We analyzed every closed loan from BMO Bank National Association — 6.2k loans across 11k 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
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Jumbo
Champion
Conventional
Superstar
Purchase
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
BMO Bank National Association performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+13.4 bps above market avg
3/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
3,417 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
FHA
169 loans · 0.64% above market
Strong
Top 40% of lenders
4/5
VA
17 loans · 0.06% above market
Sound
Top 60% of lenders
3/5
Jumbo
2,578 loans · 0.06% below market
Exceptional
Top 5% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
5,429 loans · 0.12% above market
Exceptional
Top 20% of lenders
5/5
Refinance
752 loans · 0.26% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
National · 50 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 | 3,417 | 55.3% | +0.237%Above | $809Fees | ||||
FHA Loans | 169 | 2.7% | +0.640%Above | $1,338Fees | ||||
VA Loans | — | 17 | 0.3% | +0.063%Above | $2,700Fees | |||
Jumbo Loans | 2,578 | 41.7% | -0.060%Below | $645Credit |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume3,417
Mix55.3%
Spread
+0.237%Above
Fees
$809Fees
FHA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume169
Mix2.7%
Spread
+0.640%Above
Fees
$1,338Fees
VA Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughMediocre
Volume17
Mix0.3%
Spread
+0.063%Above
Fees
$2,700Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume2,578
Mix41.7%
Spread
-0.060%Below
Fees
$645Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,429 | 87.8% | +0.118%Above | $320Fees | ||||
Refinance | 752 | 12.2% | +0.258%Above | $177Credit |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughSound
Volume5,429
Mix87.8%
Spread
+0.118%Above
Fees
$320Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume752
Mix12.2%
Spread
+0.258%Above
Fees
$177Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,181
Applications
10,629
Volume
$5 billion
Pricing & Closing
Avg Rate Spread
+0.134%
vs. market APOR
Avg Net Fees
$264
Origination − Credits
Pullthrough Rate
58.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$915,566
Avg Borrower Income
$359,675
Avg Property Value
$1,253,286
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
51Full-year 2024 · HMDANationwide · all 50 states and DCLoans originated
< 2020–5050–100100+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
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.