The Mortgage Record
Lender report card · New Jersey

Mlb Residential Lending, Llc

Springfield, NJ · What the federal mortgage record shows about how Mlb Residential Lending, Llc treated New Jersey applicants, 2018–2025 — 4,926 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
92.9%
4,578 approved
Denial rate
7.1%
348 denied
Decisions
4,926
2018–2025
Avg. rate spread
+0.94 pp
vs. market benchmark
92.9% approved
7.1% denied

Share of 4,926 New Jersey applications Mlb Residential Lending, Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.8% of 2,812 · NJ 87%FHA90.2% of 2,016 · NJ 79%VA94.8% of 97 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

85%88%91%94%97%91%93%95%95%92%91%89%92%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Mlb Residential Lending, Llc’s rates ran +0.43 pp higher than the typical New Jersey lender (average rate spread +0.94 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Mlb Residential Lending, Llc approves

By income
Under $50k90.9% · 309$50–75k91.4% · 874$75–100k93.5% · 1,254$100–150k92.7% · 1,510$150–250k94.6% · 774$250k+93.8% · 176
By debt-to-income
Under 36%95.8% · 95036–43%94.6% · 1,07743–50%95.5% · 1,741Over 50%83.6% · 1,037
By down payment (LTV)
20%+ down94.9% · 1,92610–20% down93.3% · 5085–10% down92.8% · 6553–5% down91.3% · 1,185Under 3% down82.6% · 92

Why Mlb Residential Lending, Llc denied applications

Debt-to-income ratio32% of denialsCollateral (value/type)25% of denialsOther22% of denialsCredit history10% of denialsInsufficient cash to close8% of denialsEmployment history7% of denials

Where Mlb Residential Lending, Llc lends in NJ

CountyDecisionsApproval
Union County99492.1%
Middlesex County68895.2%
Essex County66790.9%
Bergen County47096.6%
Passaic County35091.4%
Somerset County29994.3%
Sussex County28095.7%
Morris County24996.8%

Fees & closing costs

Median total loan costs
$12,533
home purchase
As % of loan
3.82%
NJ median 1.93%
Priced originations
3,084
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Mlb Residential Lending, Llc’s home-purchase originations — 1.88 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $128. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Mlb Residential Lending, Llc (LEI 549300DW87L2IZ7ZHF47). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →