We analyzed every closed loan from Midland States Bank — 505 loans across 723 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · USDA
Place
Strong
4/5
Multi-Region · 7 mkts
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
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
Explore another lender or local market
Report Card
Midland States Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+65.9 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% 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
Multi-Regional · 8 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 | 415 | 82.2% | +0.646%Above | $1,449Fees | ||||
FHA Loans | 67 | 13.3% | +0.851%Above | $1,304Fees | ||||
USDA Loans | — | — | 15 | 3.0% | +0.569%Above | $1,251Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume415
Mix82.2%
Spread
+0.646%Above
Fees
$1,449Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume67
Mix13.3%
Spread
+0.851%Above
Fees
$1,304Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume15
Mix3.0%
Spread
+0.569%Above
Fees
$1,251Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 462 | 91.5% | +0.662%Above | $1,438Fees | ||||
Refinance | 43 | 8.5% | +0.633%Above | $1,505Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume462
Mix91.5%
Spread
+0.662%Above
Fees
$1,438Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume43
Mix8.5%
Spread
+0.633%Above
Fees
$1,505Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
505
Applications
723
Volume
$99 million
Pricing & Closing
Avg Rate Spread
+0.659%
vs. market APOR
Avg Net Fees
$1,445
Origination − Credits
Pullthrough Rate
69.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$197,990
Avg Borrower Income
$97,552
Avg Property Value
$245,693
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Midwest4
ILINMOWI
South4
ARFLTNTX
West1
AZ
Top Metro Areas by Place Specialization Score
Volume 62Mix 12.28% of portfolio
100/100
Exceptional
Volume 62Mix 12.28% of portfolio
77/100
Strong
Volume 55Mix 10.89% of portfolio
70/100
Strong
Volume 84Mix 16.63% of portfolio
68/100
Strong
Volume 82Mix 16.24% of portfolio
64/100
Strong
Volume 29Mix 5.74% of portfolio
59/100
Sound
Volume 11Mix 2.18% of portfolio
45/100
SoundTop States by Place Specialization Score
1
IllinoisState
Volume 426Mix 84.36% of portfolio
81/100
Exceptional2
MissouriState
Volume 68Mix 13.47% of portfolio
59/100
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.