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Sandia Laboratory Federal Credit Union
Credit Union|Albuquerque, NM|Multi-Region
Loans Originated
418
Applications
542
Volume
$218 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.640%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,425
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 64.00 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Report Card
Sandia Laboratory Federal Credit Union 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 | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 4 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
$522,081
Average Borrower Income
$213,270
Average Property Value
$692,057
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 372 | 89.0% | -0.628% | $1,152 |
Jumbo Loans | Strong | Strong | Strong | Strong | 46 | 11.0% | -0.736% | $3,656 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Strong | Strong | 346 | 82.8% | -0.645% | $1,611 |
Refinance | Strong | Sound | Exceptional | Strong | 72 | 17.2% | -0.614% | $483 |
Geographic Coverage
Metro Areas
3
States Served
6
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCACONMNVTX
Top Metro Areas by Place Specialization Score
1
Albuquerque, NM, NMMSA
Volume: 270Mix: 64.59%
Place Specialization
Exceptional
2
Oakland, CAMSA
Volume: 60Mix: 14.35%
Place Specialization
Strong
3
San Jose, CAMSA
Volume: 23Mix: 5.50%
Place Specialization
Sound
Top States by Place Specialization Score
1
NMState
Volume: 295Mix: 70.57%
Place Specialization
Exceptional
2
CAState
Volume: 100Mix: 23.92%
Place Specialization
Sound
3
TXState
Volume: 10Mix: 2.39%
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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