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MidWestOne Bank
Bank|Iowa City, IA|Multi-Region
Loans Originated
369
Applications
467
Volume
$99 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Exceptional
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.031%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,123
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
79.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
Report Card
MidWestOne Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 6 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$268,388
Average Borrower Income
$152,236
Average Property Value
$385,082
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 355 | 96.2% | +0.031% | $1,104 |
Jumbo Loans | Sound | Sound | N/A | N/A | 11 | 3.0% | -0.073% | $2,596 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 310 | 84.0% | +0.026% | $1,095 |
Refinance | Strong | Strong | Sound | Strong | 59 | 16.0% | +0.060% | $1,269 |
Geographic Coverage
Metro Areas
5
States Served
10
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALAZCOFLIAILMNMOTNWI
Top Metro Areas by Place Specialization Score
1
Dubuque, IA, IAMSA
Volume: 115Mix: 31.17%
Place Specialization
Exceptional
2
Iowa City, IA, IAMSA
Volume: 40Mix: 10.84%
Place Specialization
Strong
3
Minneapolis, MN-WIMSA
Volume: 35Mix: 9.49%
Place Specialization
Sound
4
Cedar Rapids, IA, IAMSA
Volume: 21Mix: 5.69%
Place Specialization
Sound
5
Waterloo, IAMSA
Volume: 10Mix: 2.71%
Place Specialization
Sound
Top States by Place Specialization Score
1
IAState
Volume: 288Mix: 78.05%
Place Specialization
Strong
2
WIState
Volume: 32Mix: 8.67%
Place Specialization
Sound
3
MNState
Volume: 31Mix: 8.40%
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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