We analyzed every closed loan from Bank Five Nine — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 8 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
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Report Card
Bank Five Nine performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+20.4 bps above market avg
4/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
912 loans · 0.22% above market
Strong
Top 40% of lenders
4/5
FHA
97 loans · 0.44% above market
Strong
Top 40% of lenders
4/5
VA
59 loans · 0.38% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
921 loans · 0.21% above market
Strong
Top 40% of lenders
4/5
Refinance
149 loans · 0.14% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 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 | 912 | 85.2% | +0.217%Above | $988Fees | ||||
FHA Loans | 97 | 9.1% | +0.442%Above | $1,090Fees | ||||
VA Loans | 59 | 5.5% | -0.383%Below | $1,815Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume912
Mix85.2%
Spread
+0.217%Above
Fees
$988Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume97
Mix9.1%
Spread
+0.442%Above
Fees
$1,090Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughExceptional
Volume59
Mix5.5%
Spread
-0.383%Below
Fees
$1,815Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 921 | 86.1% | +0.214%Above | $1,094Fees | ||||
Refinance | 149 | 13.9% | +0.143%Above | $748Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume921
Mix86.1%
Spread
+0.214%Above
Fees
$1,094Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume149
Mix13.9%
Spread
+0.143%Above
Fees
$748Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,070
Applications
1,310
Volume
$317 million
Pricing & Closing
Avg Rate Spread
+0.204%
vs. market APOR
Avg Net Fees
$1,043
Origination − Credits
Pullthrough Rate
81.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$296,280
Avg Borrower Income
$125,273
Avg Property Value
$388,850
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
16Full-year 2024 · HMDALoans originated
< 1,0001,000+None
Midwest7
ILINKSMIMNMOWI
South6
ALFLGASCTNTX
West3
AZCOWA
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.