We analyzed every closed loan from Midland States Bank — 505 loans across 723 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
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · USDA
Place
Strong
4/5
Multi-Region · 7 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and USDA loans
Things to Think About
- Rates typically 66 basis points above market average
Explore another lender or local market
Report Card
Midland States Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+65.9 bps above market avg
2/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
415 loans · 0.65% above market
Strong
Top 40% of lenders
4/5
FHA
67 loans · 0.85% above market
Strong
Top 40% of lenders
4/5
USDA
15 loans · 0.57% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
462 loans · 0.66% above market
Strong
Top 40% of lenders
4/5
Refinance
43 loans · 0.63% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 8 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 | 415 | 82.2% | +0.646%Above | $1,449Fees | ||||
FHA Loans | 67 | 13.3% | +0.851%Above | $1,304Fees | ||||
USDA Loans | — | — | 15 | 3.0% | +0.569%Above | $1,251Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume415
Mix82.2%
Spread
+0.646%Above
Fees
$1,449Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume67
Mix13.3%
Spread
+0.851%Above
Fees
$1,304Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume15
Mix3.0%
Spread
+0.569%Above
Fees
$1,251Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 462 | 91.5% | +0.662%Above | $1,438Fees | ||||
Refinance | 43 | 8.5% | +0.633%Above | $1,505Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume462
Mix91.5%
Spread
+0.662%Above
Fees
$1,438Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume43
Mix8.5%
Spread
+0.633%Above
Fees
$1,505Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
505
Applications
723
Volume
$99 million
Pricing & Closing
Avg Rate Spread
+0.659%
vs. market APOR
Avg Net Fees
$1,445
Origination − Credits
Pullthrough Rate
69.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$197,990
Avg Borrower Income
$97,552
Avg Property Value
$245,693
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Full-year 2024 · HMDALoans originated
< 5050+None
Midwest4
ILINMOWI
South4
ARFLTNTX
West1
AZ
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.