We analyzed every closed loan from First Reliance Bank — 969 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
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Multi-Region · 11 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Jumbo
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 VA and Jumbo loans
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Report Card
First Reliance Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+11.1 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
Sound
Top 60% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
USDA
Sound
Top 60% 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 · 12 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 | 859 | 88.6% | +0.121%Above | $1,964Fees | ||||
FHA Loans | 26 | 2.7% | +0.253%Above | $930Fees | ||||
VA Loans | 30 | 3.1% | -0.355%Below | $1,479Fees | ||||
Jumbo Loans | 31 | 3.2% | +0.264%Above | $623Fees | ||||
USDA Loans | — | 23 | 2.4% | -0.028%Below | $2,702Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume859
Mix88.6%
Spread
+0.121%Above
Fees
$1,964Fees
FHA Loans
OverallStrong
ProductSound
PricingExceptional
Pull ThroughStrong
Volume26
Mix2.7%
Spread
+0.253%Above
Fees
$930Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume30
Mix3.1%
Spread
-0.355%Below
Fees
$1,479Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume31
Mix3.2%
Spread
+0.264%Above
Fees
$623Fees
USDA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughAcceptable
Volume23
Mix2.4%
Spread
-0.028%Below
Fees
$2,702Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 853 | 88.0% | +0.111%Above | $1,919Fees | ||||
Refinance | 116 | 12.0% | +0.115%Above | $1,818Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume853
Mix88.0%
Spread
+0.111%Above
Fees
$1,919Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume116
Mix12.0%
Spread
+0.115%Above
Fees
$1,818Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
969
Applications
1,149
Volume
$305 million
Pricing & Closing
Avg Rate Spread
+0.111%
vs. market APOR
Avg Net Fees
$1,906
Origination − Credits
Pullthrough Rate
84.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$314,907
Avg Borrower Income
$160,675
Avg Property Value
$450,243
Geographic Coverage
Geographic Performance
Metro Areas
11
markets with activity
States Served
11
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
11Midwest1
MI
South8
ALFLGANCSCTXVAWV
West2
CAMT
Top Metro Areas by Place Specialization Score
Volume 227Mix 23.43% of portfolio
90/100
Exceptional
Volume 71Mix 7.33% of portfolio
88/100
Exceptional
Volume 168Mix 17.34% of portfolio
84/100
Exceptional
Volume 83Mix 8.57% of portfolio
73/100
Strong
Volume 63Mix 6.50% of portfolio
68/100
Strong
Volume 31Mix 3.20% of portfolio
61/100
Strong
Volume 22Mix 2.27% of portfolio
55/100
Sound
Volume 19Mix 1.96% of portfolio
53/100
Sound
Volume 11Mix 1.14% of portfolio
44/100
Sound
Volume 11Mix 1.14% of portfolio
39/100
AcceptableShowing 10 of 11 metro areas
Top States by Place Specialization Score
1
South CarolinaState
Volume 679Mix 70.07% of portfolio
90/100
Exceptional2
VirginiaState
Volume 120Mix 12.38% of portfolio
66/100
Strong3
GeorgiaState
Volume 83Mix 8.57% of portfolio
60/100
Sound4
North CarolinaState
Volume 48Mix 4.95% of portfolio
52/100
Sound5
West VirginiaState
Volume 23Mix 2.37% of portfolio
52/100
SoundHow 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.