Get & compare mortgage quotes anonymously Start in My Home
PLS
Unclaimed

Preferred Lending Services

Independent Mortgage Company•Wilmington, DEHQ•Direct•Reviews near you on Google

Preferred Lending Services has 131 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Sound
3/5
FHA · Conventional
Place
Strong
4/5
Regional · 3 mkts

Safe Rate Summary

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

Preferred Lending Services performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+34.4 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Acceptable
Bottom 40% of lenders
FHA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 3 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Acceptable
Pricing
Acceptable
Pull Through
Sound
Volume104
Mix79.4%
Spread
+0.364%Above
Fees
$2,603Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through
Strong
Volume18
Mix13.7%
Spread
+0.568%Above
Fees
$3,617Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume124
Mix94.7%
Spread
+0.351%Above
Fees
$2,757Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
131
Applications
178
Volume
$42 million
Pricing & Closing
Avg Rate Spread
+0.344%
vs. market APOR
Avg Net Fees
$2,814
Origination − Credits
Pullthrough Rate
73.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$324,237
Avg Borrower Income
$134,107
Avg Property Value
$405,305

Geographic Coverage

Geographic Performance

Metro Areas
3
markets with activity
States Served
2
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

2
2 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
South2
FLMD

Top Metro Areas by Place Specialization Score

1© Jrozwado · CC BY-SA 4.0
St. Petersburg, FLMetro
Volume 38Mix 29.01% of portfolio
68/100
Strong
2© Interface Multimedia, Inc. · CC BY-SA 4.0
Tampa, FLMetro
Volume 56Mix 42.75% of portfolio
67/100
Strong
3© Butter142 · CC BY-SA 4.0
Lakeland, FLMetro
Volume 13Mix 9.92% of portfolio
51/100
Sound

Top States by Place Specialization Score

Florida
Florida
1
FloridaState
Volume 128Mix 97.71% of portfolio
67/100
Strong

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.

Looking for a different lender?

Are you the owner of Preferred Lending Services?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile
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.