We analyzed every closed loan from ALTRA Federal Credit Union — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
Multi-Region · 6 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
VA
Champion
Conventional
Superstar
FHA
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and VA loans
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Report Card
ALTRA Federal Credit Union performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+32.9 bps above market avg
3/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
999 loans · 0.37% above market
Exceptional
Top 20% of lenders
5/5
FHA
27 loans · 0.13% above market
Sound
Top 60% of lenders
3/5
VA
35 loans · 0.58% below market
Strong
Top 40% of lenders
4/5
Jumbo
15 loans · 0.10% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
792 loans · 0.33% above market
Strong
Top 40% of lenders
4/5
Refinance
284 loans · 0.34% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 999 | 92.8% | +0.368%Above | $977Fees | ||||
FHA Loans | 27 | 2.5% | +0.129%Above | $1,278Fees | ||||
VA Loans | 35 | 3.3% | -0.579%Below | $519Fees | ||||
Jumbo Loans | — | — | 15 | 1.4% | +0.101%Above | $1,431Fees |
Conventional
OverallStrong
ProductExceptional
PricingSound
Pull ThroughExceptional
Volume999
Mix92.8%
Spread
+0.368%Above
Fees
$977Fees
FHA Loans
OverallStrong
ProductSound
PricingExceptional
Pull ThroughSound
Volume27
Mix2.5%
Spread
+0.129%Above
Fees
$1,278Fees
VA Loans
OverallExceptional
ProductStrong
PricingExceptional
Pull ThroughExceptional
Volume35
Mix3.3%
Spread
-0.579%Below
Fees
$519Fees
Jumbo Loans
OverallSound
ProductSound
Pricing—
Pull Through—
Volume15
Mix1.4%
Spread
+0.101%Above
Fees
$1,431Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 792 | 73.6% | +0.325%Above | $1,071Fees | ||||
Refinance | 284 | 26.4% | +0.342%Above | $709Fees |
Purchase
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume792
Mix73.6%
Spread
+0.325%Above
Fees
$1,071Fees
Refinance
OverallStrong
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume284
Mix26.4%
Spread
+0.342%Above
Fees
$709Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,076
Applications
1,365
Volume
$301 million
Pricing & Closing
Avg Rate Spread
+0.329%
vs. market APOR
Avg Net Fees
$978
Origination − Credits
Pullthrough Rate
78.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$280,381
Avg Borrower Income
$132,044
Avg Property Value
$375,678
Geographic Coverage
Geographic Performance
Metro Areas
6
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Full-year 2024 · HMDALoans originated
< 100100–200200+None
Midwest3
IAMNWI
South5
ARFLKYTNTX
West1
CO
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.