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Quontic Bank
Bank|New York, NY|National
Loans Originated
1,009
Applications
1,597
Volume
$475 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+1.405%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$6,366
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
63.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 141 basis points above market average
- Higher than average fees ($6,366)
Report Card
Quontic Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 17 metro areas · 48 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$471,165
Average Borrower Income
$207,235
Average Property Value
$685,307
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 913 | 90.5% | +1.429% | $6,316 |
FHA Loans | Strong | Strong | N/A | Strong | 44 | 4.4% | +0.574% | $8,093 |
Jumbo Loans | Sound | Strong | N/A | Sound | 52 | 5.2% | — | — |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Sound | 806 | 79.9% | +1.386% | $6,330 |
Refinance | Acceptable | Strong | Mediocre | Sound | 203 | 20.1% | +1.464% | $6,484 |
Geographic Coverage
Metro Areas
16
States Served
48
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAWAWIWV
Top Metro Areas by Place Specialization Score
1
Nassau County, NYMSA
Volume: 195Mix: 19.33%
Place Specialization
Strong
2
New York, NY-NJMSA
Volume: 218Mix: 21.61%
Place Specialization
Strong
3
Newark, NJ, NJMSA
Volume: 20Mix: 1.98%
Place Specialization
Sound
4
West Palm Beach, FLMSA
Volume: 19Mix: 1.88%
Place Specialization
Sound
5
Dallas, TXMSA
Volume: 24Mix: 2.38%
Place Specialization
Sound
6
Chicago, ILMSA
Volume: 20Mix: 1.98%
Place Specialization
Sound
7
Buffalo, NYMSA
Volume: 15Mix: 1.49%
Place Specialization
Sound
8
Fort Lauderdale, FLMSA
Volume: 14Mix: 1.39%
Place Specialization
Sound
9
Bridgeport, CTMSA
Volume: 12Mix: 1.19%
Place Specialization
Sound
10
Miami, FLMSA
Volume: 13Mix: 1.29%
Place Specialization
Sound
Showing 10 of 16 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 442Mix: 43.81%
Place Specialization
Strong
2
NJState
Volume: 64Mix: 6.34%
Place Specialization
Sound
3
FLState
Volume: 97Mix: 9.61%
Place Specialization
Sound
4
CAState
Volume: 54Mix: 5.35%
Place Specialization
Sound
5
TXState
Volume: 54Mix: 5.35%
Place Specialization
Sound
6
CTState
Volume: 22Mix: 2.18%
Place Specialization
Sound
7
PAState
Volume: 26Mix: 2.58%
Place Specialization
Sound
8
MAState
Volume: 22Mix: 2.18%
Place Specialization
Sound
9
ILState
Volume: 21Mix: 2.08%
Place Specialization
Sound
10
ORState
Volume: 12Mix: 1.19%
Place Specialization
Sound
Showing 10 of 15 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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