Norwich Commercial Group
We analyzed every closed loan from Norwich Commercial Group — 2.4k 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
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Near-National · 33 mkts
Awards
FHA
Superstar
VA
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Norwich Commercial Group performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+30.4 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
USDA
Exceptional
Top 20% 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 · 34 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 | 1,594 | 67.3% | +0.359%Above | $2,503Fees | ||||
FHA Loans | 557 | 23.5% | +0.455%Above | $2,546Fees | ||||
VA Loans | 174 | 7.3% | -0.548%Below | $1,029Fees | ||||
USDA Loans | — | 42 | 1.8% | -0.105%Below | $1,423Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume1,594
Mix67.3%
Spread
+0.359%Above
Fees
$2,503Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughSound
Volume557
Mix23.5%
Spread
+0.455%Above
Fees
$2,546Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume174
Mix7.3%
Spread
-0.548%Below
Fees
$1,029Fees
USDA Loans
OverallStrong
ProductExceptional
Pricing—
Pull ThroughSound
Volume42
Mix1.8%
Spread
-0.105%Below
Fees
$1,423Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,141 | 90.4% | +0.336%Above | $2,444Fees | ||||
Refinance | 228 | 9.6% | +0.031%Above | $1,797Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume2,141
Mix90.4%
Spread
+0.336%Above
Fees
$2,444Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume228
Mix9.6%
Spread
+0.031%Above
Fees
$1,797Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,369
Applications
3,665
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.304%
vs. market APOR
Avg Net Fees
$2,375
Origination − Credits
Pullthrough Rate
64.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$430,597
Avg Borrower Income
$159,994
Avg Property Value
$534,181
Geographic Coverage
Geographic Performance
Metro Areas
33
markets with activity
States Served
38
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
38Northeast9
CTMEMANHNJNYPARIVT
Midwest5
ILINMIOHWI
South16
ALDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West8
AKAZCACOIDORUTWA
Top Metro Areas by Place Specialization Score
Volume 169Mix 7.13% of portfolio
84/100
Exceptional
Volume 376Mix 15.87% of portfolio
80/100
Strong
Volume 170Mix 7.18% of portfolio
77/100
Strong
Volume 66Mix 2.79% of portfolio
71/100
Strong
Volume 109Mix 4.60% of portfolio
69/100
Strong
Volume 93Mix 3.93% of portfolio
69/100
Strong
Volume 126Mix 5.32% of portfolio
69/100
Strong
Volume 52Mix 2.20% of portfolio
66/100
Strong
Volume 64Mix 2.70% of portfolio
65/100
Strong
Volume 46Mix 1.94% of portfolio
64/100
StrongShowing 10 of 33 metro areas
Top States by Place Specialization Score
1
New YorkState
Volume 705Mix 29.76% of portfolio
82/100
Exceptional2
ConnecticutState
Volume 374Mix 15.79% of portfolio
80/100
Strong3
New JerseyState
Volume 238Mix 10.05% of portfolio
73/100
Strong4
MassachusettsState
Volume 171Mix 7.22% of portfolio
68/100
Strong5
CaliforniaState
Volume 136Mix 5.74% of portfolio
57/100
Sound6
PennsylvaniaState
Volume 79Mix 3.33% of portfolio
57/100
Sound7
ArizonaState
Volume 66Mix 2.79% of portfolio
55/100
Sound8
FloridaState
Volume 112Mix 4.73% of portfolio
55/100
Sound9
MaineState
Volume 35Mix 1.48% of portfolio
53/100
Sound10
MarylandState
Volume 49Mix 2.07% of portfolio
53/100
SoundShowing 10 of 22 states
How 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.