Looking for a different lender?
C
Charles Schwab Bank, SSB
Bank|Westlake, TX|National
Loans Originated
2,923
Applications
3,142
Volume
$2 billion
Sources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.248%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$823
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
93.0%
Percentage of applications that result in closed loans
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
Report Card
Charles Schwab Bank, SSB performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 50 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$970,730
Average Borrower Income
$482,087
Average Property Value
$1,765,448
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,454 | 49.7% | -0.234% | $865 |
Jumbo Loans | Strong | Exceptional | Sound | Exceptional | 1,469 | 50.3% | -0.261% | $782 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 2,142 | 73.3% | -0.254% | $944 |
Refinance | Sound | Strong | Acceptable | Exceptional | 781 | 26.7% | -0.226% | $412 |
Geographic Coverage
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
San Francisco, CAMSA
Volume: 109Mix: 3.73%
Place Specialization
Strong
2
San Rafael, CA, CAMSA
Volume: 43Mix: 1.47%
Place Specialization
Strong
3
Oakland, CAMSA
Volume: 117Mix: 4.00%
Place Specialization
Strong
4
San Jose, CAMSA
Volume: 90Mix: 3.08%
Place Specialization
Strong
5
Seattle, WAMSA
Volume: 88Mix: 3.01%
Place Specialization
Strong
6
Los Angeles, CAMSA
Volume: 107Mix: 3.66%
Place Specialization
Strong
7
Anaheim, CAMSA
Volume: 69Mix: 2.36%
Place Specialization
Strong
8
San Diego, CAMSA
Volume: 77Mix: 2.63%
Place Specialization
Strong
9
Denver, COMSA
Volume: 84Mix: 2.87%
Place Specialization
Strong
10
Bridgeport, CTMSA
Volume: 38Mix: 1.30%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 821Mix: 28.09%
Place Specialization
Strong
2
WAState
Volume: 142Mix: 4.86%
Place Specialization
Strong
3
COState
Volume: 173Mix: 5.92%
Place Specialization
Strong
4
FLState
Volume: 251Mix: 8.59%
Place Specialization
Strong
5
AZState
Volume: 118Mix: 4.04%
Place Specialization
Strong
6
TXState
Volume: 180Mix: 6.16%
Place Specialization
Strong
7
MAState
Volume: 93Mix: 3.18%
Place Specialization
Strong
8
NJState
Volume: 84Mix: 2.87%
Place Specialization
Sound
9
NYState
Volume: 82Mix: 2.81%
Place Specialization
Sound
10
VAState
Volume: 73Mix: 2.50%
Place Specialization
Sound
Showing 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.
Ready to Get Started?
Compare Charles Schwab Bank, SSB with other lenders or get personalized recommendations.