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Great Southern Bank

BankReeds Spring, MODirect to Consumer

We analyzed every closed loan from Great Southern Bank 658 loans across 884 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · USDA
Place
Strong
Multi-Region · 7 mkts
Safe Rate AwardsConventional SuperstarFHA SuperstarVA SuperstarPurchase SuperstarRefinance Superstar

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Safe Rate's Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and USDA loans

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Report Card

Great Southern Bank performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
+8.8 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
USDA
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Multi-Regional8 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Strong
53681.5%
+0.098%Above
$1,088Fees
FHA Loans
Strong
Strong
Exceptional
Strong
578.7%
+0.167%Above
$1,039Fees
VA Loans
Strong
Strong
Strong
Strong
345.2%
-0.354%Below
$521Fees
USDA Loans
Sound
Strong
Sound
223.3%
+0.315%Above
$1,160Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Strong
55784.7%
+0.082%Above
$1,078Fees
Refinance
Strong
Strong
Strong
Sound
10115.3%
+0.122%Above
$952Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
658
Applications
884
Volume
$170 million
Pricing & Closing
Avg Rate Spread
+0.088%
vs. market APOR
Avg Net Fees
$1,057
Origination − Credits
Pullthrough Rate
74.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$259,331
Avg Borrower Income
$137,992
Avg Property Value
$370,000

Geographic Coverage

Geographic Performance

Metro Areas
7
States Served
22
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Springfield, MO, MOMSA
Volume: 278Mix: 42.25%of portfolio
Place
Exceptional
2
Sioux City, IAMSA
Volume: 50Mix: 7.60%of portfolio
Place
Strong
3
St. Louis, MO, MO-ILMSA
Volume: 79Mix: 12.01%of portfolio
Place
Strong
4
Des Moines, IAMSA
Volume: 26Mix: 3.95%of portfolio
Place
Sound
5
Davenport, IA-ILMSA
Volume: 19Mix: 2.89%of portfolio
Place
Sound
6
Joplin, MO, MO-KSMSA
Volume: 17Mix: 2.58%of portfolio
Place
Sound
7
Kansas City, MO, MO-KSMSA
Volume: 17Mix: 2.58%of portfolio
Place
Sound

Top States by Place Specialization Score

1
MOState
Volume: 461Mix: 70.06%of portfolio
Place
Exceptional
2
IAState
Volume: 129Mix: 19.60%of portfolio
Place
Strong
3
KSState
Volume: 17Mix: 2.58%of portfolio
Place
Sound
4
ARState
Volume: 11Mix: 1.67%of portfolio
Place
Sound

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.