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™
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    • 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, 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.

    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% 4/14/24
    30 Year Conventional Refi 6.67% 4/14/24
    30 Year Cash-out Refi 7.02% 4/14/24
    30 Year FHA Purchase 7.58% 4/14/24
    30 Year FHA Refi 7.06% 4/14/24
    30 Year VA Purchase 6.66% 4/14/24
    30 Year VA Refi 5.94% 4/14/24
    30 Year USDA Purchase 7.03% 4/14/24
    15 Year Conventional Purchase 6.18% 4/14/24
    15 Year Conventional Refi 6.16% 4/14/24
    15 Year Cash-out Refi 6.16% 4/14/24
    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

    3,374

    Origination Dollar Volume (All Markets)

    $713,890,000
    Show all (15) 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) 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%
    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)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Mississippi (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.

    POWER FINANCIAL
    Similarity Rank: 188
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 216
    McCoy Federal Credit Union
    Similarity Rank: 342
    We Florida Financial
    Similarity Rank: 572
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 755
    ADDITION FINANCIAL
    Similarity Rank: 910
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 927
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 940
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1056
    JAX
    Similarity Rank: 1078

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,552 $339,080,000 $218,479 $3,855 4.60%
    FHA 1,389 $269,115,000 $193,747 $6,192 4.66%
    VA 430 $105,170,000 $244,581 $6,359 4.37%
    USDA 3 $525,000 $175,000 $3,811 4.46%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,936 $385,070,000 $198,900 $5,320 4.72%
    Home Purchase 768 $167,900,000 $218,620 $5,579 4.60%
    Refi 670 $160,920,000 $240,179 $4,096 4.24%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,068 $645,200,000 $210,300 $5,214 4.64%
    15 Year 202 $44,530,000 $220,446 $4,066 4.11%
    20 Year 74 $18,160,000 $245,405 $5,029 4.20%
    Other 23 $4,495,000 $195,435 $4,720 4.53%
    10 Year 7 $1,505,000 $215,000 $3,386 4.02%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,887 $404,405,000 $214,311
    $2k-3k 443 $80,135,000 $180,892
    $1k-2k 376 $70,440,000 $187,340
    $3k-4k 321 $68,025,000 $211,916
    $5k+ 184 $53,480,000 $290,652
    $4k-5k 148 $34,460,000 $232,838

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,559 $409,395,000 $262,601 $5,972 4.39%
    $100k-200k 1,534 $237,800,000 $155,020 $4,392 4.78%
    $100,000 or less 170 $14,840,000 $87,294 $3,267 5.04%
    $400k-600k 104 $46,970,000 $451,635 $6,193 4.21%
    $600k-1MM 7 $4,885,000 $697,857 $11,106 4.23%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,040 $196,960,000 $189,385 $5,150 4.65%
    $75k-100k 711 $158,995,000 $223,622 $5,426 4.56%
    $50k or less 691 $102,035,000 $147,663 $4,389 4.77%
    $100k-150k 663 $170,025,000 $256,448 $5,485 4.49%
    $150k-250k 201 $61,395,000 $305,448 $5,654 4.33%
    $250k+ 48 $18,650,000 $388,542 $4,833 4.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 621 $127,655,000 $205,564 $6,310 4.64%
    30-36% 484 $101,100,000 $208,884 $4,717 4.53%
    20-30% 433 $94,765,000 $218,857 $4,794 4.47%
    44% 159 $32,805,000 $206,321 $4,947 4.70%
    49% 156 $32,930,000 $211,090 $5,196 4.65%
    42% 145 $30,745,000 $212,034 $5,029 4.73%
    43% 137 $29,865,000 $217,993 $5,229 4.57%
    41% 132 $26,810,000 $203,106 $4,134 4.72%
    46% 122 $25,610,000 $209,918 $5,181 4.60%
    47% 119 $25,695,000 $215,924 $5,166 4.67%
    40% 114 $23,900,000 $209,649 $4,913 4.72%
    38% 114 $23,890,000 $209,561 $4,844 4.60%
    48% 110 $23,290,000 $211,727 $5,348 4.56%
    45% 109 $22,605,000 $207,385 $5,089 4.68%
    39% 105 $22,555,000 $214,810 $4,930 4.71%
    <20% 99 $22,425,000 $226,515 $4,013 4.36%
    37% 94 $19,360,000 $205,957 $4,885 4.58%
    36% 88 $19,170,000 $217,841 $4,913 4.58%
    >60% 9 $2,005,000 $222,778 $6,492 4.60%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,330 $494,100,000 $212,060 $4,932 4.61%
    Not provided 825 $174,315,000 $211,291 $5,601 4.54%
    Black 151 $31,085,000 $205,861 $5,804 4.61%
    Asian 39 $8,985,000 $230,385 $5,056 4.48%
    American Indian 15 $2,745,000 $183,000 $5,131 4.83%
    Other Asian 4 $710,000 $177,500 $4,118 4.91%
    Asian Indian 3 $605,000 $201,667 $4,341 5.25%
    Other Pacific Islander 3 $555,000 $185,000 $4,810 5.21%
    2 $430,000 $215,000 $6,057 4.00%
    Native Hawaiian or Islander 2 $360,000 $180,000 $3,681 4.75%

    Approval Rates

    Total approvals of all applications
    94.47%

    Mortgage Lenders Investment Trading Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.01%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $9,290,000 $129,028 $3,680 4.81%
    40-60% 304 $50,210,000 $165,164 $3,694 4.68%
    60-80% 1,208 $252,790,000 $209,263 $4,481 4.62%
    80-100% 1,769 $396,655,000 $224,226 $5,855 4.55%
    Over 100% 15 $3,885,000 $259,000 $9,416 4.52%
    Under 20% 2 $180,000 $90,000 $2,455 5.31%

    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%