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BMO Bank National Association
Bank|Chicago, IL|National
Loans Originated
6,181
Applications
10,629
Volume
$5 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.134%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$264
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
58.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Report Card
BMO Bank National Association performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
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 | Strong | Highly Competitive | |
Places Geographic coverage | Sound | 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
$915,566
Average Borrower Income
$359,675
Average Property Value
$1,253,286
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Sound | 3,417 | 55.3% | +0.237% | $809 |
FHA Loans | Sound | Strong | Sound | Sound | 169 | 2.7% | +0.640% | $1,338 |
VA Loans | Acceptable | Sound | N/A | Mediocre | 17 | 0.3% | +0.063% | $2,700 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 2,578 | 41.7% | -0.060% | -$645 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Sound | 5,429 | 87.8% | +0.118% | $320 |
Refinance | Sound | Strong | Sound | Sound | 752 | 12.2% | +0.258% | -$177 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
San Jose, CAMSA
Volume: 687Mix: 11.11%
Place Specialization
Exceptional
2
San Francisco, CAMSA
Volume: 281Mix: 4.55%
Place Specialization
Exceptional
3
Oakland, CAMSA
Volume: 479Mix: 7.75%
Place Specialization
Exceptional
4
Los Angeles, CAMSA
Volume: 562Mix: 9.09%
Place Specialization
Exceptional
5
Chicago, ILMSA
Volume: 453Mix: 7.33%
Place Specialization
Strong
6
Anaheim, CAMSA
Volume: 190Mix: 3.07%
Place Specialization
Strong
7
San Rafael, CA, CAMSA
Volume: 51Mix: 0.83%
Place Specialization
Strong
8
Milwaukee, WIMSA
Volume: 160Mix: 2.59%
Place Specialization
Strong
9
Denver, COMSA
Volume: 203Mix: 3.28%
Place Specialization
Strong
10
Phoenix, AZMSA
Volume: 239Mix: 3.87%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 2,800Mix: 45.30%
Place Specialization
Exceptional
2
ILState
Volume: 582Mix: 9.42%
Place Specialization
Strong
3
WIState
Volume: 378Mix: 6.12%
Place Specialization
Strong
4
AZState
Volume: 308Mix: 4.98%
Place Specialization
Strong
5
COState
Volume: 286Mix: 4.63%
Place Specialization
Strong
6
WAState
Volume: 206Mix: 3.33%
Place Specialization
Strong
7
ORState
Volume: 100Mix: 1.62%
Place Specialization
Strong
8
KSState
Volume: 67Mix: 1.08%
Place Specialization
Sound
9
NVState
Volume: 72Mix: 1.16%
Place Specialization
Sound
10
TXState
Volume: 189Mix: 3.06%
Place Specialization
Sound
Showing 10 of 41 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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