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MLB Residential Lending, LLC

Springfield, NJ

MLB Residential Lending, LLC processed 991 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 500 loans with a 19.8% denial rate. Home Purchase was the primary loan purpose. Based in Springfield, NJ. The approval rate of 50.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. MLB Residential Lending, LLC's 50.5% origination rate tells you how often an application turned into funded money; the 19.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (476 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

991
Applications
500
Originated
19.8%
Denial Rate
$391,196
Avg Loan Amount
Avg Interest Rate: 7.286% Avg Applicant Income: $43,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 476 298 44 $399,517
FHA 456 185 129 $379,408
VA 56 16 21 $422,679
USDA 3 1 2 $275,000

Top loan types - MLB Residential Lending, LLC

Top loan types - MLB Residential Lending, LLC Horizontal bar chart of the top 4 items by value (applications). Top loan types - MLB Residential Lending, LLC Top 4 1. Conventional 476 2. FHA 456 3. VA 56 4. USDA 3 Top 5 loan types by application volume at MLB Residential Lending, LLC (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for MLB Residential Lending, LLC (LEI: 549300DW87L2IZ7ZHF47) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
72
Other
64
Credit history
53
Unverifiable information
16
Collateral
15
Insufficient cash
9
Employment history
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 777 431 $401,126
Cash-out Refinancing 161 54 $332,826
Refinancing 52 14 $428,077
Home Improvement 1 1 $155,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 615 59.2% 14.6%
Black or African American 235 41.7% 24.3%
Asian * 33 36.4% 15.2%
Joint * 25 64.0% 12.0%
American Indian or Alaska Native * 5 20.0% 40.0%
2 or more minority races * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 540 50.2% 20.9%
Hispanic or Latino 347 59.4% 13.0%
Joint * 21 42.9% 19.1%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NJ

Other HMDA-reporting lenders in NJ with similar activity. Compare any two side-by-side.

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare MLB Residential Lending, LLC vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did MLB Residential Lending, LLC process?
MLB Residential Lending, LLC processed 991 mortgage applications in the 2024 HMDA reporting year. Of these, 500 were originated (approved and funded), 98 were withdrawn by the applicant, and 196 were denied.
What is MLB Residential Lending, LLC's mortgage approval rate?
MLB Residential Lending, LLC has an approval (origination) rate of 50.5%, meaning 50.5% of all applications resulted in a funded mortgage. The denial rate is 19.8%.
What is the average loan amount at MLB Residential Lending, LLC?
The average mortgage loan amount at MLB Residential Lending, LLC is $391,196. The average interest rate is 7.286%. The average applicant income is $43,000.
What are the most common reasons for mortgage denial at MLB Residential Lending, LLC?
The most common reasons for mortgage denial at MLB Residential Lending, LLC are: Debt-to-income ratio, Other, Credit history. In total, 196 applications were denied out of 991 total applications.
What types of mortgage loans does MLB Residential Lending, LLC offer?
MLB Residential Lending, LLC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 476 applications and an average loan amount of $399,517.
What loan purposes does MLB Residential Lending, LLC serve?
MLB Residential Lending, LLC serves the following loan purposes: Home Purchase (777 applications), Cash-out Refinancing (161 applications), Refinancing (52 applications), Home Improvement (1 applications). Home Purchase is the most common purpose.
Where is MLB Residential Lending, LLC located?
MLB Residential Lending, LLC is headquartered in Springfield, NJ. The lender is identified by LEI 549300DW87L2IZ7ZHF47 in HMDA data.
How does MLB Residential Lending, LLC compare in lending across racial demographics?
MLB Residential Lending, LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 59.2% and denial rate of 14.6%; Black or African American applicants have an approval rate of 41.7% and denial rate of 24.3%; Asian applicants have an approval rate of 36.4% and denial rate of 15.2%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.