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SOMERSET TRUST COMPANY
Bank|SOMERSET, PA|Regional
Loans Originated
288
Applications
367
Volume
$51 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
-0.063%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$602
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
78.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 6.30 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and USDA loans
Report Card
SOMERSET TRUST COMPANY 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 | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Regional · 3 metro areas · 4 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$179,757
Average Borrower Income
$110,389
Average Property Value
$268,194
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 263 | 91.3% | -0.045% | $575 |
USDA Loans | Sound | Strong | N/A | Sound | 22 | 7.6% | -0.283% | $1,111 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Sound | Exceptional | Strong | 193 | 67.0% | +0.048% | $819 |
Refinance | Strong | Sound | Strong | Strong | 95 | 33.0% | -0.277% | $184 |
Geographic Coverage
Metro Areas
2
States Served
4
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
MDPAVAWV
Top Metro Areas by Place Specialization Score
1
Pittsburgh, PA, PAMSA
Volume: 140Mix: 48.61%
Place Specialization
Strong
2
Johnstown, PA, PAMSA
Volume: 31Mix: 10.76%
Place Specialization
Strong
Top States by Place Specialization Score
1
PAState
Volume: 280Mix: 97.22%
Place Specialization
Strong
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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