We analyzed every closed loan from North State Bank — 461 loans across 536 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Regional · 4 mkts
Awards
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in FHA and VA and Jumbo loans
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Report Card
North State Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
+0.5 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 5 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 | 368 | 79.8% | -0.015%Below | $1,106Fees | ||||
FHA Loans | 48 | 10.4% | +0.238%Above | $1,167Fees | ||||
VA Loans | — | 25 | 5.4% | -0.265%Below | $81Credit | |||
Jumbo Loans | — | — | 15 | 3.3% | +0.214%Above | $260Fees |
Conventional
OverallStrong
ProductSound
PricingExceptional
Pull ThroughStrong
Volume368
Mix79.8%
Spread
-0.015%Below
Fees
$1,106Fees
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume48
Mix10.4%
Spread
+0.238%Above
Fees
$1,167Fees
VA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughExceptional
Volume25
Mix5.4%
Spread
-0.265%Below
Fees
$81Credit
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull Through—
Volume15
Mix3.3%
Spread
+0.214%Above
Fees
$260Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 418 | 90.7% | +0.015%Above | $1,046Fees | ||||
Refinance | 43 | 9.3% | -0.086%Below | $839Fees |
Purchase
OverallStrong
ProductSound
PricingStrong
Pull ThroughStrong
Volume418
Mix90.7%
Spread
+0.015%Above
Fees
$1,046Fees
Refinance
OverallStrong
ProductSound
PricingExceptional
Pull ThroughStrong
Volume43
Mix9.3%
Spread
-0.086%Below
Fees
$839Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
461
Applications
536
Volume
$175 million
Pricing & Closing
Avg Rate Spread
+0.005%
vs. market APOR
Avg Net Fees
$1,025
Origination − Credits
Pullthrough Rate
86.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$381,486
Avg Borrower Income
$166,590
Avg Property Value
$543,026
Geographic Coverage
Geographic Performance
Metro Areas
4
markets with activity
States Served
3
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
3South3
NCSCVA
Top Metro Areas by Place Specialization Score
Volume 268Mix 58.13% of portfolio
87/100
Exceptional
Volume 99Mix 21.48% of portfolio
82/100
Exceptional
Volume 16Mix 3.47% of portfolio
50/100
Sound
Volume 12Mix 2.60% of portfolio
48/100
SoundTop States by Place Specialization Score
1
North CarolinaState
Volume 453Mix 98.26% of portfolio
78/100
StrongHow 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.