Mortgage Lenders Investment Trading Corporation Rates, Fees & Info
Oxford, MSLEI: 549300EOHSB7M6IFW844
Tax ID: 26-0813134
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Mortgage Data
Review & Overview
Mortgage Lenders Investment Trading Corporation is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Mortgage Lenders Investment Trading Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Orlando, Gainesville, Tampa, Deltona, and Jacksonville among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Lenders Investment Trading Corporation 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 Lenders Investment Trading Corporation is typically a high 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 relatively high 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 | 6.96% | 11/17/24 |
| 30 Year Conventional Refi | 6.67% | 11/17/24 |
| 30 Year Cash-out Refi | 7.02% | 11/17/24 |
| 30 Year FHA Purchase | 7.58% | 11/17/24 |
| 30 Year FHA Refi | 7.06% | 11/17/24 |
| 30 Year VA Purchase | 6.66% | 11/17/24 |
| 30 Year VA Refi | 5.94% | 11/17/24 |
| 30 Year USDA Purchase | 7.03% | 11/17/24 |
| 15 Year Conventional Purchase | 6.18% | 11/17/24 |
| 15 Year Conventional Refi | 6.16% | 11/17/24 |
| 15 Year Cash-out Refi | 6.16% | 11/17/24 |
| 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 Lenders Investment Trading Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
722Origination Dollar Volume (All Markets)
$203,420,000Awards
Mortgage Lenders Investment Trading Corporation - 2023
Mortgage Lenders Investment Trading Corporation is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mortgage Lenders Investment Trading Corporation's average 30 year fixed mortgage rate was
6.93%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.45%.
Relative Fees (Closing Costs)
Mortgage Lenders Investment Trading Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,259.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 161 | $48,385,000 | $300,528 | $10,394 | 6.87% |
| GAINESVILLE, FL (FHA|USDA|VA) | 140 | $40,140,000 | $286,714 | $8,483 | 6.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 100 | $26,900,000 | $269,000 | $8,612 | 7.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 93 | $26,355,000 | $283,387 | $9,774 | 6.91% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 38 | $10,760,000 | $283,158 | $7,532 | 6.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 25 | $8,415,000 | $336,600 | $10,401 | 6.80% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 24 | $8,280,000 | $345,000 | $8,131 | 6.80% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 35 | $8,015,000 | $229,000 | $8,045 | 6.81% |
| OCALA, FL (FHA|USDA|VA) | 30 | $7,750,000 | $258,333 | $8,896 | 6.75% |
| Outside of Metro Areas | 20 | $4,080,000 | $204,000 | $8,860 | 6.87% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $10,599 | 6.46% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 7 | $1,955,000 | $279,286 | $9,601 | 6.91% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $1,945,000 | $277,857 | $8,578 | 7.23% |
| Palatka, FL (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $9,957 | 7.03% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $10,422 | 7.53% |
| Lake City, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $15,036 | 6.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $8,786 | 7.44% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $12,220 | 7.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,643 | 7.04% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,585 | 7.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,223 | 7.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,885 | 7.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $9,415 | 7.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,354 | 7.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,449 | 7.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,754 | 5.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,079 | 8.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,364 | 6.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,625 | 6.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,012 | 7.88% |
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Product Mix
For 2023, Mortgage Lenders Investment Trading Corporation's most frequently originated type of loan was Conventional, with 414 originations. Their 2nd most popular type was FHA, with 229 originations.
Loan Reason
For 2023, Mortgage Lenders Investment Trading Corporation's most frequently cited loan purpose was Home Purchase, with 460 originations. The 2nd most popular reason was Cash Out Refi, with 243 originations.
Loan Duration/Length
For 2023, Mortgage Lenders Investment Trading Corporation's most frequently cited loan duration was 30 Year, with 701 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
Mortgage Lenders Investment Trading Corporation's average total fees were $9,259, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 224 originations.
Interest Rates
During 2023, Mortgage Lenders Investment Trading Corporation's average interest rate for loans was 6.93%, while their most frequently originated rate bucket for loans was 6-7%, with 326 originations.
Loan Sizing
2023 saw Mortgage Lenders Investment Trading Corporation place emphasis on $200k-400k loans with 422 originations, totaling $121,060,000 in origination value.
Applicant Income
Mortgage Lenders Investment Trading Corporation lent most frequently to those with incomes in the $50k-75k range, with 185 originations. The second most popular income band? $100k-150k, with 180 originations.
Applicant Debt to Income Ratio
Mortgage Lenders Investment Trading Corporation lent most frequently to those with DTI ratios of 50-60%, with 143 originations. The next most common DTI ratio? 30-36%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.80%
Mortgage Lenders Investment Trading Corporation has an average approval rate.
Pick Rate
Approvals leading to origination78.12%
Mortgage Lenders Investment Trading Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 722 | $203,420,000 | $281,745 |