We analyzed every closed loan from Firstbank Puerto Rico — 1.8k loans across 3k 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
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Single State · 9 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Jumbo
Champion
Conventional
Superstar
FHA
Superstar
VA
Superstar
USDA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 23.50 basis points below market average
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
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Report Card
Firstbank Puerto Rico performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 23.5 bps below market avg
4/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
1,094 loans · 0.09% below market
Exceptional
Top 20% of lenders
5/5
FHA
504 loans · 0.48% below market
Exceptional
Top 20% of lenders
5/5
VA
92 loans · 0.96% below market
Strong
Top 40% of lenders
4/5
Jumbo
32 loans · 0.33% below market
Strong
Top 40% of lenders
4/5
USDA
98 loans · 0.72% below market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
1,667 loans · 0.21% below market
Exceptional
Top 20% of lenders
5/5
Refinance
153 loans · 0.44% below market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Single State · 10 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 | 1,094 | 60.1% | -0.091%Below | $2,812Fees | ||||
FHA Loans | 504 | 27.7% | -0.476%Below | $3,702Fees | ||||
VA Loans | 92 | 5.1% | -0.958%Below | $4,283Fees | ||||
Jumbo Loans | 32 | 1.8% | -0.328%Below | $921Fees | ||||
USDA Loans | 98 | 5.4% | -0.716%Below | $3,353Fees |
Conventional
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughExceptional
Volume1,094
Mix60.1%
Spread
-0.091%Below
Fees
$2,812Fees
FHA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume504
Mix27.7%
Spread
-0.476%Below
Fees
$3,702Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume92
Mix5.1%
Spread
-0.958%Below
Fees
$4,283Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume32
Mix1.8%
Spread
-0.328%Below
Fees
$921Fees
USDA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume98
Mix5.4%
Spread
-0.716%Below
Fees
$3,353Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,667 | 91.6% | -0.214%Below | $3,021Fees | ||||
Refinance | 153 | 8.4% | -0.441%Below | $3,259Fees |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume1,667
Mix91.6%
Spread
-0.214%Below
Fees
$3,021Fees
Refinance
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume153
Mix8.4%
Spread
-0.441%Below
Fees
$3,259Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,820
Applications
2,854
Volume
$388 million
Pricing & Closing
Avg Rate Spread
-0.235%
vs. market APOR
Avg Net Fees
$3,043
Origination − Credits
Pullthrough Rate
63.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$213,275
Avg Borrower Income
$109,075
Avg Property Value
$268,132
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.