Verified Profile
Quotes 100% of requests
Vellum Mortgage
Phone
571-830-2800NMLS Number1657323
Years in Business8 Years
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
Promptness
Exceptional
5/5
Answers 100% of recent requests
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
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
939 loans · 0.21% above market
Strong
Top 40% of lenders
4/5
FHA
264 loans · 0.60% above market
Strong
Top 40% of lenders
4/5
VA
123 loans · 0.36% below market
Strong
Top 40% of lenders
4/5
Jumbo
25 loans · 0.24% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
1,248 loans · 0.25% above market
Strong
Top 40% of lenders
4/5
Refinance
105 loans · 0.12% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 13 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 | 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
17Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast3
MANJPA
South10
DCFLGAMDNCSCTNTXVAWV
West4
AZCAIDOR
Top Metro Areas by Place Specialization Score
Showing 10 of 12 metro areas
Top States by Place Specialization Score
Verified Loan Officers
John Downs
Verified Loan Officer
NMLS #476406
Kyler Hamlin
Verified Loan Officer
NMLS #2802021
Shannon Leydig
Verified Loan Officer
NMLS #197958
Victor Medina
Verified Loan Officer
NMLS #2693252
Verified Product Offerings
Asset-BasedAsset DepletionBank StatementConventionalDSCRFHAForeign NationalHELOCsITINJumboNon-Warrantable Condos2nd LiensUSDAVA
Loan Process Features
Fully Digital Application
Online Loan Portal
Digital Verification of Assets
Digital Verification of Income
Digital Verification of Employment
Single Point of Contact throughout Loan
In-house Underwriting
Hybrid Closing Available
Languages Spoken
English
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.