P
We analyzed every closed loan from Presidential Bank FSB — 2.3k loans across 3k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
National · 26 mkts
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA 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
Presidential Bank, FSB performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +33.9 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Highly Competitive Top 40% of lenders | |
Jumbo | Industry Standard Top 60% of lenders | |
USDA | Highly Competitive Top 40% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
Refinance | Industry Standard Top 60% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Industry Standard Top 60% of lenders National27 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,181 | 52.0% | +0.367%Above | $3,535Fees | ||||
FHA Loans | 544 | 23.9% | +0.636%Above | $3,494Fees | ||||
VA Loans | 482 | 21.2% | -0.256%Below | $2,674Fees | ||||
Jumbo Loans | — | 29 | 1.3% | +0.333%Above | $1,484Fees | |||
USDA Loans | — | 36 | 1.6% | +0.175%Above | $2,539Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,090 | 92.0% | +0.358%Above | $3,347Fees | ||||
Refinance | 182 | 8.0% | +0.176%Above | $3,623Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,272
Applications
2,797
Volume
$870 million
Pricing & Closing
Avg Rate Spread
+0.339%
vs. market APOR
Avg Net Fees
$3,377
Origination − Credits
Pullthrough Rate
81.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$383,024
Avg Borrower Income
$147,701
Avg Property Value
$477,276
Geographic Coverage
Geographic Performance
Metro Areas
26
States Served
41
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Richmond, VA, VAMSA
Volume: 199Mix: 8.76%of portfolio
Place
Strong2
Virginia Beach, VA-NCMSA
Volume: 264Mix: 11.62%of portfolio
Place
Strong3
Frederick, MDMSA
Volume: 124Mix: 5.46%of portfolio
Place
Strong4
Atlanta, GAMSA
Volume: 310Mix: 13.64%of portfolio
Place
Strong5
Baltimore, MDMSA
Volume: 177Mix: 7.79%of portfolio
Place
Strong6
Marietta, GA, GAMSA
Volume: 94Mix: 4.14%of portfolio
Place
Strong7
Arlington, VA-WVMSA
Volume: 129Mix: 5.68%of portfolio
Place
Strong8
Wilmington, NC, NCMSA
Volume: 51Mix: 2.24%of portfolio
Place
Strong9
Brunswick, GAMSA
Volume: 34Mix: 1.50%of portfolio
Place
Strong10
Washington, DC, DC-MDMSA
Volume: 49Mix: 2.16%of portfolio
Place
StrongShowing 10 of 26 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 687Mix: 30.24%of portfolio
Place
Exceptional2
GAState
Volume: 565Mix: 24.87%of portfolio
Place
Strong3
MDState
Volume: 389Mix: 17.12%of portfolio
Place
Strong4
NCState
Volume: 152Mix: 6.69%of portfolio
Place
Strong5
SCState
Volume: 68Mix: 2.99%of portfolio
Place
Sound6
FLState
Volume: 112Mix: 4.93%of portfolio
Place
Sound7
PAState
Volume: 54Mix: 2.38%of portfolio
Place
Sound8
ALState
Volume: 37Mix: 1.63%of portfolio
Place
Sound9
DCState
Volume: 18Mix: 0.79%of portfolio
Place
Sound10
NJState
Volume: 25Mix: 1.10%of portfolio
Place
SoundShowing 10 of 16 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.