Mortgage Management Consultants Rates, Fees & Info

PALMDALE, CA

LEI: 549300OQ5QR1CNV5HY08

Tax ID: 81-0615913

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mortgage 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. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Bakersfield, Riverside, San Luis Obispo, and Oxnard among others. We have data for 14 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 6.92% 12/16/24
    30 Year Conventional Refi 6.97% 12/16/24
    30 Year FHA Purchase 7.60% 12/16/24
    30 Year FHA Refi 7.30% 12/16/24
    30 Year VA Purchase 6.48% 12/16/24
    30 Year VA Refi 6.58% 12/16/24
    15 Year Conventional Purchase 6.33% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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

    Estimated 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.


    Originations

    302

    Origination Dollar Volume (All Markets)

    $85,760,000

    Awards

    MORTGAGE MANAGEMENT CONSULTANTS FHA Loans gold MORTGAGE MANAGEMENT CONSULTANTS FHA Loans gold MORTGAGE MANAGEMENT CONSULTANTS VA Loans gold
    Show all (3) awards

    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) 220 $64,350,000 $292,500 $6,250 4.85%
    BAKERSFIELD, CA (FHA|USDA|VA) 52 $12,410,000 $238,654 $5,771 4.97%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $3,090,000 $257,500 $5,510 5.08%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $1,785,000 $357,000 $4,660 4.98%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $995,000 $331,667 $3,599 4.54%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $670,000 $335,000 $7,874 4.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $495,000 $495,000 $12,820 4.88%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,727 4.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $10,708 4.75%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $385,000 $385,000 $4,457 5.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,620 4.88%
    REDDING, CA (FHA|USDA|VA) 1 $155,000 $155,000 $4,680 4.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,159 4.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $85,000 $85,000 $4,200 4.63%
    Mortgage Management Consultants's top markets include Los Angeles, Bakersfield, Riverside, San Luis Obispo, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Washington (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.

    COASTHILLS
    Similarity Rank: 48
    SESLOC
    Similarity Rank: 70
    FRONTWAVE
    Similarity Rank: 92
    SAFE 1 CREDIT UNION
    Similarity Rank: 96
    LBS FINANCIAL
    Similarity Rank: 210
    Resource Lenders Inc.
    Similarity Rank: 220
    AltaOne Federal Credit Union
    Similarity Rank: 220
    LA Financial Federal Credit Union
    Similarity Rank: 321
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 351
    Nevada Mortgage Inc.
    Similarity Rank: 363

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 147 $41,155,000 $279,966 $4,796 4.97%
    FHA 109 $29,885,000 $274,174 $7,446 4.84%
    VA 43 $14,115,000 $328,256 $7,456 4.67%
    USDA 3 $605,000 $201,667 $3,591 5.00%

    For 2018, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was FHA, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 222 $64,080,000 $288,649 $6,224 4.89%
    Refi 78 $21,160,000 $271,282 $5,816 4.84%
    Cash Out Refi 2 $520,000 $260,000 $3,613 5.06%

    For 2018, Mortgage Management Consultants's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 293 $83,795,000 $285,990 $6,186 4.88%
    20 Year 5 $1,185,000 $237,000 $3,368 5.05%
    15 Year 3 $515,000 $171,667 $3,353 4.38%
    Other 1 $265,000 $265,000 $2,600 4.25%

    For 2018, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 293 originations. The 2nd most popular length was 20 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 109 $32,285,000 $296,193
    $1k-2k 100 $25,970,000 $259,700
    $5k+ 29 $10,095,000 $348,103
    $2k-3k 23 $5,925,000 $257,609
    $4k-5k 19 $5,135,000 $270,263
    $3k-4k 18 $4,960,000 $275,556

    Mortgage Management Consultants's average total fees were $6,186, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 109 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 204 $59,880,000 $293,529
    5-6% 89 $23,255,000 $261,292
    3-4% 7 $2,225,000 $317,857
    6-7% 2 $400,000 $200,000

    During 2018, 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 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 211 $59,345,000 $281,256 $5,958 4.87%
    $100k-200k 43 $7,255,000 $168,721 $4,217 4.99%
    $400k-600k 37 $17,095,000 $462,027 $9,412 4.75%
    $100,000 or less 9 $695,000 $77,222 $4,057 5.03%
    $600k-1MM 2 $1,370,000 $685,000 $6,387 4.81%

    2018 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 211 originations, totaling $59,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 90 $22,400,000 $248,889 $5,446 4.92%
    $75k-100k 83 $23,945,000 $288,494 $6,400 4.90%
    $100k-150k 67 $21,855,000 $326,194 $7,001 4.81%
    $50k or less 29 $5,125,000 $176,724 $4,910 4.90%
    $150k-250k 25 $9,295,000 $371,800 $6,597 4.82%
    $250k+ 8 $3,140,000 $392,500 $5,620 4.95%

    Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 90 originations. The second most popular income band? $75k-100k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 55 $16,755,000 $304,636 $7,581 4.76%
    30-36% 35 $9,165,000 $261,857 $5,894 4.89%
    20-30% 26 $6,140,000 $236,154 $4,813 4.96%
    44% 19 $5,115,000 $269,211 $5,994 5.13%
    39% 18 $5,120,000 $284,444 $7,224 4.81%
    48% 17 $5,385,000 $316,765 $7,398 4.91%
    47% 16 $4,360,000 $272,500 $6,248 4.63%
    49% 15 $4,295,000 $286,333 $5,433 4.90%
    42% 15 $4,455,000 $297,000 $5,144 5.02%
    43% 14 $3,930,000 $280,714 $4,185 4.88%
    41% 10 $3,340,000 $334,000 $7,321 4.81%
    45% 10 $2,710,000 $271,000 $4,854 5.00%
    46% 10 $2,700,000 $270,000 $4,157 4.83%
    36% 9 $2,405,000 $267,222 $5,796 5.29%
    40% 9 $2,425,000 $269,444 $5,085 4.97%
    37% 9 $2,995,000 $332,778 $6,451 4.79%
    38% 8 $2,160,000 $270,000 $4,828 4.69%
    <20% 4 $1,020,000 $255,000 $3,897 4.72%
    >60% 3 $1,285,000 $428,333 $10,078 4.88%

    Mortgage Management Consultants lent most frequently to those with DTI ratios of 50-60%, with 55 originations. The next most common DTI ratio? 30-36%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 262 $74,190,000 $283,168 $6,110 4.87%
    Black 28 $8,000,000 $285,714 $5,214 5.03%
    Asian 11 $3,145,000 $285,909 $8,243 4.73%
    Not provided 1 $425,000 $425,000 $2,763 4.75%

    Approval Rates

    Total approvals of all applications
    99.21%

    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
    75.50%

    Mortgage Management Consultants has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 302 $85,760,000 $283,974

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $965,000 $193,000
    Single Family (1-4 Units):Site-Built 297 $84,795,000 $285,505

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $460,000 $115,000 $3,874 5.09%
    40-60% 21 $4,795,000 $228,333 $5,009 4.68%
    60-80% 63 $17,955,000 $285,000 $5,206 4.95%
    80-100% 210 $62,280,000 $296,571 $6,579 4.87%
    Under 20% 4 $270,000 $67,500 $4,046 4.88%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MORTGAGE CENTER, LC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    MORTGAGE CENTER, LC Conventional home mortgage Closing on a mortgage 1 50.0%