The Mortgage Company Rates, Fees & Info

CENTENNIAL, CO

LEI: 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.

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 6.29% 3/24/24
30 Year Conventional Refi 6.52% 3/24/24
30 Year Cash-out Refi 6.78% 3/24/24
30 Year FHA Purchase 7.52% 3/24/24
30 Year FHA Refi 6.27% 3/24/24
30 Year VA Purchase 6.42% 3/24/24
30 Year USDA Purchase 5.88% 3/24/24
15 Year Conventional Purchase 6.14% 3/24/24
15 Year Conventional Refi 6.42% 3/24/24
15 Year Cash-out Refi 6.42% 3/24/24
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






Your Estimates

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

This is not an official calculator from The Mortgage Company. 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

718

Origination Dollar Volume (All Markets)

$209,960,000

Awards

THE MORTGAGE COMPANY USDA Loans gold THE MORTGAGE COMPANY USDA Loans gold
Show all (2) 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
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%
The Mortgage Company's top markets include Denver, Cañon City, Portland, Colorado Springs, and Fort Collins among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 559 $168,315,000 $301,100 $4,766 3.96%
    FHA 85 $23,625,000 $277,941 $9,583 4.35%
    VA 45 $13,875,000 $308,333 $8,147 3.85%
    USDA 25 $3,915,000 $156,600 $5,496 3.77%
    HELOC 4 $230,000 $57,500 n/a 5.63%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 404 $106,390,000 $263,342 $6,140 3.99%
    Cash Out Refi 149 $46,875,000 $314,597 $5,807 4.25%
    Refi 147 $56,045,000 $381,259 $4,256 3.99%
    Other 18 $650,000 $36,111 $2,585 2.33%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 676 $202,280,000 $299,231 $5,691 4.09%
    Other 23 $2,045,000 $88,913 $4,224 1.10%
    15 Year 10 $3,580,000 $358,000 $4,394 3.44%
    20 Year 7 $1,895,000 $270,714 $4,297 4.14%
    10 Year 2 $160,000 $80,000 $2,249 3.81%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 292 $94,290,000 $322,911
    $2k-3k 105 $31,235,000 $297,476
    $3k-4k 95 $25,815,000 $271,737
    $5k+ 78 $31,720,000 $406,667
    $4k-5k 57 $18,715,000 $328,333
    $<1k 56 $7,310,000 $130,536

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 316 $96,670,000 $305,918
    3-4% 297 $99,095,000 $333,653
    5-6% 44 $10,870,000 $247,045
    <2.5% 42 $370,000 $8,810
    2.5-3% 6 $1,760,000 $293,333
    6-7% 6 $1,050,000 $175,000
    Over 8% 1 $85,000 $85,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 366 $107,880,000 $294,754 $5,852 4.22%
    $400k-600k 149 $70,085,000 $470,369 $5,898 4.13%
    $100k-200k 113 $17,855,000 $158,009 $5,131 4.38%
    $100,000 or less 76 $2,570,000 $33,816 $2,580 1.98%
    $600k-1MM 12 $9,050,000 $754,167 $5,954 4.19%
    $1MM+ 2 $2,520,000 $1,260,000 $6,044 4.00%

    2019 saw The Mortgage Company place emphasis on $200k-400k loans with 366 originations, totaling $107,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 188 $43,750,000 $232,713 $5,427 3.96%
    $100k-150k 169 $57,915,000 $342,692 $6,111 4.18%
    $150k-250k 118 $48,490,000 $410,932 $5,373 4.27%
    $50k or less 112 $17,830,000 $159,196 $5,071 3.71%
    $75k-100k 105 $27,395,000 $260,905 $6,075 3.75%
    $250k+ 24 $14,250,000 $593,750 $5,801 4.21%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 134 $38,690,000 $288,731 $5,278 3.94%
    20-30% 119 $40,735,000 $342,311 $5,521 4.20%
    <20% 51 $15,705,000 $307,941 $3,874 4.05%
    40% 38 $12,270,000 $322,895 $6,199 4.03%
    38% 37 $10,815,000 $292,297 $5,886 3.86%
    41% 35 $9,715,000 $277,571 $5,699 3.88%
    43% 34 $8,190,000 $240,882 $6,857 3.85%
    39% 32 $7,970,000 $249,063 $5,481 4.36%
    50-60% 29 $7,945,000 $273,966 $9,342 3.67%
    44% 28 $7,970,000 $284,643 $4,707 4.24%
    48% 27 $6,565,000 $243,148 $5,588 3.75%
    42% 26 $7,290,000 $280,385 $5,146 4.26%
    49% 26 $7,460,000 $286,923 $6,609 3.88%
    45% 24 $5,870,000 $244,583 $4,945 3.87%
    47% 22 $6,270,000 $285,000 $6,479 4.08%
    36% 21 $5,855,000 $278,810 $5,108 3.98%
    37% 19 $5,455,000 $287,105 $6,079 3.63%
    46% 16 $5,190,000 $324,375 $5,916 4.05%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 581 $176,505,000 $303,795 $5,493 4.07%
    Not provided 102 $22,540,000 $220,980 $6,094 3.69%
    Asian 17 $5,465,000 $321,471 $7,114 4.15%
    Black 13 $3,535,000 $271,923 $6,813 3.88%
    American Indian 3 $1,455,000 $485,000 $5,323 4.13%
    Native Hawaiian or Islander 1 $455,000 $455,000 $3,174 3.13%
    Filipino 1 $5,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.99%

    The Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.92%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,825,000 $141,667 $3,474 4.38%
    40-60% 56 $17,520,000 $312,857 $4,556 4.08%
    60-80% 255 $89,895,000 $352,529 $4,871 4.24%
    80-100% 292 $87,920,000 $301,096 $6,253 4.25%
    Over 100% 9 $3,525,000 $391,667 $14,366 3.89%
    Under 20% 58 $1,080,000 $18,621 $1,390 1.11%