The Mortgage Company Rates, Fees & Info

CENTENNIAL, CO

LEI: 549300NB6LOZ96BDSU42

Tax ID: 84-1347792

5 stars - out of 5 stars, based on 30 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    The Mortgage Company is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. The Mortgage Company 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: Denver, Portland, Cañon City, Greeley, and Edwards among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Mortgage Company 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. The Mortgage Company 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
    30 Year Conventional Purchase 6.16% 10/3/22
    30 Year Conventional Refi 6.46% 10/3/22
    30 Year Cash-out Refi 6.60% 10/3/22
    30 Year FHA Purchase 7.52% 10/3/22
    30 Year FHA Refi 6.91% 10/3/22
    30 Year VA Purchase 6.31% 10/3/22
    30 Year VA Refi 6.01% 10/3/22
    30 Year USDA Purchase 6.01% 10/3/22
    30 Year USDA Refi 6.56% 10/3/22
    15 Year Conventional Purchase 6.20% 10/3/22
    15 Year Conventional Refi 6.21% 10/3/22
    15 Year Cash-out Refi 6.21% 10/3/22
    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.


    Originations

    893

    Origination Dollar Volume (All Markets)

    $296,085,000

    Awards

    THE MORTGAGE COMPANY USDA Loans gold THE MORTGAGE COMPANY USDA Loans gold THE MORTGAGE COMPANY USDA Loans bronze
    Show all (3) awards

    Relative Rate

    The Mortgage Company's average 30 year fixed mortgage rate was 2.89%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.26%.

    Relative Fees (Closing Costs)

    The Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $5,365.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 431 $155,165,000 $360,012 $4,509 2.95%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 110 $47,830,000 $434,818 $7,991 2.99%
    Cañon City, CO (FHA|USDA|VA) 206 $43,060,000 $209,029 $5,237 2.53%
    Outside of Metro Areas 27 $8,085,000 $299,444 $4,412 2.94%
    GREELEY, CO (FHA|USDA|VA) 18 $6,340,000 $352,222 $4,249 2.83%
    Edwards, CO (FHA|USDA|VA) 10 $5,280,000 $528,000 $3,493 3.08%
    PUEBLO, CO (FHA|USDA|VA) 22 $5,140,000 $233,636 $5,167 2.43%
    BOULDER, CO (FHA|USDA|VA) 13 $4,355,000 $335,000 $3,266 2.97%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 14 $4,100,000 $292,857 $5,405 2.81%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $2,390,000 $1,195,000 $4,890 2.81%
    FORT COLLINS, CO (FHA|USDA|VA) 6 $1,980,000 $330,000 $4,461 2.77%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,910,000 $318,333 $5,125 2.98%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,580,000 $790,000 $11,017 3.06%
    Durango, CO (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,338 2.92%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $1,170,000 $585,000 $7,861 3.31%
    Newport, OR (FHA|USDA|VA) 3 $1,135,000 $378,333 $7,369 3.21%
    BEND, OR (FHA|USDA|VA) 2 $930,000 $465,000 $11,376 3.25%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $860,000 $430,000 $9,139 3.00%
    SALEM, OR (FHA|USDA|VA) 2 $760,000 $380,000 $8,690 3.00%
    Astoria, OR (FHA|USDA|VA) 2 $730,000 $365,000 $8,840 3.06%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,192 3.19%
    MEDFORD, OR (FHA|USDA|VA) 1 $375,000 $375,000 $4,767 2.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,420 3.31%
    WENATCHEE, WA (FHA|USDA|VA) 1 $285,000 $285,000 $4,877 3.13%
    LONGVIEW, WA (FHA|USDA|VA) 1 $245,000 $245,000 $3,521 3.13%
    Roseburg, OR (FHA|USDA|VA) 1 $175,000 $175,000 $4,274 3.13%
    Sterling, CO (FHA|USDA|VA) 1 $115,000 $115,000 $3,073 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,616 3.63%

    The Mortgage Company's top markets include Denver, Portland, Cañon City, Greeley, and Edwards among others.

    Similar Lenders

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

    SunWest Credit Union
    Similarity Rank: 120
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    Bank of the Pacific
    Similarity Rank: 1218
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    DENVER COMMUNITY
    Similarity Rank: 1540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 748 $253,500,000 $338,904 $4,489 2.87%
    FHA 66 $19,300,000 $292,424 $10,646 2.98%
    VA 39 $15,665,000 $401,667 $8,693 2.71%
    USDA 39 $7,585,000 $194,487 $5,372 2.24%
    HELOC 1 $35,000 $35,000 n/a 5.75%

    For 2021, The Mortgage Company's most frequently originated type of loan was Conventional, with 748 originations. Their 2nd most popular type was FHA, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 458 $156,650,000 $342,031 $5,697 2.73%
    Refi 238 $76,370,000 $320,882 $4,262 2.89%
    Cash Out Refi 197 $63,065,000 $320,127 $5,023 3.07%

    For 2021, The Mortgage Company's most frequently cited loan purpose was Home Purchase, with 458 originations. The 2nd most popular reason was Refi, with 238 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 804 $276,250,000 $343,595 $5,365 2.89%
    15 Year 61 $13,095,000 $214,672 $3,540 2.43%
    20 Year 20 $5,230,000 $261,500 $3,066 2.96%
    10 Year 4 $790,000 $197,500 $3,479 2.28%
    3 Year 2 $20,000 $10,000 $13 0.00%
    Other 2 $700,000 $350,000 $4,856 2.94%

    For 2021, The Mortgage Company's most frequently cited loan duration was 30 Year, with 804 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 389 $134,995,000 $347,031
    $2k-3k 142 $41,430,000 $291,761
    $5k+ 108 $52,350,000 $484,722
    $3k-4k 102 $29,300,000 $287,255
    $<1k 85 $13,375,000 $157,353
    $4k-5k 66 $24,600,000 $372,727

    The Mortgage Company's average total fees were $5,365, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 389 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 392 $141,450,000 $360,842
    3-4% 357 $127,915,000 $358,305
    <2.5% 139 $25,285,000 $181,906
    4-5% 4 $1,400,000 $350,000
    5-6% 1 $35,000 $35,000

    During 2021, The Mortgage Company's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 392 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 409 $122,135,000 $298,619 $5,417 3.04%
    $400k-600k 243 $117,745,000 $484,547 $5,908 3.03%
    $100k-200k 138 $21,870,000 $158,478 $4,165 2.86%
    $100,000 or less 65 $1,945,000 $29,923 $791 0.85%
    $600k-1MM 29 $21,205,000 $731,207 $9,188 3.08%
    $1MM+ 9 $11,185,000 $1,242,778 $7,335 3.07%

    2021 saw The Mortgage Company place emphasis on $200k-400k loans with 409 originations, totaling $122,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 231 $55,665,000 $240,974 $4,933 2.65%
    $75k-100k 190 $57,750,000 $303,947 $5,080 2.93%
    $100k-150k 179 $69,735,000 $389,581 $5,399 3.02%
    $150k-250k 138 $64,340,000 $466,232 $5,449 3.01%
    $50k or less 113 $22,765,000 $201,460 $4,736 2.60%
    $250k+ 37 $23,925,000 $646,622 $6,302 3.08%

    The Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 231 originations. The second most popular income band? $75k-100k, with 190 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 176 $60,150,000 $341,761 $4,799 2.92%
    30-36% 164 $59,870,000 $365,061 $5,473 2.95%
    <20% 77 $25,735,000 $334,221 $4,326 2.84%
    44% 42 $13,510,000 $321,667 $5,068 2.98%
    43% 40 $12,050,000 $301,250 $5,138 2.87%
    42% 39 $12,815,000 $328,590 $4,830 2.97%
    45% 39 $13,225,000 $339,103 $5,526 2.81%
    40% 38 $10,670,000 $280,789 $4,620 2.81%
    49% 38 $11,150,000 $293,421 $5,323 2.58%
    48% 32 $8,250,000 $257,813 $5,316 2.41%
    46% 29 $10,555,000 $363,966 $6,249 2.78%
    47% 29 $10,095,000 $348,103 $5,525 2.95%
    37% 28 $8,510,000 $303,929 $5,073 3.01%
    36% 28 $8,620,000 $307,857 $5,056 2.71%
    38% 25 $7,305,000 $292,200 $4,493 2.85%
    41% 25 $9,475,000 $379,000 $5,951 2.83%
    39% 24 $8,620,000 $359,167 $5,506 2.80%
    50-60% 20 $5,480,000 $274,000 $7,506 2.27%

    The Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 176 originations. The next most common DTI ratio? 30-36%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 728 $245,440,000 $337,143 $5,147 2.87%
    Not provided 132 $37,250,000 $282,197 $5,115 2.71%
    Asian 18 $7,820,000 $434,444 $5,761 2.99%
    Black 7 $2,515,000 $359,286 $4,172 2.84%
    American Indian 6 $1,990,000 $331,667 $5,057 2.71%
    Native Hawaiian or Islander 2 $1,070,000 $535,000 $14,416 3.19%

    Approval Rates

    Total approvals of all applications
    94.29%

    The Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.01%

    The Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    807.0 1 $35,000 $35,000
    NA 892 $296,050,000 $331,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    893 $296,085,000 $331,562

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $11,905,000 $201,780 $3,390 2.81%
    40-60% 156 $45,330,000 $290,577 $4,015 2.89%
    60-80% 301 $119,205,000 $396,030 $5,230 3.09%
    80-100% 316 $115,760,000 $366,329 $6,689 3.02%
    Over 100% 4 $1,550,000 $387,500 $15,490 2.78%
    Under 20% 57 $2,335,000 $40,965 $583 0.53%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    THE MORTGAGE EXPERTS LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%