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 small mortgage company specializing in Cash Out Refi, Refi, and Home Purchase 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 42 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% 4/28/24
    30 Year Conventional Refi 6.67% 4/28/24
    30 Year Cash-out Refi 7.02% 4/28/24
    30 Year FHA Purchase 7.58% 4/28/24
    30 Year FHA Refi 7.06% 4/28/24
    30 Year VA Purchase 6.66% 4/28/24
    30 Year VA Refi 5.94% 4/28/24
    30 Year USDA Purchase 7.03% 4/28/24
    15 Year Conventional Purchase 6.18% 4/28/24
    15 Year Conventional Refi 6.16% 4/28/24
    15 Year Cash-out Refi 6.16% 4/28/24
    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

    6,667

    Origination Dollar Volume (All Markets)

    $1,510,425,000
    Show all (25) 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) 1,713 $407,195,000 $237,709 $4,016 3.29%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1,106 $248,160,000 $224,376 $3,472 3.39%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 898 $196,470,000 $218,786 $5,205 3.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 492 $112,770,000 $229,207 $3,832 3.33%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 465 $90,205,000 $193,989 $3,735 3.38%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 345 $90,085,000 $261,116 $3,325 3.29%
    GAINESVILLE, FL (FHA|USDA|VA) 376 $88,640,000 $235,745 $5,534 3.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 307 $65,605,000 $213,697 $3,743 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 240 $58,550,000 $243,958 $3,504 3.31%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 134 $33,840,000 $252,537 $4,494 3.36%
    OCALA, FL (FHA|USDA|VA) 122 $21,560,000 $176,721 $4,192 3.39%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 82 $18,190,000 $221,829 $2,966 3.37%
    Outside of Metro Areas 64 $11,740,000 $183,438 $5,771 3.35%
    THE VILLAGES, FL (FHA|USDA|VA) 48 $11,140,000 $232,083 $3,747 3.20%
    PUNTA GORDA, FL (FHA|USDA|VA) 53 $10,595,000 $199,906 $4,393 3.36%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 51 $9,465,000 $185,588 $3,630 3.54%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 38 $7,600,000 $200,000 $3,701 3.40%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 18 $5,130,000 $285,000 $2,357 3.06%
    Lake City, FL (FHA|USDA|VA) 21 $4,135,000 $196,905 $4,532 3.31%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 22 $3,200,000 $145,455 $2,791 3.34%
    Palatka, FL (FHA|USDA|VA) 15 $2,645,000 $176,333 $5,412 3.77%
    Key West, FL (FHA|USDA|VA) 7 $2,615,000 $373,571 $8,471 2.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 8 $1,770,000 $221,250 $4,518 3.47%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,510,000 $251,667 $3,745 3.46%
    TULSA, OK (FHA|USDA|VA) 9 $1,345,000 $149,444 $1,919 3.31%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $985,000 $197,000 $5,892 4.25%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $975,000 $325,000 $3,911 3.71%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $595,000 $595,000 $20,104 2.75%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $500,000 $250,000 $4,988 3.38%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $440,000 $220,000 $4,203 3.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $360,000 $180,000 $4,871 3.19%
    Boone, NC (FHA|USDA|VA) 1 $335,000 $335,000 $7,824 3.38%
    Okeechobee, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,763 3.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $295,000 $295,000 $4,121 2.88%
    Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.88%
    WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $6,050 3.38%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $1,683 3.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,245 3.25%
    NEW BERN, NC (FHA|USDA|VA) 1 $175,000 $175,000 $1,936 3.25%
    Clewiston, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,685 4.25%
    Arcadia, FL (FHA|USDA|VA) 1 $155,000 $155,000 $915 3.25%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $115,000 $115,000 $4,493 3.38%
    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)
  • Oklahoma (FHA|USDA|VA)
  • Tennessee (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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    POWER FINANCIAL
    Similarity Rank: 768
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1048
    HARBORONE MORTGAGE, LLC
    Similarity Rank: 1280
    Allied First Bank,sb
    Similarity Rank: 1343
    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 1590
    We Florida Financial
    Similarity Rank: 1770
    SAN ANTONIO CITIZENS
    Similarity Rank: 1792
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1824
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1974

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,230 $1,180,500,000 $225,717 $3,237 3.32%
    FHA 1,038 $227,350,000 $219,027 $7,428 3.48%
    VA 359 $94,205,000 $262,409 $6,117 3.08%
    USDA 40 $8,370,000 $209,250 $7,278 3.28%

    For 2021, Mortgage Lenders Investment Trading Corporation's most frequently originated type of loan was Conventional, with 5,230 originations. Their 2nd most popular type was FHA, with 1,038 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 3,391 $748,755,000 $220,807 $3,843 3.45%
    Refi 2,024 $448,640,000 $221,660 $2,740 3.10%
    Home Purchase 1,252 $313,030,000 $250,024 $6,932 3.39%

    For 2021, Mortgage Lenders Investment Trading Corporation's most frequently cited loan purpose was Cash Out Refi, with 3,391 originations. The 2nd most popular reason was Refi, with 2,024 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,525 $1,263,445,000 $228,678 $4,288 3.41%
    15 Year 755 $161,605,000 $214,046 $3,117 2.87%
    20 Year 267 $60,355,000 $226,049 $3,029 3.10%
    Other 83 $16,835,000 $202,831 $3,321 3.27%
    10 Year 37 $8,185,000 $221,216 $3,320 2.68%

    For 2021, Mortgage Lenders Investment Trading Corporation's most frequently cited loan duration was 30 Year, with 5,525 originations. The 2nd most popular length was 15 Year, with 755 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,279 $524,755,000 $230,257
    $1k-2k 950 $218,810,000 $230,326
    $2k-3k 933 $190,845,000 $204,550
    $3k-4k 881 $181,385,000 $205,885
    $5k+ 877 $236,295,000 $269,436
    $4k-5k 571 $129,275,000 $226,401

    Mortgage Lenders Investment Trading Corporation's average total fees were $4,288, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,279 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,148 $913,120,000 $220,135
    2.5-3% 1,661 $405,435,000 $244,091
    4-5% 541 $112,405,000 $207,773
    <2.5% 309 $77,505,000 $250,825
    5-6% 4 $870,000 $217,500

    During 2021, Mortgage Lenders Investment Trading Corporation's average interest rate for loans was 3.41%, while their most frequently originated rate bucket for loans was 3-4%, with 4,148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,326 $889,650,000 $267,483 $4,625 3.28%
    $100k-200k 2,814 $441,360,000 $156,844 $3,372 3.37%
    $400k-600k 331 $155,375,000 $469,411 $5,025 3.21%
    $100,000 or less 184 $15,600,000 $84,783 $2,825 3.87%
    $600k-1MM 11 $7,315,000 $665,000 $6,962 3.36%
    $1MM+ 1 $1,125,000 $1,125,000 $14,869 3.50%

    2021 saw Mortgage Lenders Investment Trading Corporation place emphasis on $200k-400k loans with 3,326 originations, totaling $889,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,892 $378,640,000 $200,127 $4,273 3.36%
    $100k-150k 1,415 $372,545,000 $263,283 $3,959 3.32%
    $75k-100k 1,326 $307,100,000 $231,599 $4,233 3.32%
    $50k or less 1,251 $202,835,000 $162,138 $3,872 3.39%
    $150k-250k 621 $193,645,000 $311,828 $3,800 3.23%
    $250k+ 138 $49,980,000 $362,174 $4,399 3.14%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,892 originations. The second most popular income band? $100k-150k, with 1,415 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,260 $278,670,000 $221,167 $3,309 3.27%
    30-36% 1,121 $255,265,000 $227,712 $3,820 3.32%
    50-60% 432 $100,240,000 $232,037 $7,640 3.37%
    <20% 414 $90,360,000 $218,261 $3,040 3.12%
    44% 356 $84,390,000 $237,051 $4,004 3.43%
    43% 311 $68,715,000 $220,949 $3,908 3.47%
    39% 272 $61,930,000 $227,684 $3,977 3.34%
    40% 270 $61,990,000 $229,593 $4,097 3.37%
    42% 267 $59,915,000 $224,401 $3,978 3.37%
    41% 258 $58,250,000 $225,775 $4,098 3.41%
    36% 238 $53,610,000 $225,252 $4,117 3.36%
    37% 236 $54,190,000 $229,619 $3,927 3.37%
    38% 231 $52,565,000 $227,554 $3,628 3.32%
    45% 221 $50,425,000 $228,167 $4,184 3.41%
    49% 207 $45,645,000 $220,507 $4,616 3.33%
    48% 184 $42,140,000 $229,022 $4,561 3.39%
    46% 175 $41,395,000 $236,543 $4,409 3.36%
    47% 174 $40,700,000 $233,908 $4,480 3.40%
    >60% 13 $3,525,000 $271,154 $8,673 3.06%

    Mortgage Lenders Investment Trading Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,260 originations. The next most common DTI ratio? 30-36%, with 1,121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,291 $970,955,000 $226,277 $4,167 3.32%
    Not provided 2,024 $457,390,000 $225,983 $3,772 3.36%
    Black 221 $51,375,000 $232,466 $5,241 3.36%
    Asian 81 $20,055,000 $247,593 $4,155 3.15%
    American Indian 26 $5,280,000 $203,077 $3,735 3.31%
    Asian Indian 10 $2,320,000 $232,000 $4,971 3.58%
    Native Hawaiian or Islander 8 $1,750,000 $218,750 $5,916 3.44%
    Other Pacific Islander 2 $440,000 $220,000 $2,984 3.56%
    Filipino 1 $265,000 $265,000 $4,838 3.50%
    Other Asian 1 $235,000 $235,000 $8,084 3.38%
    Guamanian 1 $225,000 $225,000 $7,162 3.00%
    Native Hawaiian 1 $135,000 $135,000 $0 4.13%

    Approval Rates

    Total approvals of all applications
    96.60%

    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
    81.67%

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

    Points and Fees

    Points Originations Total Value Average Loan
    165.0 1 $85,000 $85,000
    NA 6,666 $1,510,340,000 $226,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,667 $1,510,425,000 $226,552

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 290 $46,130,000 $159,069 $2,473 3.29%
    40-60% 1,380 $266,390,000 $193,036 $2,671 3.22%
    60-80% 3,161 $740,255,000 $234,184 $3,768 3.36%
    80-100% 1,792 $445,110,000 $248,387 $5,817 3.37%
    Over 100% 30 $9,830,000 $327,667 $13,454 3.17%
    Under 20% 10 $1,620,000 $162,000 $1,003 3.43%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MORTGAGE CLEARING CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
    MORTGAGE CLEARING CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%