We analyzed every closed loan from First Bank — 1.2k loans across 2k 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
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Near-National · 10 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
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Report Card
First Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+14.0 bps above market avg
Pull Through
Closing strength
Strong
Top 40% 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
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 11 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 | 1,018 | 82.2% | +0.125%Above | $1,462Fees | ||||
FHA Loans | 119 | 9.6% | +0.413%Above | $1,916Fees | ||||
VA Loans | 59 | 4.8% | -0.221%Below | $819Fees | ||||
Jumbo Loans | 39 | 3.2% | +0.211%Above | $1,277Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume1,018
Mix82.2%
Spread
+0.125%Above
Fees
$1,462Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume119
Mix9.6%
Spread
+0.413%Above
Fees
$1,916Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume59
Mix4.8%
Spread
-0.221%Below
Fees
$819Fees
Jumbo Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughStrong
Volume39
Mix3.2%
Spread
+0.211%Above
Fees
$1,277Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,073 | 86.7% | +0.133%Above | $1,472Fees | ||||
Refinance | 165 | 13.3% | +0.182%Above | $1,469Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume1,073
Mix86.7%
Spread
+0.133%Above
Fees
$1,472Fees
Refinance
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume165
Mix13.3%
Spread
+0.182%Above
Fees
$1,469Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,238
Applications
1,568
Volume
$445 million
Pricing & Closing
Avg Rate Spread
+0.140%
vs. market APOR
Avg Net Fees
$1,471
Origination − Credits
Pullthrough Rate
79.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$359,580
Avg Borrower Income
$159,739
Avg Property Value
$492,811
Geographic Coverage
Geographic Performance
Metro Areas
10
markets with activity
States Served
29
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
29Northeast2
MAPA
Midwest10
IAILINKSMIMNMONEOHWI
South11
ALARFLGANCOKSCTNTXVAWV
West6
AZCACONVORWA
Top Metro Areas by Place Specialization Score
Volume 465Mix 37.56% of portfolio
84/100
Exceptional
Volume 255Mix 20.60% of portfolio
80/100
Strong
Volume 130Mix 10.50% of portfolio
75/100
Strong
Volume 94Mix 7.59% of portfolio
72/100
Strong
Volume 18Mix 1.45% of portfolio
48/100
Sound
Volume 13Mix 1.05% of portfolio
45/100
Sound
Volume 16Mix 1.29% of portfolio
43/100
Sound
Volume 12Mix 0.97% of portfolio
42/100
Sound
Volume 11Mix 0.89% of portfolio
41/100
Sound
Volume 12Mix 0.97% of portfolio
40/100
AcceptableTop States by Place Specialization Score
1
KansasState
Volume 232Mix 18.74% of portfolio
81/100
Exceptional2
MissouriState
Volume 547Mix 44.18% of portfolio
80/100
Exceptional3
NebraskaState
Volume 228Mix 18.42% of portfolio
78/100
Strong4
CaliforniaState
Volume 118Mix 9.53% of portfolio
58/100
Sound5
OklahomaState
Volume 17Mix 1.37% of portfolio
44/100
Sound6
IllinoisState
Volume 20Mix 1.62% of portfolio
43/100
Sound7
FloridaState
Volume 11Mix 0.89% of portfolio
33/100
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.