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Midwest Mortgage Associates Corporation
Independent Mortgage Company|Colorado Springs, CO|Multi-Region
Loans Originated
709
Applications
1,100
Volume
$175 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards💎USDA Champion⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.373%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,808
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.5%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and VA and USDA loans
Report Card
Midwest Mortgage Associates Corporation 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 | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 12 metro areas · 17 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$248,032
Average Borrower Income
$106,159
Average Property Value
$291,417
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Sound | Sound | 326 | 46.0% | +0.328% | $2,130 |
FHA Loans | Sound | Strong | Sound | Sound | 236 | 33.3% | +0.671% | $1,419 |
VA Loans | Strong | Strong | Sound | Strong | 99 | 14.0% | -0.229% | $2,004 |
USDA Loans | Exceptional | Exceptional | Exceptional | Strong | 48 | 6.8% | +0.286% | $454 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Sound | Sound | 674 | 95.1% | +0.401% | $1,743 |
Refinance | Acceptable | Acceptable | Sound | Mediocre | 35 | 4.9% | +0.079% | $2,500 |
Geographic Coverage
Metro Areas
11
States Served
17
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ARAZCOFLGAIAINKSKYLAMONCOKSCTNTXVA
Top Metro Areas by Place Specialization Score
1
Columbia, MO, MOMSA
Volume: 45Mix: 6.35%
Place Specialization
Strong
2
Kansas City, MO, MO-KSMSA
Volume: 102Mix: 14.39%
Place Specialization
Strong
3
Joplin, MO, MO-KSMSA
Volume: 51Mix: 7.19%
Place Specialization
Strong
4
Jefferson City, MO, MOMSA
Volume: 21Mix: 2.96%
Place Specialization
Sound
5
Oklahoma City, OK, OKMSA
Volume: 30Mix: 4.23%
Place Specialization
Sound
6
Pueblo, CO, COMSA
Volume: 19Mix: 2.68%
Place Specialization
Sound
7
Dallas, TXMSA
Volume: 26Mix: 3.67%
Place Specialization
Sound
8
Lakeland, FLMSA
Volume: 13Mix: 1.83%
Place Specialization
Sound
9
Tampa, FL, FLMSA
Volume: 14Mix: 1.97%
Place Specialization
Sound
10
Fort Worth, TXMSA
Volume: 12Mix: 1.69%
Place Specialization
Sound
Showing 10 of 11 metro areas
Top States by Place Specialization Score
1
MOState
Volume: 440Mix: 62.06%
Place Specialization
Strong
2
KSState
Volume: 60Mix: 8.46%
Place Specialization
Strong
3
OKState
Volume: 38Mix: 5.36%
Place Specialization
Sound
4
FLState
Volume: 53Mix: 7.48%
Place Specialization
Sound
5
TXState
Volume: 49Mix: 6.91%
Place Specialization
Sound
6
COState
Volume: 23Mix: 3.24%
Place Specialization
Sound
7
ARState
Volume: 17Mix: 2.40%
Place Specialization
Sound
8
TNState
Volume: 12Mix: 1.69%
Place Specialization
Acceptable
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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