We analyzed every closed loan from First State Bank — 917 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
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 4 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA loans
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Report Card
First State Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+22.4 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
805 loans · 0.18% above market
Strong
Top 40% of lenders
4/5
FHA
93 loans · 0.68% above market
Strong
Top 40% of lenders
4/5
VA
11 loans · 0.38% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
815 loans · 0.27% above market
Strong
Top 40% of lenders
4/5
Refinance
102 loans · 0.11% below market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 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 | 805 | 87.8% | +0.178%Above | $1,300Fees | ||||
FHA Loans | 93 | 10.1% | +0.678%Above | $1,360Fees | ||||
VA Loans | — | — | 11 | 1.2% | +0.379%Above | $1,701Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume805
Mix87.8%
Spread
+0.178%Above
Fees
$1,300Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume93
Mix10.1%
Spread
+0.678%Above
Fees
$1,360Fees
VA Loans
OverallSound
ProductSound
Pricing—
Pull Through—
Volume11
Mix1.2%
Spread
+0.379%Above
Fees
$1,701Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 815 | 88.9% | +0.269%Above | $1,298Fees | ||||
Refinance | 102 | 11.1% | -0.111%Below | $1,276Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume815
Mix88.9%
Spread
+0.269%Above
Fees
$1,298Fees
Refinance
OverallStrong
ProductSound
PricingStrong
Pull ThroughStrong
Volume102
Mix11.1%
Spread
-0.111%Below
Fees
$1,276Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
917
Applications
1,040
Volume
$249 million
Pricing & Closing
Avg Rate Spread
+0.224%
vs. market APOR
Avg Net Fees
$1,296
Origination − Credits
Pullthrough Rate
88.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$271,827
Avg Borrower Income
$141,631
Avg Property Value
$374,357
Geographic Coverage
Geographic Performance
Metro Areas
4
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
14Full-year 2024 · HMDALoans originated
< 2020+None
Midwest3
KSMIOH
South8
FLKYNCOKSCTNTXVA
West3
AZCACO
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.