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Magnolia Bank, Incorporated
Bank|Magnolia, KY|National
Loans Originated
3,451
Applications
4,547
Volume
$1 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Safe Rate Awards⭐FHA Superstar⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.284%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,725
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
75.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Magnolia Bank, Incorporated performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 49 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$298,153
Average Borrower Income
$107,313
Average Property Value
$368,506
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 1,504 | 43.6% | +0.294% | $2,598 |
FHA Loans | Strong | Strong | Sound | Strong | 613 | 17.8% | +0.559% | $2,565 |
VA Loans | Sound | Exceptional | Acceptable | Strong | 1,096 | 31.8% | -0.317% | $4,083 |
USDA Loans | Strong | Exceptional | Sound | Strong | 233 | 6.8% | +0.336% | $1,865 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 2,275 | 65.9% | +0.328% | $2,506 |
Refinance | Sound | Strong | Acceptable | Strong | 1,176 | 34.1% | +0.045% | $3,932 |
Geographic Coverage
Metro Areas
49
States Served
49
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Louisville/Jefferson County, KY, KY-INMSA
Volume: 487Mix: 14.11%
Place Specialization
Exceptional
2
Gulfport, MSMSA
Volume: 105Mix: 3.04%
Place Specialization
Strong
3
Athens, GAMSA
Volume: 49Mix: 1.42%
Place Specialization
Strong
4
Florence, SC, SCMSA
Volume: 41Mix: 1.19%
Place Specialization
Strong
5
Atlanta, GAMSA
Volume: 204Mix: 5.91%
Place Specialization
Strong
6
Bowling Green, KY, KYMSA
Volume: 51Mix: 1.48%
Place Specialization
Strong
7
Marietta, GA, GAMSA
Volume: 73Mix: 2.12%
Place Specialization
Strong
8
Jackson, MS, MSMSA
Volume: 57Mix: 1.65%
Place Specialization
Strong
9
Paducah, KY, KY-ILMSA
Volume: 20Mix: 0.58%
Place Specialization
Strong
10
Asheville, NC, NCMSA
Volume: 32Mix: 0.93%
Place Specialization
Sound
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
KYState
Volume: 671Mix: 19.44%
Place Specialization
Exceptional
2
GAState
Volume: 536Mix: 15.53%
Place Specialization
Strong
3
MSState
Volume: 290Mix: 8.40%
Place Specialization
Strong
4
ALState
Volume: 145Mix: 4.20%
Place Specialization
Strong
5
INState
Volume: 221Mix: 6.40%
Place Specialization
Strong
6
SCState
Volume: 135Mix: 3.91%
Place Specialization
Strong
7
TNState
Volume: 128Mix: 3.71%
Place Specialization
Strong
8
CTState
Volume: 76Mix: 2.20%
Place Specialization
Sound
9
DEState
Volume: 55Mix: 1.59%
Place Specialization
Sound
10
TXState
Volume: 168Mix: 4.87%
Place Specialization
Sound
Showing 10 of 37 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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