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We analyzed every closed loan from Discover Bank — 1.6k loans across 14k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Mediocre
closing strength
Products
Sound
Conventional
Place
Sound
National · 35 mkts
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Safe Rate's Summary
What They Do Well
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
Discover Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +44.0 bps above market avg | |
Pull Through Closing strength | Below peers Bottom 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Industry Standard Top 60% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Industry Standard Top 60% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders National36 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,599 | 100.0% | +0.440%Above | $0Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 288 | 18.0% | +0.302%Above | $0Fees | ||||
Refinance | 1,311 | 82.0% | +0.472%Above | $0Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,599
Applications
13,614
Volume
$242 million
Pricing & Closing
Avg Rate Spread
+0.440%
vs. market APOR
Avg Net Fees
$0
Origination − Credits
Pullthrough Rate
11.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$151,373
Avg Borrower Income
$99,994
Avg Property Value
$346,882
Geographic Coverage
Geographic Performance
Metro Areas
35
States Served
47
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDEFLGAIDILINKSKYLAMAMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Houston, TXMSA
Volume: 65Mix: 4.07%of portfolio
Place
Sound2
Dallas, TXMSA
Volume: 50Mix: 3.13%of portfolio
Place
Sound3
Atlanta, GAMSA
Volume: 42Mix: 2.63%of portfolio
Place
Sound4
Fort Worth, TXMSA
Volume: 29Mix: 1.81%of portfolio
Place
Sound5
Chicago, ILMSA
Volume: 34Mix: 2.13%of portfolio
Place
Sound6
New York, NY-NJMSA
Volume: 26Mix: 1.63%of portfolio
Place
Sound7
San Antonio, TXMSA
Volume: 21Mix: 1.31%of portfolio
Place
Sound8
Pittsburgh, PA, PAMSA
Volume: 18Mix: 1.13%of portfolio
Place
Sound9
Nassau County, NYMSA
Volume: 18Mix: 1.13%of portfolio
Place
Sound10
Buffalo, NYMSA
Volume: 17Mix: 1.06%of portfolio
Place
SoundShowing 10 of 35 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 242Mix: 15.13%of portfolio
Place
Strong2
PAState
Volume: 94Mix: 5.88%of portfolio
Place
Sound3
NYState
Volume: 89Mix: 5.57%of portfolio
Place
Sound4
GAState
Volume: 91Mix: 5.69%of portfolio
Place
Sound5
FLState
Volume: 136Mix: 8.51%of portfolio
Place
Sound6
OHState
Volume: 85Mix: 5.32%of portfolio
Place
Sound7
NJState
Volume: 56Mix: 3.50%of portfolio
Place
Sound8
ILState
Volume: 61Mix: 3.81%of portfolio
Place
Sound9
TNState
Volume: 57Mix: 3.56%of portfolio
Place
Sound10
INState
Volume: 53Mix: 3.31%of portfolio
Place
SoundShowing 10 of 34 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.
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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.