# Parke Bank

> **Canonical URL:** https://saferate.com/lenders/parke-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Parke Bank is a bank, headquartered in Sewell, NJ, serving borrowers across 3 states, with 149 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 89% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 41% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493008HV53MEILG2D59
- **Headquarters:** Sewell, NJ
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** DE, NJ, PA
- **Markets (MSAs):** 2
- **Primary Channel:** wholesale
- **Direct Origination:** 4.5%
- **Brokered/Wholesale:** 95.5%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 11/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.196%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $5,750
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 149
- **Dollar Volume:** $46 million
- **Applications Received:** 154
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $306,275
- **Average Borrower Income:** $94,470
- **Average Property Value:** $472,651

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 145 | -0.195% | $5,837 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 142 loans, Score: 45/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 145 | $44M | -0.194% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| PA | 135 | 0.11% | 72/100 |
| NJ | 10 | 0.01% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Philadelphia, PA | PA | 108 | 80/100 |
| Montgomery County | PA | 23 | 57/100 |

## Frequently Asked Questions

### What loan types does Parke Bank offer?

Parke Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Parke Bank offer mortgages?

Parke Bank offers mortgages in 3 states: DE, NJ, PA.

### How competitive are Parke Bank's mortgage rates?

Parke Bank has a pricing score of 11/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.196% below market average.

### What type of lender is Parke Bank?

Parke Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Sewell, NJ.

### What is Parke Bank's loan approval success rate?

Parke Bank has a pull-through score of 59/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/parke-bank

### How to Cite

> "Parke Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/parke-bank

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