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Frandsen Bank & Trust

BankLonsdale, MNHQDirectReviews near you on Google

We analyzed every closed loan from Frandsen Bank & Trust 518 loans across 672 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Strong
4/5
Multi-Region · 5 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Jumbo Superstar
Jumbo
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and Jumbo loans

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Report Card

Frandsen Bank & Trust performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+7.0 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 6 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume492
Mix95.0%
Spread
+0.097%Above
Fees
$2,399Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume21
Mix4.1%
Spread
-0.486%Below
Fees
$3,865Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume435
Mix84.0%
Spread
+0.075%Above
Fees
$2,612Fees
Refinance
Overall
Sound
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume83
Mix16.0%
Spread
+0.048%Above
Fees
$1,745Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
518
Applications
672
Volume
$159 million
Pricing & Closing
Avg Rate Spread
+0.070%
vs. market APOR
Avg Net Fees
$2,464
Origination − Credits
Pullthrough Rate
77.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$307,915
Avg Borrower Income
$170,741
Avg Property Value
$446,853

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
8
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

8
8 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest5
IAMNNDSDWI
South1
FL
West2
AZWY

Top Metro Areas by Place Specialization Score

1© ENN · CC BY-SA 3.0
Duluth, MN, MN-WIMetro
Volume 115Mix 22.20% of portfolio
79/100
Strong
2© Bruce Nikle · Public domain
Grand Forks, ND, ND-MNMetro
Volume 37Mix 7.14% of portfolio
78/100
Strong
3© w_lemay · CC BY-SA 2.0
Minneapolis, MN-WIMetro
Volume 117Mix 22.59% of portfolio
68/100
Strong
Volume 11Mix 2.12% of portfolio
50/100
Sound
Volume 14Mix 2.70% of portfolio
48/100
Sound

Top States by Place Specialization Score

Minnesota
Minnesota
1
MinnesotaState
Volume 418Mix 80.69% of portfolio
81/100
Exceptional
Wisconsin
Wisconsin
2
WisconsinState
Volume 60Mix 11.58% of portfolio
60/100
Sound
North Dakota
North Dakota
3
North DakotaState
Volume 29Mix 5.60% of portfolio
55/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.