We analyzed every closed loan from Veridian Credit Union — 2.7k 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
Exceptional
5/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 7 mkts
Awards
Conventional
Champion
VA
Champion
Purchase
Champion
Refinance
Champion
Summary
What They Do Well
- Offers rates 22.20 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and VA and Jumbo loans
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Report Card
Veridian Credit Union performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Exceptional
Rates 22.2 bps below market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Exceptional
Top 20% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 8 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,584 | 95.5% | -0.201%Below | $336Fees | ||||
VA Loans | 94 | 3.5% | -0.795%Below | $276Fees | ||||
Jumbo Loans | — | 29 | 1.1% | -0.449%Below | $332Fees |
Conventional
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughExceptional
Volume2,584
Mix95.5%
Spread
-0.201%Below
Fees
$336Fees
VA Loans
OverallExceptional
ProductStrong
PricingExceptional
Pull ThroughExceptional
Volume94
Mix3.5%
Spread
-0.795%Below
Fees
$276Fees
Jumbo Loans
OverallExceptional
ProductStrong
Pricing—
Pull ThroughExceptional
Volume29
Mix1.1%
Spread
-0.449%Below
Fees
$332Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,218 | 81.9% | -0.203%Below | $327Fees | ||||
Refinance | 489 | 18.1% | -0.356%Below | $387Fees |
Purchase
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughExceptional
Volume2,218
Mix81.9%
Spread
-0.203%Below
Fees
$327Fees
Refinance
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume489
Mix18.1%
Spread
-0.356%Below
Fees
$387Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
2,707
Applications
3,381
Volume
$661 million
Pricing & Closing
Avg Rate Spread
-0.222%
vs. market APOR
Avg Net Fees
$334
Origination − Credits
Pullthrough Rate
80.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$244,472
Avg Borrower Income
$116,116
Avg Property Value
$323,319
Geographic Coverage
Geographic Performance
Metro Areas
7
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
7Midwest7
IAILMNMONESDWI
Top Metro Areas by Place Specialization Score
Volume 771Mix 28.48% of portfolio
100/100
Exceptional
Volume 703Mix 25.97% of portfolio
94/100
Exceptional
Volume 506Mix 18.69% of portfolio
92/100
Exceptional
Volume 204Mix 7.54% of portfolio
80/100
Exceptional
Volume 55Mix 2.03% of portfolio
63/100
Strong
Volume 31Mix 1.15% of portfolio
61/100
Strong
Volume 24Mix 0.89% of portfolio
47/100
SoundTop States by Place Specialization Score
1
IowaState
Volume 2,150Mix 79.42% of portfolio
94/100
Exceptional2
NebraskaState
Volume 485Mix 17.92% of portfolio
86/100
Exceptional3
MinnesotaState
Volume 38Mix 1.40% of portfolio
50/100
Sound4
MissouriState
Volume 15Mix 0.55% of portfolio
40/100
SoundHow 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.