We analyzed every closed loan from Charles Schwab Bank, SSB — 2.9k 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
Strong
4/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Sound
3/5
National · 49 mkts
Awards
Conventional
Superstar
Jumbo
Superstar
Purchase
Superstar
Refinance
Superstar
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
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Rates 24.8 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
Jumbo
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% 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 | 1,454 | 49.7% | -0.234%Below | $865Fees | ||||
Jumbo Loans | 1,469 | 50.3% | -0.261%Below | $782Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,454
Mix49.7%
Spread
-0.234%Below
Fees
$865Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughExceptional
Volume1,469
Mix50.3%
Spread
-0.261%Below
Fees
$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 |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughStrong
Volume2,142
Mix73.3%
Spread
-0.254%Below
Fees
$944Fees
Refinance
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume781
Mix26.7%
Spread
-0.226%Below
Fees
$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
markets with activity
States Served
50
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
50Northeast9
CTMEMANHNJNYPARIVT
Midwest11
IAILINKSMIMNMONEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 109Mix 3.73% of portfolio
76/100
Strong
Volume 43Mix 1.47% of portfolio
73/100
Strong
Volume 117Mix 4.00% of portfolio
70/100
Strong
Volume 90Mix 3.08% of portfolio
68/100
Strong
Volume 88Mix 3.01% of portfolio
65/100
Strong
Volume 107Mix 3.66% of portfolio
64/100
Strong
Volume 69Mix 2.36% of portfolio
63/100
Strong
Volume 77Mix 2.63% of portfolio
61/100
Strong
Volume 84Mix 2.87% of portfolio
61/100
Strong
Volume 38Mix 1.30% of portfolio
59/100
SoundShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
CaliforniaState
Volume 821Mix 28.09% of portfolio
76/100
Strong2
WashingtonState
Volume 142Mix 4.86% of portfolio
66/100
Strong3
ColoradoState
Volume 173Mix 5.92% of portfolio
66/100
Strong4
FloridaState
Volume 251Mix 8.59% of portfolio
63/100
Strong5
ArizonaState
Volume 118Mix 4.04% of portfolio
61/100
Strong6
TexasState
Volume 180Mix 6.16% of portfolio
60/100
Strong7
MassachusettsState
Volume 93Mix 3.18% of portfolio
60/100
Strong8
New JerseyState
Volume 84Mix 2.87% of portfolio
60/100
Sound9
New YorkState
Volume 82Mix 2.81% of portfolio
57/100
Sound10
VirginiaState
Volume 73Mix 2.50% of portfolio
57/100
SoundShowing 10 of 33 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.