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We analyzed every closed loan from Swbc Mortgage — 6.5k loans across 8k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Near-National · 49 mkts
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar
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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 Jumbo 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
Swbc Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +32.7 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Near-National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,125 | 63.3% | +0.325%Above | $2,940Fees | ||||
FHA Loans | 1,408 | 21.6% | +0.658%Above | $2,531Fees | ||||
VA Loans | 770 | 11.8% | -0.312%Below | $2,942Fees | ||||
Jumbo Loans | 124 | 1.9% | +0.491%Above | $1,568Fees | ||||
USDA Loans | — | 87 | 1.3% | -0.028%Below | $1,860Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,897 | 90.5% | +0.330%Above | $2,708Fees | ||||
Refinance | 617 | 9.5% | +0.314%Above | $3,524Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,514
Applications
8,402
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.327%
vs. market APOR
Avg Net Fees
$2,844
Origination − Credits
Pullthrough Rate
77.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$338,654
Avg Borrower Income
$136,188
Avg Property Value
$435,976
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
34
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
Waco, TX, TXMSA
Volume: 255Mix: 3.91%of portfolio
Place
Exceptional2
Hot Springs, AR, ARMSA
Volume: 102Mix: 1.57%of portfolio
Place
Exceptional3
Pensacola, FLMSA
Volume: 329Mix: 5.05%of portfolio
Place
Exceptional4
Gulfport, MSMSA
Volume: 231Mix: 3.55%of portfolio
Place
Exceptional5
Nashville, TNMSA
Volume: 518Mix: 7.95%of portfolio
Place
Exceptional6
Killeen, TXMSA
Volume: 233Mix: 3.58%of portfolio
Place
Exceptional7
Marietta, GA, GAMSA
Volume: 252Mix: 3.87%of portfolio
Place
Exceptional8
Scranton, PAMSA
Volume: 111Mix: 1.70%of portfolio
Place
Strong9
Mobile, AL, ALMSA
Volume: 80Mix: 1.23%of portfolio
Place
Strong10
Roanoke, VA, VAMSA
Volume: 91Mix: 1.40%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
TXState
Volume: 1,549Mix: 23.78%of portfolio
Place
Exceptional2
TNState
Volume: 646Mix: 9.92%of portfolio
Place
Exceptional3
MSState
Volume: 388Mix: 5.96%of portfolio
Place
Strong4
GAState
Volume: 506Mix: 7.77%of portfolio
Place
Strong5
COState
Volume: 446Mix: 6.85%of portfolio
Place
Strong6
ARState
Volume: 304Mix: 4.67%of portfolio
Place
Strong7
MNState
Volume: 379Mix: 5.82%of portfolio
Place
Strong8
FLState
Volume: 742Mix: 11.39%of portfolio
Place
Strong9
MDState
Volume: 328Mix: 5.04%of portfolio
Place
Strong10
VAState
Volume: 288Mix: 4.42%of portfolio
Place
StrongShowing 10 of 20 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.