Banksouth Mortgage Company
We analyzed every closed loan from Banksouth Mortgage Company — 2.3k loans across 3k 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
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Multi-Region · 12 mkts
Awards
FHA
Superstar
VA
Superstar
Purchase
Superstar
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)
Explore another lender or local market
Report Card
Banksouth Mortgage Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+25.3 bps above market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% 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
Exceptional
Top 20% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 13 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 | 1,349 | 58.7% | +0.329%Above | $4,380Fees | ||||
FHA Loans | 636 | 27.7% | +0.214%Above | $3,959Fees | ||||
VA Loans | 211 | 9.2% | -0.303%Below | $3,062Fees | ||||
Jumbo Loans | 72 | 3.1% | +0.249%Above | $4,842Fees | ||||
USDA Loans | — | 31 | 1.3% | +0.248%Above | $2,846Fees |
Conventional
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume1,349
Mix58.7%
Spread
+0.329%Above
Fees
$4,380Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughExceptional
Volume636
Mix27.7%
Spread
+0.214%Above
Fees
$3,959Fees
VA Loans
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume211
Mix9.2%
Spread
-0.303%Below
Fees
$3,062Fees
Jumbo Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume72
Mix3.1%
Spread
+0.249%Above
Fees
$4,842Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume31
Mix1.3%
Spread
+0.248%Above
Fees
$2,846Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,197 | 95.6% | +0.253%Above | $4,178Fees | ||||
Refinance | 102 | 4.4% | +0.248%Above | $4,127Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume2,197
Mix95.6%
Spread
+0.253%Above
Fees
$4,178Fees
Refinance
OverallSound
ProductSound
PricingMediocre
Pull ThroughSound
Volume102
Mix4.4%
Spread
+0.248%Above
Fees
$4,127Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,299
Applications
2,866
Volume
$889 million
Pricing & Closing
Avg Rate Spread
+0.253%
vs. market APOR
Avg Net Fees
$4,175
Origination − Credits
Pullthrough Rate
80.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$386,910
Avg Borrower Income
$163,866
Avg Property Value
$499,093
Geographic Coverage
Geographic Performance
Metro Areas
12
markets with activity
States Served
14
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
14Midwest3
IAMOWI
South10
ALFLGAKYLANCSCTNTXVA
West1
CO
Top Metro Areas by Place Specialization Score
Volume 107Mix 4.65% of portfolio
94/100
Exceptional
Volume 474Mix 20.62% of portfolio
94/100
Exceptional
Volume 893Mix 38.84% of portfolio
91/100
Exceptional
Volume 85Mix 3.70% of portfolio
85/100
Exceptional
Volume 126Mix 5.48% of portfolio
85/100
Exceptional
Volume 101Mix 4.39% of portfolio
77/100
Strong
Volume 37Mix 1.61% of portfolio
75/100
Strong
Volume 36Mix 1.57% of portfolio
71/100
Strong
Volume 39Mix 1.70% of portfolio
69/100
Strong
Volume 15Mix 0.65% of portfolio
52/100
SoundShowing 10 of 12 metro areas
Top States by Place Specialization Score
1
GeorgiaState
Volume 2,119Mix 92.17% of portfolio
94/100
Exceptional2
South CarolinaState
Volume 85Mix 3.70% of portfolio
61/100
Strong3
FloridaState
Volume 33Mix 1.44% of portfolio
42/100
Sound4
TennesseeState
Volume 20Mix 0.87% of portfolio
42/100
Sound5
AlabamaState
Volume 11Mix 0.48% of portfolio
38/100
Acceptable6
North CarolinaState
Volume 13Mix 0.57% of portfolio
37/100
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.