We analyzed every closed loan from Encore Bank — 555 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Near-National · 7 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
- Competitive pricing compared to the market
- Lower than average lender fees
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Encore Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+24.7 bps above market avg
4/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
428 loans · 0.27% above market
Strong
Top 40% of lenders
4/5
FHA
65 loans · 0.30% above market
Strong
Top 40% of lenders
4/5
VA
30 loans · 0.38% below market
Strong
Top 40% of lenders
4/5
Jumbo
26 loans · 0.28% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
504 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
Refinance
51 loans · 0.27% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Near-National · 8 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 | 428 | 77.1% | +0.268%Above | $1,253Fees | ||||
FHA Loans | 65 | 11.7% | +0.300%Above | $1,032Fees | ||||
VA Loans | 30 | 5.4% | -0.377%Below | $1,207Fees | ||||
Jumbo Loans | 26 | 4.7% | +0.275%Above | $1,462Fees |
Conventional
OverallSound
ProductStrong
PricingStrong
Pull ThroughSound
Volume428
Mix77.1%
Spread
+0.268%Above
Fees
$1,253Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume65
Mix11.7%
Spread
+0.300%Above
Fees
$1,032Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume30
Mix5.4%
Spread
-0.377%Below
Fees
$1,207Fees
Jumbo Loans
OverallSound
ProductSound
PricingStrong
Pull ThroughAcceptable
Volume26
Mix4.7%
Spread
+0.275%Above
Fees
$1,462Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 504 | 90.8% | +0.244%Above | $1,283Fees | ||||
Refinance | 51 | 9.2% | +0.269%Above | $794Fees |
Purchase
OverallSound
ProductStrong
PricingStrong
Pull ThroughSound
Volume504
Mix90.8%
Spread
+0.244%Above
Fees
$1,283Fees
Refinance
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume51
Mix9.2%
Spread
+0.269%Above
Fees
$794Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
555
Applications
1,014
Volume
$219 million
Pricing & Closing
Avg Rate Spread
+0.247%
vs. market APOR
Avg Net Fees
$1,234
Origination − Credits
Pullthrough Rate
54.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$395,505
Avg Borrower Income
$200,584
Avg Property Value
$522,676
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
26Full-year 2024 · HMDALoans originated
< 1010–5050+None
Northeast3
MENJNY
Midwest5
ILKSMIMNMO
South13
ALARFLGALAMDMSNCOKSCTNTXVA
West5
CACONMUTWA
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.