We analyzed every closed loan from HSBC Bank USA — 2.8k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Sound
3/5
National · 23 mkts
Awards
Jumbo
Champion
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 17.70 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
HSBC Bank USA performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 17.7 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
Jumbo
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 24 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 | 1,323 | 46.6% | -0.114%Below | $301Credit | ||||
Jumbo Loans | 1,517 | 53.4% | -0.238%Below | $1,405Credit |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume1,323
Mix46.6%
Spread
-0.114%Below
Fees
$301Credit
Jumbo Loans
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume1,517
Mix53.4%
Spread
-0.238%Below
Fees
$1,405Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,475 | 87.1% | -0.166%Below | $485Credit | ||||
Refinance | 365 | 12.9% | -0.253%Below | $3,592Credit |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume2,475
Mix87.1%
Spread
-0.166%Below
Fees
$485Credit
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume365
Mix12.9%
Spread
-0.253%Below
Fees
$3,592Credit
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,840
Applications
4,086
Volume
$3 billion
Pricing & Closing
Avg Rate Spread
-0.177%
vs. market APOR
Avg Net Fees
$-857
Origination − Credits
Pullthrough Rate
69.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$1,233,077
Avg Borrower Income
$456,174
Avg Property Value
$1,826,535
Geographic Coverage
Geographic Performance
Metro Areas
23
markets with activity
States Served
42
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
42Northeast8
CTMEMANJNYPARIVT
Midwest9
IAILKSMIMNMONEOHWI
South14
ALARDCDEFLGAKYLAMDNCSCTNTXVA
West11
AZCACOHIMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 874Mix 30.77% of portfolio
100/100
Exceptional
Volume 283Mix 9.96% of portfolio
92/100
Exceptional
Volume 284Mix 10.00% of portfolio
81/100
Exceptional
Volume 235Mix 8.27% of portfolio
80/100
Exceptional
Volume 363Mix 12.78% of portfolio
79/100
Strong
Volume 55Mix 1.94% of portfolio
65/100
Strong
Volume 94Mix 3.31% of portfolio
62/100
Strong
Volume 46Mix 1.62% of portfolio
59/100
Sound
Volume 33Mix 1.16% of portfolio
53/100
Sound
Volume 36Mix 1.27% of portfolio
53/100
SoundShowing 10 of 23 metro areas
Top States by Place Specialization Score
1
CaliforniaState
Volume 1,592Mix 56.06% of portfolio
83/100
Exceptional2
WashingtonState
Volume 348Mix 12.25% of portfolio
77/100
Strong3
New YorkState
Volume 371Mix 13.06% of portfolio
74/100
Strong4
New JerseyState
Volume 126Mix 4.44% of portfolio
65/100
Strong5
FloridaState
Volume 81Mix 2.85% of portfolio
51/100
Sound6
TexasState
Volume 69Mix 2.43% of portfolio
50/100
Sound7
ConnecticutState
Volume 30Mix 1.06% of portfolio
49/100
Sound8
MassachusettsState
Volume 28Mix 0.99% of portfolio
47/100
Sound9
VirginiaState
Volume 24Mix 0.85% of portfolio
44/100
Sound10
IllinoisState
Volume 19Mix 0.67% of portfolio
41/100
SoundShowing 10 of 15 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.