The Mortgage Company Rates, Fees & Info
CENTENNIAL, COLEI: 549300NB6LOZ96BDSU42
Tax ID: 84-1347792
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Mortgage Data
Review & Overview
The Mortgage Company is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and 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, Cañon City, Portland, Colorado Springs, and Fort Collins among others. We have data for 24 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.29% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 6.78% | 11/17/24 |
| 30 Year FHA Purchase | 7.52% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.42% | 11/17/24 |
| 30 Year USDA Purchase | 5.88% | 11/17/24 |
| 15 Year Conventional Purchase | 6.14% | 11/17/24 |
| 15 Year Conventional Refi | 6.42% | 11/17/24 |
| 15 Year Cash-out Refi | 6.42% | 11/17/24 |
| 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. | ||
The Mortgage Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
718Origination Dollar Volume (All Markets)
$209,960,000Awards
THE MORTGAGE COMPANY - 2019
THE MORTGAGE COMPANY is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 387 | $133,605,000 | $345,233 | $5,097 | 4.11% |
| Cañon City, CO (FHA|USDA|VA) | 161 | $26,165,000 | $162,516 | $5,580 | 3.73% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 70 | $24,090,000 | $344,143 | $7,965 | 4.15% |
| Outside of Metro Areas | 25 | $5,095,000 | $203,800 | $5,169 | 4.02% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 14 | $3,700,000 | $264,286 | $7,742 | 3.55% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $2,710,000 | $338,750 | $5,953 | 4.17% |
| PUEBLO, CO (FHA|USDA|VA) | 12 | $2,070,000 | $172,500 | $5,663 | 3.41% |
| Edwards, CO (FHA|USDA|VA) | 4 | $2,010,000 | $502,500 | $6,836 | 3.94% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $6,522 | 4.53% |
| BOULDER, CO (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $3,187 | 4.28% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $4,968 | 4.17% |
| BEND, OR (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $8,655 | 4.21% |
| SALEM, OR (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $8,744 | 3.66% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $4,951 | 4.03% |
| Astoria, OR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,298 | 4.19% |
| Durango, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,988 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,216 | 4.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,603 | 3.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,549 | 3.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,713 | 4.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,850 | 4.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,041 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,739 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,891 | 5.75% |
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.
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Product Mix
For 2019, The Mortgage Company's most frequently originated type of loan was Conventional, with 559 originations. Their 2nd most popular type was FHA, with 85 originations.
Loan Reason
For 2019, The Mortgage Company's most frequently cited loan purpose was Home Purchase, with 404 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.
Loan Duration/Length
For 2019, The Mortgage Company's most frequently cited loan duration was 30 Year, with 676 originations. The 2nd most popular length was Other, with 23 originations.
Origination Fees/Closing Costs
The Mortgage Company's average total fees were $5,691, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 292 originations.
Interest Rates
During 2019, The Mortgage Company's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 4-5%, with 316 originations.
Loan Sizing
2019 saw The Mortgage Company place emphasis on $200k-400k loans with 366 originations, totaling $107,880,000 in origination value.
Applicant Income
The Mortgage Company lent most frequently to those with incomes in the $50k-75k range, with 188 originations. The second most popular income band? $100k-150k, with 169 originations.
Applicant Debt to Income Ratio
The Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 134 originations. The next most common DTI ratio? 20-30%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.99%
The Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination69.92%
The Mortgage Company 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 |
|---|---|---|---|
| 225.0 | 3 | $205,000 | $68,333 |
| 630.0 | 1 | $65,000 | $65,000 |
| 840.0 | 1 | $25,000 | $25,000 |
| 877.0 | 1 | $85,000 | $85,000 |
| NA | 712 | $209,580,000 | $294,354 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 17 | $2,125,000 | $125,000 |
| Single Family (1-4 Units):Site-Built | 701 | $207,835,000 | $296,484 |