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The Dart Bank
Bank|Mason, MI|Near-National
Loans Originated
2,002
Applications
2,618
Volume
$670 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.208%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,572
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
76.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Report Card
The Dart Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Near-National · 14 metro areas · 30 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$334,690
Average Borrower Income
$159,558
Average Property Value
$430,260
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Strong | Strong | 1,793 | 89.6% | +0.196% | $1,533 |
FHA Loans | Strong | Strong | Strong | Strong | 108 | 5.4% | +0.495% | $1,822 |
VA Loans | Sound | Strong | Acceptable | Exceptional | 37 | 1.8% | -0.274% | $2,458 |
Jumbo Loans | Strong | Strong | Sound | Strong | 56 | 2.8% | +0.448% | $1,585 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 1,842 | 92.0% | +0.214% | $1,654 |
Refinance | Sound | Strong | Sound | Sound | 160 | 8.0% | +0.157% | $867 |
Geographic Coverage
Metro Areas
13
States Served
30
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Lansing, MIMSA
Volume: 628Mix: 31.37%
Place Specialization
Exceptional
2
Jackson, MI, MIMSA
Volume: 136Mix: 6.79%
Place Specialization
Exceptional
3
Ann Arbor, MI, MIMSA
Volume: 82Mix: 4.10%
Place Specialization
Exceptional
4
Warren, MIMSA
Volume: 291Mix: 14.54%
Place Specialization
Strong
5
Grand Rapids, MIMSA
Volume: 242Mix: 12.09%
Place Specialization
Strong
6
Flint, MI, MIMSA
Volume: 69Mix: 3.45%
Place Specialization
Strong
7
Traverse City, MI, MIMSA
Volume: 29Mix: 1.45%
Place Specialization
Sound
8
Detroit, MIMSA
Volume: 39Mix: 1.95%
Place Specialization
Sound
9
Arlington, VA-WVMSA
Volume: 33Mix: 1.65%
Place Specialization
Sound
10
Bay City, MI, MIMSA
Volume: 12Mix: 0.60%
Place Specialization
Sound
Showing 10 of 13 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 1,842Mix: 92.01%
Place Specialization
Exceptional
2
VAState
Volume: 39Mix: 1.95%
Place Specialization
Sound
3
FLState
Volume: 40Mix: 2.00%
Place Specialization
Sound
4
MDState
Volume: 20Mix: 1.00%
Place Specialization
Sound
5
CAState
Volume: 11Mix: 0.55%
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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