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FirstBank

Bank|Lakewood, CO|Regional
Loans Originated
985
Applications
1,513
Volume
$549 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate AwardsJumbo Superstar

Pricing and Pullthrough Overview

Average Rate Spread
-0.276%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,217
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.1%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Particularly strong in Conventional and Jumbo loans

Report Card

FirstBank performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
SoundIndustry Standard
Pull Through
Closing Strength
SoundIndustry Standard
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
Jumbo
ExceptionalMarket Leader
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
StrongHighly Competitive
Places
Geographic coverage
StrongRegional · 8 metro areas · 3 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$557,832
Average Borrower Income
$235,158
Average Property Value
$894,888

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Sound
Sound
81182.3%-0.294%$1,316
Jumbo Loans
Strong
Exceptional
Sound
Strong
16917.2%-0.222%$736

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Strong
Sound
Sound
82283.5%-0.302%$1,246
Refinance
Sound
Strong
Acceptable
Sound
16316.5%-0.154%$1,075

Geographic Coverage

Metro Areas
7
States Served
3
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

AZCACO

Top Metro Areas by Place Specialization Score

1
Denver, COMSA
Volume: 493Mix: 50.05%
Place Specialization
Exceptional
2
Fort Collins, COMSA
Volume: 75Mix: 7.61%
Place Specialization
Strong
3
Greeley, CO, COMSA
Volume: 65Mix: 6.60%
Place Specialization
Strong
4
Boulder, CO, COMSA
Volume: 57Mix: 5.79%
Place Specialization
Strong
5
Phoenix, AZMSA
Volume: 83Mix: 8.43%
Place Specialization
Strong
6
Colorado Springs, CO, COMSA
Volume: 44Mix: 4.47%
Place Specialization
Sound
7
Riverside, CAMSA
Volume: 18Mix: 1.83%
Place Specialization
Sound

Top States by Place Specialization Score

1
COState
Volume: 881Mix: 89.44%
Place Specialization
Exceptional
2
AZState
Volume: 84Mix: 8.53%
Place Specialization
Strong
3
CAState
Volume: 20Mix: 2.03%
Place Specialization
Sound

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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