Vellum Mortgage
We analyzed every closed loan from Vellum Mortgage — 1.4k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 12 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Explore another lender or local market
Report Card
Vellum Mortgage performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+23.7 bps above market avg
Pull Through
Closing strength
Strong
Top 40% 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
Sound
Top 60% 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
Multi-Regional · 13 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 | 939 | 69.4% | +0.208%Above | $2,288Fees | ||||
FHA Loans | 264 | 19.5% | +0.600%Above | $3,319Fees | ||||
VA Loans | 123 | 9.1% | -0.361%Below | $2,149Fees | ||||
Jumbo Loans | — | 25 | 1.8% | +0.236%Above | $1,975Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume939
Mix69.4%
Spread
+0.208%Above
Fees
$2,288Fees
FHA Loans
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume264
Mix19.5%
Spread
+0.600%Above
Fees
$3,319Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume123
Mix9.1%
Spread
-0.361%Below
Fees
$2,149Fees
Jumbo Loans
OverallSound
ProductSound
Pricing—
Pull ThroughAcceptable
Volume25
Mix1.8%
Spread
+0.236%Above
Fees
$1,975Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,248 | 92.2% | +0.249%Above | $2,714Fees | ||||
Refinance | 105 | 7.8% | +0.122%Above | $10Credit |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,248
Mix92.2%
Spread
+0.249%Above
Fees
$2,714Fees
Refinance
OverallSound
ProductSound
PricingStrong
Pull ThroughStrong
Volume105
Mix7.8%
Spread
+0.122%Above
Fees
$10Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,353
Applications
1,645
Volume
$704 million
Pricing & Closing
Avg Rate Spread
+0.237%
vs. market APOR
Avg Net Fees
$2,456
Origination − Credits
Pullthrough Rate
82.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$520,381
Avg Borrower Income
$175,845
Avg Property Value
$667,291
Geographic Coverage
Geographic Performance
Metro Areas
12
markets with activity
States Served
17
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
17Northeast3
MANJPA
South10
DCFLGAMDNCSCTNTXVAWV
West4
AZCAIDOR
Top Metro Areas by Place Specialization Score
Volume 249Mix 18.40% of portfolio
88/100
Exceptional
Volume 254Mix 18.77% of portfolio
84/100
Exceptional
Volume 152Mix 11.23% of portfolio
83/100
Exceptional
Volume 288Mix 21.29% of portfolio
81/100
Exceptional
Volume 55Mix 4.07% of portfolio
67/100
Strong
Volume 102Mix 7.54% of portfolio
67/100
Strong
Volume 21Mix 1.55% of portfolio
53/100
Sound
Volume 15Mix 1.11% of portfolio
47/100
Sound
Volume 15Mix 1.11% of portfolio
47/100
Sound
Volume 18Mix 1.33% of portfolio
46/100
SoundShowing 10 of 12 metro areas
Top States by Place Specialization Score
1
MarylandState
Volume 469Mix 34.66% of portfolio
81/100
Exceptional2
VirginiaState
Volume 333Mix 24.61% of portfolio
78/100
Strong3
Washington, DCState
Volume 103Mix 7.61% of portfolio
78/100
Strong4
CaliforniaState
Volume 348Mix 25.72% of portfolio
69/100
Strong5
TexasState
Volume 36Mix 2.66% of portfolio
45/100
Sound6
West VirginiaState
Volume 10Mix 0.74% of portfolio
40/100
Acceptable7
FloridaState
Volume 20Mix 1.48% of portfolio
39/100
AcceptableHow 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.