On Q Financial
We analyzed every closed loan from On Q Financial — 887 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
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Near-National · 13 mkts
Awards
VA
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
On Q Financial performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+26.0 bps above market avg
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
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 14 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 | 563 | 63.5% | +0.208%Above | $3,000Fees | ||||
FHA Loans | 228 | 25.7% | +0.599%Above | $3,710Fees | ||||
VA Loans | 67 | 7.6% | -0.590%Below | $1,961Fees | ||||
Jumbo Loans | — | 21 | 2.4% | +0.398%Above | $1,895Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume563
Mix63.5%
Spread
+0.208%Above
Fees
$3,000Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume228
Mix25.7%
Spread
+0.599%Above
Fees
$3,710Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume67
Mix7.6%
Spread
-0.590%Below
Fees
$1,961Fees
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughAcceptable
Volume21
Mix2.4%
Spread
+0.398%Above
Fees
$1,895Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 817 | 92.1% | +0.249%Above | $3,137Fees | ||||
Refinance | 70 | 7.9% | +0.365%Above | $2,580Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume817
Mix92.1%
Spread
+0.249%Above
Fees
$3,137Fees
Refinance
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume70
Mix7.9%
Spread
+0.365%Above
Fees
$2,580Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
887
Applications
1,389
Volume
$355 million
Pricing & Closing
Avg Rate Spread
+0.260%
vs. market APOR
Avg Net Fees
$3,088
Origination − Credits
Pullthrough Rate
63.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$401,032
Avg Borrower Income
$144,956
Avg Property Value
$522,170
Geographic Coverage
Geographic Performance
Metro Areas
13
markets with activity
States Served
27
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
27Midwest9
IAILINMIMNMONDOHWI
South9
ARFLKYNCOKSCTNTXVA
West9
AZCACOIDNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 55Mix 6.20% of portfolio
80/100
Strong
Volume 224Mix 25.25% of portfolio
74/100
Strong
Volume 64Mix 7.22% of portfolio
69/100
Strong
Volume 67Mix 7.55% of portfolio
65/100
Strong
Volume 37Mix 4.17% of portfolio
60/100
Strong
Volume 36Mix 4.06% of portfolio
57/100
Sound
Volume 42Mix 4.74% of portfolio
57/100
Sound
Volume 24Mix 2.71% of portfolio
55/100
Sound
Volume 18Mix 2.03% of portfolio
51/100
Sound
Volume 18Mix 2.03% of portfolio
51/100
SoundShowing 10 of 13 metro areas
Top States by Place Specialization Score
1
ArizonaState
Volume 237Mix 26.72% of portfolio
73/100
Strong2
WashingtonState
Volume 135Mix 15.22% of portfolio
69/100
Strong3
South CarolinaState
Volume 93Mix 10.48% of portfolio
65/100
Strong4
UtahState
Volume 83Mix 9.36% of portfolio
63/100
Strong5
North CarolinaState
Volume 81Mix 9.13% of portfolio
58/100
Sound6
CaliforniaState
Volume 85Mix 9.58% of portfolio
55/100
Sound7
MissouriState
Volume 27Mix 3.04% of portfolio
48/100
Sound8
ArkansasState
Volume 20Mix 2.25% of portfolio
47/100
Sound9
IndianaState
Volume 20Mix 2.25% of portfolio
44/100
Sound10
KentuckyState
Volume 13Mix 1.47% of portfolio
42/100
SoundShowing 10 of 14 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.