We analyzed every closed loan from Independent Bank — 729 loans across 950 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 8 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in FHA and Jumbo loans
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
+26.7 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
548 loans · 0.18% above market
Sound
Top 60% of lenders
3/5
FHA
120 loans · 0.71% above market
Strong
Top 40% of lenders
4/5
VA
22 loans · 0.07% below market
Sound
Top 60% of lenders
3/5
Jumbo
33 loans · 0.43% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
670 loans · 0.27% above market
Sound
Top 60% of lenders
3/5
Refinance
59 loans · 0.25% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 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 | 548 | 75.2% | +0.185%Above | $2,246Fees | ||||
FHA Loans | 120 | 16.5% | +0.715%Above | $3,074Fees | ||||
VA Loans | — | 22 | 3.0% | -0.069%Below | $2,255Fees | |||
Jumbo Loans | — | 33 | 4.5% | +0.432%Above | $2,461Fees |
Conventional
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume548
Mix75.2%
Spread
+0.185%Above
Fees
$2,246Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume120
Mix16.5%
Spread
+0.715%Above
Fees
$3,074Fees
VA Loans
OverallStrong
ProductSound
Pricing—
Pull ThroughStrong
Volume22
Mix3.0%
Spread
-0.069%Below
Fees
$2,255Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume33
Mix4.5%
Spread
+0.432%Above
Fees
$2,461Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 670 | 91.9% | +0.269%Above | $2,431Fees | ||||
Refinance | 59 | 8.1% | +0.252%Above | $1,857Fees |
Purchase
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume670
Mix91.9%
Spread
+0.269%Above
Fees
$2,431Fees
Refinance
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume59
Mix8.1%
Spread
+0.252%Above
Fees
$1,857Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
729
Applications
950
Volume
$287 million
Pricing & Closing
Avg Rate Spread
+0.267%
vs. market APOR
Avg Net Fees
$2,371
Origination − Credits
Pullthrough Rate
76.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$395,041
Avg Borrower Income
$180,162
Avg Property Value
$512,586
Geographic Coverage
Geographic Performance
Metro Areas
8
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
< 100100+None
Midwest4
MIMNMONE
South6
ARFLMSNCOKTX
West4
AZCONMWY
Top Metro Areas by Place Specialization Score
2© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 81Mix 11.11% of portfolio
68/100
Strong
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.