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We analyzed every closed loan from Charles Schwab Bank SSB — 2.9k loans across 3k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
Conventional · Jumbo
Place
Sound
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Charles Schwab Bank, SSB performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average Rates 24.8 bps below market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
Jumbo | Market Leader Top 10% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,454 | 49.7% | -0.234%Below | $865Fees | ||||
Jumbo Loans | 1,469 | 50.3% | -0.261%Below | $782Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,142 | 73.3% | -0.254%Below | $944Fees | ||||
Refinance | 781 | 26.7% | -0.226%Below | $412Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,923
Applications
3,142
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
-0.248%
vs. market APOR
Avg Net Fees
$823
Origination − Credits
Pullthrough Rate
93.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$970,730
Avg Borrower Income
$482,087
Avg Property Value
$1,765,448
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
San Francisco, CAMSA
Volume: 109Mix: 3.73%of portfolio
Place
Strong2
San Rafael, CA, CAMSA
Volume: 43Mix: 1.47%of portfolio
Place
Strong3
Oakland, CAMSA
Volume: 117Mix: 4.00%of portfolio
Place
Strong4
San Jose, CAMSA
Volume: 90Mix: 3.08%of portfolio
Place
Strong5
Seattle, WAMSA
Volume: 88Mix: 3.01%of portfolio
Place
Strong6
Los Angeles, CAMSA
Volume: 107Mix: 3.66%of portfolio
Place
Strong7
Anaheim, CAMSA
Volume: 69Mix: 2.36%of portfolio
Place
Strong8
San Diego, CAMSA
Volume: 77Mix: 2.63%of portfolio
Place
Strong9
Denver, COMSA
Volume: 84Mix: 2.87%of portfolio
Place
Strong10
Bridgeport, CTMSA
Volume: 38Mix: 1.30%of portfolio
Place
SoundShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 821Mix: 28.09%of portfolio
Place
Strong2
WAState
Volume: 142Mix: 4.86%of portfolio
Place
Strong3
COState
Volume: 173Mix: 5.92%of portfolio
Place
Strong4
FLState
Volume: 251Mix: 8.59%of portfolio
Place
Strong5
AZState
Volume: 118Mix: 4.04%of portfolio
Place
Strong6
TXState
Volume: 180Mix: 6.16%of portfolio
Place
Strong7
MAState
Volume: 93Mix: 3.18%of portfolio
Place
Strong8
NJState
Volume: 84Mix: 2.87%of portfolio
Place
Sound9
NYState
Volume: 82Mix: 2.81%of portfolio
Place
Sound10
VAState
Volume: 73Mix: 2.50%of portfolio
Place
SoundShowing 10 of 33 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.