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 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.
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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
1,002Origination Dollar Volume (All Markets)
$315,130,000Awards
MORTGAGE MANAGEMENT CONSULTANTS - 2021
MORTGAGE MANAGEMENT CONSULTANTS is a 2021 , due to their low .
For 2021, 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) | 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% |
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
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
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
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
2021 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 589 originations, totaling $170,665,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.42%
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 origination75.75%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Mortgage Connect LP | VA mortgage | Closing on a mortgage | 1 | 100.0% |