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We analyzed every closed loan from Old National Bank — 4.1k loans across 6k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Exceptional
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
National · 42 mkts
Safe Rate Awards💎Conventional Champion💎Purchase Champion⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Refinance Superstar
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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
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Report Card
Old National Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Market Leader Rates 4.9 bps below market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Industry Standard Top 60% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders National43 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,451 | 84.9% | -0.039%Below | $885Fees | ||||
FHA Loans | 217 | 5.3% | +0.078%Above | $952Fees | ||||
VA Loans | 128 | 3.1% | -0.748%Below | $79Fees | ||||
Jumbo Loans | 257 | 6.3% | +0.115%Above | $539Fees | ||||
USDA Loans | — | 12 | 0.3% | +0.158%Above | $1,488Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,401 | 83.7% | -0.103%Below | $876Fees | ||||
Refinance | 664 | 16.3% | +0.204%Above | $744Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
4,065
Applications
5,691
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
-0.049%
vs. market APOR
Avg Net Fees
$853
Origination − Credits
Pullthrough Rate
71.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$346,038
Avg Borrower Income
$161,470
Avg Property Value
$463,706
Geographic Coverage
Geographic Performance
Metro Areas
42
States Served
43
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
ALARAZCACODEFLGAIAIDILINKSKYLAMDMEMIMNMOMSMTNCNDNENJNMNVNYOHOKORPASCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Ann Arbor, MI, MIMSA
Volume: 108Mix: 2.66%of portfolio
Place
Exceptional2
Nashville, TNMSA
Volume: 345Mix: 8.49%of portfolio
Place
Exceptional3
Indianapolis, INMSA
Volume: 342Mix: 8.41%of portfolio
Place
Strong4
Chicago, ILMSA
Volume: 452Mix: 11.12%of portfolio
Place
Strong5
Grand Rapids, MIMSA
Volume: 304Mix: 7.48%of portfolio
Place
Strong6
Evansville, IN, INMSA
Volume: 142Mix: 3.49%of portfolio
Place
Strong7
Minneapolis, MN-WIMSA
Volume: 298Mix: 7.33%of portfolio
Place
Strong8
Lake County, INMSA
Volume: 84Mix: 2.07%of portfolio
Place
Strong9
Lake County, IL, ILMSA
Volume: 58Mix: 1.43%of portfolio
Place
Strong10
Lafayette, INMSA
Volume: 66Mix: 1.62%of portfolio
Place
StrongShowing 10 of 42 metro areas
Top States by Place Specialization Score
1
INState
Volume: 1,017Mix: 25.02%of portfolio
Place
Exceptional2
ILState
Volume: 626Mix: 15.40%of portfolio
Place
Strong3
MIState
Volume: 640Mix: 15.74%of portfolio
Place
Strong4
TNState
Volume: 466Mix: 11.46%of portfolio
Place
Strong5
WIState
Volume: 330Mix: 8.12%of portfolio
Place
Strong6
KYState
Volume: 240Mix: 5.90%of portfolio
Place
Strong7
MNState
Volume: 331Mix: 8.14%of portfolio
Place
Strong8
KSState
Volume: 29Mix: 0.71%of portfolio
Place
Sound9
IAState
Volume: 33Mix: 0.81%of portfolio
Place
Sound10
SCState
Volume: 29Mix: 0.71%of portfolio
Place
SoundShowing 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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.