P
We analyzed every closed loan from Planet Home Lending — 4.7k loans across 6k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
National · 49 mkts
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Refinance Superstar
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Safe Rate's 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
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Planet Home Lending, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +28.4 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Industry Standard Top 60% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,036 | 42.9% | +0.296%Above | $2,931Fees | ||||
FHA Loans | 1,622 | 34.2% | +0.482%Above | $2,874Fees | ||||
VA Loans | 937 | 19.7% | -0.202%Below | $3,017Fees | ||||
Jumbo Loans | — | 21 | 0.4% | +0.669%Above | $872Fees | |||
USDA Loans | 130 | 2.7% | +0.276%Above | $2,344Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,524 | 74.3% | +0.358%Above | $2,939Fees | ||||
Refinance | 1,222 | 25.7% | +0.102%Above | $2,838Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,746
Applications
6,485
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.284%
vs. market APOR
Avg Net Fees
$2,910
Origination − Credits
Pullthrough Rate
73.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$328,021
Avg Borrower Income
$125,290
Avg Property Value
$411,233
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Shreveport, LAMSA
Volume: 129Mix: 2.72%of portfolio
Place
Exceptional2
Wichita, KS, KSMSA
Volume: 130Mix: 2.74%of portfolio
Place
Strong3
Dallas, TXMSA
Volume: 213Mix: 4.49%of portfolio
Place
Strong4
Coeur d'Alene, ID, IDMSA
Volume: 59Mix: 1.24%of portfolio
Place
Strong5
Milwaukee, WIMSA
Volume: 118Mix: 2.49%of portfolio
Place
Strong6
Huntsville, AL, ALMSA
Volume: 72Mix: 1.52%of portfolio
Place
Strong7
Denver, COMSA
Volume: 148Mix: 3.12%of portfolio
Place
Strong8
Allentown, PA-NJMSA
Volume: 60Mix: 1.26%of portfolio
Place
Strong9
Fort Worth, TXMSA
Volume: 93Mix: 1.96%of portfolio
Place
Strong10
Riverside, CAMSA
Volume: 128Mix: 2.70%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
KSState
Volume: 178Mix: 3.75%of portfolio
Place
Strong2
LAState
Volume: 279Mix: 5.88%of portfolio
Place
Strong3
TXState
Volume: 549Mix: 11.57%of portfolio
Place
Strong4
WIState
Volume: 260Mix: 5.48%of portfolio
Place
Strong5
MSState
Volume: 178Mix: 3.75%of portfolio
Place
Strong6
FLState
Volume: 509Mix: 10.72%of portfolio
Place
Strong7
COState
Volume: 238Mix: 5.01%of portfolio
Place
Strong8
PAState
Volume: 233Mix: 4.91%of portfolio
Place
Strong9
ALState
Volume: 145Mix: 3.06%of portfolio
Place
Strong10
CAState
Volume: 361Mix: 7.61%of portfolio
Place
StrongShowing 10 of 38 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.