We analyzed every closed loan from NexBank — 5.2k loans across 7k 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
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 49 mkts
Awards
Conventional
Superstar
Jumbo
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
NexBank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+34.3 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
VA
Acceptable
Bottom 40% of lenders
Jumbo
Exceptional
Top 20% 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
National · 50 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,889 | 93.6% | +0.336%Above | $2,248Fees | ||||
FHA Loans | 44 | 0.8% | +0.570%Above | $3,204Fees | ||||
VA Loans | — | 16 | 0.3% | -0.389%Below | $114Fees | |||
Jumbo Loans | 274 | 5.2% | +0.488%Above | $524Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume4,889
Mix93.6%
Spread
+0.336%Above
Fees
$2,248Fees
FHA Loans
OverallSound
ProductSound
PricingAcceptable
Pull ThroughSound
Volume44
Mix0.8%
Spread
+0.570%Above
Fees
$3,204Fees
VA Loans
OverallAcceptable
ProductAcceptable
Pricing—
Pull ThroughAcceptable
Volume16
Mix0.3%
Spread
-0.389%Below
Fees
$114Fees
Jumbo Loans
OverallSound
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume274
Mix5.2%
Spread
+0.488%Above
Fees
$524Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 4,406 | 84.4% | +0.347%Above | $2,371Fees | ||||
Refinance | 817 | 15.6% | +0.318%Above | $1,112Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume4,406
Mix84.4%
Spread
+0.347%Above
Fees
$2,371Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume817
Mix15.6%
Spread
+0.318%Above
Fees
$1,112Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
5,223
Applications
6,872
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.343%
vs. market APOR
Avg Net Fees
$2,179
Origination − Credits
Pullthrough Rate
76.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$412,609
Avg Borrower Income
$202,011
Avg Property Value
$554,115
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
50
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
50Northeast8
CTMEMANHNJPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 403Mix 7.72% of portfolio
77/100
Strong
Volume 182Mix 3.48% of portfolio
74/100
Strong
Volume 275Mix 5.27% of portfolio
73/100
Strong
Volume 82Mix 1.57% of portfolio
73/100
Strong
Volume 128Mix 2.45% of portfolio
72/100
Strong
Volume 243Mix 4.65% of portfolio
70/100
Strong
7© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 135Mix 2.58% of portfolio
70/100
Strong
Volume 209Mix 4.00% of portfolio
68/100
Strong
Volume 188Mix 3.60% of portfolio
68/100
Strong
Volume 91Mix 1.74% of portfolio
64/100
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TexasState
Volume 1,150Mix 22.02% of portfolio
79/100
Strong2
GeorgiaState
Volume 563Mix 10.78% of portfolio
77/100
Strong3
CaliforniaState
Volume 602Mix 11.53% of portfolio
71/100
Strong4
IllinoisState
Volume 280Mix 5.36% of portfolio
69/100
Strong5
MinnesotaState
Volume 222Mix 4.25% of portfolio
68/100
Strong6
WisconsinState
Volume 191Mix 3.66% of portfolio
68/100
Strong7
WashingtonState
Volume 165Mix 3.16% of portfolio
66/100
Strong8
ArizonaState
Volume 181Mix 3.47% of portfolio
65/100
Strong9
TennesseeState
Volume 162Mix 3.10% of portfolio
64/100
Strong10
VirginiaState
Volume 148Mix 2.83% of portfolio
64/100
StrongShowing 10 of 34 states
How 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.