New Fed Mortgage
We analyzed every closed loan from New Fed Mortgage — 843 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Multi-Region · 16 mkts
Awards
FHA
Superstar
VA
Superstar
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
New Fed Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+38.1 bps above market avg
Pull Through
Closing strength
Strong
Top 40% 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
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 17 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 | 585 | 69.4% | +0.367%Above | $2,883Fees | ||||
FHA Loans | 213 | 25.3% | +0.555%Above | $3,235Fees | ||||
VA Loans | 39 | 4.6% | -0.315%Below | $3,411Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume585
Mix69.4%
Spread
+0.367%Above
Fees
$2,883Fees
FHA Loans
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume213
Mix25.3%
Spread
+0.555%Above
Fees
$3,235Fees
VA Loans
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume39
Mix4.6%
Spread
-0.315%Below
Fees
$3,411Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 717 | 85.1% | +0.409%Above | $3,125Fees | ||||
Refinance | 126 | 14.9% | +0.232%Above | $2,201Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume717
Mix85.1%
Spread
+0.409%Above
Fees
$3,125Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume126
Mix14.9%
Spread
+0.232%Above
Fees
$2,201Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
843
Applications
1,017
Volume
$340 million
Pricing & Closing
Avg Rate Spread
+0.381%
vs. market APOR
Avg Net Fees
$2,980
Origination − Credits
Pullthrough Rate
82.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$403,837
Avg Borrower Income
$155,673
Avg Property Value
$520,658
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
16Northeast7
CTMEMANHNJPARI
Midwest1
IL
South8
DEFLMDNCOKSCTXVA
Top Metro Areas by Place Specialization Score
Volume 64Mix 7.59% of portfolio
82/100
Exceptional
Volume 217Mix 25.74% of portfolio
80/100
Strong
Volume 106Mix 12.57% of portfolio
72/100
Strong
Volume 44Mix 5.22% of portfolio
65/100
Strong
Volume 26Mix 3.08% of portfolio
58/100
Sound
Volume 27Mix 3.20% of portfolio
57/100
Sound
Volume 42Mix 4.98% of portfolio
56/100
Sound
Volume 30Mix 3.56% of portfolio
55/100
Sound
Volume 22Mix 2.61% of portfolio
51/100
Sound
Volume 19Mix 2.25% of portfolio
50/100
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
MassachusettsState
Volume 379Mix 44.96% of portfolio
80/100
Strong2
New HampshireState
Volume 78Mix 9.25% of portfolio
68/100
Strong3
TexasState
Volume 175Mix 20.76% of portfolio
64/100
Strong4
OklahomaState
Volume 65Mix 7.71% of portfolio
61/100
Strong5
DelawareState
Volume 33Mix 3.91% of portfolio
56/100
Sound6
South CarolinaState
Volume 22Mix 2.61% of portfolio
47/100
Sound7
FloridaState
Volume 27Mix 3.20% of portfolio
43/100
Sound8
North CarolinaState
Volume 18Mix 2.14% of portfolio
42/100
Sound9
New JerseyState
Volume 14Mix 1.66% of portfolio
41/100
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.
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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.