What loan types does Independent Bank offer?

Independent Bank offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing score and performance metrics.

Where does Independent Bank offer mortgages?

Independent Bank offers mortgages in 6 states: AR, FL, GA, MS, TN, WI.

How competitive are Independent Bank's mortgage rates?

Independent Bank has an overall pricing score of 30.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Independent Bank?

Independent Bank is a Bank headquartered in Memphis, TN.

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Independent Bank

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Independent Bank has 132 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

FHA · Conventional

Place

Strong

4/5

Multi-Region · 1 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Independent Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+38.9 bps above market avg

2/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

97 loans · 0.35% above market

Sound

Top 60% of lenders

3/5

FHA

24 loans · 0.75% above market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

123 loans · 0.41% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 2 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	Acceptable	Sound	Acceptable	Sound	97	73.5%	+0.355%Above	$2,195Fees
FHA Loans	Sound	Sound	—	Strong	24	18.2%	+0.751%Above	$2,967Fees

Conventional

Overall

Acceptable

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume97

Mix73.5%

Spread

+0.355%Above

Fees

$2,195Fees

FHA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Strong

Volume24

Mix18.2%

Spread

+0.751%Above

Fees

$2,967Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Acceptable	Sound	123	93.2%	+0.414%Above	$2,275Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Acceptable

Pull Through

Sound

Volume123

Mix93.2%

Spread

+0.414%Above

Fees

$2,275Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

132

Applications

196

Volume

$39 million

Pricing & Closing

Avg Rate Spread

+0.389%

vs. market APOR

Avg Net Fees

$2,261

Origination − Credits

Pullthrough Rate

67.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$299,545

Avg Borrower Income

$156,735

Avg Property Value

$396,515

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

6Full-year 2024 · HMDA

Loans originated

< 2020+None

Midwest1

South5

ARFLGAMSTN

Top Metro Areas by Place Specialization Score

Memphis, TNMetro

Volume 110Mix 83.33% of portfolio

76/100

Strong

Top States by Place Specialization Score

TennesseeState

Volume 108Mix 81.82% of portfolio

71/100

Strong

MississippiState

Volume 16Mix 12.12% of portfolio

50/100

Sound

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.