Bank Independent has 299 closed loans in our dataset — fully analyzed and benchmarked against peers 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
Strong
4/5
FHA · Conventional · VA
Place
Exceptional
5/5
Regional · 3 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA loans
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Report Card
Bank Independent performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+17.8 bps above market avg
3/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
250 loans · 0.22% above market
Strong
Top 40% of lenders
4/5
FHA
24 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
VA
13 loans · 0.65% below market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
234 loans · 0.17% above market
Strong
Top 40% of lenders
4/5
Refinance
65 loans · 0.23% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Regional · 4 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 | 250 | 83.6% | +0.218%Above | $2,790Fees | ||||
FHA Loans | 24 | 8.0% | +0.239%Above | $2,476Fees | ||||
VA Loans | — | — | 13 | 4.3% | -0.646%Below | $2,545Fees |
Conventional
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume250
Mix83.6%
Spread
+0.218%Above
Fees
$2,790Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume24
Mix8.0%
Spread
+0.239%Above
Fees
$2,476Fees
VA Loans
OverallSound
ProductSound
Pricing—
Pull Through—
Volume13
Mix4.3%
Spread
-0.646%Below
Fees
$2,545Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 234 | 78.3% | +0.167%Above | $2,882Fees | ||||
Refinance | 65 | 21.7% | +0.234%Above | $2,408Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume234
Mix78.3%
Spread
+0.167%Above
Fees
$2,882Fees
Refinance
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume65
Mix21.7%
Spread
+0.234%Above
Fees
$2,408Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
299
Applications
391
Volume
$75 million
Pricing & Closing
Avg Rate Spread
+0.178%
vs. market APOR
Avg Net Fees
$2,804
Origination − Credits
Pullthrough Rate
76.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$253,194
Avg Borrower Income
$129,622
Avg Property Value
$370,485
Geographic Coverage
Geographic Performance
Metro Areas
3
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Exceptional
5/5
States with Loan Originations
5Full-year 2024 · HMDALoans originated
< 200200+None
South5
ALFLGANCTN
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.