Mortgage Assurance Rates, Fees & Info
Norcross, GALEI: 254900AD895KKZTSFT42
Tax ID: 27-0202259
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Mortgage Assurance is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Mortgage Assurance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Atlanta, Raleigh, Charleston, Charlotte, and Miami among others. Mortgage Assurance has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage Assurance is typically an average fee lendor.Originations
2,448Origination Dollar Volume (All Markets)
$685,960,000Awards
Mortgage Assurance - 2021
Mortgage Assurance is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Mortgage Assurance ?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Mortgage Assurance 's average 30 year fixed rate mortgage of loans were
2.98%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.17%.
Relative Fees
Mortgage Assurance 's average total fees for a 30 year fixed rate
mortgage are $4,003.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,512 | $427,960,000 | $283,042 | $3,881 | 2.86% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 107 | $32,385,000 | $302,664 | $2,628 | 2.83% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 78 | $23,140,000 | $296,667 | $5,082 | 2.80% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 75 | $21,055,000 | $280,733 | $4,650 | 2.71% |
| Outside of Metro Areas | 60 | $17,710,000 | $295,167 | $3,364 | 2.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 37 | $12,775,000 | $345,270 | $6,813 | 2.91% |
| WILMINGTON, NC (FHA|USDA|VA) | 47 | $12,305,000 | $261,809 | $2,871 | 2.79% |
| GAINESVILLE, GA (FHA|USDA|VA) | 44 | $11,860,000 | $269,545 | $3,812 | 2.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 36 | $9,500,000 | $263,889 | $3,479 | 3.08% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 39 | $8,775,000 | $225,000 | $3,556 | 2.91% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 22 | $8,560,000 | $389,091 | $3,342 | 2.78% |
| Jefferson, GA (FHA|USDA|VA) | 30 | $7,300,000 | $243,333 | $3,036 | 2.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 24 | $5,290,000 | $220,417 | $4,064 | 2.79% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 21 | $5,245,000 | $249,762 | $3,286 | 3.14% |
| BOULDER, CO (FHA|USDA|VA) | 11 | $3,465,000 | $315,000 | $2,728 | 2.84% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 12 | $3,350,000 | $279,167 | $3,152 | 2.87% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 14 | $3,310,000 | $236,429 | $4,205 | 2.87% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $3,055,000 | $277,727 | $2,286 | 2.82% |
| FORT WAYNE, IN (FHA|USDA|VA) | 13 | $2,835,000 | $218,077 | $3,748 | 3.01% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,775,000 | $308,333 | $1,927 | 2.47% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $2,745,000 | $249,545 | $3,794 | 2.85% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $4,557 | 2.56% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 12 | $2,390,000 | $199,167 | $4,633 | 2.77% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 9 | $2,245,000 | $249,444 | $2,600 | 3.07% |
| ROME, GA (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $3,719 | 2.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,950,000 | $243,750 | $3,106 | 2.95% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $2,325 | 2.73% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $4,514 | 2.91% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $1,935,000 | $276,429 | $3,996 | 2.91% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $2,595 | 2.77% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,830,000 | $915,000 | $6,711 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $2,980 | 3.05% |
| Morehead City, NC (FHA|USDA|VA) | 5 | $1,685,000 | $337,000 | $3,536 | 2.90% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $2,870 | 2.83% |
| Calhoun, GA (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $3,301 | 2.90% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $5,854 | 3.02% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $4,022 | 2.63% |
| LaGrange, GA-AL (FHA|USDA|VA) | 6 | $1,130,000 | $188,333 | $3,454 | 2.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $3,128 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,358 | 2.73% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $2,949 | 3.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $12,001 | 2.94% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $4,003 | 3.04% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $3,119 | 3.05% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,318 | 2.75% |
| DALTON, GA (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $6,036 | 2.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $1,929 | 2.63% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,172 | 2.69% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $2,067 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,522 | 2.88% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,645 | 2.69% |
| Warsaw, IN (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,441 | 3.17% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,766 | 2.79% |
| Laconia, NH (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,384 | 3.19% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,302 | 3.06% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,571 | 2.83% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,337 | 3.06% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,187 | 3.38% |
| Cornelia, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,199 | 2.42% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,320 | 2.56% |
| Seneca, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $9,620 | 3.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,192 | 2.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,987 | 2.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,179 | 3.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,014 | 2.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,064 | 2.81% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,091 | 3.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,316 | 3.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,298 | 2.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,185 | 2.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,496 | 2.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,387 | 2.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,838 | 3.50% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,056 | 2.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,966 | 2.25% |
| Douglas, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,555 | 3.13% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $2,659 | 2.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,502 | 2.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,625 | 2.25% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,944 | 2.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,484 | 2.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,113 | 3.44% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,841 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,959 | 3.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,864 | 2.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,483 | 3.31% |
| Concord, NH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,569 | 3.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,679 | 2.88% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,781 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,396 | 3.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,581 | 3.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,110 | 2.81% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,627 | 2.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,784 | 4.13% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,660 | 2.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,029 | 2.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,888 | 2.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,137 | 2.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,831 | 2.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,466 | 3.63% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,244 | 2.88% |
| Summerville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,935 | 3.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,036 | 2.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,258 | 3.38% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,788 | 3.50% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,987 | 3.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,907 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,559 | 4.13% |
Mortgage Assurance 's top markets include Atlanta, Raleigh, Charleston, Charlotte, and Miami among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,383 | $670,085,000 | $281,194 | $3,750 | 2.86% |
| FHA | 58 | $14,090,000 | $242,931 | $7,394 | 2.73% |
| USDA | 7 | $1,785,000 | $255,000 | $5,674 | 2.80% |
For the 2021 period, Mortgage Assurance 's most frequently originated loan type of loans were Conventional, with 2,383 originations. Their 2nd most popular type is FHA, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,144 | $308,440,000 | $269,615 | $3,494 | 2.75% |
| Home Purchase | 713 | $217,095,000 | $304,481 | $4,528 | 2.95% |
| Cash Out Refi | 589 | $160,145,000 | $271,893 | $3,693 | 2.97% |
| Home Improvement | 2 | $280,000 | $140,000 | $1,933 | 2.44% |
For the 2021, Mortgage Assurance 's most frequently cited loan purpose of loans were Refi, with 1,144 originations. The 2nd most popular reason of loans were Home Purchase, with 713 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,828 | $533,220,000 | $291,696 | $4,003 | 2.98% |
| 15 Year | 352 | $85,140,000 | $241,875 | $3,463 | 2.37% |
| 20 Year | 178 | $47,120,000 | $264,719 | $3,457 | 2.69% |
| 10 Year | 45 | $8,845,000 | $196,556 | $2,755 | 2.23% |
| Other | 45 | $11,635,000 | $258,556 | $2,854 | 2.89% |
For the 2021, Mortgage Assurance 's most frequently cited loan length of loans were 30 Year, with 1,828 originations. The 2nd most popular length of loans were 15 Year, with 352 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,580 | $430,280,000 | $272,329 |
| $5k+ | 264 | $99,510,000 | $376,932 |
| $1k-2k | 249 | $62,325,000 | $250,301 |
| $3k-4k | 244 | $64,700,000 | $265,164 |
| $2k-3k | 111 | $29,145,000 | $262,568 |
$4,003 of loans were Mortgage Assurance 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,580 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,354 | $387,880,000 | $286,470 |
| 3-4% | 617 | $171,595,000 | $278,112 |
| <2.5% | 469 | $125,185,000 | $266,919 |
| 4-5% | 8 | $1,300,000 | $162,500 |
During 2021, Mortgage Assurance 's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,354 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,301 | $367,465,000 | $282,448 | $3,878 | 2.87% |
| $100k-200k | 671 | $106,525,000 | $158,756 | $2,897 | 2.86% |
| $400k-600k | 402 | $192,890,000 | $479,826 | $5,352 | 2.81% |
| $100,000 or less | 57 | $4,785,000 | $83,947 | $2,530 | 2.79% |
| $600k-1MM | 13 | $9,145,000 | $703,462 | $6,764 | 3.27% |
| $1MM+ | 4 | $5,150,000 | $1,287,500 | $8,011 | 3.47% |
2021 saw Mortgage Assurance place emphasis on $200k-400k loans with 1,301 originations, totaling $367,465,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 610 | $186,310,000 | $305,426 | $3,926 | 2.83% |
| $50k-75k | 523 | $113,965,000 | $217,906 | $3,339 | 2.87% |
| $150k-250k | 448 | $163,180,000 | $364,241 | $4,424 | 2.82% |
| $75k-100k | 446 | $116,560,000 | $261,345 | $3,788 | 2.89% |
| $50k or less | 285 | $48,155,000 | $168,965 | $3,264 | 2.92% |
| $250k+ | 131 | $56,385,000 | $430,420 | $4,936 | 2.82% |
Mortgage Assurance lent most frequently to those with incomes in the $100k-150k range, with 610 originations. The second most popular income band? $50k-75k, with 523 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 595 | $173,375,000 | $291,387 | $3,782 | 2.82% |
| 30-36% | 462 | $130,330,000 | $282,100 | $3,661 | 2.90% |
| <20% | 264 | $69,770,000 | $264,280 | $3,548 | 2.73% |
| 37% | 89 | $26,705,000 | $300,056 | $4,451 | 2.95% |
| 42% | 87 | $24,775,000 | $284,770 | $4,044 | 2.90% |
| 44% | 82 | $20,350,000 | $248,171 | $3,747 | 2.95% |
| 40% | 81 | $23,335,000 | $288,086 | $3,966 | 2.91% |
| 39% | 80 | $21,110,000 | $263,875 | $3,920 | 2.92% |
| 41% | 78 | $22,250,000 | $285,256 | $3,828 | 2.93% |
| 36% | 76 | $19,690,000 | $259,079 | $3,233 | 2.93% |
| 38% | 75 | $22,885,000 | $305,133 | $4,436 | 2.89% |
| 43% | 68 | $18,310,000 | $269,265 | $4,089 | 2.95% |
| 45% | 59 | $15,855,000 | $268,729 | $3,573 | 2.83% |
| 47% | 51 | $13,585,000 | $266,373 | $3,871 | 2.83% |
| 49% | 46 | $13,040,000 | $283,478 | $4,538 | 2.93% |
| 46% | 45 | $12,465,000 | $277,000 | $4,172 | 2.88% |
| 48% | 37 | $9,805,000 | $265,000 | $3,786 | 2.76% |
| 50-60% | 18 | $4,310,000 | $239,444 | $6,155 | 2.80% |
Mortgage Assurance lent most frequently to those with DTI ratios of 20-30%, with 595 originations. The next most common DTI ratio? 30-36%, with 462 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,538 | $434,660,000 | $282,614 | $3,754 | 2.85% |
| Not provided | 480 | $130,130,000 | $271,104 | $3,526 | 2.88% |
| Asian | 205 | $62,265,000 | $303,732 | $4,538 | 2.75% |
| Black | 217 | $57,085,000 | $263,065 | $4,486 | 2.99% |
| Native Hawaiian | 3 | $715,000 | $238,333 | $5,399 | 2.96% |
| Asian Indian | 2 | $460,000 | $230,000 | $2,493 | 2.44% |
| American Indian | 2 | $420,000 | $210,000 | $5,476 | 3.06% |
| Korean | 1 | $225,000 | $225,000 | $2,270 | 2.88% |
Approval Rates
Total approvals of all applications98.41%
Mortgage Assurance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.45%
Mortgage Assurance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,448 | $685,960,000 | $280,212 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,448 | $685,960,000 | $280,212 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 147 | $29,545,000 | $200,986 | $3,084 | 2.62% |
| 40-60% | 522 | $131,710,000 | $252,318 | $3,236 | 2.69% |
| 60-80% | 1,030 | $298,900,000 | $290,194 | $3,905 | 2.93% |
| 80-100% | 587 | $180,295,000 | $307,147 | $4,406 | 2.96% |
| Over 100% | 3 | $855,000 | $285,000 | $6,143 | 2.79% |
| Under 20% | 4 | $640,000 | $160,000 | $2,372 | 2.66% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE AMERICA, INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
