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Busey Bank

Bank•Champaign, ILHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Busey Bank — 766 loans across 993 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Strong
4/5
FHA · Conventional
Place
Strong
4/5
Multi-Region · 8 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance

Explore another lender or local market

Report Card

Busey Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+32.9 bps above market avg
4/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
714 loans · 0.34% above market
Strong
Top 40% of lenders
4/5
FHA
32 loans · 0.29% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
646 loans · 0.33% above market
Strong
Top 40% of lenders
4/5
Refinance
120 loans · 0.32% 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

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Exceptional
Volume714
Mix93.2%
Spread
+0.338%Above
Fees
$913Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through
Sound
Volume32
Mix4.2%
Spread
+0.286%Above
Fees
$1,250Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume646
Mix84.3%
Spread
+0.330%Above
Fees
$914Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume120
Mix15.7%
Spread
+0.322%Above
Fees
$852Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
766
Applications
993
Volume
$167 million
Pricing & Closing
Avg Rate Spread
+0.329%
vs. market APOR
Avg Net Fees
$904
Origination − Credits
Pullthrough Rate
77.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$219,034
Avg Borrower Income
$150,952
Avg Property Value
$293,277

Geographic Coverage

Geographic Performance

Metro Areas
8
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

9Full-year 2024 · HMDA
9 states with loan originations
Loans originated
< 2020–5050+None
Midwest6
IAILINKSMOOH
South3
FLTNTX

Top Metro Areas by Place Specialization Score

1© NorthernMagnolia · CC BY-SA 3.0
Champaign, ILMetro
Volume 208Mix 27.15% of portfolio
100/100
Exceptional
2© Dan · CC BY 2.0
Decatur, ILMetro
Volume 44Mix 5.74% of portfolio
80/100
Exceptional
3© WeaponizingArchitecture · CC BY-SA 4.0
St. Louis, MO, MO-ILMetro
Volume 139Mix 18.15% of portfolio
73/100
Strong
4© John Picken; derivative by Georgfotoart · CC BY 2.0
Chicago, ILMetro
Volume 160Mix 20.89% of portfolio
71/100
Strong
5© MagentaGreen · CC BY-SA 2.5
Peoria, ILMetro
Volume 47Mix 6.14% of portfolio
62/100
Strong
6© Yahala · CC BY-SA 3.0
Bloomington, ILMetro
Volume 42Mix 5.48% of portfolio
62/100
Strong
7© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 33Mix 4.31% of portfolio
54/100
Sound
8© Eric Friedebach · CC BY 3.0
Cape Coral, FLMetro
Volume 11Mix 1.44% of portfolio
42/100
Sound

Top States by Place Specialization Score

Illinois
Illinois
1
IllinoisState
Volume 669Mix 87.34% of portfolio
85/100
Exceptional
Indiana
Indiana
2
IndianaState
Volume 35Mix 4.57% of portfolio
51/100
Sound
Missouri
Missouri
3
MissouriState
Volume 26Mix 3.39% of portfolio
48/100
Sound
Florida
Florida
4
FloridaState
Volume 26Mix 3.39% of portfolio
43/100
Sound

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
Champion(80%+ = 40-50 points)
Superstar
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.