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BANKSOUTH MORTGAGE COMPANY, LLC
Independent Mortgage Company|Greensboro, GA|Multi-Region
Loans Originated
2,299
Applications
2,866
Volume
$889 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.253%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,175
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
80.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,175)
Report Card
BANKSOUTH MORTGAGE COMPANY, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 13 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$386,910
Average Borrower Income
$163,866
Average Property Value
$499,093
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Mediocre | Strong | 1,349 | 58.7% | +0.329% | $4,380 |
FHA Loans | Strong | Exceptional | Sound | Exceptional | 636 | 27.7% | +0.214% | $3,959 |
VA Loans | Sound | Strong | Acceptable | Exceptional | 211 | 9.2% | -0.303% | $3,062 |
Jumbo Loans | Sound | Strong | Acceptable | Strong | 72 | 3.1% | +0.249% | $4,842 |
USDA Loans | Strong | Strong | N/A | Strong | 31 | 1.3% | +0.248% | $2,846 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 2,197 | 95.6% | +0.253% | $4,178 |
Refinance | Acceptable | Sound | Mediocre | Sound | 102 | 4.4% | +0.248% | $4,127 |
Geographic Coverage
Metro Areas
12
States Served
14
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Athens, GAMSA
Volume: 107Mix: 4.65%
Place Specialization
Exceptional
2
Marietta, GA, GAMSA
Volume: 474Mix: 20.62%
Place Specialization
Exceptional
3
Atlanta, GAMSA
Volume: 893Mix: 38.84%
Place Specialization
Exceptional
4
Valdosta, GA, GAMSA
Volume: 85Mix: 3.70%
Place Specialization
Exceptional
5
Savannah, GA, GAMSA
Volume: 126Mix: 5.48%
Place Specialization
Exceptional
6
Augusta, GA-SCMSA
Volume: 101Mix: 4.39%
Place Specialization
Strong
7
Rome, GA, GAMSA
Volume: 37Mix: 1.61%
Place Specialization
Strong
8
Dalton, GA, GAMSA
Volume: 36Mix: 1.57%
Place Specialization
Strong
9
Gainesville, GA, GAMSA
Volume: 39Mix: 1.70%
Place Specialization
Strong
10
Hinesville, GA, GAMSA
Volume: 15Mix: 0.65%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 2,119Mix: 92.17%
Place Specialization
Exceptional
2
SCState
Volume: 85Mix: 3.70%
Place Specialization
Strong
3
FLState
Volume: 33Mix: 1.44%
Place Specialization
Sound
4
TNState
Volume: 20Mix: 0.87%
Place Specialization
Sound
5
ALState
Volume: 11Mix: 0.48%
Place Specialization
Acceptable
6
NCState
Volume: 13Mix: 0.57%
Place Specialization
Acceptable
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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