What loan types does Sound Community Bank offer?

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

Where does Sound Community Bank offer mortgages?

Sound Community Bank offers mortgages in 3 states: AZ, MI, WA.

How competitive are Sound Community Bank's mortgage rates?

Sound Community Bank has an overall pricing score of 26.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Sound Community Bank?

Sound Community Bank is a Bank headquartered in Seattle, WA.

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Sound Community Bank

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Sound Community Bank has 59 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

Acceptable

2/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Sound

3/5

Regional · 1 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

Things to Think About

Pricing may be below industry average
Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Sound Community Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+21.7 bps above market avg

2/5

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

2/5

By Loan Product· Specialization by type

Conventional

50 loans · 0.22% above market

Acceptable

Bottom 40% of lenders

2/5

By Loan Purpose· Transaction purpose mix

Purchase

33 loans · 0.34% above market

Acceptable

Bottom 40% of lenders

2/5

Refinance

26 loans · 0.04% above market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

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	Acceptable	Acceptable	Acceptable	50	84.7%	+0.216%Above	$3,130Fees

Conventional

Overall

Acceptable

Product

Acceptable

Pricing

Acceptable

Pull Through

Acceptable

Volume50

Mix84.7%

Spread

+0.216%Above

Fees

$3,130Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Acceptable	Mediocre	Acceptable	33	55.9%	+0.341%Above	$4,057Fees
Refinance	Sound	Acceptable	Sound	Sound	26	44.1%	+0.043%Above	$2,014Fees

Purchase

Overall

Acceptable

Product

Acceptable

Pricing

Mediocre

Pull Through

Acceptable

Volume33

Mix55.9%

Spread

+0.341%Above

Fees

$4,057Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through

Sound

Volume26

Mix44.1%

Spread

+0.043%Above

Fees

$2,014Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$29 million

Pricing & Closing

Avg Rate Spread

+0.217%

vs. market APOR

Avg Net Fees

$3,206

Origination − Credits

Pullthrough Rate

64.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$493,136

Avg Borrower Income

$229,407

Avg Property Value

$912,966

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

3Full-year 2024 · HMDA

Loans originated

< 5050+None

Midwest1

West2

AZWA

Top Metro Areas by Place Specialization Score

Seattle, WAMetro

Volume 14Mix 23.73% of portfolio

52/100

Sound

Top States by Place Specialization Score

WashingtonState

Volume 57Mix 96.61% of portfolio

67/100

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.