What loan types does MORTGAGE CENTER L.C offer?

MORTGAGE CENTER L.C offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing score and performance metrics.

Where does MORTGAGE CENTER L.C offer mortgages?

MORTGAGE CENTER L.C offers mortgages in 5 states: FL, IL, MI, OH, WI.

How competitive are MORTGAGE CENTER L.C's mortgage rates?

MORTGAGE CENTER L.C has an overall pricing score of 67.4/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is MORTGAGE CENTER L.C?

MORTGAGE CENTER L.C is a Independent Mortgage Company headquartered in PLYMOUTH, MI.

Unclaimed

Mortgage Center L.c

Independent Mortgage Company•PLYMOUTH, MI•Direct to Consumer

We analyzed every closed loan from Mortgage Center Lc — 1.0k loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Strong

vs. all lenders

Pull Through

Strong

closing strength

Products

Strong

FHA · Conventional · VA

Place

Sound

Regional · 13 mkts

Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar

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Safe Rate's 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

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Report Card

Mortgage Center L.c performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Strong	Highly Competitive +14.2 bps above market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Regional14 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Strong	Strong	942	90.6%	+0.092%Above	$1,133Fees
FHA Loans	Acceptable	Strong	Mediocre	Sound	60	5.8%	+1.115%Above	$2,762Fees
VA Loans	Sound	Strong	Acceptable	Strong	29	2.8%	-0.122%Below	$2,105Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Strong	Sound	787	75.7%	+0.159%Above	$1,234Fees
Refinance	Strong	Strong	Strong	Exceptional	253	24.3%	+0.091%Above	$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

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

FLILMIOHWI

Top Metro Areas by Place Specialization Score

Warren, MIMSA

Volume: 353Mix: 33.94%of portfolio

Place

Exceptional

Detroit, MIMSA

Volume: 147Mix: 14.13%of portfolio

Place

Strong

Lansing, MIMSA

Volume: 87Mix: 8.37%of portfolio

Place

Strong

Kalamazoo, MIMSA

Volume: 62Mix: 5.96%of portfolio

Place

Strong

Battle Creek, MI, MIMSA

Volume: 34Mix: 3.27%of portfolio

Place

Strong

Ann Arbor, MI, MIMSA

Volume: 27Mix: 2.60%of portfolio

Place

Strong

Janesville, WIMSA

Volume: 27Mix: 2.60%of portfolio

Place

Strong

Grand Rapids, MIMSA

Volume: 47Mix: 4.52%of portfolio

Place

Sound

Jackson, MI, MIMSA

Volume: 15Mix: 1.44%of portfolio

Place

Sound

Cleveland, OH, OHMSA

Volume: 19Mix: 1.83%of portfolio

Place

Sound

Showing 10 of 13 metro areas

Top States by Place Specialization Score

MIState

Volume: 923Mix: 88.75%of portfolio

Place

Exceptional

WIState

Volume: 46Mix: 4.42%of portfolio

Place

Sound

OHState

Volume: 35Mix: 3.37%of portfolio

Place

Sound

ILState

Volume: 25Mix: 2.40%of portfolio

Place

Sound

FLState

Volume: 11Mix: 1.06%of portfolio

Place

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

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.