We analyzed every closed loan from Synovus Bank — 2.0k loans across 3k 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
Strong
4/5
Multi-Region · 33 mkts
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Jumbo
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
Explore another lender or local market
Report Card
Synovus Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+8.7 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
Exceptional
Top 20% of lenders
USDA
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 34 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 | 1,089 | 54.2% | +0.155%Above | $2,331Fees | ||||
FHA Loans | 476 | 23.7% | +0.281%Above | $2,335Fees | ||||
VA Loans | 185 | 9.2% | -0.538%Below | $1,384Fees | ||||
Jumbo Loans | 195 | 9.7% | -0.276%Below | $1,663Fees | ||||
USDA Loans | 63 | 3.1% | -0.117%Below | $2,047Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume1,089
Mix54.2%
Spread
+0.155%Above
Fees
$2,331Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume476
Mix23.7%
Spread
+0.281%Above
Fees
$2,335Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume185
Mix9.2%
Spread
-0.538%Below
Fees
$1,384Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume195
Mix9.7%
Spread
-0.276%Below
Fees
$1,663Fees
USDA Loans
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume63
Mix3.1%
Spread
-0.117%Below
Fees
$2,047Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,865 | 92.9% | +0.087%Above | $2,181Fees | ||||
Refinance | 143 | 7.1% | +0.092%Above | $2,388Fees |
Purchase
OverallStrong
ProductExceptional
PricingSound
Pull ThroughSound
Volume1,865
Mix92.9%
Spread
+0.087%Above
Fees
$2,181Fees
Refinance
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume143
Mix7.1%
Spread
+0.092%Above
Fees
$2,388Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,008
Applications
3,190
Volume
$801 million
Pricing & Closing
Avg Rate Spread
+0.087%
vs. market APOR
Avg Net Fees
$2,197
Origination − Credits
Pullthrough Rate
62.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$399,138
Avg Borrower Income
$206,640
Avg Property Value
$528,456
Geographic Coverage
Geographic Performance
Metro Areas
33
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
7South7
ALFLGAMSNCSCTN
Top Metro Areas by Place Specialization Score
Volume 206Mix 10.26% of portfolio
97/100
Exceptional
Volume 92Mix 4.58% of portfolio
84/100
Exceptional
Volume 174Mix 8.67% of portfolio
83/100
Exceptional
Volume 55Mix 2.74% of portfolio
79/100
Strong
Volume 51Mix 2.54% of portfolio
78/100
Strong
Volume 48Mix 2.39% of portfolio
77/100
Strong
Volume 109Mix 5.43% of portfolio
76/100
Strong
Volume 79Mix 3.93% of portfolio
71/100
Strong
Volume 58Mix 2.89% of portfolio
70/100
Strong
Volume 162Mix 8.07% of portfolio
70/100
StrongShowing 10 of 33 metro areas
Top States by Place Specialization Score
1
AlabamaState
Volume 573Mix 28.54% of portfolio
87/100
Exceptional2
GeorgiaState
Volume 893Mix 44.47% of portfolio
85/100
Exceptional3
South CarolinaState
Volume 172Mix 8.57% of portfolio
70/100
Strong4
FloridaState
Volume 321Mix 15.99% of portfolio
68/100
Strong5
TennesseeState
Volume 35Mix 1.74% of portfolio
49/100
Sound6
North CarolinaState
Volume 12Mix 0.60% of portfolio
36/100
AcceptableHow 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.
Looking for a different lender?
Are you the owner of Synovus Bank?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
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.