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MICHIGAN SCHOOLS AND GOVERNMENT
Credit Union|Clinton Township, MI|Regional
Loans Originated
1,095
Applications
1,492
Volume
$334 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.311%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$637
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
73.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 31.10 basis points below market average
- Lower than average lender fees
- Strong pull through performance
Report Card
MICHIGAN SCHOOLS AND GOVERNMENT 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 | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Regional · 7 metro areas · 2 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$305,539
Average Borrower Income
$138,630
Average Property Value
$398,991
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 1,047 | 95.6% | -0.329% | $646 |
FHA Loans | Sound | Sound | Strong | Sound | 39 | 3.6% | +0.216% | $425 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Sound | 806 | 73.6% | -0.310% | $630 |
Refinance | Strong | Strong | Exceptional | Strong | 289 | 26.4% | -0.315% | $657 |
Geographic Coverage
Metro Areas
6
States Served
2
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
FLMI
Top Metro Areas by Place Specialization Score
1
Warren, MIMSA
Volume: 852Mix: 77.81%
Place Specialization
Exceptional
2
Detroit, MIMSA
Volume: 113Mix: 10.32%
Place Specialization
Strong
3
Ann Arbor, MI, MIMSA
Volume: 23Mix: 2.10%
Place Specialization
Sound
4
Lansing, MIMSA
Volume: 16Mix: 1.46%
Place Specialization
Sound
5
Grand Rapids, MIMSA
Volume: 16Mix: 1.46%
Place Specialization
Sound
6
Flint, MI, MIMSA
Volume: 12Mix: 1.10%
Place Specialization
Sound
Top States by Place Specialization Score
1
MIState
Volume: 1,084Mix: 99.00%
Place Specialization
Exceptional
2
FLState
Volume: 11Mix: 1.00%
Place Specialization
Acceptable
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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