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We analyzed every closed loan from NextMortgage — 422 loans across 680 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 6 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Particularly strong in FHA and VA loans
Things to Think About
- Rates typically 59 basis points above market average
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
NextMortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+59.1 bps above market avg
1/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
264 loans · 0.50% above market
Sound
Top 60% of lenders
3/5
FHA
121 loans · 0.97% above market
Strong
Top 40% of lenders
4/5
VA
36 loans · 0.41% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
394 loans · 0.58% above market
Strong
Top 40% of lenders
4/5
Refinance
28 loans · 0.76% above market
Acceptable
Bottom 40% of lenders
2/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 264 | 62.6% | +0.500%Above | $3,590Fees | ||||
FHA Loans | 121 | 28.7% | +0.972%Above | $4,788Fees | ||||
VA Loans | — | 36 | 8.5% | +0.415%Above | $3,104Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume264
Mix62.6%
Spread
+0.500%Above
Fees
$3,590Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume121
Mix28.7%
Spread
+0.972%Above
Fees
$4,788Fees
VA Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume36
Mix8.5%
Spread
+0.415%Above
Fees
$3,104Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 394 | 93.4% | +0.577%Above | $3,864Fees | ||||
Refinance | 28 | 6.6% | +0.761%Above | $3,136Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume394
Mix93.4%
Spread
+0.577%Above
Fees
$3,864Fees
Refinance
OverallMediocre
ProductAcceptable
PricingMediocre
Pull ThroughMediocre
Volume28
Mix6.6%
Spread
+0.761%Above
Fees
$3,136Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
422
Applications
680
Volume
$134 million
Pricing & Closing
Avg Rate Spread
+0.591%
vs. market APOR
Avg Net Fees
$3,806
Origination − Credits
Pullthrough Rate
62.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$319,194
Avg Borrower Income
$124,754
Avg Property Value
$377,630
Geographic Coverage
Geographic Performance
Metro Areas
6
markets with activity
States Served
13
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
13Full-year 2024 · HMDALoans originated
< 1010–5050+None
Northeast1
ME
Midwest2
MNND
South9
FLLAMSNCSCTNTXVAWV
West1
CO
Top States by Place Specialization Score
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps: Pricing, Product, Pull-Through, Place, and Promptness. Promptness measures how quickly a lender answers real shopper quote requests; a lender with none measured yet is counted at an estimate.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary Safe Rate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
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.