We analyzed every closed loan from Bay Equity — 9.5k loans across 14k 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
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Bay Equity performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+18.0 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
7,129 loans · 0.14% above market
Exceptional
Top 20% of lenders
5/5
FHA
1,423 loans · 0.56% above market
Exceptional
Top 20% of lenders
5/5
VA
718 loans · 0.27% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
171 loans · 0.32% above market
Strong
Top 40% of lenders
4/5
USDA
27 loans · 0.30% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
9,027 loans · 0.18% above market
Exceptional
Top 20% of lenders
5/5
Refinance
441 loans · 0.18% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 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 | 7,129 | 75.3% | +0.138%Above | $2,757Fees | ||||
FHA Loans | 1,423 | 15.0% | +0.561%Above | $3,406Fees | ||||
VA Loans | 718 | 7.6% | -0.274%Below | $2,816Fees | ||||
Jumbo Loans | 171 | 1.8% | +0.316%Above | $2,668Fees | ||||
USDA Loans | — | 27 | 0.3% | +0.297%Above | $3,164Fees |
Conventional
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume7,129
Mix75.3%
Spread
+0.138%Above
Fees
$2,757Fees
FHA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume1,423
Mix15.0%
Spread
+0.561%Above
Fees
$3,406Fees
VA Loans
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume718
Mix7.6%
Spread
-0.274%Below
Fees
$2,816Fees
Jumbo Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume171
Mix1.8%
Spread
+0.316%Above
Fees
$2,668Fees
USDA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughAcceptable
Volume27
Mix0.3%
Spread
+0.297%Above
Fees
$3,164Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 9,027 | 95.3% | +0.180%Above | $2,833Fees | ||||
Refinance | 441 | 4.7% | +0.177%Above | $3,234Fees |
Purchase
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume9,027
Mix95.3%
Spread
+0.180%Above
Fees
$2,833Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume441
Mix4.7%
Spread
+0.177%Above
Fees
$3,234Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
9,468
Applications
13,534
Volume
$3 billion
Pricing & Closing
Avg Rate Spread
+0.180%
vs. market APOR
Avg Net Fees
$2,852
Origination − Credits
Pullthrough Rate
70.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$413,057
Avg Borrower Income
$164,694
Avg Property Value
$542,225
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
49
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
49Full-year 2024 · HMDALoans originated
< 5050–200200–500500+None
Northeast8
CTMEMANHNJPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West12
AZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 41 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.