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OceanFirst Bank, National Association
Bank|Toms River, NJ|Near-National
Loans Originated
1,346
Applications
1,601
Volume
$570 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion⭐FHA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.219%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
-$186
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
84.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 21.90 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Report Card
OceanFirst Bank, National Association performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 17 metro areas · 26 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$424,086
Average Borrower Income
$194,018
Average Property Value
$609,584
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Strong | Exceptional | Exceptional | 1,208 | 89.7% | -0.236% | -$279 |
FHA Loans | Strong | Strong | Exceptional | Strong | 54 | 4.0% | +0.067% | $192 |
VA Loans | Sound | Sound | Strong | Sound | 29 | 2.2% | -0.552% | $1,419 |
Jumbo Loans | Strong | Strong | Strong | Exceptional | 55 | 4.1% | +0.220% | $1,412 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Strong | 1,193 | 88.6% | -0.260% | -$309 |
Refinance | Strong | Strong | Strong | Strong | 153 | 11.4% | +0.069% | $669 |
Geographic Coverage
Metro Areas
16
States Served
26
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Lakewood, NJMSA
Volume: 465Mix: 34.55%
Place Specialization
Exceptional
2
Atlantic City, NJMSA
Volume: 201Mix: 14.93%
Place Specialization
Exceptional
3
Camden, NJ, NJMSA
Volume: 185Mix: 13.74%
Place Specialization
Strong
4
Philadelphia, PA, PAMSA
Volume: 91Mix: 6.76%
Place Specialization
Strong
5
Newark, NJ, NJMSA
Volume: 58Mix: 4.31%
Place Specialization
Strong
6
Montgomery County, PAMSA
Volume: 51Mix: 3.79%
Place Specialization
Strong
7
Trenton, NJMSA
Volume: 23Mix: 1.71%
Place Specialization
Sound
8
Vineland, NJ, NJMSA
Volume: 22Mix: 1.63%
Place Specialization
Sound
9
New York, NY-NJMSA
Volume: 40Mix: 2.97%
Place Specialization
Sound
10
Arlington, VA-WVMSA
Volume: 30Mix: 2.23%
Place Specialization
Sound
Showing 10 of 16 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 1,006Mix: 74.74%
Place Specialization
Exceptional
2
PAState
Volume: 166Mix: 12.33%
Place Specialization
Strong
3
VAState
Volume: 41Mix: 3.05%
Place Specialization
Sound
4
MDState
Volume: 31Mix: 2.30%
Place Specialization
Sound
5
FLState
Volume: 28Mix: 2.08%
Place Specialization
Sound
6
NYState
Volume: 13Mix: 0.97%
Place Specialization
Sound
7
MIState
Volume: 14Mix: 1.04%
Place Specialization
Acceptable
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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