We analyzed every closed loan from Independent Bank — 1.4k 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
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 15 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
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and Jumbo loans
Explore another lender or local market
Report Card
Independent Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+24.8 bps above market avg
4/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
1,224 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
FHA
67 loans · 0.40% above market
Strong
Top 40% of lenders
4/5
VA
18 loans · 0.36% below market
Sound
Top 60% of lenders
3/5
Jumbo
56 loans · 0.77% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
1,202 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
Refinance
165 loans · 0.30% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 16 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 | 1,224 | 89.5% | +0.239%Above | $1,161Fees | ||||
FHA Loans | 67 | 4.9% | +0.395%Above | $823Fees | ||||
VA Loans | — | 18 | 1.3% | -0.360%Below | $846Fees | |||
Jumbo Loans | 56 | 4.1% | +0.771%Above | $1,140Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume1,224
Mix89.5%
Spread
+0.239%Above
Fees
$1,161Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume67
Mix4.9%
Spread
+0.395%Above
Fees
$823Fees
VA Loans
OverallStrong
ProductSound
Pricing—
Pull ThroughStrong
Volume18
Mix1.3%
Spread
-0.360%Below
Fees
$846Fees
Jumbo Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume56
Mix4.1%
Spread
+0.771%Above
Fees
$1,140Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,202 | 87.9% | +0.239%Above | $1,146Fees | ||||
Refinance | 165 | 12.1% | +0.302%Above | $1,099Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume1,202
Mix87.9%
Spread
+0.239%Above
Fees
$1,146Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume165
Mix12.1%
Spread
+0.302%Above
Fees
$1,099Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,367
Applications
1,784
Volume
$461 million
Pricing & Closing
Avg Rate Spread
+0.248%
vs. market APOR
Avg Net Fees
$1,140
Origination − Credits
Pullthrough Rate
76.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$337,919
Avg Borrower Income
$175,518
Avg Property Value
$445,775
Geographic Coverage
Geographic Performance
Metro Areas
15
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
7Full-year 2024 · HMDALoans originated
< 2020–5050+None
Midwest5
ILINMIMNOH
South2
FLNC
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.
Looking for a different lender?
Are you the owner of Independent Bank?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
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.