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We analyzed every closed loan from Firstbank Tn — 3.5k loans across 5k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Sound
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Near-National · 22 mkts
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
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Report Card
FirstBank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Industry Standard +21.6 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Near-National23 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,379 | 68.6% | +0.208%Above | $2,169Fees | ||||
FHA Loans | 691 | 19.9% | +0.415%Above | $2,557Fees | ||||
VA Loans | 247 | 7.1% | -0.381%Below | $1,540Fees | ||||
Jumbo Loans | 91 | 2.6% | +0.258%Above | $1,436Fees | ||||
USDA Loans | 60 | 1.7% | +0.226%Above | $2,792Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,962 | 85.4% | +0.212%Above | $2,152Fees | ||||
Refinance | 506 | 14.6% | +0.241%Above | $2,436Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,468
Applications
4,590
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.216%
vs. market APOR
Avg Net Fees
$2,195
Origination − Credits
Pullthrough Rate
75.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$352,021
Avg Borrower Income
$140,506
Avg Property Value
$472,217
Geographic Coverage
Geographic Performance
Metro Areas
22
States Served
32
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACOFLGAILINKSKYLAMIMOMSNCNENJNYOHORPARISCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Dalton, GA, GAMSA
Volume: 116Mix: 3.34%of portfolio
Place
Exceptional2
Chattanooga, TN, TN-GAMSA
Volume: 351Mix: 10.12%of portfolio
Place
Exceptional3
Nashville, TNMSA
Volume: 932Mix: 26.87%of portfolio
Place
Exceptional4
Huntsville, AL, ALMSA
Volume: 386Mix: 11.13%of portfolio
Place
Exceptional5
Birmingham, AL, ALMSA
Volume: 346Mix: 9.98%of portfolio
Place
Exceptional6
Daphne, ALMSA
Volume: 126Mix: 3.63%of portfolio
Place
Strong7
Cleveland, TN, TNMSA
Volume: 37Mix: 1.07%of portfolio
Place
Strong8
Morristown, TN, TNMSA
Volume: 28Mix: 0.81%of portfolio
Place
Strong9
Knoxville, TN, TNMSA
Volume: 90Mix: 2.60%of portfolio
Place
Strong10
Jackson, TN, TNMSA
Volume: 50Mix: 1.44%of portfolio
Place
StrongShowing 10 of 22 metro areas
Top States by Place Specialization Score
1
TNState
Volume: 1,926Mix: 55.54%of portfolio
Place
Exceptional2
ALState
Volume: 1,072Mix: 30.91%of portfolio
Place
Exceptional3
GAState
Volume: 292Mix: 8.42%of portfolio
Place
Strong4
KYState
Volume: 36Mix: 1.04%of portfolio
Place
Sound5
MSState
Volume: 15Mix: 0.43%of portfolio
Place
Sound6
FLState
Volume: 35Mix: 1.01%of portfolio
Place
Sound7
SCState
Volume: 11Mix: 0.32%of portfolio
Place
Acceptable8
NCState
Volume: 11Mix: 0.32%of portfolio
Place
AcceptableHow 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.