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Old National Bank

Bank|Evansville, IN|National
Loans Originated
4,065
Applications
5,691
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards💎Conventional Champion💎Purchase ChampionFHA SuperstarVA SuperstarJumbo SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
-0.049%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$853
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
71.4%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 4.90 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and Jumbo loans
  • Nationwide availability with consistent service

Report Card

Old National Bank performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
ExceptionalMarket Leader
Pull Through
Closing Strength
StrongHighly Competitive
Products
Loan Type Specialists
Specialization score by loan product
Conventional
ExceptionalMarket Leader
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Jumbo
ExceptionalMarket Leader
USDA
SoundIndustry Standard
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
ExceptionalMarket Leader
Refinance
StrongHighly Competitive
Places
Geographic coverage
SoundNational · 43 metro areas · 43 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$346,038
Average Borrower Income
$161,470
Average Property Value
$463,706

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Exceptional
Exceptional
Exceptional
Strong
3,45184.9%-0.039%$885
FHA Loans
Strong
Strong
Exceptional
Sound
2175.3%+0.078%$952
VA Loans
Strong
Strong
Exceptional
Strong
1283.1%-0.748%$79
Jumbo Loans
Strong
Exceptional
Strong
Strong
2576.3%+0.115%$539
USDA Loans
Acceptable
Sound
N/A
Mediocre
120.3%+0.158%$1,488

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Exceptional
Exceptional
Exceptional
Strong
3,40183.7%-0.103%$876
Refinance
Strong
Strong
Sound
Strong
66416.3%+0.204%$744

Geographic Coverage

Metro Areas
42
States Served
43
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
Ann Arbor, MI, MIMSA
Volume: 108Mix: 2.66%
Place Specialization
Exceptional
2
Nashville, TNMSA
Volume: 345Mix: 8.49%
Place Specialization
Exceptional
3
Indianapolis, INMSA
Volume: 342Mix: 8.41%
Place Specialization
Strong
4
Chicago, ILMSA
Volume: 452Mix: 11.12%
Place Specialization
Strong
5
Grand Rapids, MIMSA
Volume: 304Mix: 7.48%
Place Specialization
Strong
6
Evansville, IN, INMSA
Volume: 142Mix: 3.49%
Place Specialization
Strong
7
Minneapolis, MN-WIMSA
Volume: 298Mix: 7.33%
Place Specialization
Strong
8
Lake County, INMSA
Volume: 84Mix: 2.07%
Place Specialization
Strong
9
Lake County, IL, ILMSA
Volume: 58Mix: 1.43%
Place Specialization
Strong
10
Lafayette, INMSA
Volume: 66Mix: 1.62%
Place Specialization
Strong
Showing 10 of 42 metro areas

Top States by Place Specialization Score

1
INState
Volume: 1,017Mix: 25.02%
Place Specialization
Exceptional
2
ILState
Volume: 626Mix: 15.40%
Place Specialization
Strong
3
MIState
Volume: 640Mix: 15.74%
Place Specialization
Strong
4
TNState
Volume: 466Mix: 11.46%
Place Specialization
Strong
5
WIState
Volume: 330Mix: 8.12%
Place Specialization
Strong
6
KYState
Volume: 240Mix: 5.90%
Place Specialization
Strong
7
MNState
Volume: 331Mix: 8.14%
Place Specialization
Strong
8
KSState
Volume: 29Mix: 0.71%
Place Specialization
Sound
9
IAState
Volume: 33Mix: 0.81%
Place Specialization
Sound
10
SCState
Volume: 29Mix: 0.71%
Place Specialization
Sound
Showing 10 of 20 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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