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Tradition Mortgage, LLC
Independent Mortgage Company|Edina, MN|Multi-Region
Loans Originated
1,052
Applications
1,156
Volume
$409 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.208%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,072
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
91.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and VA and Jumbo loans
Report Card
Tradition Mortgage, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 5 metro areas · 7 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$389,648
Average Borrower Income
$186,414
Average Property Value
$559,829
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 960 | 91.3% | +0.215% | $2,077 |
FHA Loans | Sound | Sound | Sound | Strong | 35 | 3.3% | +0.505% | $2,177 |
VA Loans | Strong | Strong | Sound | Exceptional | 43 | 4.1% | -0.200% | $2,198 |
Jumbo Loans | Strong | Strong | N/A | Strong | 14 | 1.3% | +0.433% | $349 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 868 | 82.5% | +0.198% | $2,471 |
Refinance | Strong | Strong | Sound | Exceptional | 184 | 17.5% | +0.256% | $312 |
Geographic Coverage
Metro Areas
4
States Served
7
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCOFLIAMNOHWI
Top Metro Areas by Place Specialization Score
1
Minneapolis, MN-WIMSA
Volume: 826Mix: 78.52%
Place Specialization
Exceptional
2
Eau Claire, WI, WIMSA
Volume: 10Mix: 0.95%
Place Specialization
Sound
3
Duluth, MN, MN-WIMSA
Volume: 10Mix: 0.95%
Place Specialization
Sound
4
Phoenix, AZMSA
Volume: 13Mix: 1.24%
Place Specialization
Sound
Top States by Place Specialization Score
1
MNState
Volume: 925Mix: 87.93%
Place Specialization
Exceptional
2
WIState
Volume: 98Mix: 9.32%
Place Specialization
Strong
3
AZState
Volume: 13Mix: 1.24%
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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