Members Mortgage Services Rates, Fees & Info
Hutchinson, KSLEI: 549300JMT2KAYN9PTX82
Tax ID: 36-4548399
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Members Mortgage Services is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Members Mortgage Services has an average proportion of conventional loans. Their top markets include Wichita, Hutchinson, Topeka, Kansas City, and Springfield among others. Members Mortgage Services has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Members Mortgage Services is typically an average fee lendor.Originations
148Origination Dollar Volume (All Markets)
$23,270,000Awards
Members Mortgage Services - 2021
Members Mortgage Services is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Members Mortgage Services ?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Members Mortgage Services 's average 30 year fixed rate mortgage of loans were
2.8%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.35%.
Relative Fees
Members Mortgage Services 's average total fees for a 30 year fixed rate
mortgage are $4,316.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 46 | $8,050,000 | $175,000 | $4,444 | 2.79% |
| Hutchinson, KS (FHA|USDA|VA) | 24 | $3,370,000 | $140,417 | $4,367 | 2.74% |
| TOPEKA, KS (FHA|USDA|VA) | 10 | $1,740,000 | $174,000 | $5,070 | 2.68% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $1,730,000 | $173,000 | $4,383 | 2.64% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $4,394 | 2.88% |
| Dodge City, KS (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $4,643 | 2.77% |
| Outside of Metro Areas | 11 | $1,035,000 | $94,091 | $2,986 | 2.93% |
| MANHATTAN, KS (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $2,358 | 2.72% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,183 | 2.80% |
| Emporia, KS (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $3,501 | 3.00% |
| Pittsburg, KS (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $4,769 | 2.75% |
| McPherson, KS (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,400 | 3.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,233 | 2.75% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,913 | 2.13% |
| Salina, KS (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,395 | 2.94% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,987 | 2.63% |
| Poplar Bluff, MO (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,055 | 3.25% |
| Branson, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,971 | 2.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,859 | 2.75% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,576 | 3.38% |
| Great Bend, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,582 | 3.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,779 | 2.75% |
Members Mortgage Services 's top markets include Wichita, Hutchinson, Topeka, Kansas City, and Springfield among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| FHA | 102 | $16,250,000 | $159,314 | $4,473 | 2.76% |
| VA | 17 | $3,155,000 | $185,588 | $5,361 | 2.65% |
| USDA | 16 | $1,920,000 | $120,000 | $3,250 | 3.11% |
| Conventional | 13 | $1,945,000 | $149,615 | $2,110 | 2.88% |
For the 2021 period, Members Mortgage Services 's most frequently originated loan type of loans were FHA, with 102 originations. Their 2nd most popular type is VA, with 17 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 129 | $20,415,000 | $158,256 | $4,375 | 2.80% |
| Cash Out Refi | 9 | $1,585,000 | $176,111 | $4,337 | 2.81% |
| Other | 4 | $510,000 | $127,500 | $2,309 | 2.69% |
| Refi | 4 | $490,000 | $122,500 | $2,565 | 2.56% |
| Home Improvement | 2 | $270,000 | $135,000 | $1,975 | 2.75% |
For the 2021, Members Mortgage Services 's most frequently cited loan purpose of loans were Home Purchase, with 129 originations. The 2nd most popular reason of loans were Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 139 | $22,255,000 | $160,108 | $4,316 | 2.80% |
| 15 Year | 7 | $825,000 | $117,857 | $3,164 | 2.70% |
| 20 Year | 2 | $190,000 | $95,000 | $2,411 | 2.94% |
For the 2021, Members Mortgage Services 's most frequently cited loan length of loans were 30 Year, with 139 originations. The 2nd most popular length of loans were 15 Year, with 7 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 124 | $18,380,000 | $148,226 |
| $1k-2k | 18 | $3,250,000 | $180,556 |
| $2k-3k | 6 | $1,640,000 | $273,333 |
$4,316 of loans were Members Mortgage Services 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 124 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 105 | $16,515,000 | $157,286 |
| <2.5% | 23 | $3,885,000 | $168,913 |
| 3-4% | 20 | $2,870,000 | $143,500 |
During 2021, Members Mortgage Services 's average interest rate of loans were 2.80%, while their most frequently originated rate bucket of loans were 2.5-3%, with 105 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 85 | $12,725,000 | $149,706 | $4,055 | 2.76% |
| $100,000 or less | 34 | $2,680,000 | $78,824 | $2,805 | 2.86% |
| $200k-400k | 28 | $7,450,000 | $266,071 | $6,527 | 2.84% |
| $400k-600k | 1 | $415,000 | $415,000 | $4,047 | 2.50% |
2021 saw Members Mortgage Services place emphasis on $100k-200k loans with 85 originations, totaling $12,725,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 64 | $7,580,000 | $118,438 | $3,537 | 2.79% |
| $50k-75k | 48 | $7,680,000 | $160,000 | $4,406 | 2.79% |
| $100k-150k | 17 | $3,925,000 | $230,882 | $5,476 | 2.87% |
| $75k-100k | 15 | $2,845,000 | $189,667 | $5,223 | 2.82% |
| $150k-250k | 4 | $1,240,000 | $310,000 | $4,388 | 2.59% |
Members Mortgage Services lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $50k-75k, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 49 | $7,865,000 | $160,510 | $4,207 | 2.83% |
| 30-36% | 25 | $3,395,000 | $135,800 | $4,278 | 2.86% |
| 20-30% | 15 | $2,485,000 | $165,667 | $3,507 | 2.69% |
| 50-60% | 6 | $900,000 | $150,000 | $4,504 | 2.79% |
| 38% | 6 | $950,000 | $158,333 | $4,251 | 2.83% |
| 41% | 6 | $1,110,000 | $185,000 | $5,068 | 2.75% |
| 47% | 5 | $1,095,000 | $219,000 | $4,327 | 2.55% |
| 37% | 4 | $600,000 | $150,000 | $4,126 | 2.75% |
| 39% | 4 | $490,000 | $122,500 | $3,264 | 3.03% |
| 42% | 4 | $940,000 | $235,000 | $6,195 | 2.75% |
| 43% | 4 | $760,000 | $190,000 | $6,754 | 2.84% |
| 45% | 3 | $475,000 | $158,333 | $4,157 | 3.00% |
| 40% | 3 | $425,000 | $141,667 | $5,088 | 2.71% |
| 44% | 3 | $335,000 | $111,667 | $3,713 | 2.50% |
| 46% | 2 | $260,000 | $130,000 | $1,969 | 2.56% |
| 36% | 2 | $200,000 | $100,000 | $2,150 | 2.69% |
| 49% | 2 | $310,000 | $155,000 | $4,850 | 2.75% |
| 48% | 1 | $125,000 | $125,000 | $5,293 | 2.63% |
Members Mortgage Services lent most frequently to those with DTI ratios of <20%, with 49 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 126 | $19,200,000 | $152,381 | $4,086 | 2.80% |
| Not provided | 17 | $3,125,000 | $183,824 | $5,054 | 2.79% |
| Black | 3 | $555,000 | $185,000 | $4,733 | 2.54% |
| Asian | 1 | $215,000 | $215,000 | $6,328 | 3.00% |
| American Indian | 1 | $175,000 | $175,000 | $5,589 | 2.75% |
Approval Rates
Total approvals of all applications98.01%
Members Mortgage Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination43.22%
Members Mortgage Services 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 | 148 | $23,270,000 | $157,230 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 148 | $23,270,000 | $157,230 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 2 | $330,000 | $165,000 | $2,213 | 3.38% |
| 60-80% | 8 | $1,340,000 | $167,500 | $4,185 | 2.75% |
| 80-100% | 125 | $19,475,000 | $155,800 | $4,098 | 2.79% |
| Over 100% | 8 | $1,380,000 | $172,500 | $7,074 | 2.73% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBERS MORTGAGE COMPANY, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
