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Berkshire Bank
Bank|Pittsfield, MA|Multi-Region
Loans Originated
693
Applications
918
Volume
$460 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards💎Jumbo Champion⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.165%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$358
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
75.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 16.50 basis points below market average
- Lower than average lender fees
- Strong pull through performance
Report Card
Berkshire Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Sound | Industry Standard | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 11 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$664,553
Average Borrower Income
$280,971
Average Property Value
$941,551
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Sound | Exceptional | Sound | 467 | 67.4% | -0.158% | $927 |
FHA Loans | Strong | Sound | Exceptional | Sound | 26 | 3.8% | -0.028% | $776 |
Jumbo Loans | Exceptional | Exceptional | Exceptional | Strong | 198 | 28.6% | -0.195% | -$1,044 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 601 | 86.7% | -0.136% | $537 |
Refinance | Strong | Sound | Exceptional | Sound | 92 | 13.3% | -0.351% | -$803 |
Geographic Coverage
Metro Areas
10
States Served
10
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CTFLMAMENHNYPARISCVT
Top Metro Areas by Place Specialization Score
1
Cambridge, MAMSA
Volume: 247Mix: 35.64%
Place Specialization
Exceptional
2
Boston, MA, MAMSA
Volume: 143Mix: 20.63%
Place Specialization
Strong
3
Worcester, MA, MAMSA
Volume: 41Mix: 5.92%
Place Specialization
Strong
4
Providence, RI-MAMSA
Volume: 32Mix: 4.62%
Place Specialization
Sound
5
Springfield, MA, MAMSA
Volume: 25Mix: 3.61%
Place Specialization
Sound
6
Utica, NYMSA
Volume: 22Mix: 3.17%
Place Specialization
Sound
7
Albany, NYMSA
Volume: 22Mix: 3.17%
Place Specialization
Sound
8
Pittsfield, MA, MAMSA
Volume: 15Mix: 2.16%
Place Specialization
Sound
9
Hartford, CTMSA
Volume: 15Mix: 2.16%
Place Specialization
Sound
10
Barnstable Town, MA, MAMSA
Volume: 12Mix: 1.73%
Place Specialization
Sound
Top States by Place Specialization Score
1
MAState
Volume: 494Mix: 71.28%
Place Specialization
Exceptional
2
NYState
Volume: 80Mix: 11.54%
Place Specialization
Strong
3
RIState
Volume: 27Mix: 3.90%
Place Specialization
Sound
4
NHState
Volume: 25Mix: 3.61%
Place Specialization
Sound
5
CTState
Volume: 31Mix: 4.47%
Place Specialization
Sound
6
VTState
Volume: 11Mix: 1.59%
Place Specialization
Sound
7
FLState
Volume: 12Mix: 1.73%
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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