We analyzed every closed loan from 1st Source Bank — 491 loans across 734 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 · Jumbo
Place
Strong
4/5
Regional · 6 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Explore another lender or local market
Report Card
1st Source Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+37.5 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
445 loans · 0.34% above market
Strong
Top 40% of lenders
4/5
FHA
19 loans · 1.16% above market
Sound
Top 60% of lenders
3/5
Jumbo
23 loans · 0.26% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
361 loans · 0.35% above market
Strong
Top 40% of lenders
4/5
Refinance
130 loans · 0.44% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Regional · 7 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 445 | 90.6% | +0.345%Above | $1,052Fees | ||||
FHA Loans | — | 19 | 3.9% | +1.161%Above | $1,584Fees | |||
Jumbo Loans | — | 23 | 4.7% | +0.260%Above | $838Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume445
Mix90.6%
Spread
+0.345%Above
Fees
$1,052Fees
FHA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume19
Mix3.9%
Spread
+1.161%Above
Fees
$1,584Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume23
Mix4.7%
Spread
+0.260%Above
Fees
$838Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 361 | 73.5% | +0.352%Above | $942Fees | ||||
Refinance | 130 | 26.5% | +0.444%Above | $1,441Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume361
Mix73.5%
Spread
+0.352%Above
Fees
$942Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume130
Mix26.5%
Spread
+0.444%Above
Fees
$1,441Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
491
Applications
734
Volume
$136 million
Pricing & Closing
Avg Rate Spread
+0.375%
vs. market APOR
Avg Net Fees
$1,068
Origination − Credits
Pullthrough Rate
66.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$278,971
Avg Borrower Income
$160,104
Avg Property Value
$377,322
Geographic Coverage
Geographic Performance
Metro Areas
6
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
4Full-year 2024 · HMDALoans originated
< 5050+None
Midwest3
ILINMI
South1
FL
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
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 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.