We analyzed every closed loan from West Gate Bank — 1.8k 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
Exceptional
5/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 8 mkts
Awards
Conventional
Champion
Purchase
Champion
Refinance
Champion
VA
Superstar
Summary
What They Do Well
- Offers rates 3.70 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and VA and USDA loans
Explore another lender or local market
Report Card
West Gate Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 3.7 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
FHA
Sound
Top 60% of lenders
VA
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 9 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 1,646 | 93.5% | -0.021%Below | $1,110Fees | ||||
FHA Loans | — | 33 | 1.9% | -0.036%Below | $585Fees | |||
VA Loans | 62 | 3.5% | -0.546%Below | $1,635Fees | ||||
USDA Loans | — | 18 | 1.0% | -0.298%Below | $1,125Fees |
Conventional
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughExceptional
Volume1,646
Mix93.5%
Spread
-0.021%Below
Fees
$1,110Fees
FHA Loans
OverallSound
ProductSound
Pricing—
Pull ThroughSound
Volume33
Mix1.9%
Spread
-0.036%Below
Fees
$585Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume62
Mix3.5%
Spread
-0.546%Below
Fees
$1,635Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume18
Mix1.0%
Spread
-0.298%Below
Fees
$1,125Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,478 | 84.0% | -0.028%Below | $1,142Fees | ||||
Refinance | 282 | 16.0% | -0.082%Below | $1,009Fees |
Purchase
OverallExceptional
ProductStrong
PricingExceptional
Pull ThroughStrong
Volume1,478
Mix84.0%
Spread
-0.028%Below
Fees
$1,142Fees
Refinance
OverallExceptional
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume282
Mix16.0%
Spread
-0.082%Below
Fees
$1,009Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,760
Applications
2,006
Volume
$459 million
Pricing & Closing
Avg Rate Spread
-0.037%
vs. market APOR
Avg Net Fees
$1,120
Origination − Credits
Pullthrough Rate
87.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$260,864
Avg Borrower Income
$129,532
Avg Property Value
$360,170
Geographic Coverage
Geographic Performance
Metro Areas
8
markets with activity
States Served
16
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
16Midwest8
IAILKSMNMONDNESD
South3
FLOKTX
West5
AZCOMTNMWY
Top Metro Areas by Place Specialization Score
Volume 429Mix 24.38% of portfolio
91/100
Exceptional
Volume 310Mix 17.61% of portfolio
89/100
Exceptional
Volume 34Mix 1.93% of portfolio
76/100
Strong
Volume 31Mix 1.76% of portfolio
58/100
Sound
Volume 36Mix 2.05% of portfolio
55/100
Sound
Volume 14Mix 0.80% of portfolio
47/100
Sound
Volume 12Mix 0.68% of portfolio
43/100
Sound
Volume 11Mix 0.62% of portfolio
42/100
SoundTop States by Place Specialization Score
1
NebraskaState
Volume 1,396Mix 79.32% of portfolio
100/100
Exceptional2
IowaState
Volume 248Mix 14.09% of portfolio
72/100
Strong3
WyomingState
Volume 30Mix 1.70% of portfolio
57/100
Sound4
South DakotaState
Volume 24Mix 1.36% of portfolio
51/100
Sound5
KansasState
Volume 11Mix 0.62% of portfolio
40/100
Acceptable6
ColoradoState
Volume 12Mix 0.68% of portfolio
38/100
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.