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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Los Angeles, Las Vegas, Bakersfield, Riverside, and Seattle among others. We have data for 42 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 an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.17% 11/26/22
    30 Year Conventional Refi 7.07% 11/26/22
    30 Year FHA Purchase 7.94% 11/26/22
    30 Year FHA Refi 7.60% 11/26/22
    30 Year VA Purchase 6.92% 11/26/22
    30 Year VA Refi 6.63% 11/26/22
    30 Year USDA Purchase 7.54% 11/26/22
    15 Year Conventional Purchase 6.89% 11/26/22
    15 Year Conventional Refi 6.42% 11/26/22
    15 Year Cash-out Refi 6.42% 11/26/22
    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.


    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 mortgage rate was 3.26%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

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

    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.

    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) 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

    STRATA Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 726 originations. Their 2nd most popular type was FHA, with 210 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mortgage Management Consultants's most frequently cited loan purpose was Refi, with 547 originations. The 2nd most popular reason was 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 2021, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 934 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 318 $99,380,000 $312,516
    $<1k 251 $76,905,000 $306,394
    $2k-3k 149 $40,315,000 $270,570
    $5k+ 110 $47,030,000 $427,545
    $3k-4k 106 $29,110,000 $274,623
    $4k-5k 67 $22,295,000 $332,761

    Mortgage Management Consultants's average total fees were $5,983, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.26%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    98.42%

    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
    75.75%

    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%