Third Federal Savings and Loan Association of Cleveland
We analyzed every closed loan from Third Federal Savings and Loan Association of Cleveland — 2.3k loans across 3k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 16 mkts
Awards
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
Explore another lender or local market
Report Card
Third Federal Savings and Loan Association of Cleveland performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+5.6 bps above 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
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 17 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,283 | 99.0% | +0.058%Above | $779Fees | ||||
Jumbo Loans | — | 23 | 1.0% | -0.093%Below | $749Fees |
Conventional
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume2,283
Mix99.0%
Spread
+0.058%Above
Fees
$779Fees
Jumbo Loans
OverallSound
ProductStrong
Pricing—
Pull ThroughSound
Volume23
Mix1.0%
Spread
-0.093%Below
Fees
$749Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 1,965 | 85.2% | +0.079%Above | $839Fees | ||||
Refinance | 341 | 14.8% | -0.091%Below | $394Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume1,965
Mix85.2%
Spread
+0.079%Above
Fees
$839Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume341
Mix14.8%
Spread
-0.091%Below
Fees
$394Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,306
Applications
3,379
Volume
$594 million
Pricing & Closing
Avg Rate Spread
+0.056%
vs. market APOR
Avg Net Fees
$779
Origination − Credits
Pullthrough Rate
68.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$257,923
Avg Borrower Income
$143,951
Avg Property Value
$405,928
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
19
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
19Northeast3
MANJPA
Midwest5
ILINMIMOOH
South7
FLGAKYMDNCTNVA
West4
CACOORWA
Top Metro Areas by Place Specialization Score
Volume 1,076Mix 46.66% of portfolio
97/100
Exceptional
Volume 202Mix 8.76% of portfolio
85/100
Exceptional
Volume 258Mix 11.19% of portfolio
81/100
Exceptional
Volume 217Mix 9.41% of portfolio
78/100
Strong
Volume 42Mix 1.82% of portfolio
60/100
Sound
Volume 25Mix 1.08% of portfolio
57/100
Sound
Volume 45Mix 1.95% of portfolio
56/100
Sound
Volume 37Mix 1.60% of portfolio
56/100
Sound
Volume 46Mix 1.99% of portfolio
56/100
Sound
Volume 32Mix 1.39% of portfolio
54/100
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
OhioState
Volume 1,805Mix 78.27% of portfolio
90/100
Exceptional2
FloridaState
Volume 329Mix 14.27% of portfolio
67/100
Strong3
KentuckyState
Volume 39Mix 1.69% of portfolio
53/100
Sound4
PennsylvaniaState
Volume 18Mix 0.78% of portfolio
40/100
Sound5
New JerseyState
Volume 15Mix 0.65% of portfolio
40/100
Sound6
IndianaState
Volume 16Mix 0.69% of portfolio
40/100
Sound7
North CarolinaState
Volume 18Mix 0.78% of portfolio
40/100
Acceptable8
VirginiaState
Volume 14Mix 0.61% of portfolio
39/100
Acceptable9
GeorgiaState
Volume 13Mix 0.56% of portfolio
38/100
Acceptable10
TennesseeState
Volume 11Mix 0.48% of portfolio
36/100
AcceptableShowing 10 of 11 states
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.