We analyzed every closed loan from Flanagan State Bank — 1.0k 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
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Near-National · 12 mkts
Awards
VA
Superstar
USDA
Superstar
Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 62 basis points above market average
Explore another lender or local market
Report Card
Flanagan State Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+62.4 bps above market avg
Pull Through
Closing strength
Sound
Top 60% 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
USDA
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 13 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 | 401 | 38.3% | +0.659%Above | $2,335Fees | ||||
FHA Loans | 348 | 33.3% | +0.828%Above | $3,126Fees | ||||
VA Loans | 81 | 7.7% | -0.097%Below | $1,269Fees | ||||
USDA Loans | 213 | 20.4% | +0.498%Above | $2,475Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume401
Mix38.3%
Spread
+0.659%Above
Fees
$2,335Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume348
Mix33.3%
Spread
+0.828%Above
Fees
$3,126Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume81
Mix7.7%
Spread
-0.097%Below
Fees
$1,269Fees
USDA Loans
OverallStrong
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume213
Mix20.4%
Spread
+0.498%Above
Fees
$2,475Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 940 | 89.9% | +0.641%Above | $2,534Fees | ||||
Refinance | 106 | 10.1% | +0.486%Above | $2,486Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume940
Mix89.9%
Spread
+0.641%Above
Fees
$2,534Fees
Refinance
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume106
Mix10.1%
Spread
+0.486%Above
Fees
$2,486Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,046
Applications
1,451
Volume
$198 million
Pricing & Closing
Avg Rate Spread
+0.624%
vs. market APOR
Avg Net Fees
$2,529
Origination − Credits
Pullthrough Rate
72.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$189,924
Avg Borrower Income
$83,683
Avg Property Value
$225,755
Geographic Coverage
Geographic Performance
Metro Areas
12
markets with activity
States Served
27
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
27Northeast1
PA
Midwest11
IAILINKSMNMONDNEOHSDWI
South7
ALARFLGAKYOKTX
West8
AZCACOIDMTNMORWY
Top Metro Areas by Place Specialization Score
Volume 67Mix 6.41% of portfolio
72/100
Strong
Volume 38Mix 3.63% of portfolio
72/100
Strong
Volume 24Mix 2.29% of portfolio
68/100
Strong
Volume 40Mix 3.82% of portfolio
61/100
Strong
Volume 32Mix 3.06% of portfolio
57/100
Sound
Volume 35Mix 3.35% of portfolio
57/100
Sound
Volume 26Mix 2.49% of portfolio
56/100
Sound
Volume 30Mix 2.87% of portfolio
56/100
Sound
Volume 15Mix 1.43% of portfolio
53/100
Sound
Volume 36Mix 3.44% of portfolio
52/100
SoundShowing 10 of 12 metro areas
Top States by Place Specialization Score
1
MissouriState
Volume 274Mix 26.20% of portfolio
73/100
Strong2
IllinoisState
Volume 248Mix 23.71% of portfolio
73/100
Strong3
IowaState
Volume 157Mix 15.01% of portfolio
68/100
Strong4
IndianaState
Volume 96Mix 9.18% of portfolio
61/100
Strong5
PennsylvaniaState
Volume 76Mix 7.27% of portfolio
58/100
Sound6
MontanaState
Volume 23Mix 2.20% of portfolio
50/100
Sound7
ColoradoState
Volume 30Mix 2.87% of portfolio
49/100
Sound8
WyomingState
Volume 15Mix 1.43% of portfolio
47/100
Sound9
MinnesotaState
Volume 22Mix 2.10% of portfolio
46/100
Sound10
TexasState
Volume 34Mix 3.25% of portfolio
45/100
SoundShowing 10 of 12 states
How 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.