What loan types does Union Bank offer?

Union Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Union Bank offer mortgages?

Union Bank offers mortgages in 2 states: MI, MT.

How competitive are Union Bank's mortgage rates?

Union Bank has an overall pricing score of 36.3/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Union Bank?

Union Bank is a Bank headquartered in Grand Rapids, MI.

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Union Bank

Bank•Grand Rapids, MIHQ•Direct•Reviews near you on Google

Union Bank has 24 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Mediocre

1/5

Conventional

Place

Sound

3/5

Regional · 1 mkts

Summary

Things to Think About

Rates typically 56 basis points above market average
Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Union Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+55.6 bps above market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Mediocre

Bottom 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Mediocre

Bottom 20% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 1 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	Acceptable	Mediocre	—	Acceptable	23	95.8%	+0.603%Above	$864Fees

Conventional

Overall

Acceptable

Product

Mediocre

Pricing—

Pull Through

Acceptable

Volume23

Mix95.8%

Spread

+0.603%Above

Fees

$864Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Mediocre	Mediocre	—	Acceptable	16	66.7%	+0.470%Above	$999Fees

Purchase

Overall

Mediocre

Product

Mediocre

Pricing—

Pull Through

Acceptable

Volume16

Mix66.7%

Spread

+0.470%Above

Fees

$999Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$7 million

Pricing & Closing

Avg Rate Spread

+0.556%

vs. market APOR

Avg Net Fees

$886

Origination − Credits

Pullthrough Rate

57.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$295,833

Avg Borrower Income

$235,542

Avg Property Value

$474,583

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Midwest1

West1

Top Metro Areas by Place Specialization Score

Grand Rapids, MIMetro

Volume 13Mix 54.17% of portfolio

52/100

Sound

Top States by Place Specialization Score

MichiganState

Volume 23Mix 95.83% of portfolio

57/100

Sound

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.