We analyzed every closed loan from Bank of England — 3.5k loans across 5k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
National · 47 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
VA
Superstar
USDA
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Bank of England performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+42.4 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
1,852 loans · 0.45% above market
Strong
Top 40% of lenders
4/5
FHA
1,203 loans · 0.51% above market
Exceptional
Top 20% of lenders
5/5
VA
320 loans · 0.25% below market
Strong
Top 40% of lenders
4/5
Jumbo
18 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
USDA
89 loans · 0.34% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
3,147 loans · 0.43% above market
Strong
Top 40% of lenders
4/5
Refinance
335 loans · 0.40% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 48 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,852 | 53.2% | +0.452%Above | $2,771Fees | ||||
FHA Loans | 1,203 | 34.5% | +0.510%Above | $2,938Fees | ||||
VA Loans | 320 | 9.2% | -0.249%Below | $2,263Fees | ||||
Jumbo Loans | — | 18 | 0.5% | +0.241%Above | $1,157Fees | |||
USDA Loans | 89 | 2.6% | +0.341%Above | $2,326Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume1,852
Mix53.2%
Spread
+0.452%Above
Fees
$2,771Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume1,203
Mix34.5%
Spread
+0.510%Above
Fees
$2,938Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume320
Mix9.2%
Spread
-0.249%Below
Fees
$2,263Fees
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughAcceptable
Volume18
Mix0.5%
Spread
+0.241%Above
Fees
$1,157Fees
USDA Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughSound
Volume89
Mix2.6%
Spread
+0.341%Above
Fees
$2,326Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,147 | 90.4% | +0.428%Above | $2,816Fees | ||||
Refinance | 335 | 9.6% | +0.396%Above | $2,542Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume3,147
Mix90.4%
Spread
+0.428%Above
Fees
$2,816Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume335
Mix9.6%
Spread
+0.396%Above
Fees
$2,542Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,482
Applications
5,232
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.424%
vs. market APOR
Avg Net Fees
$2,783
Origination − Credits
Pullthrough Rate
66.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$322,881
Avg Borrower Income
$126,405
Avg Property Value
$390,172
Geographic Coverage
Geographic Performance
Metro Areas
47
markets with activity
States Served
48
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
48Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest11
IAILINKSMIMNMONDOHSDWI
South15
ALARFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 47 metro areas
Top States by Place Specialization Score
Showing 10 of 32 states
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.