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 small mortgage company specializing in Refi and Cash Out Refi loans. Mortgage Lenders Investment Trading Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Orlando, Tampa, Deltona, Jacksonville, and Lakeland among others. We have data for 45 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% 4/21/24
    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

    6,759

    Origination Dollar Volume (All Markets)

    $1,498,155,000
    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) 2,248 $528,680,000 $235,178 $4,603 3.47%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1,166 $255,720,000 $219,314 $4,390 3.55%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 831 $170,115,000 $204,711 $5,658 3.58%
    JACKSONVILLE, FL (FHA|USDA|VA) 562 $129,050,000 $229,626 $4,211 3.58%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 435 $84,775,000 $194,885 $4,407 3.62%
    GAINESVILLE, FL (FHA|USDA|VA) 331 $74,885,000 $226,239 $5,185 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 306 $64,180,000 $209,739 $4,278 3.60%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 265 $63,485,000 $239,566 $4,080 3.44%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 116 $28,950,000 $249,569 $4,910 3.41%
    THE VILLAGES, FL (FHA|USDA|VA) 81 $17,155,000 $211,790 $3,741 3.49%
    OCALA, FL (FHA|USDA|VA) 96 $17,030,000 $177,396 $4,391 3.60%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 44 $10,410,000 $236,591 $5,100 3.42%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 44 $7,900,000 $179,545 $3,366 3.64%
    Outside of Metro Areas 35 $6,265,000 $179,000 $5,963 3.46%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 28 $5,670,000 $202,500 $4,717 3.49%
    Palatka, FL (FHA|USDA|VA) 23 $4,565,000 $198,478 $5,313 3.65%
    Lake City, FL (FHA|USDA|VA) 26 $4,350,000 $167,308 $4,208 3.55%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 22 $4,330,000 $196,818 $4,798 3.80%
    PUNTA GORDA, FL (FHA|USDA|VA) 22 $3,960,000 $180,000 $3,985 3.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $2,355,000 $261,667 $3,635 3.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 13 $2,145,000 $165,000 $2,900 3.84%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,335,000 $267,000 $1,534 3.68%
    Key West, FL (FHA|USDA|VA) 3 $1,205,000 $401,667 $5,046 3.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $1,195,000 $170,714 $4,746 3.93%
    TULSA, OK (FHA|USDA|VA) 7 $1,045,000 $149,286 $4,150 3.80%
    TALLAHASSEE, FL (FHA|USDA|VA) 4 $890,000 $222,500 $4,426 2.97%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $745,000 $248,333 $3,398 3.46%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $660,000 $330,000 $2,853 4.56%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $645,000 $215,000 $3,678 3.58%
    Greeneville, TN (FHA|USDA|VA) 3 $505,000 $168,333 $2,982 2.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $465,000 $465,000 $3,467 3.63%
    Clewiston, FL (FHA|USDA|VA) 1 $415,000 $415,000 $3,736 2.75%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $390,000 $195,000 $4,287 3.69%
    Arcadia, FL (FHA|USDA|VA) 3 $385,000 $128,333 $4,561 3.71%
    JACKSON, TN (FHA|USDA|VA) 2 $310,000 $155,000 $5,179 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,421 3.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,157 3.63%
    Cullowhee, NC (FHA|USDA|VA) 1 $245,000 $245,000 $6,161 2.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $245,000 $245,000 $2,059 4.25%
    Wilson, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,857 3.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,951 2.88%
    Wauchula, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,031 3.00%
    Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,932 4.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $135,000 $135,000 $3,295 2.75%
    Washington, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.88%
    Mortgage Lenders Investment Trading Corporation's top markets include Orlando, Tampa, Deltona, Jacksonville, and Lakeland among others.

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

    DADE COUNTY FEDERAL CREDIT UNION
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    METROPLEX MORTGAGE SERVICES, INC.
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    We Florida Financial
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    POWER FINANCIAL
    Similarity Rank: 870
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 890
    HARBORONE MORTGAGE, LLC
    Similarity Rank: 935
    THE MONEY HOUSE INC.
    Similarity Rank: 946
    SAN ANTONIO CITIZENS
    Similarity Rank: 1170
    NEAL COMMUNITIES FUNDING, LLC
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    Allied First Bank,sb
    Similarity Rank: 1312

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,126 $1,144,140,000 $223,203 $3,794 3.48%
    FHA 1,111 $227,175,000 $204,478 $7,655 3.76%
    VA 476 $118,410,000 $248,761 $6,217 3.40%
    USDA 46 $8,430,000 $183,261 $6,566 3.42%

    For 2020, Mortgage Lenders Investment Trading Corporation's most frequently originated type of loan was Conventional, with 5,126 originations. Their 2nd most popular type was FHA, with 1,111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,844 $658,370,000 $231,494 $3,671 3.31%
    Cash Out Refi 2,678 $566,630,000 $211,587 $4,640 3.68%
    Home Purchase 1,237 $273,155,000 $220,821 $6,814 3.65%

    For 2020, Mortgage Lenders Investment Trading Corporation's most frequently cited loan purpose was Refi, with 2,844 originations. The 2nd most popular reason was Cash Out Refi, with 2,678 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,586 $1,232,940,000 $220,720 $4,766 3.60%
    15 Year 774 $169,070,000 $218,437 $3,955 3.04%
    20 Year 228 $57,170,000 $250,746 $4,282 3.37%
    Other 125 $28,125,000 $225,000 $3,553 3.39%
    10 Year 46 $10,850,000 $235,870 $3,515 2.84%

    For 2020, Mortgage Lenders Investment Trading Corporation's most frequently cited loan duration was 30 Year, with 5,586 originations. The 2nd most popular length was 15 Year, with 774 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,799 $412,895,000 $229,514
    $2k-3k 1,315 $258,675,000 $196,711
    $3k-4k 1,177 $246,295,000 $209,257
    $1k-2k 1,058 $221,470,000 $209,329
    $4k-5k 713 $169,355,000 $237,525
    $5k+ 634 $179,500,000 $283,123

    Mortgage Lenders Investment Trading Corporation's average total fees were $4,766, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,799 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,880 $877,390,000 $226,131
    2.5-3% 1,447 $346,235,000 $239,278
    4-5% 1,186 $214,700,000 $181,029
    <2.5% 200 $50,470,000 $252,350
    5-6% 45 $9,035,000 $200,778
    7-8% 1 $325,000 $325,000

    During 2020, Mortgage Lenders Investment Trading Corporation's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 3-4%, with 3,880 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,380 $896,110,000 $265,121 $5,176 3.40%
    $100k-200k 2,914 $459,690,000 $157,752 $3,962 3.63%
    $400k-600k 275 $124,845,000 $453,982 $5,587 3.35%
    $100,000 or less 188 $16,220,000 $86,277 $3,403 4.10%
    $600k-1MM 2 $1,290,000 $645,000 $8,304 3.50%

    2020 saw Mortgage Lenders Investment Trading Corporation place emphasis on $200k-400k loans with 3,380 originations, totaling $896,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,875 $369,425,000 $197,027 $4,755 3.56%
    $100k-150k 1,521 $394,065,000 $259,083 $4,639 3.44%
    $75k-100k 1,335 $300,825,000 $225,337 $4,793 3.52%
    $50k or less 1,218 $193,940,000 $159,228 $4,351 3.64%
    $150k-250k 602 $179,320,000 $297,874 $4,524 3.39%
    $250k+ 118 $39,840,000 $337,627 $4,540 3.26%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,875 originations. The second most popular income band? $100k-150k, with 1,521 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,355 $306,285,000 $226,041 $4,079 3.41%
    30-36% 1,181 $255,955,000 $216,727 $4,379 3.51%
    <20% 433 $95,025,000 $219,457 $3,444 3.24%
    50-60% 424 $93,780,000 $221,179 $7,914 3.72%
    44% 331 $73,275,000 $221,375 $4,625 3.65%
    42% 288 $62,080,000 $215,556 $4,758 3.51%
    43% 283 $62,115,000 $219,488 $4,326 3.60%
    41% 254 $57,080,000 $224,724 $4,496 3.59%
    38% 237 $52,875,000 $223,101 $4,666 3.52%
    40% 234 $53,090,000 $226,880 $4,424 3.53%
    36% 233 $52,725,000 $226,288 $4,293 3.54%
    39% 233 $52,095,000 $223,584 $4,586 3.56%
    49% 227 $49,965,000 $220,110 $5,182 3.61%
    37% 218 $48,220,000 $221,193 $4,369 3.56%
    45% 197 $42,775,000 $217,132 $4,966 3.63%
    47% 180 $38,930,000 $216,278 $4,825 3.59%
    48% 171 $38,395,000 $224,532 $4,932 3.54%
    46% 159 $34,675,000 $218,082 $5,483 3.59%
    >60% 18 $5,230,000 $290,556 $7,356 3.63%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,355 originations. The next most common DTI ratio? 30-36%, with 1,181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,593 $1,016,545,000 $221,325 $4,608 3.53%
    Not provided 1,826 $405,630,000 $222,141 $4,536 3.49%
    Black 204 $43,670,000 $214,069 $5,696 3.55%
    Asian 89 $21,725,000 $244,101 $5,103 3.32%
    American Indian 24 $5,170,000 $215,417 $4,992 3.79%
    Asian Indian 8 $2,030,000 $253,750 $4,785 3.39%
    Native Hawaiian or Islander 4 $810,000 $202,500 $4,199 3.03%
    Vietnamese 3 $695,000 $231,667 $2,258 4.29%
    Other Pacific Islander 2 $540,000 $270,000 $685 2.75%
    Filipino 2 $410,000 $205,000 $4,028 3.50%
    Other Asian 1 $365,000 $365,000 $3,085 3.13%
    Native Hawaiian 1 $235,000 $235,000 $1,688 3.13%
    Guamanian 1 $225,000 $225,000 $5,151 3.00%
    Korean 1 $105,000 $105,000 $3,183 3.88%

    Approval Rates

    Total approvals of all applications
    97.00%

    Mortgage Lenders Investment Trading Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.06%

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

    Points and Fees

    Points Originations Total Value Average Loan
    3499.5 1 $145,000 $145,000
    NA 6,758 $1,498,010,000 $221,665

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 29 $3,505,000 $120,862
    Single Family (1-4 Units):Site-Built 6,730 $1,494,650,000 $222,088

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 189 $32,655,000 $172,778 $2,998 3.42%
    40-60% 1,040 $202,600,000 $194,808 $3,357 3.34%
    60-80% 3,174 $710,210,000 $223,759 $4,158 3.52%
    80-100% 2,304 $539,980,000 $234,366 $5,894 3.60%
    Over 100% 39 $10,055,000 $257,821 $8,868 3.49%
    Under 20% 4 $490,000 $122,500 $2,442 3.53%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MORTGAGE CLEARING CORPORATION Conventional home mortgage Incorrect information on your report 1 25.0%
    MORTGAGE CLEARING CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    MORTGAGE CLEARING CORPORATION Conventional home mortgage Trouble during payment process 1 25.0%
    MORTGAGE CLEARING CORPORATION Conventional home mortgage Struggling to pay mortgage 1 25.0%