Mortgage Management Consultants Rates, Fees & Info
PALMDALE, CALEI: 549300OQ5QR1CNV5HY08
Tax ID: 81-0615913
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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, Las Vegas, Bakersfield, Riverside, and Phoenix among others. We have data for 29 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 a high 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% | 9/1/24 |
30 Year Conventional Refi | 6.97% | 9/1/24 |
30 Year FHA Purchase | 7.60% | 9/1/24 |
30 Year FHA Refi | 7.30% | 9/1/24 |
30 Year VA Purchase | 6.48% | 9/1/24 |
30 Year VA Refi | 6.58% | 9/1/24 |
15 Year Conventional Purchase | 6.33% | 9/1/24 |
15 Year Conventional Refi | 5.68% | 9/1/24 |
15 Year Cash-out Refi | 5.68% | 9/1/24 |
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
342Origination Dollar Volume (All Markets)
$119,620,000MORTGAGE MANAGEMENT CONSULTANTS - 2022
MORTGAGE MANAGEMENT CONSULTANTS is a 2022 , due to their low .
For 2022, 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) | 132 | $55,670,000 | $421,742 | $10,970 | 4.96% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 126 | $38,380,000 | $304,603 | $6,838 | 4.71% |
BAKERSFIELD, CA (FHA|USDA|VA) | 32 | $9,100,000 | $284,375 | $9,811 | 5.08% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,465,000 | $352,143 | $8,904 | 5.09% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $4,601 | 3.94% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $4,934 | 4.33% |
Pahrump, NV (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $7,122 | 4.88% |
BOISE CITY, ID (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $9,933 | 5.31% |
Outside of Metro Areas | 2 | $810,000 | $405,000 | $8,282 | 6.06% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $7,116 | 4.59% |
MONTGOMERY, AL (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $3,448 | 5.43% |
MEDFORD, OR (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,623 | 4.31% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $16,932 | 5.75% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,319 | 5.25% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,490 | 6.25% |
Albertville, AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,988 | 4.00% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $13,397 | 7.13% |
RENO, NV (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $11,712 | 3.88% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $9,750 | 4.38% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,342 | 5.63% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,290 | 5.31% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,743 | 5.50% |
Fernley, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,988 | 4.50% |
Sonora, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,890 | 4.75% |
MODESTO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,856 | 3.50% |
Rexburg, ID (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,863 | 4.99% |
GRANTS PASS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,920 | 5.12% |
FRESNO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,193 | 6.63% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $600 | 4.37% |
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 | 202 | $70,440,000 | $348,713 | $6,669 | 4.86% |
FHA | 122 | $42,550,000 | $348,770 | $12,197 | 4.90% |
VA | 18 | $6,630,000 | $368,333 | $9,937 | 4.90% |
For 2022, Mortgage Management Consultants's most frequently originated type of loan was Conventional, with 202 originations. Their 2nd most popular type was FHA, with 122 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 237 | $89,605,000 | $378,080 | $9,171 | 4.98% |
Refi | 105 | $30,015,000 | $285,857 | $7,969 | 4.64% |
For 2022, Mortgage Management Consultants's most frequently cited loan purpose was Home Purchase, with 237 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
For 2022, Mortgage Management Consultants's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Mortgage Management Consultants's average total fees were $8,856, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 105 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 103 | $35,005,000 | $339,854 |
3-4% | 98 | $33,990,000 | $346,837 |
5-6% | 92 | $32,870,000 | $357,283 |
6-7% | 42 | $14,640,000 | $348,571 |
7-8% | 7 | $3,115,000 | $445,000 |
During 2022, 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 103 originations.
Loan Sizing
2022 saw Mortgage Management Consultants place emphasis on $200k-400k loans with 192 originations, totaling $56,570,000 in origination value.
Applicant Income
Mortgage Management Consultants lent most frequently to those with incomes in the $50k-75k range, with 103 originations. The second most popular income band? $100k-150k, with 90 originations.
Applicant Debt to Income Ratio
Mortgage Management Consultants lent most frequently to those with DTI ratios of 50-60%, with 51 originations. The next most common DTI ratio? 49%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.56%
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 origination67.84%
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 | 342 | $119,620,000 | $349,766 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Mortgage Research Center, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
Mortgage Research Center, LLC | VA mortgage | Trouble during payment process | 1 | 50.0% |