1st Security Bank of Washington
We analyzed every closed loan from 1st Security Bank of Washington — 1.0k 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
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 8 mkts
Awards
FHA
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,255)
Explore another lender or local market
Report Card
1st Security Bank of Washington performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+19.0 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 703 | 68.9% | +0.214%Above | $4,250Fees | ||||
FHA Loans | 174 | 17.0% | +0.250%Above | $4,486Fees | ||||
VA Loans | 56 | 5.5% | -0.433%Below | $4,188Fees | ||||
Jumbo Loans | 86 | 8.4% | +0.209%Above | $3,784Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume703
Mix68.9%
Spread
+0.214%Above
Fees
$4,250Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughExceptional
Volume174
Mix17.0%
Spread
+0.250%Above
Fees
$4,486Fees
VA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume56
Mix5.5%
Spread
-0.433%Below
Fees
$4,188Fees
Jumbo Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume86
Mix8.4%
Spread
+0.209%Above
Fees
$3,784Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 945 | 92.6% | +0.195%Above | $4,236Fees | ||||
Refinance | 76 | 7.4% | +0.147%Above | $4,428Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume945
Mix92.6%
Spread
+0.195%Above
Fees
$4,236Fees
Refinance
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume76
Mix7.4%
Spread
+0.147%Above
Fees
$4,428Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,021
Applications
1,367
Volume
$559 million
Pricing & Closing
Avg Rate Spread
+0.190%
vs. market APOR
Avg Net Fees
$4,255
Origination − Credits
Pullthrough Rate
74.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$548,036
Avg Borrower Income
$202,346
Avg Property Value
$751,621
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
6
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
6West6
AZCAIDNVORWA
Top Metro Areas by Place Specialization Score
Volume 245Mix 24.00% of portfolio
99/100
Exceptional
Volume 221Mix 21.65% of portfolio
80/100
Exceptional
Volume 98Mix 9.60% of portfolio
78/100
Strong
Volume 98Mix 9.60% of portfolio
78/100
Strong
Volume 44Mix 4.31% of portfolio
71/100
Strong
Volume 27Mix 2.64% of portfolio
60/100
Sound
Volume 50Mix 4.90% of portfolio
59/100
Sound
Volume 25Mix 2.45% of portfolio
58/100
SoundTop States by Place Specialization Score
1
WashingtonState
Volume 935Mix 91.58% of portfolio
92/100
Exceptional2
OregonState
Volume 45Mix 4.41% of portfolio
56/100
Sound3
IdahoState
Volume 13Mix 1.27% of portfolio
42/100
Sound4
ArizonaState
Volume 10Mix 0.98% of portfolio
37/100
Acceptable5
CaliforniaState
Volume 10Mix 0.98% of portfolio
35/100
AcceptableHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 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.