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SouthPoint Bank
Bank|Birmingham, AL|Multi-Region
Loans Originated
526
Applications
727
Volume
$142 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.219%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,381
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Report Card
SouthPoint Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Strong | Multi-Regional · 7 metro areas · 6 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$271,122
Average Borrower Income
$104,221
Average Property Value
$327,129
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 261 | 49.6% | +0.178% | $3,059 |
FHA Loans | Strong | Strong | Strong | Strong | 210 | 39.9% | +0.394% | $937 |
VA Loans | Strong | Strong | N/A | Strong | 33 | 6.3% | -0.192% | $3,050 |
USDA Loans | Strong | Strong | N/A | Strong | 19 | 3.6% | -0.033% | $1,108 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 500 | 95.1% | +0.225% | $2,194 |
Refinance | Acceptable | Acceptable | Mediocre | Sound | 26 | 4.9% | +0.148% | $4,411 |
Geographic Coverage
Metro Areas
6
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALAZFLGAMSTN
Top Metro Areas by Place Specialization Score
1
Birmingham, AL, ALMSA
Volume: 289Mix: 54.94%
Place Specialization
Exceptional
2
Decatur, AL, ALMSA
Volume: 71Mix: 13.50%
Place Specialization
Exceptional
3
Anniston, ALMSA
Volume: 52Mix: 9.89%
Place Specialization
Exceptional
4
Montgomery, AL, ALMSA
Volume: 25Mix: 4.75%
Place Specialization
Sound
5
Huntsville, AL, ALMSA
Volume: 15Mix: 2.85%
Place Specialization
Sound
6
Gadsden, AL, ALMSA
Volume: 10Mix: 1.90%
Place Specialization
Sound
Top States by Place Specialization Score
1
ALState
Volume: 516Mix: 98.10%
Place Specialization
Exceptional
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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