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Devon Bank

Bank•Chicago, ILHQ•Direct•Reviews near you on Google

Devon Bank has 318 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Sound
3/5
Conventional
Place
Sound
3/5
Near-National · 4 mkts

Safe Rate Summary

What They Do Well

  • Nationwide availability with consistent service

Things to Think About

  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Devon Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+27.6 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 4 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume317
Mix99.7%
Spread
+0.281%Above
Fees
$2,039Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume299
Mix94.0%
Spread
+0.289%Above
Fees
$2,079Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through
Acceptable
Volume19
Mix6.0%
Spread
+0.083%Above
Fees
$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
markets with activity
States Served
28
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

28
28 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
CTMANHPA
Midwest9
ILINKSMIMNMONEOHWI
South10
ALFLGAKYLANCOKTNTXVA
West5
AZCAORUTWA

Top Metro Areas by Place Specialization Score

1© John Picken · CC BY 2.0
Chicago, ILMetro
Volume 79Mix 24.84% of portfolio
65/100
Strong
2© Michael Barera · CC BY-SA 4.0
Dallas, TXMetro
Volume 31Mix 9.75% of portfolio
54/100
Sound
3© David Daniel Turner · CC BY 4.0
Houston, TXMetro
Volume 31Mix 9.75% of portfolio
53/100
Sound
4© w_lemay · CC BY-SA 2.0
Minneapolis, MN-WIMetro
Volume 18Mix 5.66% of portfolio
48/100
Sound

Top States by Place Specialization Score

Illinois
Illinois
1
IllinoisState
Volume 86Mix 27.04% of portfolio
64/100
Strong
Texas
Texas
2
TexasState
Volume 81Mix 25.47% of portfolio
58/100
Sound
Minnesota
Minnesota
3
MinnesotaState
Volume 18Mix 5.66% of portfolio
47/100
Sound
Washington
Washington
4
WashingtonState
Volume 14Mix 4.40% of portfolio
44/100
Sound
California
California
5
CaliforniaState
Volume 16Mix 5.03% of portfolio
42/100
Sound
Ohio
Ohio
6
OhioState
Volume 10Mix 3.14% of portfolio
39/100
Acceptable

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.