Looking for a different lender?
V
Valley National Bank
Bank|Passaic, NJ|Multi-Region
Loans Originated
1,073
Applications
1,443
Volume
$519 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.301%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,257
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
74.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 30.10 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
Valley National Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 15 metro areas · 24 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$484,590
Average Borrower Income
$231,692
Average Property Value
$692,418
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Sound | 951 | 88.6% | -0.321% | $1,262 |
FHA Loans | Sound | Sound | Strong | Sound | 30 | 2.8% | +0.195% | $1,611 |
Jumbo Loans | Strong | Strong | Strong | Strong | 83 | 7.7% | -0.237% | $1,063 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 970 | 90.4% | -0.353% | $1,237 |
Refinance | Sound | Sound | Sound | Sound | 103 | 9.6% | +0.240% | $1,471 |
Geographic Coverage
Metro Areas
14
States Served
24
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALCACTDEFLGAILINKYLAMAMDMONCNHNJNMNYPASCTNTXUTVA
Top Metro Areas by Place Specialization Score
1
New York, NY-NJMSA
Volume: 268Mix: 24.98%
Place Specialization
Strong
2
Nassau County, NYMSA
Volume: 202Mix: 18.83%
Place Specialization
Strong
3
Newark, NJ, NJMSA
Volume: 124Mix: 11.56%
Place Specialization
Strong
4
Lakewood, NJMSA
Volume: 76Mix: 7.08%
Place Specialization
Strong
5
Atlantic City, NJMSA
Volume: 36Mix: 3.36%
Place Specialization
Strong
6
Kiryas Joel, NYMSA
Volume: 38Mix: 3.54%
Place Specialization
Strong
7
Fort Lauderdale, FLMSA
Volume: 42Mix: 3.91%
Place Specialization
Sound
8
West Palm Beach, FLMSA
Volume: 35Mix: 3.26%
Place Specialization
Sound
9
Kingston, NY, NYMSA
Volume: 21Mix: 1.96%
Place Specialization
Sound
10
Tampa, FL, FLMSA
Volume: 32Mix: 2.98%
Place Specialization
Sound
Showing 10 of 14 metro areas
Top States by Place Specialization Score
1
NJState
Volume: 354Mix: 32.99%
Place Specialization
Exceptional
2
NYState
Volume: 450Mix: 41.94%
Place Specialization
Strong
3
FLState
Volume: 188Mix: 17.52%
Place Specialization
Strong
4
ALState
Volume: 31Mix: 2.89%
Place Specialization
Sound
5
PAState
Volume: 14Mix: 1.30%
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.
Ready to Get Started?
Compare Valley National Bank with other lenders or get personalized recommendations.