We analyzed every closed loan from Summit Credit Union — 2.5k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Exceptional
5/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Strong
4/5
Multi-Region · 13 mkts
Awards
Refinance
Champion
Conventional
Superstar
Purchase
Superstar
Summary
What They Do Well
- Offers rates 8.00 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
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Report Card
Summit Credit Union performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 8.0 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Exceptional
Top 20% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 14 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,428 | 97.7% | -0.078%Below | $57Fees | ||||
Jumbo Loans | — | 57 | 2.3% | -0.468%Below | $447Credit |
Conventional
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume2,428
Mix97.7%
Spread
-0.078%Below
Fees
$57Fees
Jumbo Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughStrong
Volume57
Mix2.3%
Spread
-0.468%Below
Fees
$447Credit
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,883 | 75.8% | -0.082%Below | $58Credit | ||||
Refinance | 602 | 24.2% | -0.075%Below | $325Fees |
Purchase
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughSound
Volume1,883
Mix75.8%
Spread
-0.082%Below
Fees
$58Credit
Refinance
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume602
Mix24.2%
Spread
-0.075%Below
Fees
$325Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,485
Applications
4,100
Volume
$783 million
Pricing & Closing
Avg Rate Spread
-0.080%
vs. market APOR
Avg Net Fees
$55
Origination − Credits
Pullthrough Rate
60.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$315,451
Avg Borrower Income
$144,631
Avg Property Value
$431,974
Geographic Coverage
Geographic Performance
Metro Areas
13
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
7Midwest4
ILMIMNWI
South1
FL
West2
AZCO
Top Metro Areas by Place Specialization Score
Volume 1,027Mix 41.33% of portfolio
97/100
Exceptional
Volume 149Mix 6.00% of portfolio
92/100
Exceptional
Volume 505Mix 20.32% of portfolio
89/100
Exceptional
Volume 33Mix 1.33% of portfolio
66/100
Strong
Volume 39Mix 1.57% of portfolio
63/100
Strong
Volume 27Mix 1.09% of portfolio
62/100
Strong
Volume 20Mix 0.80% of portfolio
50/100
Sound
Volume 16Mix 0.64% of portfolio
50/100
Sound
Volume 18Mix 0.72% of portfolio
48/100
Sound
Volume 15Mix 0.60% of portfolio
45/100
SoundShowing 10 of 13 metro areas
Top States by Place Specialization Score
1
WisconsinState
Volume 2,419Mix 97.34% of portfolio
100/100
Exceptional2
IllinoisState
Volume 29Mix 1.17% of portfolio
46/100
Sound3
MinnesotaState
Volume 14Mix 0.56% of portfolio
40/100
Sound4
FloridaState
Volume 10Mix 0.40% of portfolio
31/100
AcceptableHow 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.