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We analyzed every closed loan from Cadence Bank — 6.2k loans across 9k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar
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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
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Report Card
Cadence Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +17.1 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Market Leader Top 10% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,088 | 66.3% | +0.149%Above | $2,159Fees | ||||
FHA Loans | 1,027 | 16.7% | +0.343%Above | $1,898Fees | ||||
VA Loans | 233 | 3.8% | -0.322%Below | $1,928Fees | ||||
Jumbo Loans | 735 | 11.9% | +0.212%Above | $2,252Fees | ||||
USDA Loans | 85 | 1.4% | +0.206%Above | $1,747Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,624 | 91.2% | +0.145%Above | $2,128Fees | ||||
Refinance | 544 | 8.8% | +0.391%Above | $1,952Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,168
Applications
8,799
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.171%
vs. market APOR
Avg Net Fees
$2,109
Origination − Credits
Pullthrough Rate
70.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$429,102
Avg Borrower Income
$200,976
Avg Property Value
$538,093
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
19
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCOFLGAILINKYLAMOMSNCNEOKSCTNTXVA
Top Metro Areas by Place Specialization Score
1
Jackson, MS, MSMSA
Volume: 450Mix: 7.30%of portfolio
Place
Exceptional2
Birmingham, AL, ALMSA
Volume: 339Mix: 5.50%of portfolio
Place
Exceptional3
Houston, TXMSA
Volume: 926Mix: 15.01%of portfolio
Place
Exceptional4
Memphis, TNMSA
Volume: 421Mix: 6.83%of portfolio
Place
Exceptional5
Gulfport, MSMSA
Volume: 158Mix: 2.56%of portfolio
Place
Exceptional6
Shreveport, LAMSA
Volume: 96Mix: 1.56%of portfolio
Place
Exceptional7
Killeen, TXMSA
Volume: 133Mix: 2.16%of portfolio
Place
Strong8
Springfield, MO, MOMSA
Volume: 123Mix: 1.99%of portfolio
Place
Strong9
Dallas, TXMSA
Volume: 345Mix: 5.59%of portfolio
Place
Strong10
Austin, TXMSA
Volume: 208Mix: 3.37%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
MSState
Volume: 1,336Mix: 21.66%of portfolio
Place
Exceptional2
ALState
Volume: 756Mix: 12.26%of portfolio
Place
Exceptional3
TXState
Volume: 2,034Mix: 32.98%of portfolio
Place
Exceptional4
TNState
Volume: 681Mix: 11.04%of portfolio
Place
Exceptional5
ARState
Volume: 311Mix: 5.04%of portfolio
Place
Strong6
LAState
Volume: 235Mix: 3.81%of portfolio
Place
Strong7
GAState
Volume: 282Mix: 4.57%of portfolio
Place
Strong8
MOState
Volume: 175Mix: 2.84%of portfolio
Place
Strong9
FLState
Volume: 236Mix: 3.83%of portfolio
Place
Strong10
SCState
Volume: 52Mix: 0.84%of portfolio
Place
SoundShowing 10 of 13 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.