Mortgage 1 Incorporated
We analyzed every closed loan from Mortgage 1 Incorporated — 3.5k loans across 4k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Exceptional
5/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 15 mkts
Awards
Conventional
Superstar
Purchase
Superstar
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
Explore another lender or local market
Report Card
Mortgage 1 Incorporated performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+54.8 bps above market avg
Pull Through
Closing strength
Exceptional
Top 20% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 20% of lenders
FHA
Exceptional
Top 20% of lenders
VA
Strong
Top 40% of lenders
USDA
Exceptional
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 20% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 16 markets
Strong
Top 40% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,568 | 74.1% | +0.505%Above | $2,528Fees | ||||
FHA Loans | 695 | 20.1% | +0.909%Above | $3,808Fees | ||||
VA Loans | 150 | 4.3% | +0.010%Above | $2,881Fees | ||||
USDA Loans | — | 47 | 1.4% | +0.530%Above | $3,139Fees |
Conventional
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume2,568
Mix74.1%
Spread
+0.505%Above
Fees
$2,528Fees
FHA Loans
OverallSound
ProductExceptional
PricingMediocre
Pull ThroughStrong
Volume695
Mix20.1%
Spread
+0.909%Above
Fees
$3,808Fees
VA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume150
Mix4.3%
Spread
+0.010%Above
Fees
$2,881Fees
USDA Loans
OverallStrong
ProductExceptional
Pricing—
Pull ThroughStrong
Volume47
Mix1.4%
Spread
+0.530%Above
Fees
$3,139Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,078 | 88.8% | +0.554%Above | $2,760Fees | ||||
Refinance | 387 | 11.2% | +0.511%Above | $2,557Fees |
Purchase
OverallStrong
ProductExceptional
PricingAcceptable
Pull ThroughStrong
Volume3,078
Mix88.8%
Spread
+0.554%Above
Fees
$2,760Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume387
Mix11.2%
Spread
+0.511%Above
Fees
$2,557Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,465
Applications
4,483
Volume
$819 million
Pricing & Closing
Avg Rate Spread
+0.548%
vs. market APOR
Avg Net Fees
$2,732
Origination − Credits
Pullthrough Rate
77.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$236,405
Avg Borrower Income
$106,453
Avg Property Value
$291,531
Geographic Coverage
Geographic Performance
Metro Areas
15
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
9Midwest4
ILINMIOH
South3
FLKYTX
West2
CAMT
Top Metro Areas by Place Specialization Score
Volume 265Mix 7.65% of portfolio
94/100
Exceptional
Volume 1,181Mix 34.08% of portfolio
92/100
Exceptional
Volume 448Mix 12.93% of portfolio
86/100
Exceptional
Volume 80Mix 2.31% of portfolio
85/100
Exceptional
Volume 106Mix 3.06% of portfolio
85/100
Exceptional
Volume 356Mix 10.27% of portfolio
78/100
Strong
Volume 65Mix 1.88% of portfolio
78/100
Strong
Volume 166Mix 4.79% of portfolio
76/100
Strong
Volume 95Mix 2.74% of portfolio
73/100
Strong
Volume 35Mix 1.01% of portfolio
63/100
StrongShowing 10 of 15 metro areas
Top States by Place Specialization Score
1
MichiganState
Volume 3,179Mix 91.75% of portfolio
95/100
Exceptional2
FloridaState
Volume 224Mix 6.46% of portfolio
62/100
Strong3
MontanaState
Volume 18Mix 0.52% of portfolio
46/100
Sound4
OhioState
Volume 22Mix 0.63% of portfolio
42/100
Sound5
CaliforniaState
Volume 10Mix 0.29% of portfolio
34/100
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.