We analyzed every closed loan from Commerce Bank — 1.1k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Near-National · 12 mkts
Awards
Jumbo
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Commerce Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+23.9 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Acceptable
Bottom 40% of lenders
Jumbo
Strong
Top 40% 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
Near-National · 13 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 | 949 | 85.3% | +0.233%Above | $456Fees | ||||
FHA Loans | 64 | 5.8% | +1.057%Above | $239Fees | ||||
VA Loans | — | 11 | 1.0% | +0.424%Above | $726Fees | |||
Jumbo Loans | 88 | 7.9% | -0.252%Below | $789Fees |
Conventional
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume949
Mix85.3%
Spread
+0.233%Above
Fees
$456Fees
FHA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume64
Mix5.8%
Spread
+1.057%Above
Fees
$239Fees
VA Loans
OverallAcceptable
ProductAcceptable
Pricing—
Pull ThroughAcceptable
Volume11
Mix1.0%
Spread
+0.424%Above
Fees
$726Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume88
Mix7.9%
Spread
-0.252%Below
Fees
$789Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 894 | 80.4% | +0.128%Above | $410Fees | ||||
Refinance | 218 | 19.6% | +0.726%Above | $745Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughAcceptable
Volume894
Mix80.4%
Spread
+0.128%Above
Fees
$410Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume218
Mix19.6%
Spread
+0.726%Above
Fees
$745Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,112
Applications
1,994
Volume
$372 million
Pricing & Closing
Avg Rate Spread
+0.239%
vs. market APOR
Avg Net Fees
$473
Origination − Credits
Pullthrough Rate
55.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$334,865
Avg Borrower Income
$196,035
Avg Property Value
$499,703
Geographic Coverage
Geographic Performance
Metro Areas
12
markets with activity
States Served
33
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
33Northeast3
NHNYRI
Midwest9
IAILINKSMIMNMOOHWI
South12
ALARDCFLGALAMSOKSCTNTXVA
West9
AZCACOHINMNVUTWAWY
Top Metro Areas by Place Specialization Score
Volume 332Mix 29.86% of portfolio
80/100
Strong
Volume 230Mix 20.68% of portfolio
79/100
Strong
Volume 60Mix 5.40% of portfolio
68/100
Strong
Volume 27Mix 2.43% of portfolio
64/100
Strong
Volume 49Mix 4.41% of portfolio
63/100
Strong
Volume 64Mix 5.76% of portfolio
60/100
Strong
Volume 28Mix 2.52% of portfolio
58/100
Sound
Volume 20Mix 1.80% of portfolio
50/100
Sound
Volume 12Mix 1.08% of portfolio
45/100
Sound
Volume 12Mix 1.08% of portfolio
42/100
SoundShowing 10 of 12 metro areas
Top States by Place Specialization Score
1
MissouriState
Volume 634Mix 57.01% of portfolio
82/100
Exceptional2
KansasState
Volume 216Mix 19.42% of portfolio
81/100
Exceptional3
ColoradoState
Volume 83Mix 7.46% of portfolio
60/100
Strong4
IllinoisState
Volume 52Mix 4.68% of portfolio
54/100
Sound5
OklahomaState
Volume 19Mix 1.71% of portfolio
46/100
Sound6
TexasState
Volume 29Mix 2.61% of portfolio
43/100
Sound7
FloridaState
Volume 12Mix 1.08% of portfolio
34/100
AcceptableHow 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.