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Tradition Mortgage

Independent Mortgage Company•Edina, MNHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Tradition Mortgage — 1.1k loans across 1k 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
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
Multi-Region · 4 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and VA and Jumbo loans

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Report Card

Tradition Mortgage performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+20.8 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
FHA
Sound
Top 60% of lenders
VA
Strong
Top 40% 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 · 5 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume960
Mix91.3%
Spread
+0.215%Above
Fees
$2,077Fees
FHA Loans
Overall
Strong
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume35
Mix3.3%
Spread
+0.505%Above
Fees
$2,177Fees
VA Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Exceptional
Volume43
Mix4.1%
Spread
-0.200%Below
Fees
$2,198Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume14
Mix1.3%
Spread
+0.433%Above
Fees
$349Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume868
Mix82.5%
Spread
+0.198%Above
Fees
$2,471Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Exceptional
Volume184
Mix17.5%
Spread
+0.256%Above
Fees
$312Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
1,052
Applications
1,156
Volume
$409 million
Pricing & Closing
Avg Rate Spread
+0.208%
vs. market APOR
Avg Net Fees
$2,072
Origination − Credits
Pullthrough Rate
91.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$389,648
Avg Borrower Income
$186,414
Avg Property Value
$559,829

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

7
7 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest4
IAMNOHWI
South1
FL
West2
AZCO

Top Metro Areas by Place Specialization Score

1© w_lemay · CC BY-SA 2.0
Minneapolis, MN-WIMetro
Volume 826Mix 78.52% of portfolio
89/100
Exceptional
2© TessTalks · CC BY-SA 4.0
Eau Claire, WIMetro
Volume 10Mix 0.95% of portfolio
42/100
Sound
3© ENN · CC BY-SA 3.0
Duluth, MN, MN-WIMetro
Volume 10Mix 0.95% of portfolio
41/100
Sound
4© DPPed · CC BY-SA 3.0
Phoenix, AZMetro
Volume 13Mix 1.24% of portfolio
40/100
Sound

Top States by Place Specialization Score

Minnesota
Minnesota
1
MinnesotaState
Volume 925Mix 87.93% of portfolio
88/100
Exceptional
Wisconsin
Wisconsin
2
WisconsinState
Volume 98Mix 9.32% of portfolio
64/100
Strong
Arizona
Arizona
3
ArizonaState
Volume 13Mix 1.24% of portfolio
40/100
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.