Texas Tech Federal Credit Union
We analyzed every closed loan from Texas Tech Federal Credit Union — 825 loans across 996 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 3 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Champion
Conventional
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
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Report Card
Texas Tech Federal Credit Union performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+23.3 bps above market avg
4/5
Pull Through
Closing strength
Exceptional
Top 20% of lenders
5/5
By Loan Product· Specialization by type
Conventional
520 loans · 0.21% above market
Strong
Top 40% of lenders
4/5
FHA
254 loans · 0.36% above market
Strong
Top 40% of lenders
4/5
VA
47 loans · 0.28% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
772 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
Refinance
53 loans · 0.19% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 4 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 | 520 | 63.0% | +0.208%Above | $1,645Fees | ||||
FHA Loans | 254 | 30.8% | +0.363%Above | $1,598Fees | ||||
VA Loans | 47 | 5.7% | -0.282%Below | $1,291Fees |
Conventional
OverallStrong
ProductStrong
PricingSound
Pull ThroughExceptional
Volume520
Mix63.0%
Spread
+0.208%Above
Fees
$1,645Fees
FHA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume254
Mix30.8%
Spread
+0.363%Above
Fees
$1,598Fees
VA Loans
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume47
Mix5.7%
Spread
-0.282%Below
Fees
$1,291Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 772 | 93.6% | +0.236%Above | $1,613Fees | ||||
Refinance | 53 | 6.4% | +0.194%Above | $1,627Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume772
Mix93.6%
Spread
+0.236%Above
Fees
$1,613Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughExceptional
Volume53
Mix6.4%
Spread
+0.194%Above
Fees
$1,627Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
825
Applications
996
Volume
$204 million
Pricing & Closing
Avg Rate Spread
+0.233%
vs. market APOR
Avg Net Fees
$1,614
Origination − Credits
Pullthrough Rate
82.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$247,788
Avg Borrower Income
$141,152
Avg Property Value
$295,982
Geographic Coverage
Geographic Performance
Metro Areas
3
markets with activity
States Served
8
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
8Full-year 2024 · HMDALoans originated
All statesNone
Midwest1
SD
South5
ALARFLSCTX
West2
NMWA
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.