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JOLT CREDIT UNION
Credit Union|Saginaw, MI|Single State
Loans Originated
96
Applications
316
Volume
$15 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Mediocre
Pricing and Pullthrough Overview
Average Rate Spread
+0.122%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,912
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
30.4%
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
Things to Think About
- Pull through efficiency is below industry average
Report Card
JOLT CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Mediocre | Below peers | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Strong | Single State · 3 metro areas · 1 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$157,292
Average Borrower Income
$95,604
Average Property Value
$207,604
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Strong | Sound | 96 | 100.0% | +0.122% | $1,912 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Sound | Acceptable | 75 | 78.1% | +0.161% | $1,866 |
Refinance | Acceptable | Acceptable | N/A | Acceptable | 21 | 21.9% | -0.090% | $2,169 |
Geographic Coverage
Metro Areas
3
States Served
1
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
MI
Top Metro Areas by Place Specialization Score
1
Saginaw, MI, MIMSA
Volume: 42Mix: 43.75%
Place Specialization
Strong
2
Bay City, MI, MIMSA
Volume: 31Mix: 32.29%
Place Specialization
Strong
3
Midland, MI, MIMSA
Volume: 11Mix: 11.46%
Place Specialization
Sound
Top States by Place Specialization Score
1
MIState
Volume: 96Mix: 100.00%
Place Specialization
Strong
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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