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We analyzed every closed loan from Towne Bank — 3.6k loans across 5k 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
Multi-Region · 23 mkts
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐Refinance 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
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
Towne Bank performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +19.9 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% 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 Multi-Regional24 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,207 | 61.6% | +0.249%Above | $3,137Fees | ||||
FHA Loans | 730 | 20.4% | +0.352%Above | $2,758Fees | ||||
VA Loans | 515 | 14.4% | -0.342%Below | $2,774Fees | ||||
Jumbo Loans | 90 | 2.5% | +0.396%Above | $3,332Fees | ||||
USDA Loans | — | 43 | 1.2% | +0.001%Above | $3,307Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,320 | 92.6% | +0.206%Above | $3,011Fees | ||||
Refinance | 265 | 7.4% | +0.130%Above | $3,141Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,585
Applications
4,619
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.199%
vs. market APOR
Avg Net Fees
$3,024
Origination − Credits
Pullthrough Rate
77.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$405,139
Avg Borrower Income
$162,268
Avg Property Value
$511,828
Geographic Coverage
Geographic Performance
Metro Areas
23
States Served
19
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
Frederick, MDMSA
Volume: 336Mix: 9.37%of portfolio
Place
Exceptional2
Baltimore, MDMSA
Volume: 642Mix: 17.91%of portfolio
Place
Exceptional3
Washington, DC, DC-MDMSA
Volume: 304Mix: 8.48%of portfolio
Place
Exceptional4
Virginia Beach, VA-NCMSA
Volume: 450Mix: 12.55%of portfolio
Place
Exceptional5
Greenville, NC, NCMSA
Volume: 76Mix: 2.12%of portfolio
Place
Exceptional6
Richmond, VA, VAMSA
Volume: 249Mix: 6.95%of portfolio
Place
Exceptional7
Wilmington, NC, NCMSA
Volume: 124Mix: 3.46%of portfolio
Place
Strong8
Raleigh, NCMSA
Volume: 208Mix: 5.80%of portfolio
Place
Strong9
Lexington Park, MD, MDMSA
Volume: 108Mix: 3.01%of portfolio
Place
Strong10
Charlotte, NC-SCMSA
Volume: 175Mix: 4.88%of portfolio
Place
StrongShowing 10 of 23 metro areas
Top States by Place Specialization Score
1
MDState
Volume: 1,434Mix: 40.00%of portfolio
Place
Exceptional2
VAState
Volume: 872Mix: 24.32%of portfolio
Place
Exceptional3
NCState
Volume: 904Mix: 25.22%of portfolio
Place
Strong4
SCState
Volume: 95Mix: 2.65%of portfolio
Place
Strong5
DCState
Volume: 33Mix: 0.92%of portfolio
Place
Sound6
LAState
Volume: 48Mix: 1.34%of portfolio
Place
Sound7
PAState
Volume: 47Mix: 1.31%of portfolio
Place
Sound8
FLState
Volume: 50Mix: 1.39%of portfolio
Place
Sound9
WVState
Volume: 17Mix: 0.47%of portfolio
Place
Sound10
DEState
Volume: 17Mix: 0.47%of portfolio
Place
SoundShowing 10 of 14 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.