Midwest Mortgage Associates Corporation
We analyzed every closed loan from Midwest Mortgage Associates Corporation — 709 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 11 mkts
Awards
USDA
Champion
FHA
Superstar
VA
Superstar
Summary
What They Do Well
- Particularly strong in FHA and VA and USDA loans
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Report Card
Midwest Mortgage Associates Corporation performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+37.3 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
Strong
Top 40% of lenders
USDA
Exceptional
Top 20% 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 · 12 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 326 | 46.0% | +0.328%Above | $2,130Fees | ||||
FHA Loans | 236 | 33.3% | +0.671%Above | $1,419Fees | ||||
VA Loans | 99 | 14.0% | -0.229%Below | $2,004Fees | ||||
USDA Loans | 48 | 6.8% | +0.286%Above | $454Fees |
Conventional
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume326
Mix46.0%
Spread
+0.328%Above
Fees
$2,130Fees
FHA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughSound
Volume236
Mix33.3%
Spread
+0.671%Above
Fees
$1,419Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume99
Mix14.0%
Spread
-0.229%Below
Fees
$2,004Fees
USDA Loans
OverallExceptional
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume48
Mix6.8%
Spread
+0.286%Above
Fees
$454Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 674 | 95.1% | +0.401%Above | $1,743Fees | ||||
Refinance | 35 | 4.9% | +0.079%Above | $2,500Fees |
Purchase
OverallSound
ProductStrong
PricingSound
Pull ThroughSound
Volume674
Mix95.1%
Spread
+0.401%Above
Fees
$1,743Fees
Refinance
OverallAcceptable
ProductAcceptable
PricingSound
Pull ThroughMediocre
Volume35
Mix4.9%
Spread
+0.079%Above
Fees
$2,500Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
709
Applications
1,100
Volume
$175 million
Pricing & Closing
Avg Rate Spread
+0.373%
vs. market APOR
Avg Net Fees
$1,808
Origination − Credits
Pullthrough Rate
64.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$248,032
Avg Borrower Income
$106,159
Avg Property Value
$291,417
Geographic Coverage
Geographic Performance
Metro Areas
11
markets with activity
States Served
17
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
17Midwest4
IAINKSMO
South11
ARFLGAKYLANCOKSCTNTXVA
West2
AZCO
Top Metro Areas by Place Specialization Score
Volume 45Mix 6.35% of portfolio
67/100
Strong
Volume 102Mix 14.39% of portfolio
67/100
Strong
Volume 51Mix 7.19% of portfolio
65/100
Strong
Volume 21Mix 2.96% of portfolio
56/100
Sound
Volume 30Mix 4.23% of portfolio
55/100
Sound
Volume 19Mix 2.68% of portfolio
54/100
Sound
Volume 26Mix 3.67% of portfolio
49/100
Sound
Volume 13Mix 1.83% of portfolio
45/100
Sound
Volume 14Mix 1.97% of portfolio
43/100
Sound
10© No machine-readable author provided. Billy Hathorn assumed (based on copyright claims). · CC BY-SA 3.0Fort Worth, TXMetro
Volume 12Mix 1.69% of portfolio
42/100
SoundShowing 10 of 11 metro areas
Top States by Place Specialization Score
1
MissouriState
Volume 440Mix 62.06% of portfolio
79/100
Strong2
KansasState
Volume 60Mix 8.46% of portfolio
64/100
Strong3
OklahomaState
Volume 38Mix 5.36% of portfolio
55/100
Sound4
FloridaState
Volume 53Mix 7.48% of portfolio
51/100
Sound5
TexasState
Volume 49Mix 6.91% of portfolio
50/100
Sound6
ColoradoState
Volume 23Mix 3.24% of portfolio
47/100
Sound7
ArkansasState
Volume 17Mix 2.40% of portfolio
46/100
Sound8
TennesseeState
Volume 12Mix 1.69% of portfolio
39/100
AcceptableHow 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.