Applications / Mortgage Analytics / Lenders / Michigan / Member Advantage Mortgage
Lansing, MI · Non-bank affiliate of a holding company · CFPB · 75 loans in 2025
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75
loans originated, 2025
331
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Member Advantage Mortgage, a non-bank lender owned by a holding company and based in Lansing, Michigan, does most of its lending in Massachusetts, and its volume swings sharply from year to year.
It made 75 loans in 2025, down from 222 in 2024, a fall of 66%. Similar lenders (non-bank affiliates of holding companies making between a quarter and four times as many loans) fell 16%, while the whole market grew 10%. The year before, it had nearly tripled from 78. Its peak was 626 loans in 2020. Its record gives no reason for the swings.
Massachusetts is its main state, and it has lent around Worcester and Amherst Town-Northampton since 2010. In Amherst Town-Northampton it ranks 21 of 199, but its share fell from 2.3% to 1.0% as its loan count shrank. Local banks lead there, with Florence Bank first and Greenfield Savings Bank second.
Almost all its loans, 97.3%, were conventional, with no government backing. None was higher-priced (a rate well above the average for similar loans). Its typical rate, 6.12%, was the lowest among its 10 peers, whose typical rate was 6.62%. Home purchases made up 70.7% of its lending.
Its typical loan rose to $335,000, from $265,000 in 2024 and $205,000 in 2020, a little above the $315,000 at similar lenders. Fewer loans to lower-income borrowers came with it: their share fell from 35.6% to 21.6%, though that is still above peers' 17.9%. On 75 loans, such figures can move a good deal from one year to the next.
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Member Advantage Mortgage took 331 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 70.7% · Refinance 26.7% · Home improvement 1.3% · Other 1.3%
Conventional 97.3% · FHA 2.7% · of 75 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 58 | 77.3% |
| Virginia | 13 | 17.3% |
| Connecticut | 1 | 1.3% |
| District of Columbia | 1 | 1.3% |
| Florida | 1 | 1.3% |
| South Carolina | 1 | 1.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Amherst Town-Northampton | 21 |
| Worcester | 18 |
| Richmond | 8 |
| Cambridge-Newton-Framingham | 7 |
| Boston | 4 |
| Springfield | 3 |
| Arlington-Alexandria-Reston | 2 |
| Deltona-Daytona Beach-Ormond Beach | 1 |
| Hartford-West Hartford-East Hartford | 1 |
| Myrtle Beach-Conway-North Myrtle Beach | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007L3DI2JM8OHN91 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3954346 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7300376657 |
Established 17 August 2006. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Member Advantage Mortgage's data.
Member Advantage Mortgage's data
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Member Advantage Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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