Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Memphis

Updated February 5, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ 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.

Market

Total Lenders26

Total Loans12,587

Median Rate Spread0.33%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Patriot BankBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,296Fees	0.027%Below	399
2	Financial Federal BankBank	Exceptional	Exceptional	Sound	Strong	Strong	$661Fees	0.088%Below	121
3	Bank of America, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$2,610Fees	0.007%Below	77
4	Cadence BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,250Fees	0.001%Above	421
5	Trustmark National BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,143Fees	0.219%Above	335
6	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$2,263Fees	0.050%Above	84
7	Truist BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$2,324Fees	0.218%Above	61
8	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$847Fees	0.251%Above	48
9	Pinnacle BankBank	Strong	Sound	Strong	Strong	Exceptional	$2,324Fees	0.096%Above	402
10	Eagle Bank and Trust CompanyBank	Strong	Sound	Strong	Strong	Exceptional	$3,142Fees	0.296%Above	272
11	First Horizon BankBank	Strong	Sound	Exceptional	Strong	Strong	$1,343Fees	0.086%Above	241
12	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$2,244Fees	0.021%Above	199
13	BankPlusBank	Strong	Strong	Strong	Strong	Sound	$1,230Fees	0.171%Above	41
14	First Citizens National BankBank	Strong	Strong	Strong	Strong	Sound	$829Fees	0.319%Below	36
15	Evolve Bank & TrustBank	Strong	Sound	Strong	Strong	Strong	$2,288Fees	0.220%Above	181
16	FirstBankBank	Strong	Sound	Exceptional	Strong	Sound	$1,681Fees	0.534%Above	52
17	Regions BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$1,957Fees	0.462%Above	240
18	Renasant BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,320Fees	0.300%Above	200
19	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Sound	$2,807Fees	0.421%Above	64
20	Simmons BankBank	Strong	Acceptable	Strong	Sound	Strong	$1,504Fees	0.723%Above	107
21	Bank of EnglandBank	Strong	Acceptable	Strong	Sound	Strong	$2,655Fees	0.213%Above	104
22	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Sound	$1,635Fees	0.109%Below	53
23	Independent BankBank	Sound	Acceptable	Sound	Sound	Strong	$2,320Fees	0.386%Above	110
24	Community Bank of MississippiBank	Sound	Mediocre	Strong	Strong	Strong	$2,131Fees	0.265%Above	57

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 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.