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Nusenda

Credit UnionAlbuquerque, NMDirect to Consumer

We analyzed every closed loan from Nusenda 484 loans across 720 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA
Place
Strong
Regional · 3 mkts
Safe Rate AwardsConventional SuperstarPurchase SuperstarRefinance Superstar

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Safe Rate's Summary

What They Do Well

  • Offers rates 28.90 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance

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Report Card

Nusenda performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
Rates 28.9 bps below market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Sound
Industry Standard
Top 60% of lenders
VA
Sound
Industry Standard
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Regional4 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Strong
42888.4%
-0.354%Below
$1,245Fees
FHA Loans
Sound
Sound
Sound
Sound
357.2%
+0.599%Above
$1,762Fees
VA Loans
Sound
Sound
Sound
142.9%
-0.177%Below
$1,533Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Strong
37777.9%
-0.338%Below
$1,264Fees
Refinance
Strong
Strong
Sound
Strong
10722.1%
+0.033%Above
$1,327Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
484
Applications
720
Volume
$143 million
Pricing & Closing
Avg Rate Spread
-0.289%
vs. market APOR
Avg Net Fees
$1,273
Origination − Credits
Pullthrough Rate
67.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$295,764
Avg Borrower Income
$140,316
Avg Property Value
$427,293

Geographic Coverage

Geographic Performance

Metro Areas
3
States Served
2
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

NMTX

Top Metro Areas by Place Specialization Score

1
Santa Fe, NM, NMMSA
Volume: 65Mix: 13.43%of portfolio
Place
Exceptional
2
Albuquerque, NM, NMMSA
Volume: 353Mix: 72.93%of portfolio
Place
Exceptional
3
Las Cruces, NM, NMMSA
Volume: 17Mix: 3.51%of portfolio
Place
Sound

Top States by Place Specialization Score

1
NMState
Volume: 479Mix: 98.97%of portfolio
Place
Exceptional

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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.