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Home Loan Investment Bank, F.S.B.
Bank|Warwick, RI|Near-National
Loans Originated
295
Applications
397
Volume
$131 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.277%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,079
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
74.3%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Home Loan Investment Bank, F.S.B. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Sound | Industry Standard | |
VA | Acceptable | Near industry average | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 4 metro areas · 29 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$446,797
Average Borrower Income
$170,664
Average Property Value
$563,644
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Acceptable | Sound | 222 | 75.3% | +0.251% | $2,001 |
FHA Loans | Sound | Sound | Sound | Sound | 44 | 14.9% | +0.429% | $2,742 |
VA Loans | Acceptable | Acceptable | N/A | N/A | 10 | 3.4% | -0.191% | $1,948 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 19 | 6.4% | +0.343% | $1,487 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Acceptable | Sound | 258 | 87.5% | +0.301% | $2,099 |
Refinance | Sound | Sound | Sound | Sound | 37 | 12.5% | +0.120% | $1,952 |
Geographic Coverage
Metro Areas
3
States Served
29
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCACOCTDCFLIDILINMAMDMEMINCNHNJNVNYOHOKORPARITNTXUTVAVTWA
Top Metro Areas by Place Specialization Score
1
Providence, RI-MAMSA
Volume: 149Mix: 50.51%
Place Specialization
Exceptional
2
Rockingham County, NHMSA
Volume: 15Mix: 5.08%
Place Specialization
Sound
3
Cambridge, MAMSA
Volume: 17Mix: 5.76%
Place Specialization
Sound
Top States by Place Specialization Score
1
RIState
Volume: 143Mix: 48.47%
Place Specialization
Exceptional
2
MAState
Volume: 39Mix: 13.22%
Place Specialization
Sound
3
NHState
Volume: 26Mix: 8.81%
Place Specialization
Sound
4
CTState
Volume: 22Mix: 7.46%
Place Specialization
Sound
5
FLState
Volume: 10Mix: 3.39%
Place Specialization
Acceptable
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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