We analyzed every closed loan from Valley National Bank — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 14 mkts
Awards
Conventional
Superstar
FHA
Superstar
Jumbo
Superstar
Purchase
Superstar
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
Explore another lender or local market
Report Card
Valley National Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 30.1 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 15 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 951 | 88.6% | -0.321%Below | $1,262Fees | ||||
FHA Loans | 30 | 2.8% | +0.195%Above | $1,611Fees | ||||
Jumbo Loans | 83 | 7.7% | -0.237%Below | $1,063Fees |
Conventional
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume951
Mix88.6%
Spread
-0.321%Below
Fees
$1,262Fees
FHA Loans
OverallSound
ProductSound
PricingStrong
Pull ThroughSound
Volume30
Mix2.8%
Spread
+0.195%Above
Fees
$1,611Fees
Jumbo Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume83
Mix7.7%
Spread
-0.237%Below
Fees
$1,063Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 970 | 90.4% | -0.353%Below | $1,237Fees | ||||
Refinance | 103 | 9.6% | +0.240%Above | $1,471Fees |
Purchase
OverallStrong
ProductStrong
PricingExceptional
Pull ThroughSound
Volume970
Mix90.4%
Spread
-0.353%Below
Fees
$1,237Fees
Refinance
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume103
Mix9.6%
Spread
+0.240%Above
Fees
$1,471Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,073
Applications
1,443
Volume
$519 million
Pricing & Closing
Avg Rate Spread
-0.301%
vs. market APOR
Avg Net Fees
$1,257
Origination − Credits
Pullthrough Rate
74.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$484,590
Avg Borrower Income
$231,692
Avg Property Value
$692,418
Geographic Coverage
Geographic Performance
Metro Areas
14
markets with activity
States Served
24
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
24Northeast6
CTMANHNJNYPA
Midwest3
ILINMO
South12
ALDEFLGAKYLAMDNCSCTNTXVA
West3
CANMUT
Top Metro Areas by Place Specialization Score
Volume 268Mix 24.98% of portfolio
78/100
Strong
Volume 202Mix 18.83% of portfolio
77/100
Strong
Volume 124Mix 11.56% of portfolio
76/100
Strong
Volume 76Mix 7.08% of portfolio
66/100
Strong
Volume 36Mix 3.36% of portfolio
62/100
Strong
Volume 38Mix 3.54% of portfolio
61/100
Strong
Volume 42Mix 3.91% of portfolio
58/100
Sound
Volume 35Mix 3.26% of portfolio
57/100
Sound
Volume 21Mix 1.96% of portfolio
56/100
Sound
Volume 32Mix 2.98% of portfolio
53/100
SoundShowing 10 of 14 metro areas
Top States by Place Specialization Score
1
New JerseyState
Volume 354Mix 32.99% of portfolio
80/100
Exceptional2
New YorkState
Volume 450Mix 41.94% of portfolio
79/100
Strong3
FloridaState
Volume 188Mix 17.52% of portfolio
63/100
Strong4
AlabamaState
Volume 31Mix 2.89% of portfolio
51/100
Sound5
PennsylvaniaState
Volume 14Mix 1.30% of portfolio
39/100
AcceptableHow We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.