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 Cash Out Refi, Home Purchase, and 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, Tampa, Jacksonville, Deltona, and Lakeland among others. We have data for 39 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 an average 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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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,374Origination Dollar Volume (All Markets)
$713,890,000Mortgage Lenders Investment Trading Corporation - 2019
Mortgage Lenders Investment Trading Corporation is a 2019 , due to their low .
For 2019, 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 |
---|---|---|---|---|---|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1,149 | $261,595,000 | $227,672 | $5,350 | 4.55% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 676 | $140,980,000 | $208,550 | $4,951 | 4.60% |
JACKSONVILLE, FL (FHA|USDA|VA) | 353 | $78,225,000 | $221,601 | $5,757 | 4.53% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 299 | $56,575,000 | $189,214 | $4,883 | 4.69% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 302 | $54,430,000 | $180,232 | $4,897 | 4.65% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 188 | $39,750,000 | $211,436 | $4,829 | 4.63% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 132 | $29,140,000 | $220,758 | $4,990 | 4.47% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 38 | $10,160,000 | $267,368 | $5,467 | 4.70% |
OCALA, FL (FHA|USDA|VA) | 48 | $7,360,000 | $153,333 | $4,850 | 4.79% |
THE VILLAGES, FL (FHA|USDA|VA) | 31 | $6,205,000 | $200,161 | $4,364 | 4.67% |
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 29 | $4,885,000 | $168,448 | $4,612 | 4.67% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 19 | $4,065,000 | $213,947 | $4,875 | 4.86% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 14 | $2,910,000 | $207,857 | $6,202 | 4.52% |
SEBRING-AVON PARK, FL (FHA|USDA|VA) | 19 | $2,485,000 | $130,789 | $3,666 | 5.04% |
GAINESVILLE, FL (FHA|USDA|VA) | 11 | $2,225,000 | $202,273 | $3,980 | 4.61% |
PUNTA GORDA, FL (FHA|USDA|VA) | 15 | $2,155,000 | $143,667 | $3,901 | 4.85% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $4,044 | 4.54% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $5,101 | 5.19% |
ASHEVILLE, NC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,039 | 4.04% |
Palatka, FL (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $4,510 | 5.09% |
Outside of Metro Areas | 4 | $670,000 | $167,500 | $3,026 | 4.72% |
Lake City, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,424 | 4.67% |
TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,199 | 4.75% |
Wauchula, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,948 | 4.44% |
Newport, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,730 | 3.25% |
HATTIESBURG, MS (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,967 | 5.25% |
Greeneville, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,902 | 4.38% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,397 | 3.88% |
KNOXVILLE, TN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,320 | 4.69% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,275 | 4.94% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,203 | 4.50% |
MONTGOMERY, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,372 | 4.13% |
TULSA, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,633 | 4.56% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,180 | 4.63% |
Sanford, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,263 | 3.88% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,045 | 4.75% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,975 | 4.75% |
Lumberton, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,872 | 5.13% |
Duncan, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,807 | 4.88% |
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Product Mix
For 2019, Mortgage Lenders Investment Trading Corporation's most frequently originated type of loan was Conventional, with 1,552 originations. Their 2nd most popular type was FHA, with 1,389 originations.
Loan Reason
For 2019, Mortgage Lenders Investment Trading Corporation's most frequently cited loan purpose was Cash Out Refi, with 1,936 originations. The 2nd most popular reason was Home Purchase, with 768 originations.
Loan Duration/Length
For 2019, Mortgage Lenders Investment Trading Corporation's most frequently cited loan duration was 30 Year, with 3,068 originations. The 2nd most popular length was 15 Year, with 202 originations.
Origination Fees/Closing Costs
Mortgage Lenders Investment Trading Corporation's average total fees were $5,214, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,887 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 1,915 | $391,265,000 | $204,316 |
5-6% | 760 | $134,730,000 | $177,276 |
3-4% | 695 | $186,595,000 | $268,482 |
2.5-3% | 4 | $1,300,000 | $325,000 |
During 2019, Mortgage Lenders Investment Trading Corporation's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 1,915 originations.
Loan Sizing
2019 saw Mortgage Lenders Investment Trading Corporation place emphasis on $200k-400k loans with 1,559 originations, totaling $409,395,000 in origination value.
Applicant Income
Mortgage Lenders Investment Trading Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,040 originations. The second most popular income band? $75k-100k, with 711 originations.
Applicant Debt to Income Ratio
Mortgage Lenders Investment Trading Corporation lent most frequently to those with DTI ratios of 50-60%, with 621 originations. The next most common DTI ratio? 30-36%, with 484 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.47%
Mortgage Lenders Investment Trading Corporation has an average approval rate.
Pick Rate
Approvals leading to origination75.01%
Mortgage Lenders Investment Trading Corporation has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 3,374 | $713,890,000 | $211,586 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 3,374 | $713,890,000 | $211,586 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
MORTGAGE CLEARING CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
MORTGAGE CLEARING CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
MORTGAGE CLEARING CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |