R
Rocket Mortgage's 266.4k closed loans and 363k applications, benchmarked 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
Place
Exceptional
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- 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
Rocket Mortgage, LLC performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +33.4 bps above market avg | |
Pull Through Closing strength | Market Leader Top 10% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 5% of lenders | |
FHA | Market Leader Top 5% of lenders | |
VA | Market Leader Top 5% of lenders | |
Jumbo | Market Leader Top 5% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 5% of lenders | |
Refinance | Market Leader Top 5% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Market Leader Top 10% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 180,718 | 67.8% | +0.321%Above | $3,749Fees | ||||
FHA Loans | 60,784 | 22.8% | +0.525%Above | $4,173Fees | ||||
VA Loans | 22,011 | 8.3% | -0.207%Below | $4,521Fees | ||||
Jumbo Loans | 2,898 | 1.1% | +0.208%Above | $3,064Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 132,734 | 49.8% | +0.279%Above | $3,418Fees | ||||
Refinance | 133,677 | 50.2% | +0.410%Above | $4,515Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
266,411
Applications
363,152
Volume
$84 billion
Pricing & Closing
Avg Rate Spread
+0.334%
vs. market APOR
Avg Net Fees
$3,881
Origination − Credits
Pullthrough Rate
73.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$318,498
Avg Borrower Income
$131,668
Avg Property Value
$444,933
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
Atlanta, GAMSA
Volume: 6,570Mix: 2.47%of portfolio
Place
Exceptional2
Pittsburgh, PA, PAMSA
Volume: 2,335Mix: 0.88%of portfolio
Place
Exceptional3
Marietta, GA, GAMSA
Volume: 1,796Mix: 0.67%of portfolio
Place
Exceptional4
Oakland, CAMSA
Volume: 2,341Mix: 0.88%of portfolio
Place
Exceptional5
Charlotte, NC-SCMSA
Volume: 3,911Mix: 1.47%of portfolio
Place
Exceptional6
Detroit, MIMSA
Volume: 3,175Mix: 1.19%of portfolio
Place
Exceptional7
Lakewood, NJMSA
Volume: 2,121Mix: 0.80%of portfolio
Place
Exceptional8
Montgomery County, PAMSA
Volume: 1,398Mix: 0.52%of portfolio
Place
Exceptional9
Fort Worth, TXMSA
Volume: 2,308Mix: 0.87%of portfolio
Place
Exceptional10
Los Angeles, CAMSA
Volume: 5,129Mix: 1.93%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 13,981Mix: 5.25%of portfolio
Place
Exceptional2
PAState
Volume: 11,053Mix: 4.15%of portfolio
Place
Exceptional3
VAState
Volume: 8,280Mix: 3.11%of portfolio
Place
Exceptional4
SCState
Volume: 5,799Mix: 2.18%of portfolio
Place
Exceptional5
NJState
Volume: 6,687Mix: 2.51%of portfolio
Place
Exceptional6
KSState
Volume: 2,363Mix: 0.89%of portfolio
Place
Exceptional7
ALState
Volume: 4,227Mix: 1.59%of portfolio
Place
Exceptional8
WVState
Volume: 1,554Mix: 0.58%of portfolio
Place
Exceptional9
MIState
Volume: 14,284Mix: 5.36%of portfolio
Place
Exceptional10
TXState
Volume: 21,383Mix: 8.03%of portfolio
Place
ExceptionalShowing 10 of 51 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.