R M K Financial Corp. Mortgage Lending & HMDA Data, 2023
In 2023, R M K Financial Corp. of Ontario, CA reported 108 mortgage applications totaling $51.1 million, down 91% from 2022. The average application was for $472,685, and applicants reported an average income of $140,509. 93% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (31), Riverside-San Bernardino-Ontario, CA (29) and Anaheim-Santa Ana-Irvine, CA (5) (applications in parentheses).
| Mortgage Company & Address | R M K Financial Corp. 1819 S. Excise Avenue Ontario, CA 91761 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2010 2009 |
| Total Number of Mortgage Applications | 108 |
| Total Mortgage Loan Application Amount | $51,050,000 |
| Average Mortgage Loan Application Amount | $472,685 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $140,509 |
| Highest Applicant Income | $683,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records R M K Financial Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 31 | $ 19,805,000 | $ 638,870 | $ 170,000 |
| Riverside-San Bernardino-Ontario, CA | 29 | $ 13,445,000 | $ 463,620 | $ 118,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 3,325,000 | $ 665,000 | $ 206,000 |
| Philadelphia, PA | 4 | $ 710,000 | $ 177,500 | $ 55,000 |
| Bakersfield, CA | 3 | $ 915,000 | $ 305,000 | $ 66,000 |
| Outside any metro area | 3 | $ 1,075,000 | $ 358,333 | $ 286,000 |
| San Antonio-New Braunfels, TX | 3 | $ 1,105,000 | $ 368,333 | $ 110,000 |
| Chicago-Naperville, IL | 2 | $ 680,000 | $ 340,000 | $ 106,000 |
| Dallas-Plano-Irving, TX | 2 | $ 640,000 | $ 320,000 | $ 94,000 |
| Fort Worth-Arlington, TX | 2 | $ 750,000 | $ 375,000 | $ 131,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 450,000 | $ 225,000 | $ 64,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 820,000 | $ 410,000 | $ 112,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 740,000 | $ 370,000 | $ 88,000 |
| Vallejo-Fairfield, CA | 2 | $ 620,000 | $ 310,000 | $ 186,000 |
| Elgin, IL | 1 | $ 305,000 | $ 305,000 | $ 78,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 305,000 | $ 305,000 | $ 64,000 |
| Mobile, AL | 1 | $ 195,000 | $ 195,000 | $ 125,000 |
| New York-Newark, NY | 1 | $ 395,000 | $ 395,000 | $ 89,000 |
| Newark, NJ-PA | 1 | $ 235,000 | $ 235,000 | $ 260,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 145,000 | $ 145,000 | $ 105,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 165,000 | $ 165,000 | $ 74,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 205,000 | $ 205,000 | $ 224,000 |
| Rocky Mount, NC | 1 | $ 165,000 | $ 165,000 | $ 37,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 475,000 | $ 475,000 | $ 116,000 |
| San Diego-Carlsbad, CA | 1 | $ 595,000 | $ 595,000 | $ 143,000 |
| Stockton-Lodi, CA | 1 | $ 625,000 | $ 625,000 | $ 154,000 |
| Vineland-Bridgeton, NJ | 1 | $ 335,000 | $ 335,000 | $ 144,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 565,000 | $ 565,000 | $ 191,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,085,000 | $ 1,085,000 | $ 516,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 98 | $46,900,000 | $478,000 | $1,085,000 | $141,000 | $683,000 |
| Cash-out Refinancing | 7 | $2,965,000 | $423,000 | $695,000 | $136,000 | $240,000 |
| Refinancing | 3 | $1,185,000 | $395,000 | $565,000 | $135,000 | $191,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Hispanic | 46 | $23,520,000 | $511,000 | $1,085,000 | $141,000 | $683,000 |
| White | 19 | $8,645,000 | $455,000 | $855,000 | $140,000 | $224,000 |
| Black or African American | 16 | $6,510,000 | $406,000 | $845,000 | $140,000 | $260,000 |
| Asian | 14 | $5,600,000 | $400,000 | $655,000 | $119,000 | $264,000 |
| Not Provided | 13 | $6,775,000 | $521,000 | $1,085,000 | $166,000 | $516,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 94 | $44,940,000 | $478,000 | $1,085,000 | $129,000 | $294,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 14 | $6,110,000 | $436,000 | $1,085,000 | $222,000 | $683,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 100 | $45,960,000 | $459,000 | $935,000 | $137,000 | $683,000 |
| Application Denied By Financial Institution | 8 | $5,090,000 | $636,000 | $1,085,000 | $191,000 | $516,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 100 | $45,960,000 | $459,000 | $935,000 | $137,000 | $683,000 |
| Other | 2 | $1,820,000 | $910,000 | $1,085,000 | $237,000 | $294,000 |
| Debt-To-Income Ratio | 2 | $1,210,000 | $605,000 | $905,000 | $136,000 | $198,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $87,000 | $87,000 |
| Unverifiable Information | 1 | $1,085,000 | $1,085,000 | $1,085,000 | $516,000 | $516,000 |
| Collateral | 1 | $455,000 | $455,000 | $455,000 | $111,000 | $111,000 |
| Credit History | 1 | $165,000 | $165,000 | $165,000 | $74,000 | $74,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess R M K Financial Corp.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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