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Synovus Bank
Bank|Columbus, GA|Multi-Region
Loans Originated
2,008
Applications
3,190
Volume
$801 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards💎USDA Champion⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.087%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,197
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
62.9%
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 Jumbo and USDA loans
Report Card
Synovus 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 | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 34 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$399,138
Average Borrower Income
$206,640
Average Property Value
$528,456
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 1,089 | 54.2% | +0.155% | $2,331 |
FHA Loans | Strong | Strong | Strong | Strong | 476 | 23.7% | +0.281% | $2,335 |
VA Loans | Strong | Strong | Strong | Strong | 185 | 9.2% | -0.538% | $1,384 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 195 | 9.7% | -0.276% | $1,663 |
USDA Loans | Exceptional | Exceptional | Exceptional | Strong | 63 | 3.1% | -0.117% | $2,047 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Sound | 1,865 | 92.9% | +0.087% | $2,181 |
Refinance | Sound | Strong | Sound | Sound | 143 | 7.1% | +0.092% | $2,388 |
Geographic Coverage
Metro Areas
33
States Served
7
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALFLGAMSNCSCTN
Top Metro Areas by Place Specialization Score
1
Columbus, GA, GA-ALMSA
Volume: 206Mix: 10.26%
Place Specialization
Exceptional
2
Warner Robins, GA, GAMSA
Volume: 92Mix: 4.58%
Place Specialization
Exceptional
3
Birmingham, AL, ALMSA
Volume: 174Mix: 8.67%
Place Specialization
Exceptional
4
Athens, GAMSA
Volume: 55Mix: 2.74%
Place Specialization
Strong
5
Decatur, AL, ALMSA
Volume: 51Mix: 2.54%
Place Specialization
Strong
6
Albany, GA, GAMSA
Volume: 48Mix: 2.39%
Place Specialization
Strong
7
Huntsville, AL, ALMSA
Volume: 109Mix: 5.43%
Place Specialization
Strong
8
Pensacola, FLMSA
Volume: 79Mix: 3.93%
Place Specialization
Strong
9
Montgomery, AL, ALMSA
Volume: 58Mix: 2.89%
Place Specialization
Strong
10
Atlanta, GAMSA
Volume: 162Mix: 8.07%
Place Specialization
Strong
Showing 10 of 33 metro areas
Top States by Place Specialization Score
1
ALState
Volume: 573Mix: 28.54%
Place Specialization
Exceptional
2
GAState
Volume: 893Mix: 44.47%
Place Specialization
Exceptional
3
SCState
Volume: 172Mix: 8.57%
Place Specialization
Strong
4
FLState
Volume: 321Mix: 15.99%
Place Specialization
Strong
5
TNState
Volume: 35Mix: 1.74%
Place Specialization
Sound
6
NCState
Volume: 12Mix: 0.60%
Place Specialization
Acceptable
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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