We analyzed every closed loan from Banco Popular de Puerto Rico — 2.2k loans across 3k 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
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Exceptional
5/5
unknown · 6 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Champion
Jumbo
Champion
Conventional
Superstar
VA
Superstar
USDA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Explore another lender or local market
Report Card
Banco Popular de Puerto Rico performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+21.2 bps above market avg
3/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
976 loans · 0.59% above market
Exceptional
Top 20% of lenders
5/5
FHA
790 loans · 0.20% below market
Exceptional
Top 20% of lenders
5/5
VA
180 loans · 0.65% below market
Strong
Top 40% of lenders
4/5
Jumbo
73 loans · 0.26% below market
Exceptional
Top 20% of lenders
5/5
USDA
153 loans · 0.03% below market
Exceptional
Top 10% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
1,934 loans · 0.16% above market
Exceptional
Top 20% of lenders
5/5
Refinance
238 loans · 0.56% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Varies · 7 markets
Exceptional
Top 20% of lenders
5/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 976 | 44.9% | +0.589%Above | $2,657Fees | ||||
FHA Loans | 790 | 36.4% | -0.197%Below | $1,974Fees | ||||
VA Loans | 180 | 8.3% | -0.645%Below | $2,453Fees | ||||
Jumbo Loans | 73 | 3.4% | -0.261%Below | $1,137Fees | ||||
USDA Loans | 153 | 7.0% | -0.025%Below | $2,416Fees |
Conventional
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughExceptional
Volume976
Mix44.9%
Spread
+0.589%Above
Fees
$2,657Fees
FHA Loans
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume790
Mix36.4%
Spread
-0.197%Below
Fees
$1,974Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume180
Mix8.3%
Spread
-0.645%Below
Fees
$2,453Fees
Jumbo Loans
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume73
Mix3.4%
Spread
-0.261%Below
Fees
$1,137Fees
USDA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume153
Mix7.0%
Spread
-0.025%Below
Fees
$2,416Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,934 | 89.0% | +0.162%Above | $2,325Fees | ||||
Refinance | 238 | 11.0% | +0.564%Above | $2,694Fees |
Purchase
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume1,934
Mix89.0%
Spread
+0.162%Above
Fees
$2,325Fees
Refinance
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume238
Mix11.0%
Spread
+0.564%Above
Fees
$2,694Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,172
Applications
3,266
Volume
$554 million
Pricing & Closing
Avg Rate Spread
+0.212%
vs. market APOR
Avg Net Fees
$2,371
Origination − Credits
Pullthrough Rate
66.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$255,387
Avg Borrower Income
$144,012
Avg Property Value
$327,353
Geographic Coverage
Geographic Performance
Metro Areas
6
markets with activity
States Served
0
of 50 states + DC
Avg Place Specialization
Exceptional
5/5
Top Metro Areas by Place Specialization Score
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.