Mortgage Trust Rates, Fees & Info
Portland, ORLEI: 549300226DHCWS6LXW03
Tax ID: 93-1301081
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Mortgage Trust is a smaller mortgage company specializing in Home Purchase loans. Mortgage Trust 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.) Their top markets by origination volume include: Portland, Salt Lake City, Salem, Olympia, and Heber among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Trust 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 Trust 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.
Originations
104Origination Dollar Volume (All Markets)
$32,220,000Awards
Mortgage Trust - 2018
Mortgage Trust is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for Mortgage Trust?
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.
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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 77 | $24,815,000 | $322,273 | $4,950 | 4.58% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 8 | $2,510,000 | $313,750 | $6,259 | 4.48% |
| Outside of Metro Areas | 4 | $1,190,000 | $297,500 | $4,289 | 4.53% |
| SALEM, OR (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $4,987 | 4.55% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,079 | 4.88% |
| Heber, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,823 | 4.88% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,152 | 4.63% |
| Hood River, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,946 | 4.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,228 | 4.13% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.13% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,852 | 4.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,488 | 4.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,583 | 5.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,367 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mortgage Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 33
Similarity Rank: 360
Similarity Rank: 900
Similarity Rank: 969
Similarity Rank: 1298
Similarity Rank: 1432
Similarity Rank: 1443
Similarity Rank: 1720
Similarity Rank: 1778
Similarity Rank: 1869
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $32,015,000 | $310,825 | $4,979 | 4.57% |
| FHA | 1 | $205,000 | $205,000 | $8,698 | 4.13% |
For 2018, Mortgage Trust's most frequently originated type of loan was Conventional, with 103 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2018, Mortgage Trust's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 102 | $31,750,000 | $311,275 | $5,027 | 4.58% |
| 20 Year | 1 | $215,000 | $215,000 | $3,815 | 4.25% |
| Other | 1 | $255,000 | $255,000 | $0 | 4.13% |
For 2018, Mortgage Trust's most frequently cited loan duration was 30 Year, with 102 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
Mortgage Trust's average total fees were $5,027, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 75 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 79 | $24,175,000 | $306,013 |
| 5-6% | 13 | $3,925,000 | $301,923 |
| 3-4% | 12 | $4,120,000 | $343,333 |
During 2018, Mortgage Trust's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 79 originations.
Loan Sizing
2018 saw Mortgage Trust place emphasis on $200k-400k loans with 66 originations, totaling $19,250,000 in origination value.
Applicant Income
Mortgage Trust lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
Mortgage Trust lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.66%
Mortgage Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination59.62%
Mortgage Trust 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 | 104 | $32,220,000 | $309,808 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 104 | $32,220,000 | $309,808 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CENTER, LC | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| MORTGAGE CENTER, LC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |