Somerset Trust Company has 288 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
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional · USDA
Place
Strong
4/5
Regional · 2 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Offers rates 6.30 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and USDA loans
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Report Card
Somerset Trust Company performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 6.3 bps below market avg
4/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
263 loans · 0.04% below market
Strong
Top 40% of lenders
4/5
USDA
22 loans · 0.28% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
193 loans · 0.05% above market
Sound
Top 60% of lenders
3/5
Refinance
95 loans · 0.28% below market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Regional · 3 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 | 263 | 91.3% | -0.045%Below | $575Fees | ||||
USDA Loans | — | 22 | 7.6% | -0.283%Below | $1,111Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume263
Mix91.3%
Spread
-0.045%Below
Fees
$575Fees
USDA Loans
OverallStrong
ProductStrong
Pricing—
Pull ThroughSound
Volume22
Mix7.6%
Spread
-0.283%Below
Fees
$1,111Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 193 | 67.0% | +0.048%Above | $819Fees | ||||
Refinance | 95 | 33.0% | -0.277%Below | $184Fees |
Purchase
OverallStrong
ProductSound
PricingExceptional
Pull ThroughStrong
Volume193
Mix67.0%
Spread
+0.048%Above
Fees
$819Fees
Refinance
OverallStrong
ProductSound
PricingStrong
Pull ThroughStrong
Volume95
Mix33.0%
Spread
-0.277%Below
Fees
$184Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
288
Applications
367
Volume
$51 million
Pricing & Closing
Avg Rate Spread
-0.063%
vs. market APOR
Avg Net Fees
$602
Origination − Credits
Pullthrough Rate
78.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$179,757
Avg Borrower Income
$110,389
Avg Property Value
$268,194
Geographic Coverage
Geographic Performance
Metro Areas
2
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
4Full-year 2024 · HMDALoans originated
< 200200+None
Northeast1
PA
South3
MDVAWV
Top Metro Areas by Place Specialization Score
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.