Real-time view of the PortKey portability network
Homes Unlocked
4,218
+23% this month
Total Ported Balance
$1.84B
+$78M this month
Lenders in Network
5
+1 pending onboard
Avg Homeowner Savings
$1,240/mo
vs full refi at 7.25%
Total ported balance originated per month ($M)
Partner banks & credit unions
Wells Fargo
50 states · 312 ports
JPMorgan Chase
48 states · 287 ports
Bank of America
46 states · 241 ports
US Bancorp
26 states · 178 ports
PNC Financial
22 states · 143 ports
How PortKey monetizes each portability transaction
Stream 1
Per port0.25%
Platform fee on ported balance
Charged to lender at closing. On a $320K ported balance: ~$800/transaction.
Stream 2
Per gap loan0.50%
Origination fee on gap loans
PortKey originates the gap loan. On a $180K gap loan: ~$900/transaction.
Stream 3
Recurring15 bps
Annual servicing spread
Retained on loans PortKey services. On $1.84B ported: ~$2.76M/yr.
Revenue per transaction
~$1,700
platform fee + origination
Network revenue (LTM)
$7.4M
all three streams combined
Gross margin
~82%
software-like unit economics
Payback period
<6 mo
CAC recovered within first port
Why portability is a compelling product right now
28M+
US homeowners with rates below 4%
~3.5%
Average existing mortgage rate in the PortKey network
$1,100
Median monthly savings vs. refinancing at 7.25%