We analyzed every closed loan from Encore Bank — 555 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Near-National · 7 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Encore Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+24.7 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 8 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 428 | 77.1% | +0.268%Above | $1,253Fees | ||||
FHA Loans | 65 | 11.7% | +0.300%Above | $1,032Fees | ||||
VA Loans | 30 | 5.4% | -0.377%Below | $1,207Fees | ||||
Jumbo Loans | 26 | 4.7% | +0.275%Above | $1,462Fees |
Conventional
OverallSound
ProductStrong
PricingStrong
Pull ThroughSound
Volume428
Mix77.1%
Spread
+0.268%Above
Fees
$1,253Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume65
Mix11.7%
Spread
+0.300%Above
Fees
$1,032Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume30
Mix5.4%
Spread
-0.377%Below
Fees
$1,207Fees
Jumbo Loans
OverallSound
ProductSound
PricingStrong
Pull ThroughAcceptable
Volume26
Mix4.7%
Spread
+0.275%Above
Fees
$1,462Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 504 | 90.8% | +0.244%Above | $1,283Fees | ||||
Refinance | 51 | 9.2% | +0.269%Above | $794Fees |
Purchase
OverallSound
ProductStrong
PricingStrong
Pull ThroughSound
Volume504
Mix90.8%
Spread
+0.244%Above
Fees
$1,283Fees
Refinance
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume51
Mix9.2%
Spread
+0.269%Above
Fees
$794Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
555
Applications
1,014
Volume
$219 million
Pricing & Closing
Avg Rate Spread
+0.247%
vs. market APOR
Avg Net Fees
$1,234
Origination − Credits
Pullthrough Rate
54.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$395,505
Avg Borrower Income
$200,584
Avg Property Value
$522,676
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
26Northeast3
MENJNY
Midwest5
ILKSMIMNMO
South13
ALARFLGALAMDMSNCOKSCTNTXVA
West5
CACONMUTWA
Top Metro Areas by Place Specialization Score
Volume 226Mix 40.72% of portfolio
92/100
Exceptional
Volume 32Mix 5.77% of portfolio
74/100
Strong
Volume 100Mix 18.02% of portfolio
73/100
Strong
Volume 26Mix 4.68% of portfolio
69/100
Strong
Volume 29Mix 5.23% of portfolio
53/100
Sound
Volume 27Mix 4.86% of portfolio
52/100
Sound
Volume 10Mix 1.80% of portfolio
38/100
AcceptableTop States by Place Specialization Score
1
ArkansasState
Volume 408Mix 73.51% of portfolio
84/100
Exceptional2
TexasState
Volume 56Mix 10.09% of portfolio
52/100
Sound3
ColoradoState
Volume 32Mix 5.77% of portfolio
51/100
Sound4
TennesseeState
Volume 10Mix 1.80% of portfolio
38/100
AcceptableHow 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.