We analyzed every closed loan from BankPlus — 1.2k loans across 2k 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 · Jumbo · USDA
Place
Sound
3/5
Multi-Region · 14 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 and Jumbo and USDA loans
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Report Card
BankPlus performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+9.9 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
USDA
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 · 15 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 915 | 78.5% | +0.142%Above | $1,471Fees | ||||
FHA Loans | 114 | 9.8% | +0.136%Above | $877Fees | ||||
VA Loans | 66 | 5.7% | -0.478%Below | $306Fees | ||||
Jumbo Loans | — | 51 | 4.4% | +0.139%Above | $4,736Fees | |||
USDA Loans | — | 19 | 1.6% | -0.082%Below | $1,035Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume915
Mix78.5%
Spread
+0.142%Above
Fees
$1,471Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume114
Mix9.8%
Spread
+0.136%Above
Fees
$877Fees
VA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume66
Mix5.7%
Spread
-0.478%Below
Fees
$306Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume51
Mix4.4%
Spread
+0.139%Above
Fees
$4,736Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume19
Mix1.6%
Spread
-0.082%Below
Fees
$1,035Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 940 | 80.7% | +0.090%Above | $1,370Fees | ||||
Refinance | 225 | 19.3% | +0.150%Above | $1,374Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume940
Mix80.7%
Spread
+0.090%Above
Fees
$1,370Fees
Refinance
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume225
Mix19.3%
Spread
+0.150%Above
Fees
$1,374Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,165
Applications
1,705
Volume
$394 million
Pricing & Closing
Avg Rate Spread
+0.099%
vs. market APOR
Avg Net Fees
$1,371
Origination − Credits
Pullthrough Rate
68.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$338,845
Avg Borrower Income
$230,942
Avg Property Value
$465,979
Geographic Coverage
Geographic Performance
Metro Areas
14
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
14Midwest2
ILMO
South12
ALFLGAKYLAMSNCOKSCTNTXVA
Top Metro Areas by Place Specialization Score
Volume 318Mix 27.30% of portfolio
92/100
Exceptional
Volume 96Mix 8.24% of portfolio
81/100
Exceptional
Volume 54Mix 4.64% of portfolio
72/100
Strong
Volume 27Mix 2.32% of portfolio
65/100
Strong
Volume 40Mix 3.43% of portfolio
63/100
Strong
Volume 37Mix 3.18% of portfolio
61/100
Strong
Volume 41Mix 3.52% of portfolio
57/100
Sound
Volume 21Mix 1.80% of portfolio
54/100
Sound
Volume 16Mix 1.37% of portfolio
47/100
Sound
Volume 10Mix 0.86% of portfolio
43/100
SoundShowing 10 of 14 metro areas
Top States by Place Specialization Score
1
MississippiState
Volume 753Mix 64.64% of portfolio
92/100
Exceptional2
AlabamaState
Volume 158Mix 13.56% of portfolio
72/100
Strong3
LouisianaState
Volume 75Mix 6.44% of portfolio
61/100
Strong4
FloridaState
Volume 142Mix 12.19% of portfolio
60/100
Strong5
TennesseeState
Volume 15Mix 1.29% of portfolio
40/100
SoundHow 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.