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Manufacturers and Traders Trust Company
Bank|Buffalo, NY|National
Loans Originated
7,577
Applications
10,749
Volume
$3 billion
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.105%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,064
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.5%
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 and VA and Jumbo loans
- Nationwide availability with consistent service
Report Card
Manufacturers and Traders Trust Company performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$432,535
Average Borrower Income
$201,628
Average Property Value
$627,354
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Sound | Strong | 5,141 | 67.9% | +0.098% | $1,174 |
FHA Loans | Strong | Exceptional | Strong | Strong | 1,283 | 16.9% | +0.358% | $1,134 |
VA Loans | Strong | Exceptional | Sound | Strong | 481 | 6.3% | -0.247% | $2,177 |
Jumbo Loans | Strong | Exceptional | Strong | Strong | 666 | 8.8% | -0.206% | -$185 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Strong | Strong | 5,675 | 74.9% | +0.060% | $753 |
Refinance | Strong | Exceptional | Sound | Strong | 1,902 | 25.1% | +0.226% | $1,893 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Buffalo, NYMSA
Volume: 1,054Mix: 13.91%
Place Specialization
Exceptional
2
Frederick, MDMSA
Volume: 217Mix: 2.86%
Place Specialization
Exceptional
3
Bridgeport, CTMSA
Volume: 162Mix: 2.14%
Place Specialization
Exceptional
4
Boston, MA, MAMSA
Volume: 306Mix: 4.04%
Place Specialization
Exceptional
5
Baltimore, MDMSA
Volume: 398Mix: 5.25%
Place Specialization
Exceptional
6
Arlington, VA-WVMSA
Volume: 373Mix: 4.92%
Place Specialization
Strong
7
New York, NY-NJMSA
Volume: 425Mix: 5.61%
Place Specialization
Strong
8
Binghamton, NY, NYMSA
Volume: 107Mix: 1.41%
Place Specialization
Strong
9
Cambridge, MAMSA
Volume: 302Mix: 3.99%
Place Specialization
Strong
10
Utica, NYMSA
Volume: 78Mix: 1.03%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 2,631Mix: 34.72%
Place Specialization
Exceptional
2
MDState
Volume: 748Mix: 9.87%
Place Specialization
Exceptional
3
MAState
Volume: 723Mix: 9.54%
Place Specialization
Exceptional
4
NJState
Volume: 505Mix: 6.66%
Place Specialization
Strong
5
CTState
Volume: 385Mix: 5.08%
Place Specialization
Strong
6
PAState
Volume: 560Mix: 7.39%
Place Specialization
Strong
7
VAState
Volume: 460Mix: 6.07%
Place Specialization
Strong
8
DCState
Volume: 91Mix: 1.20%
Place Specialization
Strong
9
DEState
Volume: 97Mix: 1.28%
Place Specialization
Strong
10
VTState
Volume: 86Mix: 1.14%
Place Specialization
Strong
Showing 10 of 42 states
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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