Is Mortgage One Group An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Mortgage One Group with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (+0.05%)
Loan Related Closing Costs: lower than average (-$394)
Assessment: this lender tends to be a average cost lender.

This scoreboard is based on data reported to FFIEC. In the data, Mortgage One Group originated 93 mortgages, a national market share of 0.0%. It was primarily active in CA (0.0% market share) and WA (0.0% market share).

On average, Mortgage One Group’s interest rates were similar to those of comparable mortgages at other lenders (+0.05%).1The comparable mortgages control for Mortgage One Group’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $5420, which was lower than those of comparable mortgages at $5814, with a difference of -$394. Overall, we estimate that Mortgage One Group tends to be an average cost lender, with a cost-adjusted-rate difference of +0.03% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Mortgage One Group.

Mortgage One Group originated Conforming mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Mortgage One Group compared to other lenders

Conforming
Interest Rate Difference +0.05%
Loan related Closing Cost Difference -$394
Cost Adjusted Rate Difference +0.03%

Based on the table above, Mortgage One Group is similar to other lenders for Conforming purchase mortgages.

Other information about Mortgage One Group:

Regulator: United States Department of Housing and Urban Development (HUD) 
Registered city and state: Buena Park, CA, 90621
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Footnotes   [ + ]

1. The comparable mortgages control for Mortgage One Group’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.