Mortgage Lenders Investment Trading Corporation Rates, Fees & Info

Oxford, MS

LEI: 549300EOHSB7M6IFW844

Tax ID: 26-0813134

3.5 stars - Updated: 12/16/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.96% 12/16/24
    30 Year Conventional Refi 6.67% 12/16/24
    30 Year Cash-out Refi 7.02% 12/16/24
    30 Year FHA Purchase 7.58% 12/16/24
    30 Year FHA Refi 7.06% 12/16/24
    30 Year VA Purchase 6.66% 12/16/24
    30 Year VA Refi 5.94% 12/16/24
    30 Year USDA Purchase 7.03% 12/16/24
    15 Year Conventional Purchase 6.18% 12/16/24
    15 Year Conventional Refi 6.16% 12/16/24
    15 Year Cash-out Refi 6.16% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mortgage Lenders Investment Trading Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    722

    Origination Dollar Volume (All Markets)

    $203,420,000
    Show all (7) awards

    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%
    Mortgage Lenders Investment Trading Corporation's top markets include Orlando, Gainesville, Tampa, Deltona, and Jacksonville among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Mortgage Lenders Investment Trading Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FineMark National Bank & Trust
    Similarity Rank: 280
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 288
    ORLANDO CREDIT UNION
    Similarity Rank: 459
    We Florida Financial
    Similarity Rank: 476
    Coastline Federal Credit Union
    Similarity Rank: 574
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 583
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 588
    SHELTER MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 686
    JAX
    Similarity Rank: 711
    Shea Mortgage Inc.
    Similarity Rank: 741

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 414 $115,090,000 $277,995 $6,955 6.94%
    FHA 229 $62,345,000 $272,249 $11,891 6.93%
    VA 72 $24,210,000 $336,250 $12,351 6.74%
    USDA 7 $1,775,000 $253,571 $7,896 6.80%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 460 $139,940,000 $304,217 $9,722 6.92%
    Cash Out Refi 243 $59,085,000 $243,148 $8,290 6.93%
    Refi 19 $4,395,000 $231,316 $6,473 6.79%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 701 $198,035,000 $282,504 $9,259 6.93%
    15 Year 13 $3,575,000 $275,000 $7,460 6.24%
    20 Year 6 $1,280,000 $213,333 $6,217 7.13%
    Other 2 $530,000 $265,000 $2,693 7.19%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 224 $75,650,000 $337,723
    $1k-2k 121 $36,275,000 $299,793
    $3k-4k 108 $23,540,000 $217,963
    $4k-5k 104 $27,660,000 $265,962
    $2k-3k 69 $15,145,000 $219,493
    $<1k 44 $12,380,000 $281,364

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 326 $93,650,000 $287,270
    7-8% 294 $83,670,000 $284,592
    5-6% 64 $17,440,000 $272,500
    Over 8% 32 $7,440,000 $232,500
    4-5% 4 $1,180,000 $295,000
    <2.5% 2 $40,000 $20,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 422 $121,060,000 $286,872 $9,725 6.91%
    $100k-200k 185 $29,235,000 $158,027 $6,070 6.98%
    $400k-600k 92 $42,970,000 $467,065 $12,688 6.91%
    $600k-1MM 13 $8,465,000 $651,154 $11,798 7.17%
    $100,000 or less 9 $655,000 $72,778 $3,484 5.61%
    $1MM+ 1 $1,035,000 $1,035,000 $8,600 7.13%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 185 $41,335,000 $223,432 $8,380 6.86%
    $100k-150k 180 $56,730,000 $315,167 $10,280 6.94%
    $75k-100k 152 $39,400,000 $259,211 $9,115 6.81%
    $150k-250k 94 $35,140,000 $373,830 $10,307 7.12%
    $50k or less 63 $10,325,000 $163,889 $6,411 6.76%
    $250k+ 47 $20,385,000 $433,723 $10,102 7.26%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 143 $40,765,000 $285,070 $12,012 6.83%
    30-36% 63 $19,115,000 $303,413 $8,527 7.04%
    49% 60 $18,440,000 $307,333 $9,579 6.84%
    20-30% 52 $14,590,000 $280,577 $7,129 6.96%
    44% 46 $11,130,000 $241,957 $6,931 6.94%
    43% 45 $12,375,000 $275,000 $8,561 6.84%
    46% 34 $9,450,000 $277,941 $8,538 7.04%
    47% 32 $8,470,000 $264,688 $9,367 6.92%
    40% 31 $9,085,000 $293,065 $8,042 6.94%
    48% 28 $7,480,000 $267,143 $8,578 6.92%
    38% 28 $6,710,000 $239,643 $8,037 6.95%
    42% 28 $8,600,000 $307,143 $10,124 6.86%
    39% 25 $6,365,000 $254,600 $8,351 7.05%
    37% 23 $6,215,000 $270,217 $7,779 7.05%
    41% 22 $6,300,000 $286,364 $8,360 6.77%
    45% 21 $5,115,000 $243,571 $8,190 6.88%
    <20% 17 $6,035,000 $355,000 $8,979 6.96%
    36% 16 $4,650,000 $290,625 $7,620 7.04%
    >60% 5 $1,895,000 $379,000 $11,561 6.95%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 501 $142,575,000 $284,581 $9,191 6.92%
    Not provided 170 $46,390,000 $272,882 $9,123 6.89%
    Black 35 $9,205,000 $263,000 $9,178 7.04%
    Asian 12 $3,950,000 $329,167 $8,614 6.99%
    Native Hawaiian or Islander 2 $710,000 $355,000 $8,785 6.44%
    Asian Indian 1 $305,000 $305,000 $10,691 6.25%
    American Indian 1 $285,000 $285,000 $15,515 7.75%

    Approval Rates

    Total approvals of all applications
    93.80%

    Mortgage Lenders Investment Trading Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.12%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    722 $203,420,000 $281,745

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $8,070,000 $161,400 $4,880 6.84%
    40-60% 101 $22,685,000 $224,604 $6,766 6.84%
    60-80% 215 $61,265,000 $284,953 $9,198 7.00%
    80-100% 333 $104,295,000 $313,198 $10,158 6.95%
    Over 100% 19 $6,815,000 $358,684 $16,779 6.84%
    Under 20% 4 $290,000 $72,500 $2,306 3.34%