First Equity Mortgage Bankers
We analyzed every closed loan from First Equity Mortgage Bankers — 496 loans across 902 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
Single State · 7 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Things to Think About
- Rates typically 83 basis points above market average
Explore another lender or local market
Report Card
First Equity Mortgage Bankers performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+82.5 bps above market avg
1/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
227 loans · 0.84% above market
Strong
Top 40% of lenders
4/5
FHA
205 loans · 0.99% above market
Strong
Top 40% of lenders
4/5
VA
19 loans · 0.18% above market
Strong
Top 40% of lenders
4/5
Jumbo
23 loans · 0.25% above market
Strong
Top 40% of lenders
4/5
USDA
22 loans · 0.12% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
463 loans · 0.84% above market
Strong
Top 40% of lenders
4/5
Refinance
33 loans · 0.60% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Single State · 8 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 | 227 | 45.8% | +0.836%Above | $4,479Fees | ||||
FHA Loans | 205 | 41.3% | +0.995%Above | $3,800Fees | ||||
VA Loans | — | 19 | 3.8% | +0.176%Above | $4,327Fees | |||
Jumbo Loans | — | 23 | 4.6% | +0.251%Above | $2,058Fees | |||
USDA Loans | — | 22 | 4.4% | +0.124%Above | $3,383Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume227
Mix45.8%
Spread
+0.836%Above
Fees
$4,479Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume205
Mix41.3%
Spread
+0.995%Above
Fees
$3,800Fees
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume19
Mix3.8%
Spread
+0.176%Above
Fees
$4,327Fees
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume23
Mix4.6%
Spread
+0.251%Above
Fees
$2,058Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume22
Mix4.4%
Spread
+0.124%Above
Fees
$3,383Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 463 | 93.3% | +0.839%Above | $4,022Fees | ||||
Refinance | — | 33 | 6.7% | +0.600%Above | $2,972Fees |
Purchase
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume463
Mix93.3%
Spread
+0.839%Above
Fees
$4,022Fees
Refinance
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume33
Mix6.7%
Spread
+0.600%Above
Fees
$2,972Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
496
Applications
902
Volume
$138 million
Pricing & Closing
Avg Rate Spread
+0.825%
vs. market APOR
Avg Net Fees
$3,960
Origination − Credits
Pullthrough Rate
55.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$279,556
Avg Borrower Income
$138,865
Avg Property Value
$371,774
Geographic Coverage
Geographic Performance
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.