Mortgage Master Service Corporation Rates, Fees & Info

KENT, WA

LEI: 549300GJI4B01Z3NJL65

Tax ID: 91-1441009

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

Jump to:

  • 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 Master Service Corporation is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Mortgage Master Service Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Bremerton, Olympia, Oak Harbor, and Portland among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Master Service 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 Master Service 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.23% 12/16/24
    30 Year Conventional Refi 6.52% 12/16/24
    30 Year Cash-out Refi 6.72% 12/16/24
    30 Year FHA Purchase 7.71% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.12% 12/16/24
    30 Year VA Refi 6.14% 12/16/24
    15 Year Conventional Purchase 6.04% 12/16/24
    15 Year Conventional Refi 6.02% 12/16/24
    15 Year Cash-out Refi 6.02% 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 Master Service Corporation Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mortgage Master Service 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

    1,303

    Origination Dollar Volume (All Markets)

    $431,765,000

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1,112 $376,360,000 $338,453 $5,325 3.13%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 54 $15,730,000 $291,296 $5,418 3.39%
    Outside of Metro Areas 28 $10,180,000 $363,571 $7,608 3.11%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 34 $10,150,000 $298,529 $5,541 3.10%
    Oak Harbor, WA (FHA|USDA|VA) 11 $2,675,000 $243,182 $3,900 2.91%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $2,500,000 $312,500 $5,918 3.30%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 7 $2,295,000 $327,857 $4,335 3.39%
    Ellensburg, WA (FHA|USDA|VA) 4 $1,870,000 $467,500 $4,577 4.58%
    Aberdeen, WA (FHA|USDA|VA) 12 $1,850,000 $154,167 $5,638 3.54%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $1,445,000 $289,000 $3,722 2.90%
    Shelton, WA (FHA|USDA|VA) 6 $1,430,000 $238,333 $4,491 3.30%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,580 2.78%
    WENATCHEE, WA (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,749 3.75%
    Moses Lake, WA (FHA|USDA|VA) 4 $770,000 $192,500 $4,043 3.38%
    YAKIMA, WA (FHA|USDA|VA) 2 $590,000 $295,000 $5,324 3.19%
    BELLINGHAM, WA (FHA|USDA|VA) 3 $525,000 $175,000 $4,336 3.00%
    Centralia, WA (FHA|USDA|VA) 2 $450,000 $225,000 $7,231 3.75%
    Port Angeles, WA (FHA|USDA|VA) 1 $285,000 $285,000 $3,751 2.50%
    Pullman, WA (FHA|USDA|VA) 1 $215,000 $215,000 $6,402 4.00%
    Mortgage Master Service Corporation's top markets include Seattle, Bremerton, Olympia, Oak Harbor, and Portland among others.

    Their top states include:
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MORTGAGE MASTER SERVICE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    LOANSNAP, INC.
    Similarity Rank: 1106
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 1830
    O BEE
    Similarity Rank: 1965
    Kwik Mortgage Corporation
    Similarity Rank: 2670
    Shea Mortgage Inc.
    Similarity Rank: 4053
    CAMPOS FINANCIAL CORP.
    Similarity Rank: 4170
    Armed Forces Bank
    Similarity Rank: 4260
    SOUND
    Similarity Rank: 4420
    NorthWest Plus Credit Union
    Similarity Rank: 4608

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,098 $362,470,000 $330,118 $4,739 3.16%
    FHA 80 $29,380,000 $367,250 $11,804 3.52%
    FHA 67 $19,415,000 $289,776 $0 2.77%
    VA 56 $20,060,000 $358,214 $7,757 2.92%
    FHA 1 $205,000 $205,000 $0 4.56%
    USDA 1 $235,000 $235,000 $7,736 3.75%

    For 2020, Mortgage Master Service Corporation's most frequently originated type of loan was Conventional, with 1,098 originations. Their 2nd most popular type was FHA, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 516 $165,760,000 $321,240 $4,072 3.01%
    Cash Out Refi 409 $132,035,000 $322,824 $5,065 3.21%
    Home Purchase 359 $127,885,000 $356,226 $7,826 3.31%
    Home Improvement 19 $6,085,000 $320,263 $5,479 3.09%

    For 2020, Mortgage Master Service Corporation's most frequently cited loan purpose was Refi, with 516 originations. The 2nd most popular reason was Cash Out Refi, with 409 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,103 $373,875,000 $338,962 $5,547 3.21%
    15 Year 81 $23,715,000 $292,778 $3,854 2.76%
    Other 79 $23,065,000 $291,962 $3,476 2.82%
    20 Year 38 $10,770,000 $283,421 $4,046 3.14%
    10 Year 2 $340,000 $170,000 $2,650 2.63%

    For 2020, Mortgage Master Service Corporation's most frequently cited loan duration was 30 Year, with 1,103 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 507 $165,315,000 $326,065
    $2k-3k 249 $75,345,000 $302,590
    $3k-4k 172 $61,110,000 $355,291
    $5k+ 142 $66,900,000 $471,127
    $4k-5k 94 $34,320,000 $365,106
    $<1k 71 $9,155,000 $128,944

    Mortgage Master Service Corporation's average total fees were $5,547, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 507 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 546 $185,920,000 $340,513
    3-4% 539 $191,925,000 $356,076
    <2.5% 105 $32,245,000 $307,095
    4-5% 63 $19,335,000 $306,905
    5-6% 2 $220,000 $110,000
    % 2 $420,000 $210,000
    6-7% 1 $1,085,000 $1,085,000

    During 2020, Mortgage Master Service Corporation's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 546 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 759 $226,335,000 $298,202 $4,977 3.16%
    $400k-600k 299 $140,755,000 $470,753 $6,355 3.15%
    $100k-200k 131 $21,345,000 $162,939 $3,628 3.09%
    $100,000 or less 55 $1,335,000 $24,273 $2,804 2.84%
    $600k-1MM 54 $36,040,000 $667,407 $8,855 3.18%
    $1MM+ 5 $5,955,000 $1,191,000 $10,529 4.10%

    2020 saw Mortgage Master Service Corporation place emphasis on $200k-400k loans with 759 originations, totaling $226,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 366 $128,370,000 $350,738 $5,464 3.17%
    $50k-75k 258 $65,700,000 $254,651 $5,309 3.16%
    $150k-250k 252 $102,080,000 $405,079 $5,434 3.15%
    $75k-100k 220 $66,370,000 $301,682 $5,328 3.20%
    $50k or less 110 $25,970,000 $236,091 $4,228 2.94%
    $250k+ 73 $34,705,000 $475,411 $6,255 3.36%

    Mortgage Master Service Corporation lent most frequently to those with incomes in the $100k-150k range, with 366 originations. The second most popular income band? $50k-75k, with 258 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 319 $106,365,000 $333,433 $4,613 3.06%
    30-36% 240 $82,670,000 $344,458 $5,256 3.21%
    <20% 128 $40,110,000 $313,359 $4,377 2.94%
    40% 54 $17,710,000 $327,963 $5,263 3.31%
    44% 52 $16,190,000 $311,346 $6,262 3.43%
    49% 50 $14,110,000 $282,200 $6,714 3.40%
    39% 46 $16,320,000 $354,783 $6,160 3.28%
    42% 42 $14,930,000 $355,476 $6,161 3.26%
    43% 41 $12,595,000 $307,195 $5,626 3.18%
    38% 39 $13,445,000 $344,744 $5,391 3.26%
    37% 36 $13,080,000 $363,333 $5,729 3.18%
    46% 35 $10,945,000 $312,714 $6,399 3.21%
    41% 34 $10,550,000 $310,294 $6,188 3.30%
    36% 34 $11,870,000 $349,118 $4,444 3.26%
    45% 33 $10,315,000 $312,576 $5,620 3.10%
    47% 32 $11,730,000 $366,563 $8,729 3.23%
    48% 27 $8,205,000 $303,889 $6,542 3.27%
    50-60% 17 $5,665,000 $333,235 $11,296 2.88%
    >60% 6 $1,980,000 $330,000 $0 2.74%

    Mortgage Master Service Corporation lent most frequently to those with DTI ratios of 20-30%, with 319 originations. The next most common DTI ratio? 30-36%, with 240 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,051 $350,095,000 $333,107 $5,296 3.17%
    Not provided 104 $33,680,000 $323,846 $5,099 3.08%
    Asian 95 $31,845,000 $335,211 $5,586 3.12%
    Black 36 $10,890,000 $302,500 $7,256 2.93%
    American Indian 14 $4,380,000 $312,857 $6,252 3.13%
    Native Hawaiian or Islander 3 $875,000 $291,667 $6,203 3.75%

    Approval Rates

    Total approvals of all applications
    92.72%

    Mortgage Master Service Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    36.84%

    Mortgage Master Service Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,303 $431,765,000 $331,362

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 23 $5,575,000 $242,391
    Single Family (1-4 Units):Site-Built 1,280 $426,190,000 $332,961

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 105 $25,835,000 $246,048 $3,369 2.91%
    40-60% 333 $98,975,000 $297,222 $3,997 2.97%
    60-80% 493 $180,125,000 $365,365 $5,015 3.24%
    80-100% 300 $119,090,000 $396,967 $7,718 3.31%
    Over 100% 9 $3,705,000 $411,667 $15,399 3.22%
    Under 20% 59 $2,505,000 $42,458 $2,948 2.96%

    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 Trouble during payment process 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 Struggling to pay mortgage 1 25.0%