Signature Mortgage Corporation Rates, Fees & Info

AKRON, OH

LEI: 5493009N6Q6LPQ4CL708

Tax ID: 31-1488064

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Signature Mortgage Corporation is a smaller mortgage company specializing in Home Purchase and Refi 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, Columbus, and Cincinnati among others. We have data for 104 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

1,737

Origination Dollar Volume (All Markets)

$350,235,000
Show all (10) awards

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) 801 $150,975,000 $188,483 $3,499 3.07%
AKRON, OH (FHA|USDA|VA) 288 $58,680,000 $203,750 $3,421 3.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 188 $43,190,000 $229,734 $3,372 2.86%
COLUMBUS, OH (FHA|USDA|VA) 61 $16,075,000 $263,525 $3,651 3.04%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 35 $9,195,000 $262,714 $3,797 2.88%
Outside of Metro Areas 34 $5,510,000 $162,059 $4,620 3.36%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 24 $5,330,000 $222,083 $4,740 3.20%
New Philadelphia-Dover, OH (FHA|USDA|VA) 31 $5,135,000 $165,645 $3,561 3.08%
Wooster, OH (FHA|USDA|VA) 22 $4,170,000 $189,545 $3,342 2.99%
TOLEDO, OH (FHA|USDA|VA) 12 $3,180,000 $265,000 $4,072 2.90%
RALEIGH-CARY, NC (FHA|USDA|VA) 14 $3,090,000 $220,714 $4,875 3.26%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $2,905,000 $264,091 $8,060 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $2,315,000 $257,222 $3,926 2.85%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $2,215,000 $246,111 $5,618 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 9 $2,035,000 $226,111 $6,609 3.22%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 10 $1,840,000 $184,000 $4,969 3.26%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,760,000 $293,333 $2,301 2.46%
Salem, OH (FHA|USDA|VA) 10 $1,350,000 $135,000 $3,938 3.33%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $1,335,000 $190,714 $5,299 3.05%
JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,335,000 $267,000 $5,603 3.03%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $1,225,000 $175,000 $5,402 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,085,000 $217,000 $4,773 3.40%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,195 3.03%
ASHEVILLE, NC (FHA|USDA|VA) 4 $910,000 $227,500 $5,341 3.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $845,000 $281,667 $5,138 2.71%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $785,000 $261,667 $6,848 3.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $780,000 $195,000 $3,977 3.53%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $760,000 $126,667 $3,985 3.17%
WILMINGTON, NC (FHA|USDA|VA) 2 $710,000 $355,000 $5,306 2.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $675,000 $225,000 $5,657 2.71%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $610,000 $305,000 $6,894 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 3 $595,000 $198,333 $5,019 3.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $565,000 $188,333 $6,364 3.42%
OCALA, FL (FHA|USDA|VA) 4 $560,000 $140,000 $5,694 3.41%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $555,000 $185,000 $5,482 3.67%
SPRINGFIELD, OH (FHA|USDA|VA) 4 $550,000 $137,500 $4,406 3.50%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $535,000 $178,333 $5,329 3.46%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $535,000 $178,333 $4,735 3.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $530,000 $265,000 $8,105 3.13%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $530,000 $265,000 $4,835 2.69%
Portsmouth, OH (FHA|USDA|VA) 2 $520,000 $260,000 $8,014 3.19%
Elizabeth City, NC (FHA|USDA|VA) 3 $505,000 $168,333 $4,465 3.50%
Ashland, OH (FHA|USDA|VA) 3 $495,000 $165,000 $4,121 3.42%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,958 2.81%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,022 3.19%
Mount Airy, NC (FHA|USDA|VA) 2 $410,000 $205,000 $3,684 3.06%
Albemarle, NC (FHA|USDA|VA) 2 $400,000 $200,000 $5,407 3.38%
VALDOSTA, GA (FHA|USDA|VA) 2 $380,000 $190,000 $6,968 3.44%
Washington, NC (FHA|USDA|VA) 2 $360,000 $180,000 $5,713 3.06%
St. Marys, GA (FHA|USDA|VA) 1 $355,000 $355,000 $1,813 3.25%
GAINESVILLE, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,417 2.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $325,000 $325,000 $3,244 3.38%
Forest City, NC (FHA|USDA|VA) 1 $315,000 $315,000 $9,477 2.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,398 2.63%
MIDLAND, MI (FHA|USDA|VA) 1 $305,000 $305,000 $2,041 2.88%
NEW BERN, NC (FHA|USDA|VA) 2 $300,000 $150,000 $6,508 3.44%
KNOXVILLE, TN (FHA|USDA|VA) 1 $295,000 $295,000 $3,011 2.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,404 3.38%
GREENVILLE, NC (FHA|USDA|VA) 2 $280,000 $140,000 $4,108 2.81%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $280,000 $140,000 $4,391 3.13%
ANN ARBOR, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,984 3.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,639 2.88%
Marietta, OH (FHA|USDA|VA) 2 $250,000 $125,000 $5,647 3.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,053 2.75%
Traverse City, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,405 3.38%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,236 3.63%
Greenville, OH (FHA|USDA|VA) 1 $215,000 $215,000 $7,078 3.13%
DALTON, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,257 2.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,932 2.88%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $215,000 $215,000 $6,949 3.00%
Greeneville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $7,215 3.63%
Moultrie, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,278 2.63%
Toccoa, GA (FHA|USDA|VA) 1 $195,000 $195,000 $6,900 2.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,226 3.75%
Fremont, OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,752 2.75%
Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,131 2.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $5,291 3.88%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 2 $170,000 $85,000 $3,659 3.19%
Zanesville, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,276 3.63%
Sandusky, OH (FHA|USDA|VA) 2 $160,000 $80,000 $3,533 2.88%
Rockingham, NC (FHA|USDA|VA) 1 $155,000 $155,000 $6,867 2.63%
Okeechobee, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,879 2.75%
Urbana, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,916 3.00%
Chillicothe, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $135,000 $135,000 $5,887 2.75%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,535 3.75%
Athens, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,104 3.50%
WHEELING, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,246 4.13%
Laurinburg, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,382 3.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $6,559 4.38%
Kinston, NC (FHA|USDA|VA) 1 $115,000 $115,000 $4,319 2.75%
Washington, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,734 3.13%
LIMA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,170 3.63%
MANSFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,895 3.38%
Wilmington, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,632 2.88%
Defiance, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,020 2.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $95,000 $95,000 $4,126 4.38%
Van Wert, OH (FHA|USDA|VA) 1 $85,000 $85,000 $4,658 3.38%
MONROE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $4,839 4.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $85,000 $85,000 $6,257 4.63%
Sanford, NC (FHA|USDA|VA) 1 $85,000 $85,000 $3,332 2.63%
Sidney, OH (FHA|USDA|VA) 1 $75,000 $75,000 $4,778 3.25%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,485 2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,421 3.50%
Signature Mortgage Corporation's top markets include Canton, Akron, Cleveland, Columbus, and Cincinnati among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,438 $299,800,000 $208,484 $3,256 2.99%
    FHA 163 $26,515,000 $162,669 $6,424 3.29%
    USDA 123 $19,945,000 $162,154 $5,611 3.38%
    VA 13 $3,975,000 $305,769 $5,515 3.15%

    For 2020, Signature Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,438 originations. Their 2nd most popular type was FHA, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 822 $166,090,000 $202,056 $3,767 3.05%
    Refi 770 $155,530,000 $201,987 $3,703 3.05%
    Cash Out Refi 145 $28,615,000 $197,345 $3,741 3.02%

    For 2020, Signature Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 822 originations. The 2nd most popular reason was Refi, with 770 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,357 $271,665,000 $200,195 $3,934 3.12%
    15 Year 258 $51,630,000 $200,116 $3,061 2.69%
    20 Year 71 $16,145,000 $227,394 $2,980 3.08%
    Other 41 $9,005,000 $219,634 $3,061 2.95%
    10 Year 10 $1,790,000 $179,000 $2,457 2.60%

    For 2020, Signature Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,357 originations. The 2nd most popular length was 15 Year, with 258 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,515 $298,825,000 $197,244
    $<1k 171 $41,875,000 $244,883
    $2k-3k 36 $6,720,000 $186,667
    $3k-4k 9 $1,825,000 $202,778
    $4k-5k 3 $835,000 $278,333

    Signature Mortgage Corporation's average total fees were $3,934, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,515 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 861 $180,615,000 $209,774
    3-4% 672 $129,400,000 $192,560
    <2.5% 156 $34,580,000 $221,667
    4-5% 48 $5,640,000 $117,500

    During 2020, Signature Mortgage Corporation's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 861 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 829 $124,995,000 $150,778 $3,683 3.10%
    $200k-400k 656 $178,440,000 $272,012 $3,874 2.94%
    $100,000 or less 183 $15,065,000 $82,322 $3,392 3.26%
    $400k-600k 69 $31,735,000 $459,928 $3,977 2.97%

    2020 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 829 originations, totaling $124,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 428 $71,280,000 $166,542 $4,061 3.09%
    $100k-150k 375 $86,975,000 $231,933 $3,523 2.97%
    $50k or less 319 $40,055,000 $125,564 $3,980 3.21%
    $75k-100k 308 $59,580,000 $193,442 $3,708 3.08%
    $150k-250k 225 $64,785,000 $287,933 $3,309 2.91%
    $250k+ 80 $27,040,000 $338,000 $3,333 2.85%

    Signature Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 428 originations. The second most popular income band? $100k-150k, with 375 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 536 $108,580,000 $202,575 $3,370 3.00%
    30-36% 323 $64,195,000 $198,746 $3,655 3.09%
    <20% 221 $45,645,000 $206,538 $3,138 2.86%
    37% 63 $11,745,000 $186,429 $3,939 3.21%
    40% 62 $11,950,000 $192,742 $4,294 3.18%
    39% 62 $11,950,000 $192,742 $3,946 3.17%
    38% 61 $12,645,000 $207,295 $4,328 3.14%
    41% 60 $12,090,000 $201,500 $3,869 3.20%
    42% 55 $11,515,000 $209,364 $4,170 3.12%
    44% 55 $9,905,000 $180,091 $4,030 3.04%
    36% 53 $10,965,000 $206,887 $3,755 3.04%
    43% 36 $7,780,000 $216,111 $3,893 3.06%
    45% 29 $6,395,000 $220,517 $4,726 3.04%
    50-60% 28 $5,140,000 $183,571 $6,929 3.13%
    46% 22 $4,630,000 $210,455 $4,610 3.20%
    47% 22 $4,410,000 $200,455 $3,958 3.20%
    49% 20 $3,820,000 $191,000 $5,172 3.13%
    48% 18 $4,210,000 $233,889 $5,377 3.22%
    >60% 2 $270,000 $135,000 $4,487 3.31%

    Signature Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 536 originations. The next most common DTI ratio? 30-36%, with 323 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,626 $327,560,000 $201,451 $3,708 3.05%
    Asian 39 $9,065,000 $232,436 $3,476 2.81%
    Black 41 $7,275,000 $177,439 $4,779 3.28%
    Not applicable 13 $3,105,000 $238,846 $3,875 2.74%
    Not provided 17 $3,045,000 $179,118 $4,458 3.18%
    Native Hawaiian or Islander 1 $185,000 $185,000 $3,840 3.50%

    Approval Rates

    Total approvals of all applications
    93.97%

    Signature Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.13%

    Signature Mortgage Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,737 $350,235,000 $201,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,350,000 $112,500
    Single Family (1-4 Units):Site-Built 1,725 $348,885,000 $202,252

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $4,365,000 $150,517 $2,844 2.89%
    40-60% 173 $33,265,000 $192,283 $2,999 2.81%
    60-80% 685 $149,535,000 $218,299 $3,143 2.98%
    80-100% 847 $162,165,000 $191,458 $4,368 3.17%
    Over 100% 3 $905,000 $301,667 $11,813 3.04%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SIGNATURE MORTGAGE CORPORATION Other type of mortgage Improper use of your report 1 100.0%