Mortgage Investment Services Corporation Rates, Fees & Info
Shawnee, KSLEI: 254900PCN2EQDRMIHV68
Tax ID: 43-1897429
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Mortgage Data
Review & 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 by origination volume include: Kansas City, Oklahoma City, Mcalester, Wichita, and Salina among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Investment Services Corporation has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mortgage Investment Services Corporation is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.34% | 11/22/24 |
| 30 Year Conventional Refi | 7.07% | 11/22/24 |
| 30 Year Cash-out Refi | 7.20% | 11/22/24 |
| 30 Year FHA Purchase | 7.70% | 11/22/24 |
| 30 Year FHA Refi | 7.76% | 11/22/24 |
| 30 Year VA Purchase | 6.57% | 11/22/24 |
| 30 Year VA Refi | 5.94% | 11/22/24 |
| 30 Year USDA Purchase | 7.28% | 11/22/24 |
| 15 Year Conventional Purchase | 6.84% | 11/22/24 |
| 15 Year Conventional Refi | 6.69% | 11/22/24 |
| 15 Year Cash-out Refi | 6.69% | 11/22/24 |
| 15 Year FHA Purchase | 5.68% | 11/22/24 |
| 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 Investment Services Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,076Origination Dollar Volume (All Markets)
$178,920,000Awards
Mortgage Investment Services Corporation - 2020
Mortgage Investment Services Corporation is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 193 | $41,955,000 | $217,383 | $3,011 | 3.21% |
| Outside of Metro Areas | 308 | $41,660,000 | $135,260 | $3,130 | 3.29% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 73 | $17,965,000 | $246,096 | $3,391 | 3.26% |
| McAlester, OK (FHA|USDA|VA) | 55 | $9,945,000 | $180,818 | $3,348 | 3.27% |
| WICHITA, KS (FHA|USDA|VA) | 63 | $8,705,000 | $138,175 | $2,829 | 3.32% |
| Salina, KS (FHA|USDA|VA) | 49 | $6,875,000 | $140,306 | $2,630 | 3.30% |
| TOPEKA, KS (FHA|USDA|VA) | 42 | $6,550,000 | $155,952 | $3,446 | 3.43% |
| Ottawa, KS (FHA|USDA|VA) | 20 | $3,870,000 | $193,500 | $4,018 | 3.06% |
| Miami, OK (FHA|USDA|VA) | 27 | $3,845,000 | $142,407 | $3,878 | 3.40% |
| Hays, KS (FHA|USDA|VA) | 20 | $3,740,000 | $187,000 | $3,662 | 3.23% |
| Coffeyville, KS (FHA|USDA|VA) | 34 | $3,130,000 | $92,059 | $2,512 | 3.40% |
| Woodward, OK (FHA|USDA|VA) | 14 | $2,970,000 | $212,143 | $4,134 | 3.31% |
| Weatherford, OK (FHA|USDA|VA) | 16 | $2,430,000 | $151,875 | $3,341 | 3.61% |
| Dodge City, KS (FHA|USDA|VA) | 17 | $2,145,000 | $126,176 | $2,226 | 3.38% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 11 | $1,825,000 | $165,909 | $2,545 | 3.36% |
| LAWRENCE, KS (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $3,171 | 3.34% |
| McPherson, KS (FHA|USDA|VA) | 12 | $1,770,000 | $147,500 | $3,548 | 3.34% |
| Pittsburg, KS (FHA|USDA|VA) | 13 | $1,755,000 | $135,000 | $2,822 | 3.40% |
| Emporia, KS (FHA|USDA|VA) | 10 | $1,710,000 | $171,000 | $2,689 | 3.34% |
| Maryville, MO (FHA|USDA|VA) | 9 | $1,225,000 | $136,111 | $2,605 | 3.26% |
| PUEBLO, CO (FHA|USDA|VA) | 7 | $1,215,000 | $173,571 | $3,216 | 3.50% |
| Atchison, KS (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $2,451 | 3.14% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $3,379 | 3.66% |
| Marshall, MO (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $3,155 | 3.06% |
| Shawnee, OK (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,123 | 3.03% |
| TULSA, OK (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $5,086 | 3.20% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,143 | 2.75% |
| ENID, OK (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $3,035 | 3.43% |
| Stillwater, OK (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,377 | 3.31% |
| MANHATTAN, KS (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $3,134 | 3.50% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,995 | 3.44% |
| Winfield, KS (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $1,700 | 3.13% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,971 | 2.50% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $818 | 3.63% |
| Parsons, KS (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $2,335 | 3.56% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,971 | 3.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,267 | 3.25% |
| Hannibal, MO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,357 | 3.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,341 | 2.50% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,671 | 3.25% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,721 | 3.75% |
| Great Bend, KS (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,560 | 3.25% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,540 | 2.75% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,269 | 3.75% |
| Lexington, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,860 | 2.88% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,215 | 3.13% |
| Elk City, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,765 | 3.25% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,977 | 3.75% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,697 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mortgage Investment Services Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, Mortgage Investment Services Corporation's most frequently originated type of loan was Conventional, with 679 originations. Their 2nd most popular type was FHA, with 173 originations.
Loan Reason
For 2020, Mortgage Investment Services Corporation's most frequently cited loan purpose was Home Purchase, with 565 originations. The 2nd most popular reason was Refi, with 320 originations.
Loan Duration/Length
For 2020, Mortgage Investment Services Corporation's most frequently cited loan duration was 30 Year, with 904 originations. The 2nd most popular length was 15 Year, with 149 originations.
Origination Fees/Closing Costs
Mortgage Investment Services Corporation's average total fees were $3,154, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 678 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 679 | $108,395,000 | $159,639 |
| 2.5-3% | 305 | $56,125,000 | $184,016 |
| 4-5% | 53 | $5,405,000 | $101,981 |
| <2.5% | 38 | $8,920,000 | $234,737 |
| 5-6% | 1 | $75,000 | $75,000 |
During 2020, Mortgage Investment Services Corporation's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 679 originations.
Loan Sizing
2020 saw Mortgage Investment Services Corporation place emphasis on $100k-200k loans with 463 originations, totaling $66,265,000 in origination value.
Applicant Income
Mortgage Investment Services Corporation lent most frequently to those with incomes in the $50k or less range, with 310 originations. The second most popular income band? $50k-75k, with 278 originations.
Applicant Debt to Income Ratio
Mortgage Investment Services Corporation lent most frequently to those with DTI ratios of 20-30%, with 297 originations. The next most common DTI ratio? 30-36%, with 224 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.40%
Mortgage Investment Services Corporation has an average approval rate.
Pick Rate
Approvals leading to origination57.62%
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 | 1,076 | $178,920,000 | $166,283 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 10 | $1,030,000 | $103,000 |
| Single Family (1-4 Units):Site-Built | 1,066 | $177,890,000 | $166,876 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE 1 INCORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| MORTGAGE 1 INCORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |