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MJW Financial

Independent Mortgage Company•Indianapolis, INHQ•Direct•Reviews near you on Google

We analyzed every closed loan from MJW Financial — 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 4 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and USDA loans

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Report Card

MJW Financial performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+38.3 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume938
Mix76.1%
Spread
+0.375%Above
Fees
$1,598Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume220
Mix17.8%
Spread
+0.604%Above
Fees
$1,899Fees
VA Loans
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume57
Mix4.6%
Spread
-0.219%Below
Fees
$1,079Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through—
Volume14
Mix1.1%
Spread
+0.535%Above
Fees
$1,200Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume1,105
Mix89.6%
Spread
+0.420%Above
Fees
$1,733Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume128
Mix10.4%
Spread
+0.131%Above
Fees
$861Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
1,233
Applications
1,631
Volume
$361 million
Pricing & Closing
Avg Rate Spread
+0.383%
vs. market APOR
Avg Net Fees
$1,621
Origination − Credits
Pullthrough Rate
75.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$292,843
Avg Borrower Income
$133,837
Avg Property Value
$356,841

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

7
7 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest4
ILINMIOH
South3
FLKYTN

Top Metro Areas by Place Specialization Score

1© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 1,020Mix 82.73% of portfolio
97/100
Exceptional
2© Derek Jensen (Tysto) · Public domain
Kokomo, INMetro
Volume 48Mix 3.89% of portfolio
79/100
Strong
3© Infrogmation of New Orleans · CC BY-SA 4.0
Lafayette, INMetro
Volume 23Mix 1.87% of portfolio
54/100
Sound
4© Unknown · Public domain
Muncie, INMetro
Volume 13Mix 1.05% of portfolio
46/100
Sound

Top States by Place Specialization Score

Indiana
Indiana
1
IndianaState
Volume 1,221Mix 99.03% of portfolio
90/100
Exceptional

How 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.