What loan types does ESSENTIAL offer?

ESSENTIAL offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does ESSENTIAL offer mortgages?

ESSENTIAL offers mortgages in 3 states: ID, LA, MS.

How competitive are ESSENTIAL's mortgage rates?

ESSENTIAL has an overall pricing score of 42.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is ESSENTIAL?

ESSENTIAL is a Credit Union headquartered in Baton Rouge, LA.

Unclaimed

Essential

Credit Union•Baton Rouge, LA•Direct to Consumer

Essential has 24 closed loans in our dataset — fully analyzed and benchmarked against peers across the 4 Ps of Mortgage Shopping.

Pricing

Sound

vs. all lenders

Pull Through

Acceptable

closing strength

Products

Acceptable

Conventional

Place

Sound

Regional · 1 mkts

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Safe Rate's Summary

Things to Think About

Pull through efficiency is below industry average

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Report Card

Essential performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Sound	Industry Standard +43.9 bps above market avg
Pull Through Closing strength	Acceptable	Near industry average Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional	Acceptable	Near industry average Bottom 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Acceptable	Near industry average Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Regional1 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Acceptable	Acceptable	Sound	Acceptable	24	100.0%	+0.439%Above	$2,570Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Acceptable	—	Acceptable	18	75.0%	+0.303%Above	$3,076Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$6 million

Pricing & Closing

Avg Rate Spread

+0.439%

vs. market APOR

Avg Net Fees

$2,570

Origination − Credits

Pullthrough Rate

63.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$255,000

Avg Borrower Income

$148,917

Avg Property Value

$307,500

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

IDLAMS

Top Metro Areas by Place Specialization Score

Baton Rouge, LA, LAMSA

Volume: 21Mix: 87.50%of portfolio

Place

Sound

Top States by Place Specialization Score

LAState

Volume: 22Mix: 91.67%of portfolio

Place

Sound

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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 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.