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We analyzed every closed loan from Gateway First Bank — 6.8k loans across 9k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Near-National · 49 mkts
Safe Rate Awards⭐VA 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 USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Gateway First Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +45.3 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Industry Standard Top 60% 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-National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,928 | 58.1% | +0.450%Above | $2,843Fees | ||||
FHA Loans | 1,930 | 28.5% | +0.659%Above | $3,009Fees | ||||
VA Loans | 750 | 11.1% | -0.208%Below | $2,303Fees | ||||
Jumbo Loans | 30 | 0.4% | +0.655%Above | $2,110Fees | ||||
USDA Loans | 128 | 1.9% | +0.590%Above | $1,958Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,961 | 88.1% | +0.452%Above | $2,764Fees | ||||
Refinance | 805 | 11.9% | +0.463%Above | $3,219Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,766
Applications
9,472
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.453%
vs. market APOR
Avg Net Fees
$2,832
Origination − Credits
Pullthrough Rate
71.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$287,207
Avg Borrower Income
$126,729
Avg Property Value
$357,048
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
38
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Enid, OK, OKMSA
Volume: 90Mix: 1.33%of portfolio
Place
Exceptional2
Charleston, WV, WVMSA
Volume: 153Mix: 2.26%of portfolio
Place
Exceptional3
Oklahoma City, OK, OKMSA
Volume: 505Mix: 7.46%of portfolio
Place
Exceptional4
Hilton Head Island, SCMSA
Volume: 164Mix: 2.42%of portfolio
Place
Exceptional5
Sumter, SC, SCMSA
Volume: 78Mix: 1.15%of portfolio
Place
Exceptional6
Wichita, KS, KSMSA
Volume: 245Mix: 3.62%of portfolio
Place
Exceptional7
Houston, TXMSA
Volume: 586Mix: 8.66%of portfolio
Place
Strong8
Myrtle Beach, SCMSA
Volume: 169Mix: 2.50%of portfolio
Place
Strong9
Fort Worth, TXMSA
Volume: 256Mix: 3.78%of portfolio
Place
Strong10
Camden, NJ, NJMSA
Volume: 213Mix: 3.15%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
OKState
Volume: 1,085Mix: 16.04%of portfolio
Place
Exceptional2
TXState
Volume: 2,008Mix: 29.68%of portfolio
Place
Exceptional3
WVState
Volume: 270Mix: 3.99%of portfolio
Place
Exceptional4
KSState
Volume: 331Mix: 4.89%of portfolio
Place
Exceptional5
SCState
Volume: 507Mix: 7.49%of portfolio
Place
Exceptional6
NJState
Volume: 541Mix: 8.00%of portfolio
Place
Strong7
ARState
Volume: 237Mix: 3.50%of portfolio
Place
Strong8
NEState
Volume: 174Mix: 2.57%of portfolio
Place
Strong9
NMState
Volume: 124Mix: 1.83%of portfolio
Place
Strong10
MOState
Volume: 241Mix: 3.56%of portfolio
Place
StrongShowing 10 of 25 states
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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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.