What loan types does Parke Bank offer?

Parke Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Parke Bank offer mortgages?

Parke Bank offers mortgages in 3 states: DE, NJ, PA.

How competitive are Parke Bank's mortgage rates?

Parke Bank has an overall pricing score of 11.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Parke Bank?

Parke Bank is a Bank headquartered in Sewell, NJ.

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Parke Bank

Bank•Sewell, NJHQ•Wholesale•Reviews near you on Google

Parke Bank has 149 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Regional · 2 mkts

Summary

Things to Think About

Pricing may be below industry average
Higher than average fees ($5,750)

Explore another lender or local market

Report Card

Parke Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

Rates 19.6 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 2 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Mediocre	Strong	145	97.3%	-0.195%Below	$5,837Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Mediocre

Pull Through

Strong

Volume145

Mix97.3%

Spread

-0.195%Below

Fees

$5,837Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Mediocre	Strong	145	97.3%	-0.194%Below	$5,799Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Mediocre

Pull Through

Strong

Volume145

Mix97.3%

Spread

-0.194%Below

Fees

$5,799Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

149

Applications

154

Volume

$45 million

Pricing & Closing

Avg Rate Spread

-0.196%

vs. market APOR

Avg Net Fees

$5,750

Origination − Credits

Pullthrough Rate

96.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$306,275

Avg Borrower Income

$94,470

Avg Property Value

$472,651

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast2

NJPA

South1

Top Metro Areas by Place Specialization Score

Philadelphia, PAMetro

Volume 108Mix 72.48% of portfolio

80/100

Exceptional

Montgomery County, PAMetro

Volume 23Mix 15.44% of portfolio

57/100

Sound

Top States by Place Specialization Score

PennsylvaniaState

Volume 135Mix 90.60% of portfolio

72/100

Strong

New JerseyState

Volume 10Mix 6.71% of portfolio

42/100

Sound

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.