Mortgage Network Rates, Fees & Info

DANVERS, MA

LEI: 254900A69XJBWUR7ZF46

Tax ID: 04-2992161

5 stars - Updated: 9/25/23 - out of 5 stars, based on 67 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Mortgage Network is a small mortgage company specializing in Home Purchase loans. Mortgage Network has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Hilton Head Island, Springfield, Charleston, and Columbia among others. We have data for 108 markets. (Some data included below & more in-depth data is available with an active subscription.)

Mortgage Network has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mortgage Network is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.56% 9/25/23
30 Year Conventional Refi 6.44% 9/25/23
30 Year Cash-out Refi 6.69% 9/25/23
30 Year FHA Purchase 7.32% 9/25/23
30 Year FHA Refi 7.55% 9/25/23
30 Year VA Purchase 6.26% 9/25/23
30 Year USDA Purchase 6.55% 9/25/23
15 Year Conventional Purchase 5.34% 9/25/23
15 Year Conventional Refi 6.01% 9/25/23
15 Year Cash-out Refi 6.01% 9/25/23
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Mortgage Network Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mortgage Network. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

4,426

Origination Dollar Volume (All Markets)

$1,561,690,000
Show all (15) awards

Relative Rate

Mortgage Network's average 30 year fixed mortgage rate was 4.82%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.06%.

Relative Fees (Closing Costs)

Mortgage Network's average total fees/closing costs for a 30 year fixed rate mortgage were $6,347.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,150 $534,330,000 $464,635 $6,244 4.52%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 543 $224,635,000 $413,692 $5,232 4.68%
SPRINGFIELD, MA (FHA|USDA|VA) 414 $101,100,000 $244,203 $6,917 4.51%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 184 $75,080,000 $408,043 $5,549 4.75%
COLUMBIA, SC (FHA|USDA|VA) 222 $56,940,000 $256,486 $4,784 4.74%
SALISBURY, MD-DE (FHA|USDA|VA) 211 $51,905,000 $245,995 $6,665 4.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 190 $51,630,000 $271,737 $6,969 5.26%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 151 $51,425,000 $340,563 $6,583 5.01%
WORCESTER, MA-CT (FHA|USDA|VA) 122 $45,830,000 $375,656 $6,226 4.83%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 102 $34,080,000 $334,118 $5,243 4.29%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 114 $31,460,000 $275,965 $6,849 4.80%
YORK-HANOVER, PA (FHA|USDA|VA) 142 $28,940,000 $203,803 $6,849 4.92%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 84 $26,060,000 $310,238 $6,669 4.81%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 67 $24,065,000 $359,179 $5,644 5.01%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 37 $16,425,000 $443,919 $4,697 4.37%
Outside of Metro Areas 66 $16,340,000 $247,576 $5,930 4.66%
LANCASTER, PA (FHA|USDA|VA) 56 $15,080,000 $269,286 $6,210 5.13%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 57 $14,635,000 $256,754 $6,197 4.97%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $10,290,000 $735,000 $11,185 3.96%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 27 $10,205,000 $377,963 $5,457 5.13%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 22 $9,090,000 $413,182 $7,123 4.42%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 18 $8,350,000 $463,889 $5,114 4.49%
SAVANNAH, GA (FHA|USDA|VA) 26 $8,310,000 $319,615 $7,583 5.24%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 20 $7,440,000 $372,000 $4,911 4.97%
BANGOR, ME (FHA|USDA|VA) 27 $6,545,000 $242,407 $6,646 4.03%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 18 $5,440,000 $302,222 $5,494 4.94%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 21 $5,325,000 $253,571 $6,520 4.77%
Lebanon, NH-VT (FHA|USDA|VA) 19 $4,965,000 $261,316 $5,945 5.05%
LEBANON, PA (FHA|USDA|VA) 18 $4,730,000 $262,778 $7,365 5.20%
Concord, NH (FHA|USDA|VA) 17 $4,645,000 $273,235 $6,860 5.04%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 13 $3,415,000 $262,692 $4,771 4.64%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $3,205,000 $356,111 $5,678 3.54%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 13 $2,935,000 $225,769 $6,363 6.19%
SPARTANBURG, SC (FHA|USDA|VA) 10 $2,660,000 $266,000 $5,179 4.91%
Cambridge, MD (FHA|USDA|VA) 10 $2,650,000 $265,000 $7,738 4.77%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $2,610,000 $652,500 $7,879 4.84%
Augusta-Waterville, ME (FHA|USDA|VA) 10 $2,430,000 $243,000 $5,963 4.17%
PITTSFIELD, MA (FHA|USDA|VA) 9 $2,405,000 $267,222 $7,383 5.75%
Laconia, NH (FHA|USDA|VA) 9 $2,405,000 $267,222 $5,193 5.00%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $2,125,000 $425,000 $6,171 5.33%
ASHEVILLE, NC (FHA|USDA|VA) 6 $2,030,000 $338,333 $5,275 4.39%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,975,000 $395,000 $6,380 4.58%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,950,000 $487,500 $3,796 4.34%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 10 $1,940,000 $194,000 $5,700 5.36%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,935,000 $645,000 $9,516 4.54%
PITTSBURGH, PA (FHA|USDA|VA) 6 $1,900,000 $316,667 $7,605 6.43%
Torrington, CT (FHA|USDA|VA) 8 $1,870,000 $233,750 $5,965 5.13%
WILMINGTON, NC (FHA|USDA|VA) 4 $1,670,000 $417,500 $4,201 5.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $1,605,000 $321,000 $6,344 4.52%
GETTYSBURG, PA (FHA|USDA|VA) 11 $1,475,000 $134,091 $4,601 4.43%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,410,000 $352,500 $6,707 5.00%
DOVER, DE (FHA|USDA|VA) 7 $1,385,000 $197,857 $7,558 4.59%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,375,000 $458,333 $6,641 4.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,958 5.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $1,125,000 $375,000 $8,232 4.50%
SUMTER, SC (FHA|USDA|VA) 5 $1,115,000 $223,000 $8,570 5.27%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,060,000 $265,000 $6,343 4.03%
READING, PA (FHA|USDA|VA) 5 $1,045,000 $209,000 $6,272 3.75%
FLORENCE, SC (FHA|USDA|VA) 5 $1,025,000 $205,000 $7,459 4.20%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 5 $1,025,000 $205,000 $4,276 3.85%
Georgetown, SC (FHA|USDA|VA) 2 $960,000 $480,000 $10,625 5.19%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $945,000 $315,000 $4,612 4.67%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $865,000 $288,333 $6,199 4.62%
Seneca, SC (FHA|USDA|VA) 2 $770,000 $385,000 $5,868 6.31%
Newberry, SC (FHA|USDA|VA) 4 $730,000 $182,500 $4,551 5.72%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $675,000 $675,000 $4,608 4.50%
HINESVILLE, GA (FHA|USDA|VA) 2 $650,000 $325,000 $5,618 4.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $640,000 $320,000 $4,680 4.63%
Statesboro, GA (FHA|USDA|VA) 2 $620,000 $310,000 $4,052 5.31%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,101 4.62%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $560,000 $280,000 $7,335 4.68%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $550,000 $275,000 $4,119 5.25%
Easton, MD (FHA|USDA|VA) 2 $540,000 $270,000 $8,618 3.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $500,000 $250,000 $10,138 4.69%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $495,000 $495,000 $4,630 6.25%
Brevard, NC (FHA|USDA|VA) 1 $495,000 $495,000 $8,084 3.50%
WILLIAMSPORT, PA (FHA|USDA|VA) 2 $490,000 $245,000 $6,975 4.69%
Keene, NH (FHA|USDA|VA) 2 $490,000 $245,000 $6,070 5.99%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $455,000 $455,000 $3,780 5.25%
BRUNSWICK, GA (FHA|USDA|VA) 1 $435,000 $435,000 $4,706 3.75%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $415,000 $415,000 $16,234 5.63%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $415,000 $415,000 $10,822 4.88%
Pottsville, PA (FHA|USDA|VA) 1 $385,000 $385,000 $6,647 4.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $365,000 $365,000 $20,340 5.13%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $355,000 $355,000 $3,198 3.50%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $355,000 $355,000 $7,214 3.63%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $305,000 $305,000 $7,905 5.99%
Rockingham, NC (FHA|USDA|VA) 1 $295,000 $295,000 $7,170 3.25%
Marion, NC (FHA|USDA|VA) 1 $285,000 $285,000 $6,320 3.75%
Forest City, NC (FHA|USDA|VA) 1 $275,000 $275,000 $3,827 3.25%
Dublin, GA (FHA|USDA|VA) 1 $265,000 $265,000 $8,363 5.50%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.38%
Albemarle, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,067 5.25%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $235,000 $235,000 $6,027 5.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $6,938 4.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,809 5.50%
RICHMOND, VA (FHA|USDA|VA) 1 $225,000 $225,000 $3,291 3.88%
Boone, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,853 4.75%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,048 3.88%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,199 3.13%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,822 3.38%
Henderson, NC (FHA|USDA|VA) 1 $175,000 $175,000 $6,784 7.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,254 3.63%
Lewisburg, PA (FHA|USDA|VA) 2 $160,000 $80,000 $2,973 2.63%
Orangeburg, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,815 6.88%
ERIE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $7,354 5.25%
Bradford, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,348 4.25%
Berlin, NH (FHA|USDA|VA) 1 $105,000 $105,000 $5,352 2.88%
Mortgage Network's top markets include Boston, Hilton Head Island, Springfield, Charleston, and Columbia among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Mortgage Network based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Homestar Mortgage, Inc.
    Similarity Rank: 52
    POINT BREEZE
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 87
    Foote Capital Mortgage Company
    Similarity Rank: 133
    Middlesex Savings Bank
    Similarity Rank: 145
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    Freedom Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,719 $1,332,915,000 $358,407 $5,381 4.67%
    FHA 483 $147,085,000 $304,524 $10,601 4.99%
    VA 191 $74,295,000 $388,979 $9,240 4.75%
    USDA 33 $7,395,000 $224,091 $7,155 4.30%

    For 2022, Mortgage Network's most frequently originated type of loan was Conventional, with 3,719 originations. Their 2nd most popular type was FHA, with 483 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,658 $1,312,380,000 $358,770 $6,403 4.86%
    Cash Out Refi 449 $146,575,000 $326,448 $5,287 4.18%
    Refi 261 $85,645,000 $328,142 $4,492 3.60%
    Other 47 $14,035,000 $298,617 $4,784 4.33%
    Home Improvement 11 $3,055,000 $277,727 $3,885 4.40%

    For 2022, Mortgage Network's most frequently cited loan purpose was Home Purchase, with 3,658 originations. The 2nd most popular reason was Cash Out Refi, with 449 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,147 $1,501,405,000 $362,046 $6,347 4.82%
    15 Year 197 $45,525,000 $231,091 $3,684 3.39%
    10 Year 37 $1,725,000 $46,622 $418 0.40%
    20 Year 32 $9,410,000 $294,063 $4,533 3.59%
    Other 12 $3,610,000 $300,833 $4,129 3.56%
    5 Year 1 $15,000 $15,000 $0 0.00%

    For 2022, Mortgage Network's most frequently cited loan duration was 30 Year, with 4,147 originations. The 2nd most popular length was 15 Year, with 197 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,409 $904,005,000 $375,262
    $5k+ 509 $210,265,000 $413,094
    $2k-3k 479 $140,335,000 $292,975
    $3k-4k 352 $108,100,000 $307,102
    $4k-5k 294 $99,760,000 $339,320
    $<1k 148 $30,800,000 $208,108

    Mortgage Network's average total fees were $6,347, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,409 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,249 $450,295,000 $360,524
    5-6% 1,197 $413,965,000 $345,835
    4-5% 1,016 $403,690,000 $397,333
    6-7% 548 $163,680,000 $298,686
    2.5-3% 222 $92,070,000 $414,730
    <2.5% 97 $9,145,000 $94,278
    7-8% 96 $28,310,000 $294,896
    Over 8% 1 $535,000 $535,000

    During 2022, Mortgage Network's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 3-4%, with 1,249 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,204 $637,920,000 $289,437 $6,264 4.85%
    $400k-600k 951 $458,055,000 $481,656 $6,706 4.66%
    $100k-200k 699 $111,315,000 $159,249 $4,988 4.92%
    $600k-1MM 369 $263,585,000 $714,322 $7,316 4.44%
    $100,000 or less 135 $5,835,000 $43,222 $1,538 2.60%
    $1MM+ 68 $84,980,000 $1,249,706 $8,441 4.24%

    2022 saw Mortgage Network place emphasis on $200k-400k loans with 2,204 originations, totaling $637,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,017 $372,625,000 $366,396 $6,660 4.86%
    $50k-75k 897 $207,415,000 $231,232 $5,790 4.67%
    $150k-250k 884 $393,850,000 $445,532 $6,201 4.68%
    $75k-100k 880 $258,600,000 $293,864 $6,246 4.77%
    $250k+ 414 $273,330,000 $660,217 $6,419 4.50%
    $50k or less 328 $53,830,000 $164,116 $5,037 4.49%

    Mortgage Network lent most frequently to those with incomes in the $100k-150k range, with 1,017 originations. The second most popular income band? $50k-75k, with 897 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 764 $283,640,000 $371,257 $5,270 4.43%
    30-36% 737 $268,335,000 $364,091 $5,909 4.65%
    41% 221 $76,625,000 $346,719 $6,275 4.75%
    <20% 218 $81,130,000 $372,156 $5,083 4.38%
    50-60% 212 $69,790,000 $329,198 $10,341 5.13%
    43% 207 $67,405,000 $325,628 $6,447 4.72%
    42% 197 $65,565,000 $332,817 $6,297 4.72%
    49% 187 $59,555,000 $318,476 $6,733 5.05%
    44% 185 $56,225,000 $303,919 $6,335 4.83%
    40% 183 $66,605,000 $363,962 $5,638 4.88%
    39% 182 $71,470,000 $392,692 $6,112 4.77%
    48% 178 $60,820,000 $341,685 $6,693 5.03%
    36% 170 $58,800,000 $345,882 $5,654 4.66%
    45% 167 $57,245,000 $342,784 $5,937 4.82%
    38% 167 $62,445,000 $373,922 $5,975 4.59%
    47% 157 $51,675,000 $329,140 $6,364 5.06%
    37% 155 $56,605,000 $365,194 $6,275 4.57%
    46% 139 $47,755,000 $343,561 $6,372 4.81%

    Mortgage Network lent most frequently to those with DTI ratios of 20-30%, with 764 originations. The next most common DTI ratio? 30-36%, with 737 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,814 $993,200,000 $352,950 $5,951 4.65%
    Not provided 1,158 $426,340,000 $368,169 $6,324 4.70%
    Asian 311 $99,465,000 $319,823 $6,820 5.24%
    Black 130 $38,930,000 $299,462 $7,587 4.86%
    Asian Indian 4 $1,050,000 $262,500 $4,260 4.03%
    American Indian 2 $610,000 $305,000 $6,238 5.00%
    Other Asian 1 $585,000 $585,000 $9,978 4.88%
    Native Hawaiian or Islander 2 $520,000 $260,000 $8,001 5.13%
    2 $460,000 $230,000 $4,065 3.93%
    Vietnamese 1 $365,000 $365,000 $3,413 4.13%
    Other Pacific Islander 1 $165,000 $165,000 $5,377 4.99%

    Approval Rates

    Total approvals of all applications
    94.70%

    Mortgage Network has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.57%

    Mortgage Network has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,426 $1,561,690,000 $352,845

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,426 $1,561,690,000 $352,845

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 193 $48,485,000 $251,218 $4,220 4.35%
    40-60% 520 $168,240,000 $323,538 $4,684 4.38%
    60-80% 1,467 $552,345,000 $376,513 $5,902 4.76%
    80-100% 2,095 $767,425,000 $366,313 $6,875 4.93%
    Over 100% 52 $18,940,000 $364,231 $14,610 4.87%
    Under 20% 99 $6,255,000 $63,182 $953 1.61%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Mortgage Research Center, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Mortgage Research Center, LLC VA mortgage Trouble during payment process 1 50.0%