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We analyzed every closed loan from Ixonia Bank — 6.3k loans across 9k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 65 basis points above market average
Explore another lender or local market
Report Card
Ixonia Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +65.2 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,690 | 58.3% | +0.565%Above | $3,270Fees | ||||
FHA Loans | 1,996 | 31.5% | +0.981%Above | $3,706Fees | ||||
VA Loans | 452 | 7.1% | +0.020%Above | $3,412Fees | ||||
Jumbo Loans | — | 50 | 0.8% | +0.574%Above | $4,399Fees | |||
USDA Loans | 143 | 2.3% | +0.814%Above | $3,068Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,840 | 92.2% | +0.663%Above | $3,419Fees | ||||
Refinance | 491 | 7.8% | +0.527%Above | $3,160Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,331
Applications
8,781
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.652%
vs. market APOR
Avg Net Fees
$3,398
Origination − Credits
Pullthrough Rate
72.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$295,747
Avg Borrower Income
$119,002
Avg Property Value
$352,133
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Youngstown, OHMSA
Volume: 657Mix: 10.38%of portfolio
Place
Exceptional2
Kankakee, IL, ILMSA
Volume: 81Mix: 1.28%of portfolio
Place
Exceptional3
Lake County, INMSA
Volume: 225Mix: 3.55%of portfolio
Place
Exceptional4
Scranton, PAMSA
Volume: 204Mix: 3.22%of portfolio
Place
Exceptional5
Allentown, PA-NJMSA
Volume: 165Mix: 2.61%of portfolio
Place
Exceptional6
Milwaukee, WIMSA
Volume: 215Mix: 3.40%of portfolio
Place
Strong7
Denver, COMSA
Volume: 330Mix: 5.21%of portfolio
Place
Strong8
Chicago, ILMSA
Volume: 333Mix: 5.26%of portfolio
Place
Strong9
Nashville, TNMSA
Volume: 197Mix: 3.11%of portfolio
Place
Strong10
North Port, FLMSA
Volume: 92Mix: 1.45%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
PAState
Volume: 988Mix: 15.61%of portfolio
Place
Exceptional2
WIState
Volume: 699Mix: 11.04%of portfolio
Place
Exceptional3
OHState
Volume: 890Mix: 14.06%of portfolio
Place
Strong4
ILState
Volume: 536Mix: 8.47%of portfolio
Place
Strong5
COState
Volume: 482Mix: 7.61%of portfolio
Place
Strong6
INState
Volume: 386Mix: 6.10%of portfolio
Place
Strong7
FLState
Volume: 578Mix: 9.13%of portfolio
Place
Strong8
TNState
Volume: 269Mix: 4.25%of portfolio
Place
Strong9
KYState
Volume: 146Mix: 2.31%of portfolio
Place
Strong10
CTState
Volume: 128Mix: 2.02%of portfolio
Place
StrongShowing 10 of 34 states
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.