M/I Financial
We analyzed every closed loan from M/I Financial — 6.6k loans across 8k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 27 mkts
Awards
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,531)
Explore another lender or local market
Report Card
M/I Financial performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Rates 14.0 bps below market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 27 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 4,272 | 65.2% | +0.024%Above | $4,094Fees | ||||
FHA Loans | 1,696 | 25.9% | -0.383%Below | $5,762Fees | ||||
VA Loans | 583 | 8.9% | -0.891%Below | $4,663Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume4,272
Mix65.2%
Spread
+0.024%Above
Fees
$4,094Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume1,696
Mix25.9%
Spread
-0.383%Below
Fees
$5,762Fees
VA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughExceptional
Volume583
Mix8.9%
Spread
-0.891%Below
Fees
$4,663Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 6,556 | 100.0% | -0.140%Below | $4,532Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume6,556
Mix100.0%
Spread
-0.140%Below
Fees
$4,532Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
6,557
Applications
8,417
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
-0.140%
vs. market APOR
Avg Net Fees
$4,531
Origination − Credits
Pullthrough Rate
77.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$400,167
Avg Borrower Income
$160,851
Avg Property Value
$495,732
Geographic Coverage
Geographic Performance
Metro Areas
27
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Midwest5
ILINMIMNOH
South4
FLNCTNTX
Top Metro Areas by Place Specialization Score
Volume 654Mix 9.97% of portfolio
90/100
Exceptional
Volume 306Mix 4.67% of portfolio
87/100
Exceptional
Volume 505Mix 7.70% of portfolio
83/100
Exceptional
Volume 642Mix 9.79% of portfolio
82/100
Exceptional
Volume 161Mix 2.46% of portfolio
81/100
Exceptional
Volume 414Mix 6.31% of portfolio
81/100
Exceptional
Volume 310Mix 4.73% of portfolio
80/100
Exceptional
Volume 586Mix 8.94% of portfolio
80/100
Strong
Volume 373Mix 5.69% of portfolio
80/100
Strong
Volume 363Mix 5.54% of portfolio
79/100
StrongShowing 10 of 27 metro areas
Top States by Place Specialization Score
1
TexasState
Volume 1,888Mix 28.79% of portfolio
84/100
Exceptional2
OhioState
Volume 1,006Mix 15.34% of portfolio
81/100
Exceptional3
FloridaState
Volume 1,261Mix 19.23% of portfolio
78/100
Strong4
MinnesotaState
Volume 586Mix 8.94% of portfolio
78/100
Strong5
IllinoisState
Volume 489Mix 7.46% of portfolio
75/100
Strong6
North CarolinaState
Volume 690Mix 10.52% of portfolio
75/100
Strong7
IndianaState
Volume 414Mix 6.31% of portfolio
73/100
Strong8
MichiganState
Volume 182Mix 2.78% of portfolio
63/100
Strong9
TennesseeState
Volume 41Mix 0.63% of portfolio
48/100
SoundHow 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.