We analyzed every closed loan from Network Funding — 2.5k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Near-National · 18 mkts
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Network Funding performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
USDA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 19 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | — | 1,705 | 67.3% | — | — | |||
FHA Loans | — | 546 | 21.6% | — | — | |||
VA Loans | — | 229 | 9.0% | — | — | |||
Jumbo Loans | — | 32 | 1.3% | — | — | |||
USDA Loans | — | 20 | 0.8% | — | — |
Conventional
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume1,705
Mix67.3%
Spread—
Fees—
FHA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume546
Mix21.6%
Spread—
Fees—
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume229
Mix9.0%
Spread—
Fees—
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume32
Mix1.3%
Spread—
Fees—
USDA Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughAcceptable
Volume20
Mix0.8%
Spread—
Fees—
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | — | 2,000 | 79.0% | — | — | |||
Refinance | — | 532 | 21.0% | — | — |
Purchase
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume2,000
Mix79.0%
Spread—
Fees—
Refinance
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume532
Mix21.0%
Spread—
Fees—
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,532
Applications
4,294
Volume
$868 million
Pricing & Closing
Pullthrough Rate
59.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$342,923
Avg Borrower Income
$167,105
Avg Property Value
$457,905
Geographic Coverage
Geographic Performance
Metro Areas
18
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
26Northeast3
MAPARI
Midwest3
ILMIOH
South12
ALARFLGALAMSNCOKSCTNTXVA
West8
AZCOIDMTNMUTWAWY
Top Metro Areas by Place Specialization Score
Volume 885Mix 34.95% of portfolio
88/100
Exceptional
Volume 320Mix 12.64% of portfolio
83/100
Exceptional
Volume 281Mix 11.10% of portfolio
75/100
Strong
4© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 150Mix 5.92% of portfolio
73/100
Strong
Volume 177Mix 6.99% of portfolio
70/100
Strong
Volume 76Mix 3.00% of portfolio
69/100
Strong
Volume 84Mix 3.32% of portfolio
65/100
Strong
Volume 38Mix 1.50% of portfolio
65/100
Strong
Volume 32Mix 1.26% of portfolio
59/100
Sound
Volume 29Mix 1.15% of portfolio
55/100
SoundShowing 10 of 18 metro areas
Top States by Place Specialization Score
1
TexasState
Volume 2,103Mix 83.06% of portfolio
88/100
Exceptional2
South CarolinaState
Volume 117Mix 4.62% of portfolio
65/100
Strong3
FloridaState
Volume 129Mix 5.09% of portfolio
57/100
Sound4
ColoradoState
Volume 47Mix 1.86% of portfolio
51/100
Sound5
UtahState
Volume 32Mix 1.26% of portfolio
50/100
Sound6
OklahomaState
Volume 24Mix 0.95% of portfolio
47/100
Sound7
LouisianaState
Volume 22Mix 0.87% of portfolio
46/100
SoundHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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.
Looking for a different lender?
Are you the owner of Network Funding?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.