Iowa Bankers Mortgage Corporation
We analyzed every closed loan from Iowa Bankers Mortgage Corporation — 2.3k 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
Exceptional
5/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 11 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Champion
Purchase
Champion
Refinance
Champion
VA
Superstar
USDA
Superstar
Summary
What They Do Well
- Offers rates 4.90 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Explore another lender or local market
Report Card
Iowa Bankers Mortgage Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 4.9 bps below market avg
5/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
2,101 loans · 0.07% below market
Exceptional
Top 20% of lenders
5/5
FHA
58 loans · 0.81% above market
Strong
Top 40% of lenders
4/5
VA
52 loans · 0.27% below market
Strong
Top 40% of lenders
4/5
USDA
101 loans · 0.29% above market
Exceptional
Top 20% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
2,053 loans · 0.05% below market
Exceptional
Top 20% of lenders
5/5
Refinance
259 loans · 0.05% below market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 12 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 | 2,101 | 90.9% | -0.071%Below | $1,305Fees | ||||
FHA Loans | 58 | 2.5% | +0.808%Above | $1,401Fees | ||||
VA Loans | 52 | 2.2% | -0.273%Below | $159Fees | ||||
USDA Loans | 101 | 4.4% | +0.288%Above | $1,017Fees |
Conventional
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughExceptional
Volume2,101
Mix90.9%
Spread
-0.071%Below
Fees
$1,305Fees
FHA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume58
Mix2.5%
Spread
+0.808%Above
Fees
$1,401Fees
VA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume52
Mix2.2%
Spread
-0.273%Below
Fees
$159Fees
USDA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughSound
Volume101
Mix4.4%
Spread
+0.288%Above
Fees
$1,017Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,053 | 88.8% | -0.049%Below | $1,310Fees | ||||
Refinance | 259 | 11.2% | -0.049%Below | $1,012Fees |
Purchase
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume2,053
Mix88.8%
Spread
-0.049%Below
Fees
$1,310Fees
Refinance
OverallExceptional
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume259
Mix11.2%
Spread
-0.049%Below
Fees
$1,012Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,312
Applications
2,899
Volume
$517 million
Pricing & Closing
Avg Rate Spread
-0.049%
vs. market APOR
Avg Net Fees
$1,276
Origination − Credits
Pullthrough Rate
79.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$224,040
Avg Borrower Income
$114,419
Avg Property Value
$306,644
Geographic Coverage
Geographic Performance
Metro Areas
11
markets with activity
States Served
10
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
10Full-year 2024 · HMDALoans originated
< 1010–5050–200200+None
Midwest8
IAILKSMNMONESDWI
West2
AZCO
Top Metro Areas by Place Specialization Score
Showing 10 of 11 metro areas
Top States by Place Specialization Score
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.