We analyzed every closed loan from Valley National Bank — 1.1k loans across 1k 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
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 14 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
Jumbo
Superstar
Purchase
Superstar
Summary
What They Do Well
- Offers rates 30.10 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
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Report Card
Valley National Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 30.1 bps below market avg
5/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
951 loans · 0.32% below market
Strong
Top 40% of lenders
4/5
FHA
30 loans · 0.20% above market
Sound
Top 60% of lenders
3/5
Jumbo
83 loans · 0.24% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
970 loans · 0.35% below market
Strong
Top 40% of lenders
4/5
Refinance
103 loans · 0.24% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 15 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 | 951 | 88.6% | -0.321%Below | $1,262Fees | ||||
FHA Loans | 30 | 2.8% | +0.195%Above | $1,611Fees | ||||
Jumbo Loans | 83 | 7.7% | -0.237%Below | $1,063Fees |
Conventional
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume951
Mix88.6%
Spread
-0.321%Below
Fees
$1,262Fees
FHA Loans
OverallSound
ProductSound
PricingStrong
Pull ThroughSound
Volume30
Mix2.8%
Spread
+0.195%Above
Fees
$1,611Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume83
Mix7.7%
Spread
-0.237%Below
Fees
$1,063Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 970 | 90.4% | -0.353%Below | $1,237Fees | ||||
Refinance | 103 | 9.6% | +0.240%Above | $1,471Fees |
Purchase
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume970
Mix90.4%
Spread
-0.353%Below
Fees
$1,237Fees
Refinance
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume103
Mix9.6%
Spread
+0.240%Above
Fees
$1,471Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,073
Applications
1,443
Volume
$519 million
Pricing & Closing
Avg Rate Spread
-0.301%
vs. market APOR
Avg Net Fees
$1,257
Origination − Credits
Pullthrough Rate
74.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$484,590
Avg Borrower Income
$231,692
Avg Property Value
$692,418
Geographic Coverage
Geographic Performance
Metro Areas
14
markets with activity
States Served
24
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
24Full-year 2024 · HMDALoans originated
< 1010–5050–200200+None
Northeast6
CTMANHNJNYPA
Midwest3
ILINMO
South12
ALDEFLGAKYLAMDNCSCTNTXVA
West3
CANMUT
Top Metro Areas by Place Specialization Score
Showing 10 of 14 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.