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MLB RESIDENTIAL LENDING, LLC
Independent Mortgage Company|SPRINGFIELD, NJ|Multi-Region
Loans Originated
446
Applications
823
Volume
$189 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.765%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$5,286
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
54.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Rates typically 77 basis points above market average
- Higher than average fees ($5,286)
Report Card
MLB RESIDENTIAL LENDING, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
VA | Acceptable | Near industry average | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 7 metro areas · 21 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$425,045
Average Borrower Income
$150,334
Average Property Value
$502,130
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Acceptable | 251 | 56.3% | +0.694% | $5,364 |
FHA Loans | Acceptable | Strong | Mediocre | Sound | 178 | 39.9% | +0.932% | $5,370 |
VA Loans | Mediocre | Acceptable | N/A | Mediocre | 15 | 3.4% | -0.037% | $3,416 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Mediocre | Sound | 406 | 91.0% | +0.769% | $5,273 |
Refinance | Mediocre | Acceptable | N/A | Mediocre | 40 | 9.0% | +0.696% | $5,521 |
Geographic Coverage
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%
Place Specialization
Strong
2
Lakewood, NJMSA
Volume: 82Mix: 18.39%
Place Specialization
Strong
3
New York, NY-NJMSA
Volume: 79Mix: 17.71%
Place Specialization
Strong
4
Nassau County, NYMSA
Volume: 33Mix: 7.40%
Place Specialization
Sound
5
Camden, NJ, NJMSA
Volume: 19Mix: 4.26%
Place Specialization
Sound
6
Philadelphia, PA, PAMSA
Volume: 14Mix: 3.14%
Place Specialization
Sound
Top States by Place Specialization Score
1
NJState
Volume: 272Mix: 60.99%
Place Specialization
Strong
2
NYState
Volume: 64Mix: 14.35%
Place Specialization
Sound
3
PAState
Volume: 24Mix: 5.38%
Place Specialization
Sound
4
FLState
Volume: 19Mix: 4.26%
Place Specialization
Sound
5
CTState
Volume: 10Mix: 2.24%
Place Specialization
Sound
6
TXState
Volume: 17Mix: 3.81%
Place Specialization
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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