We analyzed every closed loan from Goldwater Bank — 555 loans across 803 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
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Near-National · 9 mkts
Summary
What They Do Well
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Goldwater Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+46.5 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
USDA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 10 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 | 349 | 62.9% | +0.479%Above | $3,325Fees | ||||
FHA Loans | 132 | 23.8% | +0.624%Above | $3,536Fees | ||||
VA Loans | 47 | 8.5% | -0.119%Below | $2,770Fees | ||||
USDA Loans | — | 18 | 3.2% | +0.231%Above | $2,429Fees |
Conventional
OverallAcceptable
ProductSound
PricingMediocre
Pull ThroughSound
Volume349
Mix62.9%
Spread
+0.479%Above
Fees
$3,325Fees
FHA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume132
Mix23.8%
Spread
+0.624%Above
Fees
$3,536Fees
VA Loans
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume47
Mix8.5%
Spread
-0.119%Below
Fees
$2,770Fees
USDA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume18
Mix3.2%
Spread
+0.231%Above
Fees
$2,429Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 480 | 86.5% | +0.428%Above | $3,416Fees | ||||
Refinance | 75 | 13.5% | +0.668%Above | $2,733Fees |
Purchase
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughSound
Volume480
Mix86.5%
Spread
+0.428%Above
Fees
$3,416Fees
Refinance
OverallAcceptable
ProductSound
PricingAcceptable
Pull ThroughSound
Volume75
Mix13.5%
Spread
+0.668%Above
Fees
$2,733Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
555
Applications
803
Volume
$185 million
Pricing & Closing
Avg Rate Spread
+0.465%
vs. market APOR
Avg Net Fees
$3,311
Origination − Credits
Pullthrough Rate
69.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$334,027
Avg Borrower Income
$134,371
Avg Property Value
$443,811
Geographic Coverage
Geographic Performance
Metro Areas
9
markets with activity
States Served
31
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
31Northeast1
NJ
Midwest8
IAILINMIMNMONEWI
South12
ALARFLGALAMDMSNCOKSCTNTX
West10
AZCACOHIIDNMNVORUTWA
Top Metro Areas by Place Specialization Score
Volume 103Mix 18.56% of portfolio
68/100
Strong
Volume 30Mix 5.41% of portfolio
59/100
Sound
Volume 40Mix 7.21% of portfolio
55/100
Sound
Volume 24Mix 4.32% of portfolio
53/100
Sound
Volume 29Mix 5.23% of portfolio
52/100
Sound
Volume 29Mix 5.23% of portfolio
51/100
Sound
Volume 15Mix 2.70% of portfolio
50/100
Sound
Volume 15Mix 2.70% of portfolio
46/100
Sound
Volume 10Mix 1.80% of portfolio
40/100
AcceptableTop States by Place Specialization Score
1
GeorgiaState
Volume 140Mix 25.23% of portfolio
67/100
Strong2
LouisianaState
Volume 49Mix 8.83% of portfolio
58/100
Sound3
TexasState
Volume 60Mix 10.81% of portfolio
53/100
Sound4
New MexicoState
Volume 25Mix 4.50% of portfolio
53/100
Sound5
FloridaState
Volume 57Mix 10.27% of portfolio
52/100
Sound6
MinnesotaState
Volume 32Mix 5.77% of portfolio
52/100
Sound7
ArizonaState
Volume 34Mix 6.13% of portfolio
52/100
Sound8
CaliforniaState
Volume 31Mix 5.59% of portfolio
46/100
Sound9
OklahomaState
Volume 18Mix 3.24% of portfolio
46/100
Sound10
IndianaState
Volume 18Mix 3.24% of portfolio
44/100
SoundShowing 10 of 11 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.