We analyzed every closed loan from BMO Bank National Association — 6.2k loans across 11k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Awards
Jumbo
Champion
Conventional
Superstar
Purchase
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
BMO Bank National Association performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+13.4 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
Jumbo
Exceptional
Top 5% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 50 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 | 3,417 | 55.3% | +0.237%Above | $809Fees | ||||
FHA Loans | 169 | 2.7% | +0.640%Above | $1,338Fees | ||||
VA Loans | — | 17 | 0.3% | +0.063%Above | $2,700Fees | |||
Jumbo Loans | 2,578 | 41.7% | -0.060%Below | $645Credit |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume3,417
Mix55.3%
Spread
+0.237%Above
Fees
$809Fees
FHA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume169
Mix2.7%
Spread
+0.640%Above
Fees
$1,338Fees
VA Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughMediocre
Volume17
Mix0.3%
Spread
+0.063%Above
Fees
$2,700Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume2,578
Mix41.7%
Spread
-0.060%Below
Fees
$645Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,429 | 87.8% | +0.118%Above | $320Fees | ||||
Refinance | 752 | 12.2% | +0.258%Above | $177Credit |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughSound
Volume5,429
Mix87.8%
Spread
+0.118%Above
Fees
$320Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume752
Mix12.2%
Spread
+0.258%Above
Fees
$177Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,181
Applications
10,629
Volume
$5 billion
Pricing & Closing
Avg Rate Spread
+0.134%
vs. market APOR
Avg Net Fees
$264
Origination − Credits
Pullthrough Rate
58.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$915,566
Avg Borrower Income
$359,675
Avg Property Value
$1,253,286
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
51Nationwide · all 50 states and DCNortheast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 687Mix 11.11% of portfolio
94/100
Exceptional
Volume 281Mix 4.55% of portfolio
89/100
Exceptional
Volume 479Mix 7.75% of portfolio
88/100
Exceptional
Volume 562Mix 9.09% of portfolio
82/100
Exceptional
Volume 453Mix 7.33% of portfolio
77/100
Strong
Volume 190Mix 3.07% of portfolio
74/100
Strong
Volume 51Mix 0.83% of portfolio
74/100
Strong
Volume 160Mix 2.59% of portfolio
71/100
Strong
Volume 203Mix 3.28% of portfolio
69/100
Strong
Volume 239Mix 3.87% of portfolio
69/100
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
CaliforniaState
Volume 2,800Mix 45.30% of portfolio
86/100
Exceptional2
IllinoisState
Volume 582Mix 9.42% of portfolio
77/100
Strong3
WisconsinState
Volume 378Mix 6.12% of portfolio
75/100
Strong4
ArizonaState
Volume 308Mix 4.98% of portfolio
70/100
Strong5
ColoradoState
Volume 286Mix 4.63% of portfolio
69/100
Strong6
WashingtonState
Volume 206Mix 3.33% of portfolio
68/100
Strong7
OregonState
Volume 100Mix 1.62% of portfolio
62/100
Strong8
KansasState
Volume 67Mix 1.08% of portfolio
60/100
Sound9
NevadaState
Volume 72Mix 1.16% of portfolio
59/100
Sound10
TexasState
Volume 189Mix 3.06% of portfolio
59/100
SoundShowing 10 of 41 states
How 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.