Mortgage Lenders Investment Trading Corporation Rates, Fees & Info

Oxford, MS

LEI: 549300EOHSB7M6IFW844

Tax ID: 26-0813134

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi and Home Purchase 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, Tampa, Jacksonville, Deltona, and Lakeland among others. We have data for 36 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 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.

    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% 4/21/24
    30 Year Conventional Refi 6.67% 4/21/24
    30 Year Cash-out Refi 7.02% 4/21/24
    30 Year FHA Purchase 7.58% 4/21/24
    30 Year FHA Refi 7.06% 4/21/24
    30 Year VA Purchase 6.66% 4/21/24
    30 Year VA Refi 5.94% 4/21/24
    30 Year USDA Purchase 7.03% 4/21/24
    15 Year Conventional Purchase 6.18% 4/21/24
    15 Year Conventional Refi 6.16% 4/21/24
    15 Year Cash-out Refi 6.16% 4/21/24
    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

    2,736

    Origination Dollar Volume (All Markets)

    $487,430,000
    Show all (22) 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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 854 $164,900,000 $193,091 $4,232 4.91%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 560 $98,320,000 $175,571 $4,088 4.96%
    JACKSONVILLE, FL (FHA|USDA|VA) 346 $59,910,000 $173,150 $4,321 4.87%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 232 $38,400,000 $165,517 $4,000 4.93%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 224 $35,740,000 $159,554 $4,085 4.96%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 175 $30,135,000 $172,200 $3,827 4.97%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 97 $18,175,000 $187,371 $4,402 4.95%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 39 $9,015,000 $231,154 $4,029 4.90%
    OCALA, FL (FHA|USDA|VA) 41 $5,965,000 $145,488 $3,862 4.89%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 23 $4,415,000 $191,957 $4,673 4.84%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $3,710,000 $185,500 $4,084 5.02%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 20 $2,570,000 $128,500 $4,087 4.84%
    THE VILLAGES, FL (FHA|USDA|VA) 13 $2,285,000 $175,769 $3,274 4.95%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 13 $1,965,000 $151,154 $3,935 4.93%
    PUNTA GORDA, FL (FHA|USDA|VA) 14 $1,690,000 $120,714 $2,971 4.76%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 9 $1,345,000 $149,444 $3,081 5.07%
    Palatka, FL (FHA|USDA|VA) 11 $1,215,000 $110,455 $3,729 4.98%
    Outside of Metro Areas 9 $1,145,000 $127,222 $2,121 5.14%
    TULSA, OK (FHA|USDA|VA) 5 $935,000 $187,000 $4,623 4.80%
    GAINESVILLE, FL (FHA|USDA|VA) 5 $885,000 $177,000 $6,845 4.60%
    ASHEVILLE, NC (FHA|USDA|VA) 4 $680,000 $170,000 $3,999 4.69%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $560,000 $280,000 $10,271 4.81%
    Lake City, FL (FHA|USDA|VA) 2 $540,000 $270,000 $5,188 4.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $430,000 $215,000 $2,600 5.81%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $415,000 $138,333 $2,453 4.96%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $345,000 $345,000 $4,512 4.25%
    Arcadia, FL (FHA|USDA|VA) 3 $315,000 $105,000 $3,792 4.75%
    Key West, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,103 5.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,460 4.25%
    Clewiston, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,406 4.88%
    Wauchula, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,402 5.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $145,000 $145,000 $1,865 5.75%
    Stillwater, OK (FHA|USDA|VA) 1 $125,000 $125,000 $5,782 3.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,400 5.38%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,128 5.63%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $95,000 $95,000 $2,689 4.50%
    Mortgage Lenders Investment Trading Corporation's top markets include Orlando, Tampa, Jacksonville, Deltona, and Lakeland among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Tennessee (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.

    McCoy Federal Credit Union
    Similarity Rank: 60
    LAUNCH FEDERAL CREDIT UNION
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    Marine Bank & Trust Company
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    We Florida Financial
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    Natbank
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    POWER FINANCIAL
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    SAN ANTONIO CITIZENS
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    DYBN FINANCIAL CORP.
    Similarity Rank: 756
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,424 $248,030,000 $174,178 $2,820 5.00%
    FHA 1,004 $173,480,000 $172,789 $5,421 4.89%
    VA 306 $65,590,000 $214,346 $6,040 4.67%
    USDA 2 $330,000 $165,000 $3,786 4.94%

    For 2018, Mortgage Lenders Investment Trading Corporation's most frequently originated type of loan was Conventional, with 1,424 originations. Their 2nd most popular type was FHA, with 1,004 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,673 $286,105,000 $171,013 $4,040 4.96%
    Home Purchase 745 $146,845,000 $197,107 $4,790 4.94%
    Refi 318 $54,480,000 $171,321 $3,103 4.67%

    For 2018, Mortgage Lenders Investment Trading Corporation's most frequently cited loan purpose was Cash Out Refi, with 1,673 originations. The 2nd most popular reason was Home Purchase, with 745 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,251 $411,915,000 $182,992 $4,346 5.01%
    15 Year 343 $52,485,000 $153,017 $3,112 4.42%
    20 Year 115 $18,275,000 $158,913 $3,083 4.80%
    Other 16 $3,140,000 $196,250 $4,069 4.91%
    10 Year 11 $1,615,000 $146,818 $3,861 4.40%

    For 2018, Mortgage Lenders Investment Trading Corporation's most frequently cited loan duration was 30 Year, with 2,251 originations. The 2nd most popular length was 15 Year, with 343 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,892 $339,490,000 $179,434
    $1k-2k 373 $59,375,000 $159,182
    $2k-3k 275 $44,495,000 $161,800
    $3k-4k 134 $28,520,000 $212,836
    $4k-5k 35 $7,975,000 $227,857
    $5k+ 27 $7,575,000 $280,556

    Mortgage Lenders Investment Trading Corporation's average total fees were $4,346, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,892 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,580 $285,370,000 $180,614
    5-6% 1,022 $177,220,000 $173,405
    3-4% 134 $24,840,000 $185,373

    During 2018, Mortgage Lenders Investment Trading Corporation's average interest rate for loans was 5.01%, while their most frequently originated rate bucket for loans was 4-5%, with 1,580 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,558 $231,370,000 $148,504 $3,714 4.92%
    $200k-400k 816 $208,700,000 $255,760 $5,377 4.90%
    $100,000 or less 313 $25,225,000 $80,591 $2,782 4.99%
    $400k-600k 46 $20,200,000 $439,130 $5,530 4.81%
    $600k-1MM 3 $1,935,000 $645,000 $4,928 4.83%

    2018 saw Mortgage Lenders Investment Trading Corporation place emphasis on $100k-200k loans with 1,558 originations, totaling $231,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 874 $145,770,000 $166,785 $4,166 4.91%
    $50k or less 734 $94,630,000 $128,924 $3,606 4.96%
    $75k-100k 548 $107,290,000 $195,785 $4,354 4.92%
    $100k-150k 421 $95,775,000 $227,494 $4,466 4.94%
    $150k-250k 130 $35,470,000 $272,846 $4,994 4.83%
    $250k+ 20 $7,040,000 $352,000 $4,078 4.74%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with incomes in the $50k-75k range, with 874 originations. The second most popular income band? $50k or less, with 734 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 421 $72,455,000 $172,102 $4,100 4.95%
    20-30% 390 $66,460,000 $170,410 $3,721 4.84%
    50-60% 361 $66,405,000 $183,947 $5,584 4.87%
    49% 137 $25,245,000 $184,270 $3,825 4.94%
    44% 130 $23,620,000 $181,692 $4,277 4.93%
    48% 123 $22,795,000 $185,325 $4,238 4.96%
    46% 123 $22,925,000 $186,382 $4,013 4.97%
    47% 109 $19,705,000 $180,780 $3,965 5.02%
    45% 109 $19,755,000 $181,239 $3,663 5.00%
    42% 104 $18,770,000 $180,481 $3,865 4.98%
    37% 101 $18,285,000 $181,040 $4,005 4.84%
    43% 100 $18,500,000 $185,000 $3,644 5.02%
    40% 100 $17,710,000 $177,100 $4,055 4.90%
    39% 95 $16,165,000 $170,158 $3,996 4.96%
    <20% 86 $13,440,000 $156,279 $3,076 4.75%
    41% 86 $16,770,000 $195,000 $4,262 4.96%
    36% 80 $13,880,000 $173,500 $3,820 5.03%
    38% 78 $13,950,000 $178,846 $3,605 4.99%
    >60% 1 $425,000 $425,000 $16,626 4.88%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with DTI ratios of 30-36%, with 421 originations. The next most common DTI ratio? 20-30%, with 390 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,173 $386,125,000 $177,692 $4,042 4.91%
    Not provided 348 $62,080,000 $178,391 $4,383 5.05%
    Black 137 $25,155,000 $183,613 $5,036 4.92%
    Asian 42 $7,970,000 $189,762 $3,820 4.82%
    American Indian 13 $2,015,000 $155,000 $4,424 5.03%
    Native Hawaiian or Islander 11 $1,955,000 $177,727 $3,408 5.16%
    Asian Indian 5 $835,000 $167,000 $2,927 5.25%
    Not applicable 3 $595,000 $198,333 $7,363 4.50%
    Filipino 1 $225,000 $225,000 $6,468 5.13%
    Japanese 1 $185,000 $185,000 $5,752 5.13%
    Vietnamese 1 $185,000 $185,000 $7,826 4.50%
    Other Pacific Islander 1 $105,000 $105,000 $3,039 4.75%

    Approval Rates

    Total approvals of all applications
    92.12%

    Mortgage Lenders Investment Trading Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.45%

    Mortgage Lenders Investment Trading Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,736 $487,430,000 $178,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,736 $487,430,000 $178,154

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 99 $10,235,000 $103,384 $2,593 4.88%
    40-60% 317 $40,655,000 $128,249 $2,819 4.84%
    60-80% 1,010 $176,520,000 $174,772 $3,387 4.99%
    80-100% 1,269 $250,305,000 $197,246 $4,985 4.90%
    Over 100% 36 $9,420,000 $261,667 $11,212 4.71%
    Under 20% 5 $295,000 $59,000 $2,602 4.68%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Mortgage Lending Masters, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%