To start, go to our dashboard and click on the tile for the lender ranking report.
A pop-up window will appear asking us to select a specific geography, such as a state, MSA, or county. For this demonstration, we will choose Boston. After typing "Boston" and selecting it, click save.
The report is based on the most up-to-date HMDA data, and you'll see top lender thresholds, the top lender list, and market-level statistics.
If the loan-to-lender ratio is above 100, it indicates a large market, while a ratio below 100 suggests a relatively smaller market.
The concentration score reveals how much of a market the top five lenders control in dollars.
The Top 5 Threshold indicates what market share a lender needs to become the number five lender in this market.
Now, let's dive into the details of the report. Scrolling down, you will find the lender ranking. The report displays the share in dollars and loans for each lender.
While the top 25 lenders are listed, we have the option to load the next 25 or view all lenders in the market using the buttons provided.
The report also offers toggles for different loan segments. For example, we can select the LMI (low to moderate income) toggle to see how many loans were originated in LMI census tracts.
A similar toggle is available for majority minority census tracts (MMCT). The tool is dynamic and allows us to explore different loan segments. You can switch from purchase loans to refinance loans or view a combination of both.
Furthermore, you can analyze the data by borrower income, loan type (government or conventional), or race and ethnicity. For example, by selecting African-American from the segments dropdown list, you can see the top lenders for African-American borrowers.
You can also examine the top FHA lenders or the top lender for low to moderate income (LMI) borrowers.
You can toggle the lender rankings back and forth by dollars or loans, depending on your preference.
This tool is a great way to see how you and competitors are performing in your markets—not just overall, but also broken down for diverse lending, CRA lending, and more.