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Old National Bank

BankEvansville, INHQDirectReviews near you on Google

We analyzed every closed loan from Old National Bank 4.1k loans across 6k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
National · 42 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
Jumbo Superstar
Jumbo
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate 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

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 4.9 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Exceptional
Top 20% of lenders
USDA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
National · 43 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume3,451
Mix84.9%
Spread
-0.039%Below
Fees
$885Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Sound
Volume217
Mix5.3%
Spread
+0.078%Above
Fees
$952Fees
VA Loans
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Strong
Volume128
Mix3.1%
Spread
-0.748%Below
Fees
$79Fees
Jumbo Loans
Overall
Strong
Product
Exceptional
Pricing
Strong
Pull Through
Strong
Volume257
Mix6.3%
Spread
+0.115%Above
Fees
$539Fees
USDA Loans
Overall
Acceptable
Product
Sound
Pricing
Pull Through
Mediocre
Volume12
Mix0.3%
Spread
+0.158%Above
Fees
$1,488Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Exceptional
Pricing
Exceptional
Pull Through
Strong
Volume3,401
Mix83.7%
Spread
-0.103%Below
Fees
$876Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume664
Mix16.3%
Spread
+0.204%Above
Fees
$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
markets with activity
States Served
43
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

43
43 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
MENJNYPA
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South16
ALARDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West11
AZCACOIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0
Ann Arbor, MIMetro
Volume 108Mix 2.66% of portfolio
84/100
Exceptional
Volume 345Mix 8.49% of portfolio
81/100
Exceptional
3© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 342Mix 8.41% of portfolio
80/100
Strong
Volume 452Mix 11.12% of portfolio
78/100
Strong
5© WMrapids · CC0
Grand Rapids, MIMetro
Volume 304Mix 7.48% of portfolio
76/100
Strong
6© Myotus · CC BY-SA 4.0
Evansville, INMetro
Volume 142Mix 3.49% of portfolio
75/100
Strong
7© w_lemay · CC BY-SA 2.0
Minneapolis, MN-WIMetro
Volume 298Mix 7.33% of portfolio
73/100
Strong
Volume 84Mix 2.07% of portfolio
72/100
Strong
Volume 58Mix 1.43% of portfolio
69/100
Strong
Volume 66Mix 1.62% of portfolio
69/100
Strong
Showing 10 of 42 metro areas

Top States by Place Specialization Score

Indiana
Indiana
1
IndianaState
Volume 1,017Mix 25.02% of portfolio
84/100
Exceptional
Illinois
Illinois
2
IllinoisState
Volume 626Mix 15.40% of portfolio
79/100
Strong
Michigan
Michigan
3
MichiganState
Volume 640Mix 15.74% of portfolio
78/100
Strong
Tennessee
Tennessee
4
TennesseeState
Volume 466Mix 11.46% of portfolio
78/100
Strong
Wisconsin
Wisconsin
5
WisconsinState
Volume 330Mix 8.12% of portfolio
75/100
Strong
Kentucky
Kentucky
6
KentuckyState
Volume 240Mix 5.90% of portfolio
74/100
Strong
Minnesota
Minnesota
7
MinnesotaState
Volume 331Mix 8.14% of portfolio
73/100
Strong
Kansas
Kansas
8
KansasState
Volume 29Mix 0.71% of portfolio
50/100
Sound
Iowa
Iowa
9
IowaState
Volume 33Mix 0.81% of portfolio
49/100
Sound
South Carolina
South Carolina
10
South CarolinaState
Volume 29Mix 0.71% of portfolio
47/100
Sound
Showing 10 of 20 states

How 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.