Signature Mortgage Corporation Rates, Fees & Info
AKRON, OHLEI: 5493009N6Q6LPQ4CL708
Tax ID: 31-1488064
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Mortgage Data
Review & Overview
Signature Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Signature Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Canton, Akron, Cleveland, Naples, and Columbus among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Signature Mortgage 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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Originations
709Origination Dollar Volume (All Markets)
$113,475,000Awards
SIGNATURE MORTGAGE CORPORATION - 2018
SIGNATURE MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 308 | $51,420,000 | $166,948 | $3,808 | 4.71% |
| AKRON, OH (FHA|USDA|VA) | 84 | $14,080,000 | $167,619 | $3,751 | 4.70% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 39 | $7,105,000 | $182,179 | $3,500 | 4.72% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $3,800,000 | $380,000 | $5,474 | 4.48% |
| Outside of Metro Areas | 34 | $3,790,000 | $111,471 | $4,742 | 5.05% |
| COLUMBUS, OH (FHA|USDA|VA) | 18 | $2,640,000 | $146,667 | $4,882 | 4.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $2,075,000 | $230,556 | $5,929 | 5.01% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $1,895,000 | $145,769 | $5,477 | 5.07% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $6,319 | 5.05% |
| Wooster, OH (FHA|USDA|VA) | 11 | $1,415,000 | $128,636 | $3,574 | 5.01% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $7,216 | 5.09% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $3,252 | 4.86% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $5,757 | 4.65% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,419 | 4.88% |
| Salem, OH (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $4,382 | 4.75% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $3,666 | 4.73% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $5,065 | 5.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $3,980 | 4.83% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $6,063 | 5.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,572 | 5.17% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $5,793 | 5.28% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,939 | 4.31% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $5,007 | 5.20% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $4,069 | 5.13% |
| OCALA, FL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,883 | 5.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,400 | 4.46% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $4,253 | 5.22% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $4,819 | 5.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,210 | 5.08% |
| Urbana, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $5,496 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,180 | 4.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $4,536 | 5.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,424 | 4.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,341 | 5.29% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,082 | 5.38% |
| Ashland, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,981 | 4.94% |
| Fremont, OH (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $4,370 | 4.96% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,917 | 5.38% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,836 | 5.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,577 | 5.44% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,079 | 5.13% |
| Jackson, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,015 | 5.13% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,405 | 5.25% |
| Sidney, OH (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,528 | 5.50% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,729 | 4.56% |
| Palatka, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,227 | 5.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,339 | 4.94% |
| Athens, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,892 | 4.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,679 | 5.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,618 | 5.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,080 | 5.25% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,123 | 5.50% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,240 | 5.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,388 | 4.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,634 | 4.50% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,496 | 5.25% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,621 | 4.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,971 | 5.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,280 | 5.25% |
| Marietta, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,868 | 5.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,780 | 5.25% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,851 | 5.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,682 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,664 | 5.25% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,709 | 5.25% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,895 | 5.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,002 | 4.50% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,401 | 5.25% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,125 | 5.25% |
| Marion, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,011 | 5.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,787 | 4.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,877 | 5.25% |
| Adrian, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,663 | 4.75% |
| Lake City, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,347 | 5.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,462 | 4.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,794 | 5.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,222 | 4.75% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,817 | 4.88% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,631 | 4.88% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,573 | 4.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,255 | 5.25% |
| Defiance, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,122 | 4.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,855 | 4.13% |
| Alma, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,900 | 5.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,424 | 5.25% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,034 | 5.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,947 | 5.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,629 | 5.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,003 | 5.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,003 | 5.25% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,151 | 4.50% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,388 | 4.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,551 | 4.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,815 | 5.25% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,220 | 5.25% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,604 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against SIGNATURE MORTGAGE 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 2018, Signature Mortgage Corporation's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was USDA, with 169 originations.
Loan Reason
For 2018, Signature Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 641 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
For 2018, Signature Mortgage Corporation's most frequently cited loan duration was 30 Year, with 680 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
Signature Mortgage Corporation's average total fees were $4,293, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 380 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 492 | $82,660,000 | $168,008 |
| 5-6% | 186 | $23,150,000 | $124,462 |
| 3-4% | 30 | $7,590,000 | $253,000 |
| 6-7% | 1 | $75,000 | $75,000 |
During 2018, Signature Mortgage Corporation's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 492 originations.
Loan Sizing
2018 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 383 originations, totaling $54,455,000 in origination value.
Applicant Income
Signature Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 283 originations. The second most popular income band? $50k-75k, with 200 originations.
Applicant Debt to Income Ratio
Signature Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 146 originations. The next most common DTI ratio? 20-30%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.81%
Signature Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination91.68%
Signature Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 709 | $113,475,000 | $160,049 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $685,000 | $97,857 |
| Single Family (1-4 Units):Site-Built | 702 | $112,790,000 | $160,670 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Signature Bank (NY) | Conventional home mortgage | Struggling to pay mortgage | 2 | 50.0% |
| Signature Bank (NY) | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |