We analyzed every closed loan from Washington Federal Bank — 690 loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 18 mkts
Summary
What They Do Well
- Particularly strong in Conventional and Jumbo loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,643)
- Pull through efficiency is below industry average
Explore another lender or local market
Report Card
Washington Federal Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+43.4 bps above market avg
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
Jumbo
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 19 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 | 508 | 73.6% | +0.407%Above | $4,689Fees | ||||
Jumbo Loans | 182 | 26.4% | +0.820%Above | $3,980Fees |
Conventional
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughAcceptable
Volume508
Mix73.6%
Spread
+0.407%Above
Fees
$4,689Fees
Jumbo Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughSound
Volume182
Mix26.4%
Spread
+0.820%Above
Fees
$3,980Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 648 | 93.9% | +0.417%Above | $4,785Fees | ||||
Refinance | 42 | 6.1% | +0.563%Above | $3,562Fees |
Purchase
OverallAcceptable
ProductStrong
PricingMediocre
Pull ThroughAcceptable
Volume648
Mix93.9%
Spread
+0.417%Above
Fees
$4,785Fees
Refinance
OverallAcceptable
ProductAcceptable
PricingMediocre
Pull ThroughMediocre
Volume42
Mix6.1%
Spread
+0.563%Above
Fees
$3,562Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
690
Applications
1,645
Volume
$519 million
Pricing & Closing
Avg Rate Spread
+0.434%
vs. market APOR
Avg Net Fees
$4,643
Origination − Credits
Pullthrough Rate
41.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$753,319
Avg Borrower Income
$256,945
Avg Property Value
$1,347,536
Geographic Coverage
Geographic Performance
Metro Areas
18
markets with activity
States Served
8
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
8West8
AZCAIDNMNVORUTWA
Top Metro Areas by Place Specialization Score
Volume 75Mix 10.87% of portfolio
67/100
Strong
Volume 40Mix 5.80% of portfolio
64/100
Strong
Volume 42Mix 6.09% of portfolio
59/100
Sound
Volume 25Mix 3.62% of portfolio
59/100
Sound
Volume 16Mix 2.32% of portfolio
58/100
Sound
Volume 34Mix 4.93% of portfolio
56/100
Sound
Volume 35Mix 5.07% of portfolio
55/100
Sound
Volume 39Mix 5.65% of portfolio
54/100
Sound
Volume 15Mix 2.17% of portfolio
54/100
Sound
Volume 26Mix 3.77% of portfolio
54/100
SoundShowing 10 of 18 metro areas
Top States by Place Specialization Score
1
WashingtonState
Volume 284Mix 41.16% of portfolio
79/100
Strong2
OregonState
Volume 94Mix 13.62% of portfolio
67/100
Strong3
ArizonaState
Volume 90Mix 13.04% of portfolio
63/100
Strong4
UtahState
Volume 56Mix 8.12% of portfolio
59/100
Sound5
IdahoState
Volume 56Mix 8.12% of portfolio
59/100
Sound6
NevadaState
Volume 44Mix 6.38% of portfolio
58/100
Sound7
New MexicoState
Volume 31Mix 4.49% of portfolio
55/100
Sound8
CaliforniaState
Volume 35Mix 5.07% of portfolio
47/100
SoundHow 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.