P
Plains Commerce Bank's 11.6k closed loans and 19k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Plains Commerce Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +27.8 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 10% of lenders | |
FHA | Market Leader Top 10% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 6,712 | 57.8% | +0.261%Above | $3,159Fees | ||||
FHA Loans | 3,500 | 30.1% | +0.518%Above | $2,788Fees | ||||
VA Loans | 1,163 | 10.0% | -0.307%Below | $2,485Fees | ||||
Jumbo Loans | 104 | 0.9% | +0.404%Above | $2,681Fees | ||||
USDA Loans | 131 | 1.1% | -0.035%Below | $2,056Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 10,754 | 92.6% | +0.296%Above | $2,981Fees | ||||
Refinance | 856 | 7.4% | +0.088%Above | $3,068Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
11,610
Applications
19,418
Volume
$4 billion
Pricing & Closing
Avg Rate Spread
+0.278%
vs. market APOR
Avg Net Fees
$2,989
Origination − Credits
Pullthrough Rate
59.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$359,820
Avg Borrower Income
$131,198
Avg Property Value
$434,491
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
50
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Sioux Falls, SD, SD-MNMSA
Volume: 1,018Mix: 8.77%of portfolio
Place
Exceptional2
Rapid City, SD, SDMSA
Volume: 169Mix: 1.46%of portfolio
Place
Exceptional3
Phoenix, AZMSA
Volume: 763Mix: 6.57%of portfolio
Place
Strong4
Lakeland, FLMSA
Volume: 229Mix: 1.97%of portfolio
Place
Strong5
Orlando, FLMSA
Volume: 305Mix: 2.63%of portfolio
Place
Strong6
Salt Lake City, UTMSA
Volume: 187Mix: 1.61%of portfolio
Place
Strong7
Cincinnati, OHMSA
Volume: 172Mix: 1.48%of portfolio
Place
Strong8
Omaha, NE, NE-IAMSA
Volume: 141Mix: 1.21%of portfolio
Place
Strong9
Denver, COMSA
Volume: 264Mix: 2.27%of portfolio
Place
Strong10
Savannah, GA, GAMSA
Volume: 78Mix: 0.67%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
SDState
Volume: 1,524Mix: 13.13%of portfolio
Place
Exceptional2
FLState
Volume: 1,767Mix: 15.22%of portfolio
Place
Exceptional3
AZState
Volume: 902Mix: 7.77%of portfolio
Place
Exceptional4
UTState
Volume: 475Mix: 4.09%of portfolio
Place
Strong5
NEState
Volume: 269Mix: 2.32%of portfolio
Place
Strong6
TXState
Volume: 927Mix: 7.98%of portfolio
Place
Strong7
MNState
Volume: 424Mix: 3.65%of portfolio
Place
Strong8
NVState
Volume: 219Mix: 1.89%of portfolio
Place
Strong9
COState
Volume: 416Mix: 3.58%of portfolio
Place
Strong10
ALState
Volume: 207Mix: 1.78%of portfolio
Place
StrongShowing 10 of 48 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.