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Devon Bank

BankChicago, ILDirect to Consumer

Devon Bank has 318 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing
Sound
vs. all lenders
Pull Through
Acceptable
closing strength
Products
Sound
Conventional
Place
Sound
Near-National · 4 mkts

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Safe Rate's Summary

What They Do Well

  • Nationwide availability with consistent service

Things to Think About

  • Pull through efficiency is below industry average

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Report Card

Devon Bank performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
Industry Standard
+27.6 bps above market avg
Pull Through
Closing strength
Acceptable
Near industry average
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Acceptable
Near industry average
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Near-National4 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Sound
Sound
Acceptable
31799.7%
+0.281%Above
$2,039Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Sound
Sound
Acceptable
29994.0%
+0.289%Above
$2,079Fees
Refinance
Acceptable
Acceptable
Acceptable
196.0%
+0.083%Above
$1,457Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
318
Applications
556
Volume
$131 million
Pricing & Closing
Avg Rate Spread
+0.276%
vs. market APOR
Avg Net Fees
$2,041
Origination − Credits
Pullthrough Rate
57.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$412,956
Avg Borrower Income
$159,918
Avg Property Value
$527,579

Geographic Coverage

Geographic Performance

Metro Areas
4
States Served
28
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
Chicago, ILMSA
Volume: 79Mix: 24.84%of portfolio
Place
Strong
2
Dallas, TXMSA
Volume: 31Mix: 9.75%of portfolio
Place
Sound
3
Houston, TXMSA
Volume: 31Mix: 9.75%of portfolio
Place
Sound
4
Minneapolis, MN-WIMSA
Volume: 18Mix: 5.66%of portfolio
Place
Sound

Top States by Place Specialization Score

1
ILState
Volume: 86Mix: 27.04%of portfolio
Place
Strong
2
TXState
Volume: 81Mix: 25.47%of portfolio
Place
Sound
3
MNState
Volume: 18Mix: 5.66%of portfolio
Place
Sound
4
WAState
Volume: 14Mix: 4.40%of portfolio
Place
Sound
5
CAState
Volume: 16Mix: 5.03%of portfolio
Place
Sound
6
OHState
Volume: 10Mix: 3.14%of portfolio
Place
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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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.