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EVERWISE CREDIT UNION
Credit Union|South Bend, IN|Multi-Region
Loans Originated
731
Applications
1,046
Volume
$166 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.214%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$656
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA loans
Report Card
EVERWISE CREDIT UNION 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 | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 8 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
$227,886
Average Borrower Income
$99,741
Average Property Value
$292,811
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 610 | 83.4% | +0.220% | $716 |
FHA Loans | Strong | Strong | Exceptional | Strong | 93 | 12.7% | +0.234% | $484 |
VA Loans | Sound | Sound | N/A | N/A | 14 | 1.9% | -0.308% | -$166 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Strong | 585 | 80.0% | +0.170% | $610 |
Refinance | Strong | Strong | Strong | Sound | 146 | 20.0% | +0.419% | $873 |
Geographic Coverage
Metro Areas
7
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALAZFLILINMINCNVOHTN
Top Metro Areas by Place Specialization Score
1
South Bend, IN-MIMSA
Volume: 200Mix: 27.36%
Place Specialization
Exceptional
2
Elkhart, INMSA
Volume: 61Mix: 8.34%
Place Specialization
Strong
3
Fort Wayne, IN, INMSA
Volume: 129Mix: 17.65%
Place Specialization
Strong
4
Indianapolis, INMSA
Volume: 109Mix: 14.91%
Place Specialization
Strong
5
Lake County, INMSA
Volume: 25Mix: 3.42%
Place Specialization
Sound
6
Niles, MI, MIMSA
Volume: 20Mix: 2.74%
Place Specialization
Sound
7
Michigan City, INMSA
Volume: 11Mix: 1.50%
Place Specialization
Sound
Top States by Place Specialization Score
1
INState
Volume: 665Mix: 90.97%
Place Specialization
Exceptional
2
MIState
Volume: 53Mix: 7.25%
Place Specialization
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)
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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