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Mlb Residential Lending, LLC

Independent Mortgage CompanySPRINGFIELD, NJDirect to Consumer

We analyzed every closed loan from Mlb Residential Lending 446 loans across 823 applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Mediocre
vs. all lenders
Pull Through
Sound
closing strength
Products
Strong
FHA · Conventional · VA
Place
Strong
Multi-Region · 6 mkts

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Safe Rate's Summary

Things to Think About

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

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Report Card

Mlb Residential Lending, LLC performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Mediocre
Below peers
+76.5 bps above market avg
Pull Through
Closing strength
Sound
Industry Standard
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Industry Standard
Top 60% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Acceptable
Near industry average
Bottom 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Industry Standard
Top 60% of lenders
Refinance
Acceptable
Near industry average
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Multi-Regional7 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Sound
Mediocre
Acceptable
25156.3%
+0.694%Above
$5,364Fees
FHA Loans
Acceptable
Strong
Mediocre
Sound
17839.9%
+0.932%Above
$5,370Fees
VA Loans
Mediocre
Acceptable
Mediocre
153.4%
-0.037%Below
$3,416Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Sound
Mediocre
Sound
40691.0%
+0.769%Above
$5,273Fees
Refinance
Mediocre
Acceptable
Mediocre
409.0%
+0.696%Above
$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
States Served
21
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

ALAZCACOCTDEFLILINMDMINCNJNYOKPASCTNTXVAWA

Top Metro Areas by Place Specialization Score

1
Newark, NJ, NJMSA
Volume: 103Mix: 23.09%of portfolio
Place
Strong
2
Lakewood, NJMSA
Volume: 82Mix: 18.39%of portfolio
Place
Strong
3
New York, NY-NJMSA
Volume: 79Mix: 17.71%of portfolio
Place
Strong
4
Nassau County, NYMSA
Volume: 33Mix: 7.40%of portfolio
Place
Sound
5
Camden, NJ, NJMSA
Volume: 19Mix: 4.26%of portfolio
Place
Sound
6
Philadelphia, PA, PAMSA
Volume: 14Mix: 3.14%of portfolio
Place
Sound

Top States by Place Specialization Score

1
NJState
Volume: 272Mix: 60.99%of portfolio
Place
Strong
2
NYState
Volume: 64Mix: 14.35%of portfolio
Place
Sound
3
PAState
Volume: 24Mix: 5.38%of portfolio
Place
Sound
4
FLState
Volume: 19Mix: 4.26%of portfolio
Place
Sound
5
CTState
Volume: 10Mix: 2.24%of portfolio
Place
Sound
6
TXState
Volume: 17Mix: 3.81%of portfolio
Place
Acceptable

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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.