We analyzed every closed loan from First Dakota National Bank — 441 loans across 532 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 2 mkts
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 10.80 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and USDA loans
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Report Card
First Dakota National Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 10.8 bps below 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
Sound
Top 60% of lenders
USDA
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
Multi-Regional · 3 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 | 373 | 84.6% | -0.093%Below | $1,004Fees | ||||
FHA Loans | 35 | 7.9% | -0.020%Below | $752Fees | ||||
VA Loans | — | 13 | 2.9% | -0.536%Below | $852Fees | |||
USDA Loans | — | — | 14 | 3.2% | -0.561%Below | $215Fees |
Conventional
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume373
Mix84.6%
Spread
-0.093%Below
Fees
$1,004Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume35
Mix7.9%
Spread
-0.020%Below
Fees
$752Fees
VA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume13
Mix2.9%
Spread
-0.536%Below
Fees
$852Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume14
Mix3.2%
Spread
-0.561%Below
Fees
$215Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 366 | 83.0% | -0.116%Below | $1,036Fees | ||||
Refinance | 75 | 17.0% | -0.070%Below | $1,029Fees |
Purchase
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume366
Mix83.0%
Spread
-0.116%Below
Fees
$1,036Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume75
Mix17.0%
Spread
-0.070%Below
Fees
$1,029Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
441
Applications
532
Volume
$147 million
Pricing & Closing
Avg Rate Spread
-0.108%
vs. market APOR
Avg Net Fees
$1,035
Origination − Credits
Pullthrough Rate
82.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$335,295
Avg Borrower Income
$178,018
Avg Property Value
$489,308
Geographic Coverage
Geographic Performance
Metro Areas
2
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Midwest6
IAMNNDNESDWI
South1
FL
West2
AZCO
Top Metro Areas by Place Specialization Score
Volume 219Mix 49.66% of portfolio
87/100
Exceptional
Volume 14Mix 3.17% of portfolio
45/100
SoundTop States by Place Specialization Score
1
South DakotaState
Volume 409Mix 92.74% of portfolio
91/100
ExceptionalHow 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.