We analyzed every closed loan from Commerce Bank — 1.1k loans across 2k 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
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Near-National · 12 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Jumbo
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
Commerce Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+23.9 bps above market avg
3/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
949 loans · 0.23% above market
Strong
Top 40% of lenders
4/5
FHA
64 loans · 1.06% above market
Strong
Top 40% of lenders
4/5
VA
11 loans · 0.42% above market
Acceptable
Bottom 40% of lenders
2/5
Jumbo
88 loans · 0.25% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
894 loans · 0.13% above market
Strong
Top 40% of lenders
4/5
Refinance
218 loans · 0.73% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Near-National · 13 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 | 949 | 85.3% | +0.233%Above | $456Fees | ||||
FHA Loans | 64 | 5.8% | +1.057%Above | $239Fees | ||||
VA Loans | — | 11 | 1.0% | +0.424%Above | $726Fees | |||
Jumbo Loans | 88 | 7.9% | -0.252%Below | $789Fees |
Conventional
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume949
Mix85.3%
Spread
+0.233%Above
Fees
$456Fees
FHA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume64
Mix5.8%
Spread
+1.057%Above
Fees
$239Fees
VA Loans
OverallAcceptable
ProductAcceptable
Pricing—
Pull ThroughAcceptable
Volume11
Mix1.0%
Spread
+0.424%Above
Fees
$726Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume88
Mix7.9%
Spread
-0.252%Below
Fees
$789Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 894 | 80.4% | +0.128%Above | $410Fees | ||||
Refinance | 218 | 19.6% | +0.726%Above | $745Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughAcceptable
Volume894
Mix80.4%
Spread
+0.128%Above
Fees
$410Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume218
Mix19.6%
Spread
+0.726%Above
Fees
$745Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,112
Applications
1,994
Volume
$372 million
Pricing & Closing
Avg Rate Spread
+0.239%
vs. market APOR
Avg Net Fees
$473
Origination − Credits
Pullthrough Rate
55.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$334,865
Avg Borrower Income
$196,035
Avg Property Value
$499,703
Geographic Coverage
Geographic Performance
Metro Areas
12
markets with activity
States Served
33
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
33Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast3
NHNYRI
Midwest9
IAILINKSMIMNMOOHWI
South12
ALARDCFLGALAMSOKSCTNTXVA
West9
AZCACOHINMNVUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 12 metro areas
Top States by Place Specialization Score
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.