We analyzed every closed loan from Bank Five Nine — 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
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 8 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
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Report Card
Bank Five Nine performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+20.4 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
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% 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 | 912 | 85.2% | +0.217%Above | $988Fees | ||||
FHA Loans | 97 | 9.1% | +0.442%Above | $1,090Fees | ||||
VA Loans | 59 | 5.5% | -0.383%Below | $1,815Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume912
Mix85.2%
Spread
+0.217%Above
Fees
$988Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume97
Mix9.1%
Spread
+0.442%Above
Fees
$1,090Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughExceptional
Volume59
Mix5.5%
Spread
-0.383%Below
Fees
$1,815Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 921 | 86.1% | +0.214%Above | $1,094Fees | ||||
Refinance | 149 | 13.9% | +0.143%Above | $748Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume921
Mix86.1%
Spread
+0.214%Above
Fees
$1,094Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume149
Mix13.9%
Spread
+0.143%Above
Fees
$748Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,070
Applications
1,310
Volume
$317 million
Pricing & Closing
Avg Rate Spread
+0.204%
vs. market APOR
Avg Net Fees
$1,043
Origination − Credits
Pullthrough Rate
81.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$296,280
Avg Borrower Income
$125,273
Avg Property Value
$388,850
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
16Midwest7
ILINKSMIMNMOWI
South6
ALFLGASCTNTX
West3
AZCOWA
Top Metro Areas by Place Specialization Score
Volume 567Mix 52.99% of portfolio
92/100
Exceptional
Volume 83Mix 7.76% of portfolio
86/100
Exceptional
Volume 83Mix 7.76% of portfolio
78/100
Strong
Volume 52Mix 4.86% of portfolio
57/100
Sound
Volume 26Mix 2.43% of portfolio
56/100
Sound
Volume 36Mix 3.36% of portfolio
56/100
Sound
Volume 25Mix 2.34% of portfolio
54/100
Sound
Volume 18Mix 1.68% of portfolio
50/100
SoundTop States by Place Specialization Score
1
WisconsinState
Volume 1,027Mix 95.98% of portfolio
92/100
ExceptionalHow 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.