,00079.0%
Refinance
Sound
Strong
Sound
53221.0%

At a Glance

Lender Overview

Lending Activity
Loans Originated
2,532
Applications
4,294
Volume
$868 million
Typical Borrower
Avg Loan Amount
$342,923
Avg Borrower Income
$167,105
Avg Property Value
$457,905

Geographic Coverage

Geographic Performance

Metro Areas
18
States Served
26
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Houston, TXMSA
Volume: 885Mix: 34.95%of portfolio
Place
Exceptional
2
Austin, TXMSA
Volume: 320Mix: 12.64%of portfolio
Place
Exceptional
3
Dallas, TXMSA
Volume: 281Mix: 11.10%of portfolio
Place
Strong
4
Fort Worth, TXMSA
Volume: 150Mix: 5.92%of portfolio
Place
Strong
5
San Antonio, TXMSA
Volume: 177Mix: 6.99%of portfolio
Place
Strong
6
Greenville, SCMSA
Volume: 76Mix: 3.00%of portfolio
Place
Strong
7
Jacksonville, FL, FLMSA
Volume: 84Mix: 3.32%of portfolio
Place
Strong
8
Waco, TX, TXMSA
Volume: 38Mix: 1.50%of portfolio
Place
Strong
9
Spartanburg, SC, SCMSA
Volume: 32Mix: 1.26%of portfolio
Place
Sound
10
Killeen, TXMSA
Volume: 29Mix: 1.15%of portfolio
Place
Sound
Showing 10 of 18 metro areas

Top States by Place Specialization Score

1
TXState
Volume: 2,103Mix: 83.06%of portfolio
Place
Exceptional
2
SCState
Volume: 117Mix: 4.62%of portfolio
Place
Strong
3
FLState
Volume: 129Mix: 5.09%of portfolio
Place
Sound
4
COState
Volume: 47Mix: 1.86%of portfolio
Place
Sound
5
UTState
Volume: 32Mix: 1.26%of portfolio
Place
Sound
6
OKState
Volume: 24Mix: 0.95%of portfolio
Place
Sound
7
LAState
Volume: 22Mix: 0.87%of portfolio
Place
Sound

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.