To avoid flooding and erosion hazards, post-fire management actions are essential in Mediterranean forests after severe wildfires. In this regard, mulching is the most common action but some mulch materials, such as straw, may lead to adverse impacts in burned forests. The use of yellow mistletoe fruits (Loranthus europaeus Jacq., hereafter “LE”) for the production of biodegradable mulch and its effectiveness in post-fire hydrology have never been studied. To fill this gap, this study has evaluated surface runoff and rainsplash erosion in a pine forest in Central Eastern Spain burned by a wildfire and mulched by a mixture of LE fruits and straw (with or without adding clay particles) using a portable rainfall simulator. Compared to untreated sites, runoff increased in burned and mulched soils (by 13.6% for the mixture without clay and by 17.2% when clay was added, in the latter case significantly). This increase was mainly due to the compact layer created by mulch application on the soil surface. However, the peak flow and the time to peak were lower in mulched soils (on average by 32.7% and 60.5%, significantly only for the mulch mixture without clay), thus indicating that, in these soils, peak runoff takes longer and its maximum value is lower compared to untreated sites. Soil erosion noticeably and significantly decreased (up to 97%) in mulched areas in comparison to untreated sites without significant differences between the two mixtures. Overall, this study indicates to land managers that soil mulching with a mixture of Loranthus europaeus Jacq. and straw is an effective post-fire management action to reduce the soil erosion risk after a wildfire.