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NexBank
Bank|Dallas, TX|National
Loans Originated
5,223
Applications
6,872
Volume
$2 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.343%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,179
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.0%
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 Jumbo loans
- Nationwide availability with consistent service
Report Card
NexBank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Acceptable | Near industry average | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 50 metro areas · 50 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$412,609
Average Borrower Income
$202,011
Average Property Value
$554,115
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 4,889 | 93.6% | +0.336% | $2,248 |
FHA Loans | Sound | Sound | Acceptable | Sound | 44 | 0.8% | +0.570% | $3,204 |
VA Loans | Acceptable | Acceptable | N/A | Acceptable | 16 | 0.3% | -0.389% | $114 |
Jumbo Loans | Sound | Exceptional | Acceptable | Strong | 274 | 5.2% | +0.488% | $524 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Sound | Sound | 4,406 | 84.4% | +0.347% | $2,371 |
Refinance | Sound | Strong | Sound | Sound | 817 | 15.6% | +0.318% | $1,112 |
Geographic Coverage
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Dallas, TXMSA
Volume: 403Mix: 7.72%
Place Specialization
Strong
2
Austin, TXMSA
Volume: 182Mix: 3.48%
Place Specialization
Strong
3
Atlanta, GAMSA
Volume: 275Mix: 5.27%
Place Specialization
Strong
4
Savannah, GA, GAMSA
Volume: 82Mix: 1.57%
Place Specialization
Strong
5
Marietta, GA, GAMSA
Volume: 128Mix: 2.45%
Place Specialization
Strong
6
Chicago, ILMSA
Volume: 243Mix: 4.65%
Place Specialization
Strong
7
Fort Worth, TXMSA
Volume: 135Mix: 2.58%
Place Specialization
Strong
8
Houston, TXMSA
Volume: 209Mix: 4.00%
Place Specialization
Strong
9
Minneapolis, MN-WIMSA
Volume: 188Mix: 3.60%
Place Specialization
Strong
10
Milwaukee, WIMSA
Volume: 91Mix: 1.74%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 1,150Mix: 22.02%
Place Specialization
Strong
2
GAState
Volume: 563Mix: 10.78%
Place Specialization
Strong
3
CAState
Volume: 602Mix: 11.53%
Place Specialization
Strong
4
ILState
Volume: 280Mix: 5.36%
Place Specialization
Strong
5
MNState
Volume: 222Mix: 4.25%
Place Specialization
Strong
6
WIState
Volume: 191Mix: 3.66%
Place Specialization
Strong
7
WAState
Volume: 165Mix: 3.16%
Place Specialization
Strong
8
AZState
Volume: 181Mix: 3.47%
Place Specialization
Strong
9
TNState
Volume: 162Mix: 3.10%
Place Specialization
Strong
10
VAState
Volume: 148Mix: 2.83%
Place Specialization
Strong
Showing 10 of 34 states
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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