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 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
1,737Origination Dollar Volume (All Markets)
$350,235,000Awards
SIGNATURE MORTGAGE CORPORATION - 2020
SIGNATURE MORTGAGE 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 |
|---|---|---|---|---|---|
| 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% |
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Product Mix
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
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
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
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
2020 saw Signature Mortgage Corporation place emphasis on $100k-200k loans with 829 originations, totaling $124,995,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.97%
Signature Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination94.13%
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
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% |