Mortgage Management Consultants Rates, Fees & Info

PALMDALE, CA

LEI: 549300OQ5QR1CNV5HY08

Tax ID: 81-0615913

3.4 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mortgage Management Consultants is a smaller mortgage company specializing in Refi and Home Purchase loans. Mortgage Management Consultants has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Las Vegas, Bakersfield, Riverside, and Seattle among others. Mortgage Management Consultants has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mortgage Management Consultants is typically an average fee lendor.


Originations

1,002

Origination Dollar Volume (All Markets)

$315,130,000

Awards

MORTGAGE MANAGEMENT CONSULTANTS  FHA Loans silver MORTGAGE MANAGEMENT CONSULTANTS  30 Year Conventional Loans silver MORTGAGE MANAGEMENT CONSULTANTS  FHA Loans silver MORTGAGE MANAGEMENT CONSULTANTS  FHA Loans silver
Show all (4) awards

Relative Rate

Mortgage Management Consultants 's average 30 year fixed rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Mortgage Management Consultants 's average total fees for a 30 year fixed rate mortgage are $5,983.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 451 $161,225,000 $357,483 $6,860 3.14%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 335 $89,645,000 $267,597 $4,588 3.35%
BAKERSFIELD, CA (FHA|USDA|VA) 84 $23,280,000 $277,143 $6,238 3.24%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 32 $11,100,000 $346,875 $6,661 3.14%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,735,000 $390,714 $6,081 3.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $2,345,000 $335,000 $5,101 2.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $2,175,000 $435,000 $9,484 2.90%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,580,000 $395,000 $5,081 3.72%
BOISE CITY, ID (FHA|USDA|VA) 5 $1,565,000 $313,000 $8,603 3.95%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,545,000 $309,000 $4,556 3.13%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,380,000 $345,000 $2,627 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,365,000 $273,000 $5,843 3.20%
MONTGOMERY, AL (FHA|USDA|VA) 7 $1,205,000 $172,143 $3,776 3.41%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,195,000 $398,333 $3,467 3.04%
Outside of Metro Areas 6 $1,130,000 $188,333 $3,372 3.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,637 2.88%
ST. GEORGE, UT (FHA|USDA|VA) 2 $990,000 $495,000 $4,267 3.12%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $795,000 $795,000 $5,683 2.40%
Pahrump, NV (FHA|USDA|VA) 3 $705,000 $235,000 $5,225 3.58%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $685,000 $228,333 $3,479 3.42%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $630,000 $157,500 $4,277 3.25%
REDDING, CA (FHA|USDA|VA) 1 $545,000 $545,000 $3,973 3.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $5,513 3.50%
Oak Harbor, WA (FHA|USDA|VA) 1 $525,000 $525,000 $8,548 3.38%
Edwards, CO (FHA|USDA|VA) 1 $515,000 $515,000 $3,305 2.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $480,000 $240,000 $5,942 2.69%
Centralia, WA (FHA|USDA|VA) 1 $365,000 $365,000 $5,713 3.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $365,000 $365,000 $6,109 2.75%
Cedar City, UT (FHA|USDA|VA) 1 $355,000 $355,000 $5,272 3.25%
PROVO-OREM, UT (FHA|USDA|VA) 1 $355,000 $355,000 $5,397 2.75%
SALINAS, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,464 2.88%
MEDFORD, OR (FHA|USDA|VA) 1 $335,000 $335,000 $670 3.50%
TWIN FALLS, ID (FHA|USDA|VA) 2 $330,000 $165,000 $2,922 2.69%
Troy, AL (FHA|USDA|VA) 2 $290,000 $145,000 $4,836 3.94%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $275,000 $275,000 $3,411 3.13%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $235,000 $235,000 $2,745 2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $210,000 $105,000 $4,232 3.44%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,905 3.25%
TYLER, TX (FHA|USDA|VA) 1 $195,000 $195,000 $1,324 3.63%
ABILENE, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,577 3.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $135,000 $135,000 $830 2.88%
Klamath Falls, OR (FHA|USDA|VA) 1 $95,000 $95,000 $1,578 3.00%

Mortgage Management Consultants 's top markets include Los Angeles, Las Vegas, Bakersfield, Riverside, and Seattle among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 726 $220,940,000 $304,325 $4,662 3.25%
FHA 210 $66,410,000 $316,238 $9,184 3.22%
VA 63 $26,815,000 $425,635 $8,298 2.98%
USDA 3 $965,000 $321,667 $6,663 3.46%

For the 2021 period, Mortgage Management Consultants 's most frequently originated loan type of loans were Conventional, with 726 originations. Their 2nd most popular type is FHA, with 210 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 547 $152,225,000 $278,291 $4,905 3.17%
Home Purchase 455 $162,905,000 $358,033 $6,960 3.30%

For the 2021, Mortgage Management Consultants 's most frequently cited loan purpose of loans were Refi, with 547 originations. The 2nd most popular reason of loans were Home Purchase, with 455 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 934 $300,620,000 $321,863 $5,983 3.26%
15 Year 37 $7,535,000 $203,649 $3,907 2.63%
20 Year 26 $5,840,000 $224,615 $3,836 2.95%
Other 4 $880,000 $220,000 $2,759 3.25%
10 Year 1 $255,000 $255,000 $2,907 2.63%

For the 2021, Mortgage Management Consultants 's most frequently cited loan length of loans were 30 Year, with 934 originations. The 2nd most popular length of loans were 15 Year, with 37 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 318 $99,380,000 $312,516
$<1k 251 $76,905,000 $306,394
$3k-4k 173 $51,405,000 $297,139
$2k-3k 149 $40,315,000 $270,570
$5k+ 110 $47,030,000 $427,545

$5,983 of loans were Mortgage Management Consultants 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 318 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 602 $188,770,000 $313,571
2.5-3% 311 $98,645,000 $317,186
<2.5% 53 $17,335,000 $327,075
4-5% 36 $10,380,000 $288,333

During 2021, Mortgage Management Consultants 's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 602 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 589 $170,665,000 $289,754 $5,558 3.26%
$400k-600k 189 $90,305,000 $477,804 $7,517 3.15%
$100k-200k 175 $28,195,000 $161,114 $3,916 3.22%
$600k-1MM 35 $24,735,000 $706,714 $12,086 3.19%
$100,000 or less 14 $1,230,000 $87,857 $2,991 3.24%

2021 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 589 originations, totaling $170,665,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 268 $72,140,000 $269,179 $5,406 3.28%
$75k-100k 225 $74,015,000 $328,956 $6,514 3.24%
$100k-150k 201 $76,825,000 $382,214 $6,521 3.19%
$50k or less 193 $42,035,000 $217,798 $4,445 3.19%
$150k-250k 89 $39,745,000 $446,573 $7,288 3.22%
$250k+ 23 $9,605,000 $417,609 $4,535 3.23%

Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 268 originations. The second most popular income band? $75k-100k, with 225 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 148 $48,410,000 $327,095 $5,327 3.26%
20-30% 123 $33,095,000 $269,065 $4,753 3.21%
50-60% 88 $32,540,000 $369,773 $10,132 3.12%
44% 72 $21,380,000 $296,944 $5,336 3.33%
49% 59 $19,155,000 $324,661 $5,370 3.41%
43% 50 $16,680,000 $333,600 $4,794 3.19%
42% 42 $12,300,000 $292,857 $5,812 3.24%
46% 41 $13,165,000 $321,098 $5,607 3.36%
38% 40 $13,080,000 $327,000 $6,191 3.10%
40% 39 $11,835,000 $303,462 $5,868 3.26%
<20% 38 $9,940,000 $261,579 $3,605 2.95%
48% 37 $11,425,000 $308,784 $6,563 3.25%
37% 37 $12,015,000 $324,730 $6,426 3.25%
39% 36 $10,730,000 $298,056 $4,876 3.36%
41% 35 $11,555,000 $330,143 $5,828 3.30%
47% 34 $12,020,000 $353,529 $7,878 3.12%
45% 29 $8,095,000 $279,138 $5,377 3.34%
36% 22 $6,340,000 $288,182 $4,713 3.15%
>60% 4 $1,870,000 $467,500 $10,804 3.34%

Mortgage Management Consultants lent most frequently to those with DTI ratios of 30-36%, with 148 originations. The next most common DTI ratio? 20-30%, with 123 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 875 $272,905,000 $311,891 $5,737 3.22%
Black 54 $18,650,000 $345,370 $7,667 3.23%
Asian 41 $14,065,000 $343,049 $5,110 3.30%
Not provided 23 $6,065,000 $263,696 $6,203 3.47%
Native Hawaiian 7 $2,315,000 $330,714 $6,758 3.23%
American Indian 2 $1,130,000 $565,000 $8,361 2.81%

Approval Rates

Total approvals of all applications
98.26%

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 origination
76.10%

Mortgage Management Consultants has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,002 $315,130,000 $314,501

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,002 $315,130,000 $314,501

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 57 $9,485,000 $166,404 $3,671 2.96%
40-60% 161 $41,565,000 $258,168 $4,403 3.09%
60-80% 355 $108,815,000 $306,521 $5,114 3.31%
80-100% 413 $149,005,000 $360,787 $6,945 3.25%
Over 100% 13 $5,725,000 $440,385 $17,930 3.07%
Under 20% 2 $250,000 $125,000 $2,989 3.38%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Mortgage Connect LP VA mortgage Closing on a mortgage 1 100.0%