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Midland States Bank
Bank|Effingham, IL|Multi-Region
Loans Originated
505
Applications
723
Volume
$99 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.659%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,445
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.8%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and USDA loans
Things to Think About
- Rates typically 66 basis points above market average
Report Card
Midland States Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 8 metro areas · 9 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$197,990
Average Borrower Income
$97,552
Average Property Value
$245,693
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 415 | 82.2% | +0.646% | $1,449 |
FHA Loans | Strong | Strong | Sound | Strong | 67 | 13.3% | +0.851% | $1,304 |
USDA Loans | Strong | Strong | N/A | N/A | 15 | 3.0% | +0.569% | $1,251 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 462 | 91.5% | +0.662% | $1,438 |
Refinance | Sound | Strong | Acceptable | Sound | 43 | 8.5% | +0.633% | $1,505 |
Geographic Coverage
Metro Areas
7
States Served
9
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
Kankakee, IL, ILMSA
Volume: 62Mix: 12.28%
Place Specialization
Exceptional
2
Champaign, ILMSA
Volume: 62Mix: 12.28%
Place Specialization
Strong
3
Rockford, IL, ILMSA
Volume: 55Mix: 10.89%
Place Specialization
Strong
4
St. Louis, MO, MO-ILMSA
Volume: 84Mix: 16.63%
Place Specialization
Strong
5
Chicago, ILMSA
Volume: 82Mix: 16.24%
Place Specialization
Strong
6
Elgin, IL, ILMSA
Volume: 29Mix: 5.74%
Place Specialization
Sound
7
Lake County, IL, ILMSA
Volume: 11Mix: 2.18%
Place Specialization
Sound
Top States by Place Specialization Score
1
ILState
Volume: 426Mix: 84.36%
Place Specialization
Exceptional
2
MOState
Volume: 68Mix: 13.47%
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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