Michigan Mutual
We analyzed every closed loan from Michigan Mutual — 3.3k 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
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Near-National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
FHA
Superstar
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 52 basis points above market average
Explore another lender or local market
Report Card
Michigan Mutual performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+52.2 bps above market avg
2/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
2,017 loans · 0.51% above market
Strong
Top 40% of lenders
4/5
FHA
939 loans · 0.64% above market
Exceptional
Top 20% of lenders
5/5
VA
258 loans · 0.09% below market
Strong
Top 40% of lenders
4/5
USDA
37 loans · 0.56% above market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
2,692 loans · 0.54% above market
Strong
Top 40% of lenders
4/5
Refinance
566 loans · 0.43% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Near-National · 50 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,017 | 61.9% | +0.508%Above | $2,489Fees | ||||
FHA Loans | 939 | 28.8% | +0.639%Above | $2,595Fees | ||||
VA Loans | 258 | 7.9% | -0.087%Below | $1,562Fees | ||||
USDA Loans | 37 | 1.1% | +0.555%Above | $2,806Fees |
Conventional
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume2,017
Mix61.9%
Spread
+0.508%Above
Fees
$2,489Fees
FHA Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume939
Mix28.8%
Spread
+0.639%Above
Fees
$2,595Fees
VA Loans
OverallStrong
ProductStrong
PricingSound
Pull ThroughStrong
Volume258
Mix7.9%
Spread
-0.087%Below
Fees
$1,562Fees
USDA Loans
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughSound
Volume37
Mix1.1%
Spread
+0.555%Above
Fees
$2,806Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 2,692 | 82.6% | +0.542%Above | $2,499Fees | ||||
Refinance | 566 | 17.4% | +0.428%Above | $2,417Fees |
Purchase
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume2,692
Mix82.6%
Spread
+0.542%Above
Fees
$2,499Fees
Refinance
OverallSound
ProductStrong
PricingAcceptable
Pull ThroughStrong
Volume566
Mix17.4%
Spread
+0.428%Above
Fees
$2,417Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,258
Applications
4,499
Volume
$949 million
Pricing & Closing
Avg Rate Spread
+0.522%
vs. market APOR
Avg Net Fees
$2,485
Origination − Credits
Pullthrough Rate
72.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$291,304
Avg Borrower Income
$118,235
Avg Property Value
$369,349
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
39
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
39Full-year 2024 · HMDALoans originated
< 2020–5050–100100+None
Northeast4
CTMENJPA
Midwest8
IAILINMIMNMOOHWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West10
AZCACOIDNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 31 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.
Looking for a different lender?
Are you the owner of Michigan Mutual?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
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.