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 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, Bakersfield, Riverside, Oxnard, and Tucson among others. We have data for 7 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
47Origination Dollar Volume (All Markets)
$12,595,000Awards
MORTGAGE MANAGEMENT CONSULTANTS - 2019
MORTGAGE MANAGEMENT CONSULTANTS is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 33 | $9,535,000 | $288,939 | $5,997 | 4.89% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $4,941 | 4.86% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $6,840 | 5.08% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,415 | 4.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,583 | 4.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,377 | 4.38% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,395 | 4.75% |
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 | 22 | $5,590,000 | $254,091 | $4,140 | 5.13% |
| FHA | 18 | $4,720,000 | $262,222 | $8,020 | 4.74% |
| VA | 7 | $2,285,000 | $326,429 | $4,127 | 4.41% |
For 2019, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 22 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $8,715,000 | $281,129 | $5,373 | 4.91% |
| Refi | 16 | $3,880,000 | $242,500 | $6,177 | 4.80% |
For 2019, Mortgage Management Consultants's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 46 | $12,270,000 | $266,739 | $5,745 | 4.88% |
| 15 Year | 1 | $325,000 | $325,000 | $2,589 | 4.88% |
For 2019, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 46 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Mortgage Management Consultants's average total fees were $5,745, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 29 | $7,975,000 | $275,000 |
| 5-6% | 12 | $3,000,000 | $250,000 |
| 3-4% | 3 | $865,000 | $288,333 |
| 6-7% | 3 | $755,000 | $251,667 |
During 2019, 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 29 originations.
Loan Sizing
2019 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 28 originations, totaling $8,240,000 in origination value.
Applicant Income
Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
Mortgage Management Consultants lent most frequently to those with DTI ratios of 50-60%, with 8 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Mortgage Management Consultants has an average approval rate.
Pick Rate
Approvals leading to origination-142.55%
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 |
|---|---|---|---|
| NA | 47 | $12,595,000 | $267,979 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 47 | $12,595,000 | $267,979 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MORTGAGE CENTER, LC | VA 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% |