Mortgage Management Consultants Rates, Fees & Info
PALMDALE, CALEI: 549300OQ5QR1CNV5HY08
Tax ID: 81-0615913
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Mortgage Data
Review & Overview
Mortgage Management Consultants is a smaller mortgage company specializing in Home Purchase 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 Madera among others. We have data for 22 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 11/17/24 |
| 30 Year Conventional Refi | 6.97% | 11/17/24 |
| 30 Year FHA Purchase | 7.60% | 11/17/24 |
| 30 Year FHA Refi | 7.30% | 11/17/24 |
| 30 Year VA Purchase | 6.48% | 11/17/24 |
| 30 Year VA Refi | 6.58% | 11/17/24 |
| 15 Year Conventional Purchase | 6.33% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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 Estimates
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This is not an official calculator from Mortgage Management Consultants. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
162Origination Dollar Volume (All Markets)
$60,570,000Awards
MORTGAGE MANAGEMENT CONSULTANTS - 2023
MORTGAGE MANAGEMENT CONSULTANTS is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mortgage Management Consultants's average 30 year fixed mortgage rate was
6.84%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.36%.
Relative Fees (Closing Costs)
Mortgage Management Consultants's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,798.
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 $9,089.
Top Markets
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) | 59 | $28,145,000 | $477,034 | $12,908 | 6.81% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 50 | $16,600,000 | $332,000 | $7,578 | 6.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 23 | $6,635,000 | $288,478 | $8,163 | 6.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $3,875,000 | $430,556 | $13,666 | 7.07% |
| MADERA, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $10,064 | 6.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $15,962 | 6.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,918 | 7.06% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,398 | 7.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,970 | 6.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $650 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,050 | 6.75% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,042 | 6.50% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,975 | 7.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,091 | 7.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,031 | 6.62% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,889 | 6.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $535 | 6.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,656 | 6.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,663 | 5.88% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,276 | 6.25% |
| Albertville, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,025 | 7.75% |
Similar Lenders
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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $29,065,000 | $350,181 | $6,993 | 6.96% |
| FHA | 66 | $25,830,000 | $391,364 | $13,912 | 6.73% |
| VA | 13 | $5,675,000 | $436,538 | $5,962 | 6.59% |
For 2023, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was FHA, with 66 originations.
Loan Reason
For 2023, Mortgage Management Consultants's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 162 | $60,570,000 | $373,889 | $9,798 | 6.84% |
For 2023, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 162 originations.
Origination Fees/Closing Costs
Mortgage Management Consultants's average total fees were $9,798, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 67 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 93 | $34,305,000 | $368,871 |
| 7-8% | 44 | $17,330,000 | $393,864 |
| 5-6% | 16 | $5,780,000 | $361,250 |
| Over 8% | 8 | $2,720,000 | $340,000 |
| 4-5% | 1 | $435,000 | $435,000 |
During 2023, Mortgage Management Consultants's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 6-7%, with 93 originations.
Loan Sizing
2023 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 87 originations, totaling $26,565,000 in origination value.
Applicant Income
Mortgage Management Consultants lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
Mortgage Management Consultants lent most frequently to those with DTI ratios of 50-60%, with 22 originations. The next most common DTI ratio? 48%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.52%
Mortgage Management Consultants has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.99%
Mortgage Management Consultants has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 162 | $60,570,000 | $373,889 |