P
Primelending a Plainscapital's 21.1k closed loans and 28k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐USDA Superstar⭐Purchase Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Primelending, a Plainscapital Company performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +32.1 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 10% of lenders | |
FHA | Market Leader Top 10% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 10% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 13,909 | 66.0% | +0.283%Above | $3,431Fees | ||||
FHA Loans | 4,352 | 20.6% | +0.662%Above | $4,013Fees | ||||
VA Loans | 2,153 | 10.2% | -0.290%Below | $2,147Fees | ||||
Jumbo Loans | 375 | 1.8% | +0.173%Above | $2,435Fees | ||||
USDA Loans | 293 | 1.4% | +0.377%Above | $2,561Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 19,417 | 92.1% | +0.314%Above | $3,475Fees | ||||
Refinance | 1,665 | 7.9% | +0.392%Above | $3,172Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
21,082
Applications
28,167
Volume
$7 billion
Pricing & Closing
Avg Rate Spread
+0.321%
vs. market APOR
Avg Net Fees
$3,445
Origination − Credits
Pullthrough Rate
74.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$356,172
Avg Borrower Income
$144,104
Avg Property Value
$449,368
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Midland, TX, TXMSA
Volume: 343Mix: 1.63%of portfolio
Place
Exceptional2
Laredo, TX, TXMSA
Volume: 236Mix: 1.12%of portfolio
Place
Exceptional3
Sherman, TXMSA
Volume: 177Mix: 0.84%of portfolio
Place
Exceptional4
Williamsport, PA, PAMSA
Volume: 147Mix: 0.70%of portfolio
Place
Exceptional5
Greenville, SCMSA
Volume: 653Mix: 3.10%of portfolio
Place
Exceptional6
St. Joseph, MO, MO-KSMSA
Volume: 165Mix: 0.78%of portfolio
Place
Exceptional7
Johnstown, PA, PAMSA
Volume: 100Mix: 0.47%of portfolio
Place
Exceptional8
Dallas, TXMSA
Volume: 1,526Mix: 7.24%of portfolio
Place
Exceptional9
Odessa, TX, TXMSA
Volume: 178Mix: 0.84%of portfolio
Place
Exceptional10
Spartanburg, SC, SCMSA
Volume: 212Mix: 1.01%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 5,576Mix: 26.45%of portfolio
Place
Exceptional2
SCState
Volume: 1,294Mix: 6.14%of portfolio
Place
Exceptional3
WVState
Volume: 417Mix: 1.98%of portfolio
Place
Exceptional4
MOState
Volume: 1,293Mix: 6.13%of portfolio
Place
Exceptional5
NYState
Volume: 1,189Mix: 5.64%of portfolio
Place
Exceptional6
KSState
Volume: 409Mix: 1.94%of portfolio
Place
Exceptional7
OHState
Volume: 1,028Mix: 4.88%of portfolio
Place
Strong8
NMState
Volume: 324Mix: 1.54%of portfolio
Place
Strong9
WAState
Volume: 463Mix: 2.20%of portfolio
Place
Strong10
AZState
Volume: 588Mix: 2.79%of portfolio
Place
StrongShowing 10 of 47 states
How We Rank Lenders
Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.