We analyzed every closed loan from Meridian Bank — 2.3k loans across 3k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
Near-National · 17 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Purchase
Superstar
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
Explore another lender or local market
Report Card
Meridian Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+19.1 bps above market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Sound
Top 60% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 18 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,339 | 59.5% | +0.163%Above | $2,522Fees | ||||
FHA Loans | 706 | 31.4% | +0.366%Above | $2,760Fees | ||||
VA Loans | 160 | 7.1% | -0.321%Below | $2,565Fees | ||||
Jumbo Loans | — | 20 | 0.9% | +0.326%Above | $2,103Fees | |||
USDA Loans | — | 25 | 1.1% | +0.129%Above | $2,623Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,339
Mix59.5%
Spread
+0.163%Above
Fees
$2,522Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume706
Mix31.4%
Spread
+0.366%Above
Fees
$2,760Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume160
Mix7.1%
Spread
-0.321%Below
Fees
$2,565Fees
Jumbo Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughAcceptable
Volume20
Mix0.9%
Spread
+0.326%Above
Fees
$2,103Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughExceptional
Volume25
Mix1.1%
Spread
+0.129%Above
Fees
$2,623Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,112 | 93.9% | +0.191%Above | $2,551Fees | ||||
Refinance | 138 | 6.1% | +0.185%Above | $3,026Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume2,112
Mix93.9%
Spread
+0.191%Above
Fees
$2,551Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume138
Mix6.1%
Spread
+0.185%Above
Fees
$3,026Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,250
Applications
2,894
Volume
$740 million
Pricing & Closing
Avg Rate Spread
+0.191%
vs. market APOR
Avg Net Fees
$2,588
Origination − Credits
Pullthrough Rate
77.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$329,018
Avg Borrower Income
$119,585
Avg Property Value
$392,222
Geographic Coverage
Geographic Performance
Metro Areas
17
markets with activity
States Served
32
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
32Northeast6
MANHNJNYPARI
Midwest7
IAILINMIMNOHWI
South14
ARDCDEFLGAMDMSNCOKSCTNTXVAWV
West5
AZCACONVUT
Top Metro Areas by Place Specialization Score
Volume 723Mix 32.13% of portfolio
91/100
Exceptional
Volume 293Mix 13.02% of portfolio
85/100
Exceptional
Volume 89Mix 3.96% of portfolio
85/100
Exceptional
Volume 228Mix 10.13% of portfolio
83/100
Exceptional
Volume 171Mix 7.60% of portfolio
79/100
Strong
Volume 82Mix 3.64% of portfolio
69/100
Strong
Volume 47Mix 2.09% of portfolio
66/100
Strong
Volume 43Mix 1.91% of portfolio
61/100
Strong
Volume 45Mix 2.00% of portfolio
60/100
Strong
Volume 51Mix 2.27% of portfolio
60/100
StrongShowing 10 of 17 metro areas
Top States by Place Specialization Score
1
DelawareState
Volume 510Mix 22.67% of portfolio
90/100
Exceptional2
MarylandState
Volume 938Mix 41.69% of portfolio
88/100
Exceptional3
PennsylvaniaState
Volume 545Mix 24.22% of portfolio
80/100
Exceptional4
New JerseyState
Volume 120Mix 5.33% of portfolio
65/100
Strong5
VirginiaState
Volume 44Mix 1.96% of portfolio
51/100
Sound6
IndianaState
Volume 16Mix 0.71% of portfolio
40/100
SoundHow 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.