Mortgage Investment Services Corporation Rates, Fees & Info

Shawnee, KS

LEI: 254900PCN2EQDRMIHV68

Tax ID: 43-1897429

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mortgage Investment Services Corporation is a smaller mortgage company specializing in Home Purchase and Refi loans. Mortgage Investment Services Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Kansas City, Oklahoma City, Wichita, Mcalester, and Topeka among others. Mortgage Investment Services Corporation has an 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 Investment Services Corporation is typically an average fee lendor.


Originations

986

Origination Dollar Volume (All Markets)

$154,720,000
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Relative Rate

Mortgage Investment Services Corporation's average 30 year fixed rate mortgage of loans were 3.35%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.2%.

Relative Fees

Mortgage Investment Services Corporation's average total fees for a 30 year fixed rate mortgage are $3,494.

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
Outside of Metro Areas 364 $48,020,000 $131,923 $3,472 3.33%
KANSAS CITY, MO-KS (FHA|USDA|VA) 78 $17,510,000 $224,487 $3,666 3.11%
OKLAHOMA CITY, OK (FHA|USDA|VA) 52 $10,730,000 $206,346 $3,515 3.19%
WICHITA, KS (FHA|USDA|VA) 63 $10,015,000 $158,968 $3,554 3.32%
McAlester, OK (FHA|USDA|VA) 51 $8,675,000 $170,098 $3,147 3.38%
TOPEKA, KS (FHA|USDA|VA) 49 $8,585,000 $175,204 $3,412 3.31%
Woodward, OK (FHA|USDA|VA) 23 $3,825,000 $166,304 $4,335 3.42%
TULSA, OK (FHA|USDA|VA) 21 $3,825,000 $182,143 $4,733 3.20%
Coffeyville, KS (FHA|USDA|VA) 32 $3,570,000 $111,563 $3,325 3.37%
Salina, KS (FHA|USDA|VA) 25 $3,305,000 $132,200 $2,870 3.43%
Ottawa, KS (FHA|USDA|VA) 17 $3,075,000 $180,882 $3,137 3.27%
Miami, OK (FHA|USDA|VA) 18 $2,990,000 $166,111 $4,860 3.29%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 19 $2,975,000 $156,579 $2,653 3.41%
Dodge City, KS (FHA|USDA|VA) 17 $2,695,000 $158,529 $3,441 3.39%
Emporia, KS (FHA|USDA|VA) 20 $2,680,000 $134,000 $3,258 3.33%
Weatherford, OK (FHA|USDA|VA) 9 $2,395,000 $266,111 $4,009 3.25%
Hays, KS (FHA|USDA|VA) 13 $2,285,000 $175,769 $4,131 3.20%
Pittsburg, KS (FHA|USDA|VA) 15 $2,205,000 $147,000 $3,272 3.58%
MANHATTAN, KS (FHA|USDA|VA) 12 $2,030,000 $169,167 $3,311 3.27%
JOPLIN, MO (FHA|USDA|VA) 9 $1,715,000 $190,556 $2,101 3.17%
Maryville, MO (FHA|USDA|VA) 7 $1,585,000 $226,429 $2,458 3.34%
LAWRENCE, KS (FHA|USDA|VA) 7 $1,345,000 $192,143 $3,821 3.16%
Great Bend, KS (FHA|USDA|VA) 13 $1,215,000 $93,462 $1,891 3.38%
SPRINGFIELD, MO (FHA|USDA|VA) 5 $745,000 $149,000 $2,371 3.13%
Stillwater, OK (FHA|USDA|VA) 3 $715,000 $238,333 $3,901 2.88%
McPherson, KS (FHA|USDA|VA) 5 $665,000 $133,000 $3,171 3.38%
Atchison, KS (FHA|USDA|VA) 6 $640,000 $106,667 $2,979 3.35%
PUEBLO, CO (FHA|USDA|VA) 3 $585,000 $195,000 $3,297 3.46%
Winfield, KS (FHA|USDA|VA) 2 $530,000 $265,000 $2,999 3.56%
Parsons, KS (FHA|USDA|VA) 5 $525,000 $105,000 $3,281 3.38%
ENID, OK (FHA|USDA|VA) 3 $495,000 $165,000 $3,914 3.46%
Ada, OK (FHA|USDA|VA) 3 $415,000 $138,333 $3,020 3.46%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $380,000 $190,000 $4,189 3.13%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $325,000 $325,000 $5,060 3.25%
Bartlesville, OK (FHA|USDA|VA) 2 $280,000 $140,000 $4,211 3.00%
Warrensburg, MO (FHA|USDA|VA) 1 $205,000 $205,000 $2,891 3.50%
Hannibal, MO (FHA|USDA|VA) 2 $200,000 $100,000 $1,293 3.69%
Hutchinson, KS (FHA|USDA|VA) 2 $170,000 $85,000 $1,809 3.19%
Beatrice, NE (FHA|USDA|VA) 2 $160,000 $80,000 $2,033 3.56%
Shawnee, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,898 2.63%
Muskogee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $3,734 3.38%
Duncan, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,075 3.63%
Durant, OK (FHA|USDA|VA) 1 $75,000 $75,000 $4,165 3.75%
Tahlequah, OK (FHA|USDA|VA) 1 $45,000 $45,000 $3,613 3.50%

Mortgage Investment Services Corporation's top markets include Kansas City, Oklahoma City, Wichita, Mcalester, and Topeka among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 508 $87,920,000 $173,071 $3,256 3.36%
FHA 222 $31,470,000 $141,757 $4,451 3.21%
USDA 176 $17,750,000 $100,852 $2,335 3.47%
VA 80 $17,580,000 $219,750 $4,400 2.92%

For the 2021 period, Mortgage Investment Services Corporation's most frequently originated loan type of loans were Conventional, with 508 originations. Their 2nd most popular type is FHA, with 222 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 652 $91,230,000 $139,923 $3,227 3.32%
Refi 181 $36,065,000 $199,254 $3,904 3.23%
Cash Out Refi 150 $27,180,000 $181,200 $3,913 3.34%
Home Improvement 3 $245,000 $81,667 $2,968 3.75%

For the 2021, Mortgage Investment Services Corporation's most frequently cited loan purpose of loans were Home Purchase, with 652 originations. The 2nd most popular reason of loans were Refi, with 181 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 857 $137,165,000 $160,053 $3,494 3.35%
15 Year 115 $15,615,000 $135,783 $3,209 3.00%
20 Year 9 $1,335,000 $148,333 $3,125 3.21%
Other 4 $510,000 $127,500 $3,277 3.59%
10 Year 1 $95,000 $95,000 $1,469 2.63%

For the 2021, Mortgage Investment Services Corporation's most frequently cited loan length of loans were 30 Year, with 857 originations. The 2nd most popular length of loans were 15 Year, with 115 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 582 $90,120,000 $154,845
$<1k 298 $38,190,000 $128,154
$2k-3k 64 $13,620,000 $212,813
$3k-4k 32 $9,530,000 $297,813
$5k+ 10 $3,260,000 $326,000

$3,494 of loans were Mortgage Investment Services Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 582 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 677 $99,955,000 $147,644
2.5-3% 255 $46,135,000 $180,922
4-5% 30 $3,270,000 $109,000
<2.5% 24 $5,360,000 $223,333

During 2021, Mortgage Investment Services Corporation's average interest rate of loans were 3.35%, while their most frequently originated rate bucket of loans were 3-4%, with 677 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 431 $61,295,000 $142,216 $3,395 3.28%
$100,000 or less 311 $23,135,000 $74,389 $2,576 3.46%
$200k-400k 216 $57,610,000 $266,713 $4,729 3.18%
$400k-600k 28 $12,680,000 $452,857 $4,363 3.14%

2021 saw Mortgage Investment Services Corporation place emphasis on $100k-200k loans with 431 originations, totaling $61,295,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 330 $33,430,000 $101,303 $2,778 3.40%
$50k-75k 278 $38,890,000 $139,892 $3,412 3.33%
$75k-100k 164 $29,740,000 $181,341 $3,876 3.23%
$100k-150k 141 $31,585,000 $224,007 $4,202 3.25%
$150k-250k 53 $14,945,000 $281,981 $4,297 3.21%
$250k+ 15 $5,015,000 $334,333 $4,784 3.03%

Mortgage Investment Services Corporation lent most frequently to those with incomes in the $50k or less range, with 330 originations. The second most popular income band? $50k-75k, with 278 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 268 $39,980,000 $149,179 $3,167 3.32%
30-36% 226 $34,550,000 $152,876 $3,408 3.38%
<20% 85 $11,315,000 $133,118 $3,423 3.22%
40% 44 $8,390,000 $190,682 $3,995 3.30%
37% 39 $5,705,000 $146,282 $3,382 3.39%
42% 37 $5,755,000 $155,541 $3,613 3.28%
39% 33 $5,835,000 $176,818 $3,326 3.38%
38% 30 $4,530,000 $151,000 $2,882 3.30%
41% 30 $4,950,000 $165,000 $3,344 3.28%
50-60% 30 $5,320,000 $177,333 $5,287 3.01%
44% 29 $4,265,000 $147,069 $3,021 3.40%
43% 27 $4,985,000 $184,630 $4,641 3.30%
36% 26 $4,440,000 $170,769 $3,377 3.28%
47% 18 $2,990,000 $166,111 $3,438 3.28%
46% 17 $3,135,000 $184,412 $4,011 3.28%
49% 17 $2,945,000 $173,235 $3,313 3.34%
45% 13 $2,315,000 $178,077 $3,969 3.18%
48% 11 $2,135,000 $194,091 $4,217 3.14%

Mortgage Investment Services Corporation lent most frequently to those with DTI ratios of 20-30%, with 268 originations. The next most common DTI ratio? 30-36%, with 226 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 895 $139,965,000 $156,385 $3,454 3.32%
Not provided 31 $5,875,000 $189,516 $3,443 3.17%
American Indian 40 $5,860,000 $146,500 $3,645 3.25%
Black 11 $1,605,000 $145,909 $3,126 3.30%
Asian 9 $1,415,000 $157,222 $3,088 3.25%

Approval Rates

Total approvals of all applications
87.95%

Mortgage Investment Services Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
57.61%

Mortgage Investment Services Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 986 $154,720,000 $156,917

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
986 $154,720,000 $156,917

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 26 $2,570,000 $98,846 $3,039 3.10%
40-60% 75 $11,435,000 $152,467 $3,480 3.14%
60-80% 247 $45,385,000 $183,745 $3,592 3.39%
80-100% 623 $92,065,000 $147,777 $3,324 3.32%
Over 100% 10 $2,730,000 $273,000 $9,646 2.86%
Under 20% 2 $90,000 $45,000 $2,372 3.44%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
MORTGAGE MASTER SERVICE CORPORATION FHA mortgage Closing on a mortgage 1 100.0%