Mortgage pipeline pull-through is calculated by dividing the number of loans that close by the number of originated loans. The formula for mortgage pipeline pull-through is as follows:
(Number of closed loans) / (Number of originated loans) * 100%
It represents the percentage of loans in a lender's pipeline that successfully close and is an essential metric for measuring the efficiency and effectiveness of the mortgage origination process.
It demonstrates the efficiency of a lender's mortgage origination process, as it indicates the proportion of loans that successfully moved from the origination stage to the closing stage. A higher pull-through rate suggests a more streamlined and effective process, while a lower pull-through rate may indicate inefficiencies or roadblocks in the process.
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