Mortgage Management Consultants Rates, Fees & Info

PALMDALE, CA

LEI: 549300OQ5QR1CNV5HY08

Tax ID: 81-0615913

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

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Mortgage Data

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 San Luis Obispo among others. We have data for 53 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% 3/27/24
30 Year Conventional Refi 6.97% 3/27/24
30 Year FHA Purchase 7.60% 3/27/24
30 Year FHA Refi 7.30% 3/27/24
30 Year VA Purchase 6.48% 3/27/24
30 Year VA Refi 6.58% 3/27/24
15 Year Conventional Purchase 6.33% 3/27/24
15 Year Conventional Refi 5.68% 3/27/24
15 Year Cash-out Refi 5.68% 3/27/24
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

1,293

Origination Dollar Volume (All Markets)

$379,065,000

Awards

MORTGAGE MANAGEMENT CONSULTANTS 30 Year Conventional Loans silver MORTGAGE MANAGEMENT CONSULTANTS FHA Loans bronze MORTGAGE MANAGEMENT CONSULTANTS FHA Loans gold MORTGAGE MANAGEMENT CONSULTANTS 30 Year Conventional Loans silver
Show all (4) 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) 557 $181,665,000 $326,149 $5,770 3.16%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 440 $109,450,000 $248,750 $3,920 3.29%
BAKERSFIELD, CA (FHA|USDA|VA) 107 $27,215,000 $254,346 $5,899 3.19%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 43 $12,865,000 $299,186 $6,164 3.15%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 18 $7,350,000 $408,333 $4,555 3.21%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $5,375,000 $413,462 $7,939 2.98%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 10 $4,740,000 $474,000 $5,558 3.24%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $2,450,000 $408,333 $3,298 2.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $2,330,000 $388,333 $3,954 2.94%
MONTGOMERY, AL (FHA|USDA|VA) 13 $1,945,000 $149,615 $2,423 3.32%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,835,000 $367,000 $4,147 3.05%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,520,000 $760,000 $8,673 3.38%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,510,000 $377,500 $11,154 2.66%
SALT LAKE CITY, UT (FHA|USDA|VA) 5 $1,455,000 $291,000 $3,625 2.80%
Outside of Metro Areas 5 $1,405,000 $281,000 $3,560 3.30%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,370,000 $342,500 $4,160 3.00%
CHICO, CA (FHA|USDA|VA) 4 $1,040,000 $260,000 $5,970 3.00%
BOISE CITY, ID (FHA|USDA|VA) 3 $805,000 $268,333 $7,017 3.67%
FRESNO, CA (FHA|USDA|VA) 3 $795,000 $265,000 $5,484 3.21%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $705,000 $235,000 $2,668 2.71%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $4,240 2.88%
GRANTS PASS, OR (FHA|USDA|VA) 2 $610,000 $305,000 $1,572 3.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $600,000 $300,000 $12,163 3.00%
SALINAS, CA (FHA|USDA|VA) 1 $545,000 $545,000 $16,497 3.13%
Newport, OR (FHA|USDA|VA) 1 $515,000 $515,000 $2,490 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $505,000 $505,000 $5,928 3.38%
Oak Harbor, WA (FHA|USDA|VA) 1 $495,000 $495,000 $742 4.25%
STOCKTON, CA (FHA|USDA|VA) 1 $435,000 $435,000 $4,937 2.99%
EL CENTRO, CA (FHA|USDA|VA) 2 $430,000 $215,000 $6,974 2.69%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $385,000 $128,333 $2,383 3.17%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,844 2.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,316 3.06%
FORT COLLINS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $9,709 2.88%
VISALIA, CA (FHA|USDA|VA) 2 $350,000 $175,000 $7,453 2.81%
Outside of Metro Areas 1 $315,000 $315,000 $6,600 2.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,847 3.38%
MEDFORD, OR (FHA|USDA|VA) 1 $305,000 $305,000 $8,906 3.63%
Pahrump, NV (FHA|USDA|VA) 1 $305,000 $305,000 $8,708 3.50%
RENO, NV (FHA|USDA|VA) 1 $305,000 $305,000 $3,409 2.88%
TUCSON, AZ (FHA|USDA|VA) 2 $300,000 $150,000 $3,674 2.94%
Rexburg, ID (FHA|USDA|VA) 1 $275,000 $275,000 $7,212 3.63%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $265,000 $265,000 $7,782 3.00%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $265,000 $265,000 $1,272 2.88%
Cedar City, UT (FHA|USDA|VA) 1 $255,000 $255,000 $4,052 2.63%
MODESTO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $10,654 3.38%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $245,000 $245,000 $3,798 2.99%
CARSON CITY, NV (FHA|USDA|VA) 1 $235,000 $235,000 $12,028 3.25%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $215,000 $215,000 $2,761 2.50%
Port Angeles, WA (FHA|USDA|VA) 1 $215,000 $215,000 $3,544 3.63%
Show Low, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $894 2.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $1,033 3.00%
MERCED, CA (FHA|USDA|VA) 1 $115,000 $115,000 $1,335 2.88%
TWIN FALLS, ID (FHA|USDA|VA) 1 $85,000 $85,000 $2,840 3.75%
Mortgage Management Consultants's top markets include Los Angeles, Las Vegas, Bakersfield, Riverside, and San Luis Obispo among others.

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

    Chaffey Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 944 $268,450,000 $284,375 $4,019 3.18%
    FHA 233 $68,695,000 $294,828 $8,498 3.33%
    VA 111 $40,835,000 $367,883 $7,244 3.03%
    USDA 5 $1,085,000 $217,000 $5,104 3.24%

    For 2020, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 944 originations. Their 2nd most popular type was FHA, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 831 $233,945,000 $281,522 $4,443 3.15%
    Home Purchase 462 $145,120,000 $314,113 $6,269 3.28%

    For 2020, Mortgage Management Consultants's most frequently cited loan purpose was Refi, with 831 originations. The 2nd most popular reason was Home Purchase, with 462 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,167 $347,455,000 $297,734 $5,224 3.23%
    15 Year 70 $16,870,000 $241,000 $3,704 2.76%
    20 Year 37 $9,585,000 $259,054 $3,815 3.02%
    Other 18 $5,090,000 $282,778 $4,259 3.09%
    10 Year 1 $65,000 $65,000 $2,800 2.75%

    For 2020, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 1,167 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 442 $127,210,000 $287,805
    $<1k 356 $104,280,000 $292,921
    $2k-3k 167 $42,905,000 $256,916
    $3k-4k 127 $33,375,000 $262,795
    $5k+ 102 $39,730,000 $389,510
    $4k-5k 99 $31,565,000 $318,838

    Mortgage Management Consultants's average total fees were $5,224, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 442 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 610 $180,390,000 $295,721
    2.5-3% 516 $149,780,000 $290,271
    <2.5% 86 $26,370,000 $306,628
    4-5% 78 $21,380,000 $274,103
    5-6% 3 $1,145,000 $381,667

    During 2020, Mortgage Management Consultants's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 610 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 798 $227,530,000 $285,125 $5,065 3.21%
    $100k-200k 251 $40,585,000 $161,693 $3,522 3.18%
    $400k-600k 201 $94,665,000 $470,970 $7,008 3.15%
    $100,000 or less 22 $1,830,000 $83,182 $2,950 3.27%
    $600k-1MM 21 $14,455,000 $688,333 $8,351 3.33%

    2020 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 798 originations, totaling $227,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 326 $81,590,000 $250,276 $5,025 3.23%
    $100k-150k 295 $100,095,000 $339,305 $5,645 3.19%
    $75k-100k 280 $84,470,000 $301,679 $5,516 3.20%
    $50k or less 222 $48,530,000 $218,604 $4,197 3.20%
    $150k-250k 124 $46,690,000 $376,532 $5,210 3.16%
    $250k+ 41 $16,395,000 $399,878 $3,367 3.08%

    Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 326 originations. The second most popular income band? $100k-150k, with 295 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 204 $60,710,000 $297,598 $4,683 3.16%
    20-30% 200 $55,000,000 $275,000 $4,209 3.12%
    50-60% 88 $29,230,000 $332,159 $9,184 3.26%
    <20% 74 $18,080,000 $244,324 $3,268 2.95%
    44% 68 $19,950,000 $293,382 $5,035 3.40%
    42% 64 $18,680,000 $291,875 $5,002 3.20%
    41% 59 $16,445,000 $278,729 $4,476 3.33%
    38% 54 $15,380,000 $284,815 $5,945 3.28%
    43% 49 $14,655,000 $299,082 $4,881 3.31%
    45% 49 $13,595,000 $277,449 $5,094 3.22%
    49% 48 $14,070,000 $293,125 $4,967 3.22%
    36% 48 $14,790,000 $308,125 $5,019 3.15%
    40% 45 $13,025,000 $289,444 $5,523 3.22%
    39% 44 $12,750,000 $289,773 $4,896 3.26%
    37% 44 $11,590,000 $263,409 $4,898 3.24%
    48% 38 $11,420,000 $300,526 $5,637 3.25%
    47% 37 $11,265,000 $304,459 $5,483 3.45%
    46% 34 $11,240,000 $330,588 $5,208 3.24%
    >60% 7 $2,595,000 $370,714 $8,797 2.86%

    Mortgage Management Consultants lent most frequently to those with DTI ratios of 30-36%, with 204 originations. The next most common DTI ratio? 20-30%, with 200 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,132 $329,810,000 $291,352 $5,102 3.19%
    Asian 77 $23,815,000 $309,286 $4,823 3.14%
    Black 72 $21,300,000 $295,833 $5,040 3.32%
    Not provided 7 $2,505,000 $357,857 $4,766 3.13%
    American Indian 3 $985,000 $328,333 $7,249 3.33%
    Native Hawaiian or Islander 2 $650,000 $325,000 $5,448 3.94%

    Approval Rates

    Total approvals of all applications
    98.61%

    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
    84.45%

    Mortgage Management Consultants has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,293 $379,065,000 $293,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $4,405,000 $231,842
    Single Family (1-4 Units):Site-Built 1,274 $374,660,000 $294,082

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $9,915,000 $187,075 $3,832 2.93%
    40-60% 216 $51,860,000 $240,093 $3,591 3.03%
    60-80% 494 $148,510,000 $300,628 $4,494 3.23%
    80-100% 529 $168,385,000 $318,308 $6,394 3.26%
    Over 100% 1 $395,000 $395,000 $6,596 3.50%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Mortgage Connect LP Conventional home mortgage Trouble during payment process 1 100.0%