We analyzed every closed loan from Granite Bank — 839 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
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Near-National · 10 mkts
Awards
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Granite Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+24.5 bps above market avg
Pull Through
Closing strength
Strong
Top 40% 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
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 · 11 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 | 614 | 73.2% | +0.294%Above | $2,946Fees | ||||
FHA Loans | 145 | 17.3% | +0.285%Above | $3,126Fees | ||||
VA Loans | 71 | 8.5% | -0.417%Below | $2,389Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume614
Mix73.2%
Spread
+0.294%Above
Fees
$2,946Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume145
Mix17.3%
Spread
+0.285%Above
Fees
$3,126Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume71
Mix8.5%
Spread
-0.417%Below
Fees
$2,389Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 784 | 93.4% | +0.250%Above | $2,956Fees | ||||
Refinance | 55 | 6.6% | +0.178%Above | $2,648Fees |
Purchase
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume784
Mix93.4%
Spread
+0.250%Above
Fees
$2,956Fees
Refinance
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume55
Mix6.6%
Spread
+0.178%Above
Fees
$2,648Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
839
Applications
1,092
Volume
$258 million
Pricing & Closing
Avg Rate Spread
+0.245%
vs. market APOR
Avg Net Fees
$2,931
Origination − Credits
Pullthrough Rate
76.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$307,777
Avg Borrower Income
$124,454
Avg Property Value
$385,203
Geographic Coverage
Geographic Performance
Metro Areas
10
markets with activity
States Served
25
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
25Northeast1
VT
Midwest10
ILINKSMIMNMONDNESDWI
South7
ALFLGAKYSCTNTX
West7
AZCACOIDNMUTWY
Top Metro Areas by Place Specialization Score
Volume 102Mix 12.16% of portfolio
86/100
Exceptional
Volume 318Mix 37.90% of portfolio
78/100
Strong
Volume 21Mix 2.50% of portfolio
52/100
Sound
Volume 18Mix 2.15% of portfolio
52/100
Sound
Volume 20Mix 2.38% of portfolio
52/100
Sound
Volume 14Mix 1.67% of portfolio
50/100
Sound
Volume 17Mix 2.03% of portfolio
49/100
Sound
Volume 13Mix 1.55% of portfolio
44/100
Sound
Volume 10Mix 1.19% of portfolio
41/100
Sound
Volume 11Mix 1.31% of portfolio
39/100
AcceptableTop States by Place Specialization Score
1
MinnesotaState
Volume 495Mix 59.00% of portfolio
82/100
Exceptional2
South DakotaState
Volume 137Mix 16.33% of portfolio
75/100
Strong3
WisconsinState
Volume 46Mix 5.48% of portfolio
55/100
Sound4
FloridaState
Volume 60Mix 7.15% of portfolio
51/100
Sound5
AlabamaState
Volume 25Mix 2.98% of portfolio
49/100
Sound6
ColoradoState
Volume 16Mix 1.91% of portfolio
42/100
Sound7
IllinoisState
Volume 17Mix 2.03% of portfolio
42/100
Sound8
TexasState
Volume 13Mix 1.55% of portfolio
36/100
AcceptableHow 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.