Looking for a different lender?
U
University Bank
Bank|Ann Arbor, MI|Multi-Region
Loans Originated
1,447
Applications
1,767
Volume
$437 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate Awards💎VA Champion⭐FHA Superstar⭐USDA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.241%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,302
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
81.9%
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 FHA and VA and USDA loans
Report Card
University Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 9 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$302,243
Average Borrower Income
$114,550
Average Property Value
$359,534
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 757 | 52.3% | +0.382% | $2,463 |
FHA Loans | Strong | Strong | Strong | Exceptional | 315 | 21.8% | +0.324% | $2,294 |
VA Loans | Exceptional | Exceptional | Strong | Exceptional | 325 | 22.5% | -0.534% | $1,661 |
USDA Loans | Strong | Exceptional | Strong | Strong | 47 | 3.2% | +0.235% | $1,579 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Exceptional | 1,389 | 96.0% | +0.229% | $2,319 |
Refinance | Sound | Sound | Acceptable | Strong | 58 | 4.0% | +0.438% | $2,028 |
Geographic Coverage
Metro Areas
8
States Served
19
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCAFLGAILINKSKYMDMIMSNCPASCTNTXVA
Top Metro Areas by Place Specialization Score
1
Tallahassee, FL, FLMSA
Volume: 290Mix: 20.04%
Place Specialization
Exceptional
2
Pensacola, FLMSA
Volume: 313Mix: 21.63%
Place Specialization
Exceptional
3
Ann Arbor, MI, MIMSA
Volume: 129Mix: 8.91%
Place Specialization
Exceptional
4
Crestview, FLMSA
Volume: 149Mix: 10.30%
Place Specialization
Exceptional
5
Lake County, INMSA
Volume: 160Mix: 11.06%
Place Specialization
Exceptional
6
Warren, MIMSA
Volume: 101Mix: 6.98%
Place Specialization
Strong
7
Detroit, MIMSA
Volume: 44Mix: 3.04%
Place Specialization
Sound
8
Jackson, MI, MIMSA
Volume: 10Mix: 0.69%
Place Specialization
Sound
Top States by Place Specialization Score
1
FLState
Volume: 796Mix: 55.01%
Place Specialization
Strong
2
MIState
Volume: 317Mix: 21.91%
Place Specialization
Strong
3
INState
Volume: 270Mix: 18.66%
Place Specialization
Strong
4
ALState
Volume: 11Mix: 0.76%
Place Specialization
Acceptable
5
CAState
Volume: 12Mix: 0.83%
Place Specialization
Acceptable
6
GAState
Volume: 10Mix: 0.69%
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.
Ready to Get Started?
Compare University Bank with other lenders or get personalized recommendations.