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MICHIGAN MUTUAL, INC.
Independent Mortgage Company|PORT HURON, MI|Near-National
Loans Originated
3,258
Applications
4,499
Volume
$949 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.522%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,485
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 52 basis points above market average
Report Card
MICHIGAN MUTUAL, INC. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 50 metro areas · 39 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$291,304
Average Borrower Income
$118,235
Average Property Value
$369,349
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 2,017 | 61.9% | +0.508% | $2,489 |
FHA Loans | Strong | Exceptional | Sound | Strong | 939 | 28.8% | +0.639% | $2,595 |
VA Loans | Strong | Strong | Sound | Strong | 258 | 7.9% | -0.087% | $1,562 |
USDA Loans | Sound | Strong | Acceptable | Sound | 37 | 1.1% | +0.555% | $2,806 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 2,692 | 82.6% | +0.542% | $2,499 |
Refinance | Sound | Strong | Acceptable | Strong | 566 | 17.4% | +0.428% | $2,417 |
Geographic Coverage
Metro Areas
49
States Served
39
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOCTDCDEFLGAIAIDILINKYLAMDMEMIMNMOMSNCNJNMNVOHOKORPASCTNTXUTVAWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Warren, MIMSA
Volume: 543Mix: 16.67%
Place Specialization
Exceptional
2
Goldsboro, NC, NCMSA
Volume: 52Mix: 1.60%
Place Specialization
Strong
3
Bakersfield, CAMSA
Volume: 106Mix: 3.25%
Place Specialization
Strong
4
Detroit, MIMSA
Volume: 116Mix: 3.56%
Place Specialization
Strong
5
Lake County, INMSA
Volume: 63Mix: 1.93%
Place Specialization
Strong
6
Phoenix, AZMSA
Volume: 119Mix: 3.65%
Place Specialization
Strong
7
Pittsburgh, PA, PAMSA
Volume: 61Mix: 1.87%
Place Specialization
Strong
8
Scranton, PAMSA
Volume: 40Mix: 1.23%
Place Specialization
Strong
9
Tampa, FL, FLMSA
Volume: 72Mix: 2.21%
Place Specialization
Strong
10
Davenport, IA-ILMSA
Volume: 44Mix: 1.35%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 918Mix: 28.18%
Place Specialization
Exceptional
2
PAState
Volume: 217Mix: 6.66%
Place Specialization
Strong
3
FLState
Volume: 363Mix: 11.14%
Place Specialization
Strong
4
CAState
Volume: 284Mix: 8.72%
Place Specialization
Strong
5
INState
Volume: 164Mix: 5.03%
Place Specialization
Strong
6
NCState
Volume: 196Mix: 6.02%
Place Specialization
Strong
7
AZState
Volume: 141Mix: 4.33%
Place Specialization
Strong
8
NMState
Volume: 63Mix: 1.93%
Place Specialization
Strong
9
OHState
Volume: 109Mix: 3.35%
Place Specialization
Sound
10
TXState
Volume: 121Mix: 3.71%
Place Specialization
Sound
Showing 10 of 31 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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