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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
Promptness
Not enough data
—/5
No quote responses measured yet
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
2/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
563 loans · 0.21% above market
Strong
Top 40% of lenders
4/5
FHA
228 loans · 0.60% above market
Strong
Top 40% of lenders
4/5
VA
67 loans · 0.59% below market
Strong
Top 40% of lenders
4/5
Jumbo
21 loans · 0.40% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
817 loans · 0.25% above market
Strong
Top 40% of lenders
4/5
Refinance
70 loans · 0.36% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Near-National · 14 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 | 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
27Full-year 2024 · HMDALoans originated
< 1010–2020–100100+None
Midwest9
IAILINMIMNMONDOHWI
South9
ARFLKYNCOKSCTNTXVA
West9
AZCACOIDNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 13 metro areas
Top States by Place Specialization Score
Showing 10 of 14 states
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.