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Commerce Bank
Bank|Kansas City, MO|Near-National
Loans Originated
1,112
Applications
1,994
Volume
$372 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards⭐Jumbo Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.239%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$473
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
55.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Report Card
Commerce Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Acceptable | Near industry average | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 13 metro areas · 33 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$334,865
Average Borrower Income
$196,035
Average Property Value
$499,703
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Sound | Sound | 949 | 85.3% | +0.233% | $456 |
FHA Loans | Sound | Strong | Sound | Sound | 64 | 5.8% | +1.057% | $239 |
VA Loans | Acceptable | Acceptable | N/A | Acceptable | 11 | 1.0% | +0.424% | $726 |
Jumbo Loans | Strong | Strong | Strong | Sound | 88 | 7.9% | -0.252% | $789 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Sound | Acceptable | 894 | 80.4% | +0.128% | $410 |
Refinance | Sound | Strong | Acceptable | Sound | 218 | 19.6% | +0.726% | $745 |
Geographic Coverage
Metro Areas
12
States Served
33
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Kansas City, MO, MO-KSMSA
Volume: 332Mix: 29.86%
Place Specialization
Strong
2
St. Louis, MO, MO-ILMSA
Volume: 230Mix: 20.68%
Place Specialization
Strong
3
Springfield, MO, MOMSA
Volume: 60Mix: 5.40%
Place Specialization
Strong
4
St. Joseph, MO, MO-KSMSA
Volume: 27Mix: 2.43%
Place Specialization
Strong
5
Wichita, KS, KSMSA
Volume: 49Mix: 4.41%
Place Specialization
Strong
6
Denver, COMSA
Volume: 64Mix: 5.76%
Place Specialization
Strong
7
Columbia, MO, MOMSA
Volume: 28Mix: 2.52%
Place Specialization
Sound
8
Peoria, IL, ILMSA
Volume: 20Mix: 1.80%
Place Specialization
Sound
9
Manhattan, KS, KSMSA
Volume: 12Mix: 1.08%
Place Specialization
Sound
10
Cape Girardeau, MO, MO-ILMSA
Volume: 12Mix: 1.08%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
MOState
Volume: 634Mix: 57.01%
Place Specialization
Exceptional
2
KSState
Volume: 216Mix: 19.42%
Place Specialization
Exceptional
3
COState
Volume: 83Mix: 7.46%
Place Specialization
Strong
4
ILState
Volume: 52Mix: 4.68%
Place Specialization
Sound
5
OKState
Volume: 19Mix: 1.71%
Place Specialization
Sound
6
TXState
Volume: 29Mix: 2.61%
Place Specialization
Sound
7
FLState
Volume: 12Mix: 1.08%
Place Specialization
Acceptable
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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