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Bank of America, National Association
Bank|Charlotte, NC|National
Loans Originated
25,155
Applications
35,609
Volume
$15 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards💎Jumbo Champion⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.175%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,021
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 17.50 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Report Card
Bank of America, National Association performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$624,215
Average Borrower Income
$267,789
Average Property Value
$934,949
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 19,231 | 76.5% | -0.113% | $1,550 |
FHA Loans | Sound | Strong | Acceptable | Sound | 410 | 1.6% | +0.540% | $3,547 |
VA Loans | Acceptable | Sound | Acceptable | Acceptable | 62 | 0.2% | -0.061% | $3,066 |
Jumbo Loans | Exceptional | Exceptional | Exceptional | Strong | 5,452 | 21.7% | -0.393% | -$651 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 21,658 | 86.1% | -0.202% | $1,118 |
Refinance | Strong | Exceptional | Strong | Strong | 3,497 | 13.9% | -0.046% | $567 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
San Jose, CAMSA
Volume: 1,147Mix: 4.56%
Place Specialization
Exceptional
2
San Francisco, CAMSA
Volume: 515Mix: 2.05%
Place Specialization
Exceptional
3
Oakland, CAMSA
Volume: 978Mix: 3.89%
Place Specialization
Exceptional
4
Charlotte, NC-SCMSA
Volume: 807Mix: 3.21%
Place Specialization
Exceptional
5
Seattle, WAMSA
Volume: 595Mix: 2.37%
Place Specialization
Exceptional
6
New York, NY-NJMSA
Volume: 816Mix: 3.24%
Place Specialization
Exceptional
7
Bridgeport, CTMSA
Volume: 207Mix: 0.82%
Place Specialization
Exceptional
8
Los Angeles, CAMSA
Volume: 709Mix: 2.82%
Place Specialization
Exceptional
9
Chicago, ILMSA
Volume: 814Mix: 3.24%
Place Specialization
Strong
10
Dallas, TXMSA
Volume: 677Mix: 2.69%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 5,011Mix: 19.92%
Place Specialization
Exceptional
2
NJState
Volume: 1,086Mix: 4.32%
Place Specialization
Exceptional
3
NYState
Volume: 1,433Mix: 5.70%
Place Specialization
Exceptional
4
WAState
Volume: 957Mix: 3.80%
Place Specialization
Exceptional
5
TXState
Volume: 2,075Mix: 8.25%
Place Specialization
Exceptional
6
ILState
Volume: 1,025Mix: 4.07%
Place Specialization
Exceptional
7
NCState
Volume: 1,494Mix: 5.94%
Place Specialization
Strong
8
FLState
Volume: 2,030Mix: 8.07%
Place Specialization
Strong
9
SCState
Volume: 600Mix: 2.39%
Place Specialization
Strong
10
GAState
Volume: 926Mix: 3.68%
Place Specialization
Strong
Showing 10 of 48 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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