Looking for a different lender?
M
MORTGAGE 1 INCORPORATED
Independent Mortgage Company|STERLING HEIGHTS, MI|Multi-Region
Loans Originated
3,465
Applications
4,483
Volume
$819 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Exceptional
Pricing and Pullthrough Overview
Average Rate Spread
+0.548%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,732
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
77.3%
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
Things to Think About
- Rates typically 55 basis points above market average
Report Card
MORTGAGE 1 INCORPORATED performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 16 metro areas · 9 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$236,405
Average Borrower Income
$106,453
Average Property Value
$291,531
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Strong | 2,568 | 74.1% | +0.505% | $2,528 |
FHA Loans | Sound | Exceptional | Mediocre | Strong | 695 | 20.1% | +0.909% | $3,808 |
VA Loans | Sound | Strong | Acceptable | Strong | 150 | 4.3% | +0.010% | $2,881 |
USDA Loans | Strong | Exceptional | N/A | Strong | 47 | 1.4% | +0.530% | $3,139 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 3,078 | 88.8% | +0.554% | $2,760 |
Refinance | Sound | Strong | Acceptable | Strong | 387 | 11.2% | +0.511% | $2,557 |
Geographic Coverage
Metro Areas
15
States Served
9
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
CAFLILINKYMIMTOHTX
Top Metro Areas by Place Specialization Score
1
Muskegon, MIMSA
Volume: 265Mix: 7.65%
Place Specialization
Exceptional
2
Warren, MIMSA
Volume: 1,181Mix: 34.08%
Place Specialization
Exceptional
3
Detroit, MIMSA
Volume: 448Mix: 12.93%
Place Specialization
Exceptional
4
Jackson, MI, MIMSA
Volume: 80Mix: 2.31%
Place Specialization
Exceptional
5
Ann Arbor, MI, MIMSA
Volume: 106Mix: 3.06%
Place Specialization
Exceptional
6
Grand Rapids, MIMSA
Volume: 356Mix: 10.27%
Place Specialization
Strong
7
Monroe, MI, MIMSA
Volume: 65Mix: 1.88%
Place Specialization
Strong
8
Cape Coral, FLMSA
Volume: 166Mix: 4.79%
Place Specialization
Strong
9
Flint, MI, MIMSA
Volume: 95Mix: 2.74%
Place Specialization
Strong
10
Saginaw, MI, MIMSA
Volume: 35Mix: 1.01%
Place Specialization
Strong
Showing 10 of 15 metro areas
Top States by Place Specialization Score
1
MIState
Volume: 3,179Mix: 91.75%
Place Specialization
Exceptional
2
FLState
Volume: 224Mix: 6.46%
Place Specialization
Strong
3
MTState
Volume: 18Mix: 0.52%
Place Specialization
Sound
4
OHState
Volume: 22Mix: 0.63%
Place Specialization
Sound
5
CAState
Volume: 10Mix: 0.29%
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.
Ready to Get Started?
Compare MORTGAGE 1 INCORPORATED with other lenders or get personalized recommendations.