Mortgage Center L.C
We analyzed every closed loan from Mortgage Center L.C — 1.0k 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
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Sound
3/5
Regional · 13 mkts
Awards
Conventional
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA loans
Explore another lender or local market
Report Card
Mortgage Center L.C performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+14.2 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
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 14 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 | 942 | 90.6% | +0.092%Above | $1,133Fees | ||||
FHA Loans | 60 | 5.8% | +1.115%Above | $2,762Fees | ||||
VA Loans | 29 | 2.8% | -0.122%Below | $2,105Fees |
Conventional
OverallStrong
ProductStrong
PricingStrong
Pull ThroughStrong
Volume942
Mix90.6%
Spread
+0.092%Above
Fees
$1,133Fees
FHA Loans
OverallSound
ProductStrong
PricingMediocre
Pull ThroughSound
Volume60
Mix5.8%
Spread
+1.115%Above
Fees
$2,762Fees
VA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume29
Mix2.8%
Spread
-0.122%Below
Fees
$2,105Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 787 | 75.7% | +0.159%Above | $1,234Fees | ||||
Refinance | 253 | 24.3% | +0.091%Above | $1,232Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume787
Mix75.7%
Spread
+0.159%Above
Fees
$1,234Fees
Refinance
OverallStrong
ProductStrong
PricingStrong
Pull ThroughExceptional
Volume253
Mix24.3%
Spread
+0.091%Above
Fees
$1,232Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,040
Applications
1,368
Volume
$247 million
Pricing & Closing
Avg Rate Spread
+0.142%
vs. market APOR
Avg Net Fees
$1,234
Origination − Credits
Pullthrough Rate
76.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$237,904
Avg Borrower Income
$112,612
Avg Property Value
$313,844
Geographic Coverage
Geographic Performance
Metro Areas
13
markets with activity
States Served
5
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
5Midwest4
ILMIOHWI
South1
FL
Top Metro Areas by Place Specialization Score
Volume 353Mix 33.94% of portfolio
81/100
Exceptional
Volume 147Mix 14.13% of portfolio
75/100
Strong
Volume 87Mix 8.37% of portfolio
72/100
Strong
Volume 62Mix 5.96% of portfolio
69/100
Strong
Volume 34Mix 3.27% of portfolio
67/100
Strong
Volume 27Mix 2.60% of portfolio
61/100
Strong
Volume 27Mix 2.60% of portfolio
60/100
Strong
Volume 47Mix 4.52% of portfolio
57/100
Sound
Volume 15Mix 1.44% of portfolio
52/100
Sound
Volume 19Mix 1.83% of portfolio
48/100
SoundShowing 10 of 13 metro areas
Top States by Place Specialization Score
1
MichiganState
Volume 923Mix 88.75% of portfolio
86/100
Exceptional2
WisconsinState
Volume 46Mix 4.42% of portfolio
55/100
Sound3
OhioState
Volume 35Mix 3.37% of portfolio
49/100
Sound4
IllinoisState
Volume 25Mix 2.40% of portfolio
46/100
Sound5
FloridaState
Volume 11Mix 1.06% of portfolio
33/100
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.