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MERIDIAN BANK
Bank|Malvern, PA|Near-National
Loans Originated
2,250
Applications
2,894
Volume
$740 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.191%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,588
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.7%
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
Report Card
MERIDIAN BANK performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Near-National · 18 metro areas · 32 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$329,018
Average Borrower Income
$119,585
Average Property Value
$392,222
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,339 | 59.5% | +0.163% | $2,522 |
FHA Loans | Strong | Exceptional | Sound | Strong | 706 | 31.4% | +0.366% | $2,760 |
VA Loans | Strong | Strong | Sound | Strong | 160 | 7.1% | -0.321% | $2,565 |
Jumbo Loans | Acceptable | Sound | N/A | Acceptable | 20 | 0.9% | +0.326% | $2,103 |
USDA Loans | Strong | Strong | N/A | Exceptional | 25 | 1.1% | +0.129% | $2,623 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 2,112 | 93.9% | +0.191% | $2,551 |
Refinance | Sound | Strong | Acceptable | Strong | 138 | 6.1% | +0.185% | $3,026 |
Geographic Coverage
Metro Areas
17
States Served
32
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
Baltimore, MDMSA
Volume: 723Mix: 32.13%
Place Specialization
Exceptional
2
Wilmington, DEMSA
Volume: 293Mix: 13.02%
Place Specialization
Exceptional
3
Dover, DE, DEMSA
Volume: 89Mix: 3.96%
Place Specialization
Exceptional
4
Philadelphia, PA, PAMSA
Volume: 228Mix: 10.13%
Place Specialization
Exceptional
5
Montgomery County, PAMSA
Volume: 171Mix: 7.60%
Place Specialization
Strong
6
Washington, DC, DC-MDMSA
Volume: 82Mix: 3.64%
Place Specialization
Strong
7
Lancaster, PA, PAMSA
Volume: 47Mix: 2.09%
Place Specialization
Strong
8
Frederick, MDMSA
Volume: 43Mix: 1.91%
Place Specialization
Strong
9
York, PAMSA
Volume: 45Mix: 2.00%
Place Specialization
Strong
10
Camden, NJ, NJMSA
Volume: 51Mix: 2.27%
Place Specialization
Strong
Showing 10 of 17 metro areas
Top States by Place Specialization Score
1
DEState
Volume: 510Mix: 22.67%
Place Specialization
Exceptional
2
MDState
Volume: 938Mix: 41.69%
Place Specialization
Exceptional
3
PAState
Volume: 545Mix: 24.22%
Place Specialization
Exceptional
4
NJState
Volume: 120Mix: 5.33%
Place Specialization
Strong
5
VAState
Volume: 44Mix: 1.96%
Place Specialization
Sound
6
INState
Volume: 16Mix: 0.71%
Place Specialization
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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