We analyzed every closed loan from State Employees' — 9.7k loans across 15k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Strong
4/5
Regional · 22 mkts
Awards
Conventional
Superstar
Jumbo
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 74.00 basis points below market average
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
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Report Card
State Employees' performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 74.0 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 10% of lenders
Jumbo
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Exceptional
Top 20% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 23 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 9,542 | 98.4% | -0.732%Below | $2,192Fees | ||||
Jumbo Loans | 158 | 1.6% | -1.142%Below | $2,494Fees |
Conventional
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume9,542
Mix98.4%
Spread
-0.732%Below
Fees
$2,192Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume158
Mix1.6%
Spread
-1.142%Below
Fees
$2,494Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 7,653 | 78.9% | -0.756%Below | $2,188Fees | ||||
Refinance | 2,047 | 21.1% | -0.694%Below | $2,227Fees |
Purchase
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume7,653
Mix78.9%
Spread
-0.756%Below
Fees
$2,188Fees
Refinance
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume2,047
Mix21.1%
Spread
-0.694%Below
Fees
$2,227Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
9,700
Applications
14,645
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
-0.740%
vs. market APOR
Avg Net Fees
$2,198
Origination − Credits
Pullthrough Rate
66.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$284,868
Avg Borrower Income
$119,224
Avg Property Value
$364,292
Geographic Coverage
Geographic Performance
Metro Areas
22
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
5South5
GANCSCTNVA
Top Metro Areas by Place Specialization Score
Volume 1,402Mix 14.45% of portfolio
100/100
Exceptional
Volume 781Mix 8.05% of portfolio
100/100
Exceptional
Volume 633Mix 6.53% of portfolio
100/100
Exceptional
Volume 579Mix 5.97% of portfolio
100/100
Exceptional
Volume 555Mix 5.72% of portfolio
100/100
Exceptional
Volume 258Mix 2.66% of portfolio
100/100
Exceptional
Volume 198Mix 2.04% of portfolio
100/100
Exceptional
Volume 139Mix 1.43% of portfolio
100/100
Exceptional
Volume 448Mix 4.62% of portfolio
98/100
Exceptional
Volume 134Mix 1.38% of portfolio
97/100
ExceptionalShowing 10 of 22 metro areas
Top States by Place Specialization Score
1
North CarolinaState
Volume 9,247Mix 95.33% of portfolio
100/100
Exceptional2
South CarolinaState
Volume 250Mix 2.58% of portfolio
71/100
Strong3
VirginiaState
Volume 109Mix 1.12% of portfolio
59/100
Sound4
TennesseeState
Volume 48Mix 0.49% of portfolio
50/100
Sound5
GeorgiaState
Volume 46Mix 0.47% of portfolio
48/100
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.