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The Park National Bank
Bank|Newark, OH|Multi-Region
Loans Originated
1,450
Applications
1,967
Volume
$358 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.429%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,316
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.7%
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 Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
The Park National Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Acceptable | Near industry average | |
VA | Acceptable | Near industry average | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 11 metro areas · 15 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$246,910
Average Borrower Income
$113,263
Average Property Value
$334,186
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 1,389 | 95.8% | +0.441% | $1,310 |
FHA Loans | Acceptable | Acceptable | N/A | N/A | 11 | 0.8% | +0.126% | $1,624 |
VA Loans | Acceptable | Acceptable | N/A | N/A | 11 | 0.8% | -0.555% | $2,001 |
Jumbo Loans | Strong | Strong | N/A | Strong | 36 | 2.5% | +0.596% | $965 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 1,306 | 90.1% | +0.448% | $1,315 |
Refinance | Sound | Strong | Sound | Sound | 144 | 9.9% | +0.305% | $1,325 |
Geographic Coverage
Metro Areas
10
States Served
15
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
Columbus, OH, OHMSA
Volume: 517Mix: 35.66%
Place Specialization
Exceptional
2
Mansfield, OH, OHMSA
Volume: 144Mix: 9.93%
Place Specialization
Exceptional
3
Greenville, SCMSA
Volume: 82Mix: 5.66%
Place Specialization
Strong
4
Cincinnati, OHMSA
Volume: 110Mix: 7.59%
Place Specialization
Strong
5
Springfield, OH, OHMSA
Volume: 39Mix: 2.69%
Place Specialization
Strong
6
Dayton, OHMSA
Volume: 44Mix: 3.03%
Place Specialization
Sound
7
Spartanburg, SC, SCMSA
Volume: 23Mix: 1.59%
Place Specialization
Sound
8
Asheville, NC, NCMSA
Volume: 15Mix: 1.03%
Place Specialization
Sound
9
Louisville/Jefferson County, KY, KY-INMSA
Volume: 17Mix: 1.17%
Place Specialization
Sound
10
Charlotte, NC-SCMSA
Volume: 19Mix: 1.31%
Place Specialization
Sound
Top States by Place Specialization Score
1
OHState
Volume: 1,229Mix: 84.76%
Place Specialization
Exceptional
2
SCState
Volume: 117Mix: 8.07%
Place Specialization
Strong
3
NCState
Volume: 48Mix: 3.31%
Place Specialization
Sound
4
KYState
Volume: 23Mix: 1.59%
Place Specialization
Sound
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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