Applications / Mortgage Analytics / Lenders / New Jersey / MLB Residential Lending
Springfield, NJ · Independent non-bank lender · CFPB · 467 loans in 2025
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467
loans originated, 2025
839
applications, 2025
20
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
MLB Residential Lending, a New Jersey home-purchase lender, now makes less than a third of the loans it made in 2021, with more of its business in government-backed loans and poorer neighborhoods than its peers.
It made 467 loans in 2025, 7% fewer than in 2024, while similar lenders (independent non-bank lenders making between half and twice as many loans) grew by 2%. In 2021 it made 1,557. Its typical rate was 3.12% in 2020 and 6.88% in 2025, and higher rates may have left fewer borrowers in the market for its loans. Home purchases were 75.4% of its lending.
Loans insured by the Federal Housing Administration (FHA) made up 30.4% of its lending, against 19.1% for the typical peer, though down from 37.0% in 2024. Its typical loan, $385,000, was larger than peers' $325,000.
Of its loans, 27.2% were in low- and moderate-income (LMI) neighborhoods, more than at nearly nine in ten similar lenders, and 43.0% were in majority-minority neighborhoods, against 25.3% for the typical peer. LMI borrowers took 30.9% of its loans, also above peers' 24.1%.
Its loans reach 20 states and 59 metros. That breadth leaves it small in each market: it ranks 166th of 802 lenders around New York and 289th of 784 around Philadelphia, its two largest. Its newest markets, among them Wichita and Pueblo, were entered only in 2025.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. MLB Residential Lending took 839 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 75.4% · Refinance 24.6%
Conventional 64.7% · FHA 30.4% · VA 4.7% · USDA (RHS or FSA) 0.2% · of 467 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Jersey | 283 | 60.6% |
| New York | 78 | 16.7% |
| Pennsylvania | 37 | 7.9% |
| Texas | 17 | 3.6% |
| Florida | 13 | 2.8% |
| Michigan | 5 | 1.1% |
| North Carolina | 5 | 1.1% |
| Colorado | 4 | 0.9% |
| Arizona | 3 | 0.6% |
| Connecticut | 3 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Newark | 117 |
| New York-Jersey City-White Plains | 82 |
| Lakewood-New Brunswick | 69 |
| Nassau County-Suffolk County | 37 |
| Camden | 23 |
| Allentown-Bethlehem-Easton | 18 |
| Philadelphia | 11 |
| Houston-Pasadena-The Woodlands | 7 |
| Kiryas Joel-Poughkeepsie-Newburgh | 6 |
| Charlotte-Concord-Gastonia | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DW87L2IZ7ZHF47 | 2018–2025 |
| Respondent ID (the HMDA filer code before 2018) | 7462738255 |
Established 26 April 2013. Reported under HMDA 2015-2025.
Mergers, name changes, data editions and corrections: MLB Residential Lending's data.
MLB Residential Lending's data
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MLB Residential Lending and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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