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MLB Residential Lending

Independent Mortgage Company•Springfield, NJHQ•Direct•Reviews near you on Google

We analyzed every closed loan from MLB Residential Lending — 446 loans across 823 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Mediocre
1/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA
Place
Strong
4/5
Multi-Region · 6 mkts

Safe Rate Summary

Things to Think About

  • Rates typically 77 basis points above market average
  • Higher than average fees ($5,286)

Explore another lender or local market

Report Card

MLB Residential Lending performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
+76.5 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Acceptable
Bottom 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Acceptable
Volume251
Mix56.3%
Spread
+0.694%Above
Fees
$5,364Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Sound
Volume178
Mix39.9%
Spread
+0.932%Above
Fees
$5,370Fees
VA Loans
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through
Mediocre
Volume15
Mix3.4%
Spread
-0.037%Below
Fees
$3,416Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Acceptable
Product
Sound
Pricing
Mediocre
Pull Through
Sound
Volume406
Mix91.0%
Spread
+0.769%Above
Fees
$5,273Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through
Mediocre
Volume40
Mix9.0%
Spread
+0.696%Above
Fees
$5,521Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
446
Applications
823
Volume
$189 million
Pricing & Closing
Avg Rate Spread
+0.765%
vs. market APOR
Avg Net Fees
$5,286
Origination − Credits
Pullthrough Rate
54.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$425,045
Avg Borrower Income
$150,334
Avg Property Value
$502,130

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
21
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

21
21 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
CTNJNYPA
Midwest3
ILINMI
South10
ALDEFLMDNCOKSCTNTXVA
West4
AZCACOWA

Top Metro Areas by Place Specialization Score

1© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 103Mix 23.09% of portfolio
76/100
Strong
2© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 82Mix 18.39% of portfolio
70/100
Strong
3© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 79Mix 17.71% of portfolio
66/100
Strong
4© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 33Mix 7.40% of portfolio
56/100
Sound
5© Gary Miotla · CC BY 3.0
Camden, NJMetro
Volume 19Mix 4.26% of portfolio
51/100
Sound
6© 颐园居 · CC BY-SA 4.0
Philadelphia, PAMetro
Volume 14Mix 3.14% of portfolio
46/100
Sound

Top States by Place Specialization Score

New Jersey
New Jersey
1
New JerseyState
Volume 272Mix 60.99% of portfolio
80/100
Strong
New York
New York
2
New YorkState
Volume 64Mix 14.35% of portfolio
59/100
Sound
Pennsylvania
Pennsylvania
3
PennsylvaniaState
Volume 24Mix 5.38% of portfolio
47/100
Sound
Florida
Florida
4
FloridaState
Volume 19Mix 4.26% of portfolio
41/100
Sound
Connecticut
Connecticut
5
ConnecticutState
Volume 10Mix 2.24% of portfolio
40/100
Sound
Texas
Texas
6
TexasState
Volume 17Mix 3.81% of portfolio
40/100
Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.