We analyzed every closed loan from OceanFirst Bank — 1.3k loans across 2k 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
Exceptional
5/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Near-National · 16 mkts
Awards
Conventional
Champion
Purchase
Champion
FHA
Superstar
Jumbo
Superstar
Refinance
Superstar
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
Explore another lender or local market
Report Card
OceanFirst Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 21.9 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% 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
Near-National · 17 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 | 1,208 | 89.7% | -0.236%Below | $279Credit | ||||
FHA Loans | 54 | 4.0% | +0.067%Above | $192Fees | ||||
VA Loans | 29 | 2.2% | -0.552%Below | $1,419Fees | ||||
Jumbo Loans | 55 | 4.1% | +0.220%Above | $1,412Fees |
Conventional
OverallExceptional
ProductStrong
PricingExceptional
Pull ThroughExceptional
Volume1,208
Mix89.7%
Spread
-0.236%Below
Fees
$279Credit
FHA Loans
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume54
Mix4.0%
Spread
+0.067%Above
Fees
$192Fees
VA Loans
OverallSound
ProductSound
PricingStrong
Pull ThroughSound
Volume29
Mix2.2%
Spread
-0.552%Below
Fees
$1,419Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume55
Mix4.1%
Spread
+0.220%Above
Fees
$1,412Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,193 | 88.6% | -0.260%Below | $309Credit | ||||
Refinance | 153 | 11.4% | +0.069%Above | $669Fees |
Purchase
OverallExceptional
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume1,193
Mix88.6%
Spread
-0.260%Below
Fees
$309Credit
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume153
Mix11.4%
Spread
+0.069%Above
Fees
$669Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,346
Applications
1,601
Volume
$570 million
Pricing & Closing
Avg Rate Spread
-0.219%
vs. market APOR
Avg Net Fees
$-186
Origination − Credits
Pullthrough Rate
84.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$424,086
Avg Borrower Income
$194,018
Avg Property Value
$609,584
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
26
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
26Northeast8
CTMEMANHNJNYPAVT
Midwest3
MIOHSD
South13
ALDCDEFLGAKYMDMSNCSCTXVAWV
West2
COOR
Top Metro Areas by Place Specialization Score
Volume 465Mix 34.55% of portfolio
91/100
Exceptional
Volume 201Mix 14.93% of portfolio
91/100
Exceptional
Volume 185Mix 13.74% of portfolio
79/100
Strong
Volume 91Mix 6.76% of portfolio
70/100
Strong
Volume 58Mix 4.31% of portfolio
64/100
Strong
Volume 51Mix 3.79% of portfolio
62/100
Strong
Volume 23Mix 1.71% of portfolio
57/100
Sound
Volume 22Mix 1.63% of portfolio
54/100
Sound
Volume 40Mix 2.97% of portfolio
54/100
Sound
Volume 30Mix 2.23% of portfolio
51/100
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
New JerseyState
Volume 1,006Mix 74.74% of portfolio
92/100
Exceptional2
PennsylvaniaState
Volume 166Mix 12.33% of portfolio
67/100
Strong3
VirginiaState
Volume 41Mix 3.05% of portfolio
52/100
Sound4
MarylandState
Volume 31Mix 2.30% of portfolio
49/100
Sound5
FloridaState
Volume 28Mix 2.08% of portfolio
42/100
Sound6
New YorkState
Volume 13Mix 0.97% of portfolio
40/100
Sound7
MichiganState
Volume 14Mix 1.04% of portfolio
40/100
AcceptableHow 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.
Looking for a different lender?
Are you the owner of OceanFirst Bank?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
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.