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Purdue

Credit UnionWest Lafayette, INHQDirectReviews near you on Google

We analyzed every closed loan from Purdue 478 loans across 632 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional
Place
Strong
4/5
Multi-Region · 4 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance

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Report Card

Purdue performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+13.2 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume469
Mix98.1%
Spread
+0.133%Above
Fees
$782Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Strong
Volume435
Mix91.0%
Spread
+0.111%Above
Fees
$742Fees
Refinance
Overall
Strong
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume43
Mix9.0%
Spread
+0.341%Above
Fees
$1,167Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
478
Applications
632
Volume
$141 million
Pricing & Closing
Avg Rate Spread
+0.132%
vs. market APOR
Avg Net Fees
$781
Origination − Credits
Pullthrough Rate
75.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$295,669
Avg Borrower Income
$143,950
Avg Property Value
$399,435

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
23
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

23
23 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast2
MAPA
Midwest6
ILINMIMNMOOH
South9
ALFLGALAMDMSNCTNTX
West6
AZCACONMWAWY

Top Metro Areas by Place Specialization Score

Volume 314Mix 65.69% of portfolio
100/100
Exceptional
2© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 40Mix 8.37% of portfolio
58/100
Sound
3© 97angel · CC BY-SA 4.0
Michigan City, INMetro
Volume 16Mix 3.35% of portfolio
57/100
Sound
Volume 13Mix 2.72% of portfolio
47/100
Sound

Top States by Place Specialization Score

Indiana
Indiana
1
IndianaState
Volume 419Mix 87.66% of portfolio
80/100
Exceptional
Illinois
Illinois
2
IllinoisState
Volume 11Mix 2.30% of portfolio
39/100
Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.