Data intelligence firm Mobility Market Intelligence (MMI) announced the launch of the Mortgage Industry Benchmarks report, a monthly newsletter compiling lender and loan officer (LO) production data and trends to facilitate peer-to-peer comparison.
The report leverages the mortgage and real estate data that MMI aggregates, normalizes and delivers to clients, providing a high-level summary of the insights lenders and LOs need to evaluate their performance relative to their peers.
Lenders are categorized into three tiers based on their annual production:
- Prime ($5 billion and above)
- Capital ($500 million to $5 billion)
- Select ($50 million to $500 million)
The report also provides insights into the percentage of month-over-month production growth/loss, average and median deal size, percent of purchase business, six-month trends for purchases versus refinances, and overall production trends covering the past six months.
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