With the development of high-speed analog-to-digital converter (ADC) based wireline receivers, Mueller-Muller clock and data recovery (MM-CDR) circuit also get more and more attention. But in the design stage, the MM-CDR circuit used in ADC-based wireline receiver is difficult to evaluate its loop performance, owing to the lack of linearized model of Mueller-Muller phase detector (MMPD). In this paper, by analyzing the slope and distribution of the signal at different positions, a linearized model of MMPD is proposed and the model is combined with an entire MM-CDR system to analyze the performance of the MM-CDR loop. Through the analysis of the linearized model and the verification of the actual simulation, we can know that when the VREF level in the MMPD is set equal to the amplitude of the main-cursor h0, the MMPD can obtain the maximum gain, and the jitter transfer function and jitter tolerance can achieve optimum performance.