We analyzed every closed loan from Simmons Bank — 1.3k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
3/5
Near-National · 18 mkts
Awards
FHA
Superstar
USDA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Simmons Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+46.1 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
USDA
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Near-National · 19 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 963 | 72.4% | +0.512%Above | $1,741Fees | ||||
FHA Loans | 260 | 19.5% | +0.342%Above | $1,992Fees | ||||
VA Loans | 36 | 2.7% | -0.112%Below | $1,444Fees | ||||
Jumbo Loans | 28 | 2.1% | +0.574%Above | $2,226Fees | ||||
USDA Loans | 44 | 3.3% | +0.145%Above | $1,464Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume963
Mix72.4%
Spread
+0.512%Above
Fees
$1,741Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume260
Mix19.5%
Spread
+0.342%Above
Fees
$1,992Fees
VA Loans
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume36
Mix2.7%
Spread
-0.112%Below
Fees
$1,444Fees
Jumbo Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume28
Mix2.1%
Spread
+0.574%Above
Fees
$2,226Fees
USDA Loans
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume44
Mix3.3%
Spread
+0.145%Above
Fees
$1,464Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,174 | 88.2% | +0.458%Above | $1,769Fees | ||||
Refinance | 157 | 11.8% | +0.490%Above | $1,901Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,174
Mix88.2%
Spread
+0.458%Above
Fees
$1,769Fees
Refinance
OverallSound
ProductSound
PricingAcceptable
Pull ThroughAcceptable
Volume157
Mix11.8%
Spread
+0.490%Above
Fees
$1,901Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,331
Applications
2,061
Volume
$342 million
Pricing & Closing
Avg Rate Spread
+0.461%
vs. market APOR
Avg Net Fees
$1,783
Origination − Credits
Pullthrough Rate
64.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$257,502
Avg Borrower Income
$144,747
Avg Property Value
$334,932
Geographic Coverage
Geographic Performance
Metro Areas
18
markets with activity
States Served
25
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
25Northeast2
MAPA
Midwest6
ILINKSMIMOOH
South15
ALARDEFLGAKYLAMDMSNCOKSCTNTXVA
West2
CONM
Top Metro Areas by Place Specialization Score
Volume 174Mix 13.07% of portfolio
85/100
Exceptional
Volume 101Mix 7.59% of portfolio
70/100
Strong
Volume 107Mix 8.04% of portfolio
70/100
Strong
Volume 58Mix 4.36% of portfolio
68/100
Strong
Volume 65Mix 4.88% of portfolio
64/100
Strong
6© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 55Mix 4.13% of portfolio
61/100
Strong
Volume 51Mix 3.83% of portfolio
59/100
Sound
Volume 18Mix 1.35% of portfolio
56/100
Sound
Volume 39Mix 2.93% of portfolio
52/100
Sound
Volume 19Mix 1.43% of portfolio
51/100
SoundShowing 10 of 18 metro areas
Top States by Place Specialization Score
1
ArkansasState
Volume 531Mix 39.89% of portfolio
85/100
Exceptional2
TennesseeState
Volume 297Mix 22.31% of portfolio
76/100
Strong3
OklahomaState
Volume 144Mix 10.82% of portfolio
69/100
Strong4
MissouriState
Volume 121Mix 9.09% of portfolio
63/100
Strong5
TexasState
Volume 159Mix 11.95% of portfolio
61/100
Strong6
KansasState
Volume 24Mix 1.80% of portfolio
50/100
Sound7
MississippiState
Volume 13Mix 0.98% of portfolio
42/100
SoundHow 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.