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Frandsen Bank & Trust

Bank•Lonsdale, MNHQ•Direct•Reviews 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
Promptness
Not enough data
—/5
No quote responses measured yet
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

Explore another lender or local market

Report Card

Frandsen Bank & Trust performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+7.0 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
492 loans · 0.10% above market
Strong
Top 40% of lenders
4/5
Jumbo
21 loans · 0.49% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
435 loans · 0.07% above market
Strong
Top 40% of lenders
4/5
Refinance
83 loans · 0.05% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 6 markets
Strong
Top 40% of lenders
4/5

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

8Full-year 2024 · HMDA
8 states with loan originations
Loans originated
< 2020–5050+None
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© Glorioussandwich · 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
4© Bethany Lutheran College · CC BY-SA 4.0
Mankato, MNMetro
Volume 11Mix 2.12% of portfolio
50/100
Sound
5© Theresa Marconi · CC BY-SA 3.0
Rochester, MNMetro
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 the 5 Ps: Pricing, Product, Pull-Through, Place, and Promptness. Promptness measures how quickly a lender answers real shopper quote requests; a lender with none measured yet is counted at an estimate.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary Safe Rate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

Looking for a different lender?

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.