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Mid-Continent Funding, Inc.
Independent Mortgage Company|Columbia, US|Multi-Region
Loans Originated
692
Applications
1,153
Volume
$210 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
-0.401%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,873
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
60.0%
Percentage of applications that result in closed loans
Report Card
Mid-Continent Funding, Inc. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Acceptable | Near industry average | |
FHA | Sound | Industry Standard | |
VA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 16 metro areas · 23 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$303,902
Average Borrower Income
$96,275
Average Property Value
$340,419
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Acceptable | Sound | Acceptable | 54 | 7.8% | +0.180% | $3,183 |
FHA Loans | Sound | Sound | Acceptable | Sound | 29 | 4.2% | +0.545% | $3,640 |
VA Loans | Sound | Strong | Sound | Sound | 607 | 87.7% | -0.472% | $2,826 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 504 | 72.8% | -0.253% | $3,001 |
Refinance | Sound | Sound | Strong | Acceptable | 188 | 27.2% | -0.603% | $2,698 |
Geographic Coverage
Metro Areas
15
States Served
23
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Columbia, MO, MOMSA
Volume: 36Mix: 5.20%
Place Specialization
Strong
2
Fayetteville, NC, NCMSA
Volume: 23Mix: 3.32%
Place Specialization
Sound
3
Tampa, FL, FLMSA
Volume: 29Mix: 4.19%
Place Specialization
Sound
4
Virginia Beach, VA-NCMSA
Volume: 27Mix: 3.90%
Place Specialization
Sound
5
Jacksonville, FL, FLMSA
Volume: 23Mix: 3.32%
Place Specialization
Sound
6
Jacksonville, NC, NCMSA
Volume: 13Mix: 1.88%
Place Specialization
Sound
7
Deltona, FLMSA
Volume: 13Mix: 1.88%
Place Specialization
Sound
8
Killeen, TXMSA
Volume: 13Mix: 1.88%
Place Specialization
Sound
9
Houston, TXMSA
Volume: 17Mix: 2.46%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 15Mix: 2.17%
Place Specialization
Sound
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 171Mix: 24.71%
Place Specialization
Strong
2
NCState
Volume: 107Mix: 15.46%
Place Specialization
Strong
3
VAState
Volume: 59Mix: 8.53%
Place Specialization
Sound
4
MOState
Volume: 64Mix: 9.25%
Place Specialization
Sound
5
TXState
Volume: 84Mix: 12.14%
Place Specialization
Sound
6
GAState
Volume: 44Mix: 6.36%
Place Specialization
Sound
7
ALState
Volume: 26Mix: 3.76%
Place Specialization
Sound
8
PAState
Volume: 34Mix: 4.91%
Place Specialization
Sound
9
ILState
Volume: 14Mix: 2.02%
Place Specialization
Sound
10
INState
Volume: 13Mix: 1.88%
Place Specialization
Sound
Showing 10 of 13 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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