U
Us Bank National Association's 37.4k closed loans and 54k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
National · 49 mkts
Safe Rate Awards💎Jumbo Champion⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐USDA Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
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Report Card
U.S. Bank National Association performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Highly Competitive +3.3 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 10% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Market Leader Top 5% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 10% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 28,129 | 75.2% | +0.091%Above | $611Fees | ||||
FHA Loans | 1,624 | 4.3% | +0.515%Above | $1,447Fees | ||||
VA Loans | 1,102 | 2.9% | -0.384%Below | $1,222Fees | ||||
Jumbo Loans | 6,468 | 17.3% | -0.327%Below | $1,850Credit | ||||
USDA Loans | 92 | 0.2% | +0.439%Above | $1,167Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 30,583 | 81.7% | +0.035%Above | $587Fees | ||||
Refinance | 6,833 | 18.3% | +0.026%Above | $994Credit |
At a Glance
Lender Overview
Lending Activity
Loans Originated
37,416
Applications
54,384
Volume
$22 billion
Pricing & Closing
Avg Rate Spread
+0.033%
vs. market APOR
Avg Net Fees
$283
Origination − Credits
Pullthrough Rate
68.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$591,319
Avg Borrower Income
$241,019
Avg Property Value
$846,708
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Bridgeport, CTMSA
Volume: 585Mix: 1.56%of portfolio
Place
Exceptional2
Oakland, CAMSA
Volume: 1,413Mix: 3.78%of portfolio
Place
Exceptional3
San Jose, CAMSA
Volume: 1,158Mix: 3.09%of portfolio
Place
Exceptional4
San Francisco, CAMSA
Volume: 497Mix: 1.33%of portfolio
Place
Exceptional5
Anaheim, CAMSA
Volume: 1,093Mix: 2.92%of portfolio
Place
Exceptional6
Los Angeles, CAMSA
Volume: 1,471Mix: 3.93%of portfolio
Place
Exceptional7
Seattle, WAMSA
Volume: 779Mix: 2.08%of portfolio
Place
Exceptional8
Cincinnati, OHMSA
Volume: 604Mix: 1.61%of portfolio
Place
Exceptional9
St. Louis, MO, MO-ILMSA
Volume: 783Mix: 2.09%of portfolio
Place
Exceptional10
San Diego, CAMSA
Volume: 870Mix: 2.33%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 8,858Mix: 23.67%of portfolio
Place
Exceptional2
WAState
Volume: 1,709Mix: 4.57%of portfolio
Place
Exceptional3
ILState
Volume: 2,055Mix: 5.49%of portfolio
Place
Exceptional4
KYState
Volume: 1,087Mix: 2.91%of portfolio
Place
Exceptional5
WIState
Volume: 1,404Mix: 3.75%of portfolio
Place
Exceptional6
MNState
Volume: 1,505Mix: 4.02%of portfolio
Place
Exceptional7
ORState
Volume: 825Mix: 2.20%of portfolio
Place
Exceptional8
CTState
Volume: 817Mix: 2.18%of portfolio
Place
Exceptional9
MOState
Volume: 1,525Mix: 4.08%of portfolio
Place
Exceptional10
NJState
Volume: 959Mix: 2.56%of portfolio
Place
ExceptionalShowing 10 of 51 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.