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ML Mortgage Corp.

Independent Mortgage Company|Rancho Cucamonga, CA|Multi-Region
Loans Originated
730
Applications
1,020
Volume
$344 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Strong

Pricing and Pullthrough Overview

Average Rate Spread
+0.608%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,642
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
71.6%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in FHA and VA loans

Things to Think About

  • Rates typically 61 basis points above market average
  • Higher than average fees ($4,642)

Report Card

ML Mortgage Corp. performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
MediocreBelow peers
Pull Through
Closing Strength
StrongHighly Competitive
Products
Loan Type Specialists
Specialization score by loan product
Conventional
SoundIndustry Standard
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
SoundIndustry Standard
Places
Geographic coverage
SoundMulti-Regional · 12 metro areas · 13 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$472,438
Average Borrower Income
$155,945
Average Property Value
$582,041

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Sound
Mediocre
Sound
36349.7%+0.574%$4,967
FHA Loans
Sound
Strong
Mediocre
Strong
32544.5%+0.725%$4,347
VA Loans
Acceptable
Strong
Mediocre
Sound
354.8%-0.153%$4,410

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Strong
Mediocre
Sound
62385.3%+0.656%$4,793
Refinance
Sound
Sound
Acceptable
Sound
10714.7%+0.351%$3,834

Geographic Coverage

Metro Areas
12
States Served
13
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

AZCACOFLHIINNVORPASCTNTXWA

Top Metro Areas by Place Specialization Score

1
Riverside, CAMSA
Volume: 333Mix: 45.62%
Place Specialization
Exceptional
2
Las Vegas, NVMSA
Volume: 87Mix: 11.92%
Place Specialization
Strong
3
Los Angeles, CAMSA
Volume: 87Mix: 11.92%
Place Specialization
Strong
4
Oxnard, CAMSA
Volume: 26Mix: 3.56%
Place Specialization
Sound
5
Santa Cruz, CAMSA
Volume: 13Mix: 1.78%
Place Specialization
Sound
6
Houston, TXMSA
Volume: 24Mix: 3.29%
Place Specialization
Sound
7
Salinas, CA, CAMSA
Volume: 11Mix: 1.51%
Place Specialization
Sound
8
Anaheim, CAMSA
Volume: 15Mix: 2.05%
Place Specialization
Sound
9
Phoenix, AZMSA
Volume: 17Mix: 2.33%
Place Specialization
Sound
10
San Diego, CAMSA
Volume: 14Mix: 1.92%
Place Specialization
Sound
Showing 10 of 12 metro areas

Top States by Place Specialization Score

1
CAState
Volume: 546Mix: 74.79%
Place Specialization
Strong
2
NVState
Volume: 88Mix: 12.05%
Place Specialization
Strong
3
TXState
Volume: 46Mix: 6.30%
Place Specialization
Sound
4
AZState
Volume: 22Mix: 3.01%
Place Specialization
Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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