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Merchants & Marine Bank

Bank•Pascagoula, MSHQ•Direct•Reviews near you on Google

Merchants & Marine Bank has 188 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 4 mkts
Safe Rate Awards
FHA Superstar
FHA
Superstar

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Report Card

Merchants & Marine Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+33.4 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Strong
Volume123
Mix65.4%
Spread
+0.276%Above
Fees
$1,866Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume41
Mix21.8%
Spread
+0.637%Above
Fees
$1,853Fees
VA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through
Strong
Volume15
Mix8.0%
Spread
-0.107%Below
Fees
$1,103Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume172
Mix91.5%
Spread
+0.361%Above
Fees
$1,848Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing
Acceptable
Pull Through
Acceptable
Volume16
Mix8.5%
Spread
+0.129%Above
Fees
$1,362Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
188
Applications
280
Volume
$47 million
Pricing & Closing
Avg Rate Spread
+0.334%
vs. market APOR
Avg Net Fees
$1,792
Origination − Credits
Pullthrough Rate
67.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$252,660
Avg Borrower Income
$113,165
Avg Property Value
$324,096

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
8
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

8
8 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
PA
Midwest1
IN
South6
ALFLGALAMSTX

Top Metro Areas by Place Specialization Score

1© Patricia H. · CC BY 2.0
Hattiesburg, MSMetro
Volume 82Mix 43.62% of portfolio
93/100
Exceptional
2© Infrogmation · CC BY-SA 4.0
Gulfport, MSMetro
Volume 19Mix 10.11% of portfolio
56/100
Sound
3© NASA Astronaut · Public domain
Baton Rouge, LAMetro
Volume 22Mix 11.70% of portfolio
54/100
Sound
4© tonya cook · CC BY-SA 3.0
Daphne, ALMetro
Volume 15Mix 7.98% of portfolio
53/100
Sound

Top States by Place Specialization Score

Mississippi
Mississippi
1
MississippiState
Volume 133Mix 70.74% of portfolio
75/100
Strong
Louisiana
Louisiana
2
LouisianaState
Volume 31Mix 16.49% of portfolio
55/100
Sound
Alabama
Alabama
3
AlabamaState
Volume 18Mix 9.57% of portfolio
49/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.