We analyzed every closed loan from Discover Bank — 1.6k loans across 14k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Mediocre
1/5
closing strength
Product
Sound
3/5
Conventional
Place
Sound
3/5
National · 35 mkts
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
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+44.0 bps above market avg
Pull Through
Closing strength
Mediocre
Bottom 20% 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
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 36 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 | 1,599 | 100.0% | +0.440%Above | $0Fees |
Conventional
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughMediocre
Volume1,599
Mix100.0%
Spread
+0.440%Above
Fees
$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 |
Purchase
OverallAcceptable
ProductSound
PricingStrong
Pull ThroughMediocre
Volume288
Mix18.0%
Spread
+0.302%Above
Fees
$0Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughAcceptable
Volume1,311
Mix82.0%
Spread
+0.472%Above
Fees
$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
markets with activity
States Served
47
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
47Northeast9
CTMEMANHNJNYPARIVT
Midwest11
ILINKSMIMNMONDNEOHSDWI
South15
ALARDEFLGAKYLAMSNCOKSCTNTXVAWV
West12
AKAZCACOIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 65Mix 4.07% of portfolio
57/100
Sound
Volume 50Mix 3.13% of portfolio
55/100
Sound
Volume 42Mix 2.63% of portfolio
53/100
Sound
4© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 29Mix 1.81% of portfolio
51/100
Sound
Volume 34Mix 2.13% of portfolio
50/100
Sound
Volume 26Mix 1.63% of portfolio
49/100
Sound
Volume 21Mix 1.31% of portfolio
46/100
Sound
Volume 18Mix 1.13% of portfolio
46/100
Sound
Volume 18Mix 1.13% of portfolio
46/100
Sound
Volume 17Mix 1.06% of portfolio
46/100
SoundShowing 10 of 35 metro areas
Top States by Place Specialization Score
1
TexasState
Volume 242Mix 15.13% of portfolio
66/100
Strong2
PennsylvaniaState
Volume 94Mix 5.88% of portfolio
60/100
Sound3
New YorkState
Volume 89Mix 5.57% of portfolio
59/100
Sound4
GeorgiaState
Volume 91Mix 5.69% of portfolio
59/100
Sound5
FloridaState
Volume 136Mix 8.51% of portfolio
59/100
Sound6
OhioState
Volume 85Mix 5.32% of portfolio
58/100
Sound7
New JerseyState
Volume 56Mix 3.50% of portfolio
56/100
Sound8
IllinoisState
Volume 61Mix 3.81% of portfolio
55/100
Sound9
TennesseeState
Volume 57Mix 3.56% of portfolio
55/100
Sound10
IndianaState
Volume 53Mix 3.31% of portfolio
53/100
SoundShowing 10 of 34 states
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.