In this study, we achieved magnetic control of reactive scattering in an ultracold mixture of 23Na atoms and 23Na6Li molecules. In most molecular collisions, particles react or are lost near short range with unity probability, leading to the so-called universal rate. By contrast, the Na + NaLi system was shown to have only ~4% loss probability in a fully spin-polarized state. By controlling the phase of the scattering wave function via a Feshbach resonance, we modified the loss rate by more than a factor of 100, from far below to far above the universal limit. The results are explained in analogy with an optical Fabry-Perot resonator by interference of reflections at short and long range. Our work demonstrates quantum control of chemistry by magnetic fields with the full dynamic range predicted by our models.