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WEST GATE BANK
Bank|Lincoln, NE|Multi-Region
Loans Originated
1,760
Applications
2,006
Volume
$459 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Exceptional
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.037%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,120
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
87.7%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
WEST GATE BANK performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 9 metro areas · 16 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$260,864
Average Borrower Income
$129,532
Average Property Value
$360,170
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Exceptional | Exceptional | 1,646 | 93.5% | -0.021% | $1,110 |
FHA Loans | Sound | Sound | N/A | Sound | 33 | 1.9% | -0.036% | $585 |
VA Loans | Strong | Strong | Strong | Strong | 62 | 3.5% | -0.546% | $1,635 |
USDA Loans | Strong | Strong | N/A | Strong | 18 | 1.0% | -0.298% | $1,125 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Strong | 1,478 | 84.0% | -0.028% | $1,142 |
Refinance | Strong | Strong | Strong | Exceptional | 282 | 16.0% | -0.082% | $1,009 |
Geographic Coverage
Metro Areas
8
States Served
16
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCOFLIAILKSMNMOMTNDNENMOKSDTXWY
Top Metro Areas by Place Specialization Score
1
Omaha, NE, NE-IAMSA
Volume: 429Mix: 24.38%
Place Specialization
Exceptional
2
Lincoln, NE, NEMSA
Volume: 310Mix: 17.61%
Place Specialization
Exceptional
3
Grand Island, NE, NEMSA
Volume: 34Mix: 1.93%
Place Specialization
Strong
4
Sioux City, IAMSA
Volume: 31Mix: 1.76%
Place Specialization
Sound
5
Des Moines, IAMSA
Volume: 36Mix: 2.05%
Place Specialization
Sound
6
Ames, IA, IAMSA
Volume: 14Mix: 0.80%
Place Specialization
Sound
7
Waterloo, IAMSA
Volume: 12Mix: 0.68%
Place Specialization
Sound
8
Sioux Falls, SD, SD-MNMSA
Volume: 11Mix: 0.62%
Place Specialization
Sound
Top States by Place Specialization Score
1
NEState
Volume: 1,396Mix: 79.32%
Place Specialization
Exceptional
2
IAState
Volume: 248Mix: 14.09%
Place Specialization
Strong
3
WYState
Volume: 30Mix: 1.70%
Place Specialization
Sound
4
SDState
Volume: 24Mix: 1.36%
Place Specialization
Sound
5
KSState
Volume: 11Mix: 0.62%
Place Specialization
Acceptable
6
COState
Volume: 12Mix: 0.68%
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.
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