Mortgage Investment Services Corporation Rates, Fees & Info
Shawnee, KSLEI: 254900PCN2EQDRMIHV68
Tax ID: 43-1897429
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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
986Origination Dollar Volume (All Markets)
$154,720,000Awards
Mortgage Investment Services Corporation - 2021
Mortgage Investment Services Corporation is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Mortgage Investment Services Corporation?
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 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 applications87.95%
Mortgage Investment Services Corporation has an average approval rate.
Pick Rate
Approvals leading to origination57.61%
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% |
