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Discover Bank
Bank|Greenwood, DE|National
Loans Originated
1,599
Applications
13,614
Volume
$242 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Mediocre
Pricing and Pullthrough Overview
Average Rate Spread
+0.440%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$0
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
11.7%
Percentage of applications that result in closed loans
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
Report Card
Discover Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Mediocre | Below peers | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 36 metro areas · 47 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$151,373
Average Borrower Income
$99,994
Average Property Value
$346,882
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Acceptable | Mediocre | 1,599 | 100.0% | +0.440% | $0 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Strong | Mediocre | 288 | 18.0% | +0.302% | $0 |
Refinance | Sound | Strong | Acceptable | Acceptable | 1,311 | 82.0% | +0.472% | $0 |
Geographic Coverage
Metro Areas
35
States Served
47
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDEFLGAIDILINKSKYLAMAMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Houston, TXMSA
Volume: 65Mix: 4.07%
Place Specialization
Sound
2
Dallas, TXMSA
Volume: 50Mix: 3.13%
Place Specialization
Sound
3
Atlanta, GAMSA
Volume: 42Mix: 2.63%
Place Specialization
Sound
4
Fort Worth, TXMSA
Volume: 29Mix: 1.81%
Place Specialization
Sound
5
Chicago, ILMSA
Volume: 34Mix: 2.13%
Place Specialization
Sound
6
New York, NY-NJMSA
Volume: 26Mix: 1.63%
Place Specialization
Sound
7
San Antonio, TXMSA
Volume: 21Mix: 1.31%
Place Specialization
Sound
8
Pittsburgh, PA, PAMSA
Volume: 18Mix: 1.13%
Place Specialization
Sound
9
Nassau County, NYMSA
Volume: 18Mix: 1.13%
Place Specialization
Sound
10
Buffalo, NYMSA
Volume: 17Mix: 1.06%
Place Specialization
Sound
Showing 10 of 35 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 242Mix: 15.13%
Place Specialization
Strong
2
PAState
Volume: 94Mix: 5.88%
Place Specialization
Sound
3
NYState
Volume: 89Mix: 5.57%
Place Specialization
Sound
4
GAState
Volume: 91Mix: 5.69%
Place Specialization
Sound
5
FLState
Volume: 136Mix: 8.51%
Place Specialization
Sound
6
OHState
Volume: 85Mix: 5.32%
Place Specialization
Sound
7
NJState
Volume: 56Mix: 3.50%
Place Specialization
Sound
8
ILState
Volume: 61Mix: 3.81%
Place Specialization
Sound
9
TNState
Volume: 57Mix: 3.56%
Place Specialization
Sound
10
INState
Volume: 53Mix: 3.31%
Place Specialization
Sound
Showing 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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