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North Shore Bank of Commerce
Bank|Duluth, MN|Multi-Region
Loans Originated
522
Applications
583
Volume
$153 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.202%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,399
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
89.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and VA and Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
North Shore Bank of Commerce performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 2 metro areas · 6 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$294,751
Average Borrower Income
$138,027
Average Property Value
$372,370
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Exceptional | 475 | 91.0% | +0.203% | $3,404 |
FHA Loans | Strong | Sound | N/A | Exceptional | 16 | 3.1% | +0.843% | $2,362 |
VA Loans | Strong | Strong | N/A | Exceptional | 19 | 3.6% | -0.309% | $1,656 |
Jumbo Loans | Strong | Strong | N/A | N/A | 12 | 2.3% | +0.327% | $8,305 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Exceptional | 476 | 91.2% | +0.200% | $3,485 |
Refinance | Sound | Strong | Acceptable | Exceptional | 46 | 8.8% | +0.221% | $2,670 |
Geographic Coverage
Metro Areas
1
States Served
6
We count Washington DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
FLMEMNNDTXWI
Top Metro Areas by Place Specialization Score
1
Duluth, MN, MN-WIMSA
Volume: 443Mix: 84.87%
Place Specialization
Exceptional
Top States by Place Specialization Score
1
MNState
Volume: 477Mix: 91.38%
Place Specialization
Exceptional
2
WIState
Volume: 40Mix: 7.66%
Place Specialization
Sound
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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