Mortgage Management Consultants Rates, Fees & InfoPALMDALE, CA
Tax ID: 81-0615913
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMortgage Management Consultants is a smaller mortgage company specializing in Home Purchase and Refi loans. Mortgage Management Consultants has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Las Vegas, Bakersfield, Riverside, and Phoenix among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)
Mortgage Management Consultants has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mortgage Management Consultants is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.92%||6/7/23|
|30 Year Conventional Refi||6.97%||6/7/23|
|30 Year FHA Purchase||7.60%||6/7/23|
|30 Year FHA Refi||7.30%||6/7/23|
|30 Year VA Purchase||6.48%||6/7/23|
|30 Year VA Refi||6.58%||6/7/23|
|15 Year Conventional Purchase||6.33%||6/7/23|
|15 Year Conventional Refi||5.68%||6/7/23|
|15 Year Cash-out Refi||5.68%||6/7/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Mortgage Management Consultants Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mortgage Management Consultants. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$119,620,000
MORTGAGE MANAGEMENT CONSULTANTS - 2022
MORTGAGE MANAGEMENT CONSULTANTS is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Mortgage Management Consultants's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Mortgage Management Consultants's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,856.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||132||$55,670,000||$421,742||$10,970||4.96%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||126||$38,380,000||$304,603||$6,838||4.71%|
|BAKERSFIELD, CA (FHA|USDA|VA)||32||$9,100,000||$284,375||$9,811||5.08%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||7||$2,465,000||$352,143||$8,904||5.09%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||4||$1,530,000||$382,500||$4,601||3.94%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||3||$1,165,000||$388,333||$4,934||4.33%|
|Pahrump, NV (FHA|USDA|VA)||5||$1,055,000||$211,000||$7,122||4.88%|
|BOISE CITY, ID (FHA|USDA|VA)||2||$840,000||$420,000||$9,933||5.31%|
|Outside of Metro Areas||2||$810,000||$405,000||$8,282||6.06%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||4||$780,000||$195,000||$7,116||4.59%|
|MONTGOMERY, AL (FHA|USDA|VA)||5||$705,000||$141,000||$3,448||5.43%|
|MEDFORD, OR (FHA|USDA|VA)||2||$670,000||$335,000||$3,623||4.31%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$635,000||$635,000||$16,932||5.75%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||1||$485,000||$485,000||$10,319||5.25%|
|COLORADO SPRINGS, CO (FHA|USDA|VA)||1||$475,000||$475,000||$8,490||6.25%|
|Albertville, AL (FHA|USDA|VA)||1||$475,000||$475,000||$8,988||4.00%|
|SHERMAN-DENISON, TX (FHA|USDA|VA)||1||$475,000||$475,000||$13,397||7.13%|
|RENO, NV (FHA|USDA|VA)||1||$465,000||$465,000||$11,712||3.88%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||1||$425,000||$425,000||$9,750||4.38%|
|OGDEN-CLEARFIELD, UT (FHA|USDA|VA)||1||$415,000||$415,000||$9,342||5.63%|
|LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA)||2||$400,000||$200,000||$7,290||5.31%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||1||$355,000||$355,000||$5,743||5.50%|
|Fernley, NV (FHA|USDA|VA)||1||$335,000||$335,000||$9,988||4.50%|
|Sonora, CA (FHA|USDA|VA)||1||$335,000||$335,000||$10,890||4.75%|
|MODESTO, CA (FHA|USDA|VA)||1||$325,000||$325,000||$12,856||3.50%|
|Rexburg, ID (FHA|USDA|VA)||1||$265,000||$265,000||$9,863||4.99%|
|GRANTS PASS, OR (FHA|USDA|VA)||1||$245,000||$245,000||$4,920||5.12%|
|FRESNO, CA (FHA|USDA|VA)||1||$195,000||$195,000||$9,193||6.63%|
|BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)||1||$145,000||$145,000||$600||4.37%|
We use machine learning to identify the top lenders compared against MORTGAGE MANAGEMENT CONSULTANTS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 202 originations. Their 2nd most popular type was FHA, with 122 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Mortgage Management Consultants's most frequently cited loan purpose was Home Purchase, with 237 originations. The 2nd most popular reason was Refi, with 105 originations.
For 2022, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Mortgage Management Consultants's average total fees were $8,856, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 105 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Mortgage Management Consultants's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 103 originations.
2022 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 192 originations, totaling $56,570,000 in origination value.
Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 103 originations. The second most popular income band? $100k-150k, with 90 originations.
Applicant Debt to Income Ratio
Mortgage Management Consultants lent most frequently to those with DTI ratios of 50-60%, with 51 originations. The next most common DTI ratio? 49%, with 36 originations.
Approval RatesTotal approvals of all applications
Mortgage Management Consultants has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Mortgage Management Consultants has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Mortgage Research Center, LLC||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|
|Mortgage Research Center, LLC||VA mortgage||Trouble during payment process||1||50.0%|