MiMutual Mortgage

What MiMutual Mortgage does

MiMutual Mortgage is a U.S. residential mortgage originator founded in 1994 and headquartered in Port Huron, Michigan. For over 30 years the company originated purchase and refinance mortgage loans primarily for Michigan-based local families, first-time homebuyers, and seasoned homeowners, generating revenue through origination fees earned on loan transactions. In 2025 MiMutual was acquired by Everett Financial, Inc. d/b/a Supreme Lending (NMLS ID #2129, Dallas, TX) and now operates as 'MiMutual powered by Supreme Lending,' with the Port Huron loan officer team retained and the brand operating as a retail sub-brand alongside a newly launched wholesale lending channel served via the Supreme Lending wholesale portal.

The company's go-to-market combines direct-to-consumer retail lending (via a network of local loan officers across multiple states) with a wholesale channel that distributes loan products through independent mortgage brokers. Core technology is described as a streamlined mortgage processing platform with enhanced processing support intended to accelerate loan closings — capabilities inherited or upgraded via the Supreme Lending partnership rather than developed independently. There is no disclosed AI/ML capability, no proprietary model architecture, no API surface, and no mobile app. The customer base is geographically distributed across at least 10 states including Michigan, Texas, Arizona, Florida, North Carolina, Pennsylvania, Maryland, New Mexico, California, and South Carolina, with concentration in Michigan.

Revenue mechanics follow standard U.S. mortgage origination economics: transaction fees and spread between origination costs and secondary-market loan sale. Pricing is not publicly disclosed; loans are quote-based and vary by borrower credit profile, loan amount, and prevailing rates. Leadership comprises co-founders Hale Walker (Co-founder, Senior Vice President) and Mark Walker (Co-Founder, Co-Owner and Chairman), who continue in operating roles post-acquisition. The company is no longer independently financed (no funding rounds disclosed) and is embedded within Supreme Lending's national lending platform.

Name

MiMutual Mortgage

Legal name

EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING

Website

https://mimutual.com

Company type

Private

Founded year

1994

Operating status

Acquired

Headcount range

251–500 employees

Short description

MiMutual Mortgage is a U.S. residential mortgage lender serving retail consumers and wholesale brokers across 10+ states, operating as a subsidiary of Supreme Lending (Everett Financial, Inc.) following a 2025 acquisition, with origination and refinance products distributed via local loan officers and a wholesale broker portal.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)

akta.pro secondary industry

Wholesale Mortgage Lending (Broker Channel) (FSALACAA)

Keywords

• Mortgage lending
• Residential mortgages
• Mortgage refinancing
• Wholesale lending
• Home purchase loans

Headquarters

HQ city

Port Huron

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Origination Fees: MiMutual generates revenue through mortgage origination fees charged to borrowers obtaining home loans. As a mortgage lender, the company earns income from the spread between loan origination costs and the sale of loans into the secondary market, as well as processing fees associated with loan applications.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

MiMutual Mortgage is a community-based residential mortgage lender offering home purchase loans and refinance financing to retail consumers, first-time home buyers, and seasoned homeowners. The company operates two primary channels: a retail direct-to-consumer channel staffed by local loan officers and a wholesale channel delivering mortgage products through independent mortgage brokers and correspondents via the Supreme Lending wholesale platform.

Product overview

MiMutual Mortgage is a mortgage lending company offering residential mortgage products. The company operates through two primary offerings: (1) MiMutual Mortgage as the retail brand serving direct consumers with home purchase and refinance loans, and (2) MIMutual Wholesale as the wholesale channel for independent brokers. MiMutual has now been integrated into Supreme Lending, a national lender, while maintaining its hometown lending experience from its Port Huron team. The portfolio includes faster closings with streamlined technology, diverse loan options for various credit profiles, and personalized service.

Differentiator

Problem solved

Functional benefit

Products and services

• MiMutual Mortgage (Retail Home Loans) Residential mortgage lending brand serving retail consumers with home purchase financing and refinance loans, supported by local loan officers across multiple U.S. states including Michigan, Arizona, Texas, Florida, North Carolina, Pennsylvania, Maryland, New Mexico, California, and South Carolina.
• MIMutual Wholesale Wholesale mortgage lending channel that delivers residential mortgage products through independent mortgage brokers and correspondents, allowing partners to offer MiMutual mortgage products to their own clients via the wholesale.supremelending.com portal.

Quantifiable outcome

• Faster loan closings through streamlined technology and enhanced processing support
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Supreme LendingflagshipStrategic or Co-development PartnerMiMutual Mortgage has partnered with Supreme Lending, described as 'one of the nation's top lenders', to become 'MiMutual powered by Supreme Lending'. This partnership enables MiMutual to offer faster closings through streamlined technology, more loan options to fit unique financial goals and credit profiles, while maintaining the same trusted hometown lending experience from the Port Huron team. Supreme Lending (NMLS ID #2129) is headquartered in Dallas, TX and operates as an Equal Housing Opportunity Lender.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• NewRez (formerly New Penn Financial): Nonbank residential mortgage lender operating retail, wholesale (Shellpoint Mortgage), and correspondent channels with a multi-state footprint similar to MiMutual.
• Plaza Home Mortgage: Multi-channel mortgage lender offering retail, wholesale, and correspondent products with a focus on diverse loan programs, similar positioning to MiMutual.
• Caliber Home Loans: Mid-to-large residential mortgage originator with retail and wholesale channels; comparable size and product mix to MiMutual's post-acquisition profile under Supreme Lending.
• Supreme Lending: MiMutual's parent company and direct platform peer; Supreme Lending operates the same retail and wholesale mortgage origination business across the U.S., now hosting MiMutual's loan officers under its NMLS license #2129.
• United Wholesale Mortgage: Largest U.S. wholesale mortgage lender, also headquartered in Michigan (Pontiac). Operates a broker-only channel analogous to MiMutual's MIMutual Wholesale offering, competing for the same mortgage broker partners.
• Paramount Residential Mortgage Group (PRMG): Multi-channel residential mortgage lender with retail, wholesale, and correspondent divisions, comparable in scale and product breadth to MiMutual.
• Homepoint: Wholesale and correspondent mortgage lender focused on serving independent mortgage brokers, directly comparable to MiMutual's MIMutual Wholesale channel.

Broad incumbents

• Rocket Mortgage: Largest U.S. retail mortgage originator and a dominant direct-to-consumer lender. Competes with MiMutual across purchase, refinance, and home equity products through a fully digital platform with national reach.
• Flagstar Bank (Mortgage Division): Large regional bank with a significant mortgage origination and servicing business across retail, wholesale, and correspondent channels; competes with MiMutual across multiple state markets.
• loanDepot: National retail and wholesale mortgage lender offering purchase, refinance, and HELOC products across all 50 states. Competes with MiMutual in both consumer-direct and broker channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/michiganmutual

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MiMutual Mortgage