R M K Financial Corp. Mortgage Lending & HMDA Data, 2019
In 2019, R M K Financial Corp. of Ontario, CA reported 2,431 mortgage applications totaling $834.6 million, down 42% from 2018. The average application was for $343,305, and applicants reported an average income of $105,307. 62% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (402), Riverside-San Bernardino-Ontario, CA (273) and Anaheim-Santa Ana-Irvine, CA (121) (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 | 2,431 |
| Total Mortgage Loan Application Amount | $834,575,000 |
| Average Mortgage Loan Application Amount | $343,305 |
| Highest Mortgage Loan Application Amount | $3,505,000 |
| Average Applicant Income | $105,307 |
| Highest Applicant Income | $1,565,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 402 | $ 189,420,000 | $ 471,194 | $ 125,000 |
| Riverside-San Bernardino-Ontario, CA | 273 | $ 87,025,000 | $ 318,772 | $ 104,000 |
| Anaheim-Santa Ana-Irvine, CA | 121 | $ 57,015,000 | $ 471,198 | $ 117,000 |
| Oakland-Hayward-Berkeley, CA | 87 | $ 45,815,000 | $ 526,609 | $ 127,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 62 | $ 20,730,000 | $ 334,354 | $ 92,354 |
| Seattle-Bellevue-Everett, WA | 43 | $ 19,055,000 | $ 443,139 | $ 115,000 |
| Atlanta-Sandy Springs-Roswell, GA | 37 | $ 8,585,000 | $ 232,027 | $ 80,000 |
| El Paso, TX | 28 | $ 3,390,000 | $ 121,071 | $ 62,000 |
| Houston-The Woodlands-Sugar Land, TX | 23 | $ 4,795,000 | $ 208,478 | $ 75,000 |
| Stockton-Lodi, CA | 23 | $ 8,675,000 | $ 377,173 | $ 107,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 22 | $ 5,090,000 | $ 231,363 | $ 85,000 |
| Modesto, CA | 21 | $ 7,405,000 | $ 352,619 | $ 92,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 20 | $ 6,100,000 | $ 305,000 | $ 94,000 |
| San Diego-Carlsbad, CA | 20 | $ 9,180,000 | $ 459,000 | $ 126,000 |
| Tacoma-Lakewood, WA | 19 | $ 7,805,000 | $ 410,789 | $ 87,000 |
| Miami-Miami Beach-Kendall, FL | 18 | $ 4,310,000 | $ 239,444 | $ 76,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 2,640,000 | $ 220,000 | $ 83,000 |
| Bakersfield, CA | 11 | $ 2,745,000 | $ 249,545 | $ 84,000 |
| Baltimore-Columbia-Towson, MD | 11 | $ 3,345,000 | $ 304,090 | $ 99,000 |
| Chicago-Naperville, IL | 11 | $ 2,495,000 | $ 226,818 | $ 72,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 11 | $ 2,965,000 | $ 269,545 | $ 127,000 |
| Outside any metro area | 11 | $ 2,795,000 | $ 254,090 | $ 90,363 |
| Washington-Baltimore-Arlington, DC | 11 | $ 3,725,000 | $ 338,636 | $ 87,000 |
| Vallejo-Fairfield, CA | 9 | $ 3,435,000 | $ 381,666 | $ 98,000 |
| Hartford-West Hartford-East Hartford, CT | 8 | $ 1,900,000 | $ 237,500 | $ 75,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 1,830,000 | $ 228,750 | $ 102,000 |
| San Francisco-Redwood City-South San Francisco, CA | 8 | $ 5,070,000 | $ 633,750 | $ 143,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 4,560,000 | $ 570,000 | $ 141,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 2,415,000 | $ 345,000 | $ 154,000 |
| San Antonio-New Braunfels, TX | 7 | $ 1,695,000 | $ 242,142 | $ 83,000 |
| Fresno, CA | 6 | $ 1,740,000 | $ 290,000 | $ 72,000 |
| Las Vegas-Henderson-Paradise, NV | 6 | $ 1,550,000 | $ 258,333 | $ 68,000 |
| Montgomery County-Bucks County-Chester County, PA | 6 | $ 1,710,000 | $ 285,000 | $ 85,000 |
| Philadelphia, PA | 6 | $ 1,400,000 | $ 233,333 | $ 62,000 |
| Salinas, CA | 6 | $ 2,960,000 | $ 493,333 | $ 118,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,145,000 | $ 229,000 | $ 63,000 |
| Lakeland-Winter Haven, FL | 5 | $ 895,000 | $ 179,000 | $ 69,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 3,445,000 | $ 689,000 | $ 165,000 |
| Denver-Aurora-Lakewood, CO | 4 | $ 1,320,000 | $ 330,000 | $ 89,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,040,000 | $ 260,000 | $ 134,000 |
| Albuquerque, NM | 3 | $ 675,000 | $ 225,000 | $ 109,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 1,395,000 | $ 465,000 | $ 118,000 |
| Camden, NJ | 3 | $ 465,000 | $ 155,000 | $ 60,000 |
| Knoxville, TN | 3 | $ 455,000 | $ 151,666 | $ 83,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 795,000 | $ 265,000 | $ 92,000 |
| Port St. Lucie, FL | 3 | $ 575,000 | $ 191,666 | $ 69,000 |
| Richmond, VA | 3 | $ 895,000 | $ 298,333 | $ 101,000 |
| Bremerton-Silverdale, WA | 2 | $ 730,000 | $ 365,000 | $ 78,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 520,000 | $ 260,000 | $ 81,000 |
| Dallas-Plano-Irving, TX | 2 | $ 450,000 | $ 225,000 | $ 84,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 380,000 | $ 190,000 | $ 74,000 |
| Fort Worth-Arlington, TX | 2 | $ 410,000 | $ 205,000 | $ 70,000 |
| Jacksonville, FL | 2 | $ 280,000 | $ 140,000 | $ 42,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 410,000 | $ 205,000 | $ 67,000 |
| Midland, TX | 2 | $ 230,000 | $ 115,000 | $ 51,000 |
| Morristown, TN | 2 | $ 360,000 | $ 180,000 | $ 119,000 |
| New Bern, NC | 2 | $ 370,000 | $ 185,000 | $ 50,000 |
| New Haven-Milford, CT | 2 | $ 430,000 | $ 215,000 | $ 45,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 580,000 | $ 290,000 | $ 102,000 |
| Ocala, FL | 2 | $ 430,000 | $ 215,000 | $ 56,000 |
| San Rafael, CA | 2 | $ 1,190,000 | $ 595,000 | $ 239,000 |
| Savannah, GA | 2 | $ 270,000 | $ 135,000 | $ 98,000 |
| Sumter, SC | 2 | $ 300,000 | $ 150,000 | $ 66,000 |
| Visalia-Porterville, CA | 2 | $ 540,000 | $ 270,000 | $ 97,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 105,000 | $ 105,000 | $ 33,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| Austin-Round Rock, TX | 1 | $ 375,000 | $ 375,000 | $ 110,000 |
| Baton Rouge, LA | 1 | $ 145,000 | $ 145,000 | $ 21,000 |
| Charleston-North Charleston, SC | 1 | $ 95,000 | $ 95,000 | $ 64,000 |
| Corpus Christi, TX | 1 | $ 245,000 | $ 245,000 | $ 84,000 |
| Dover, DE | 1 | $ 155,000 | $ 155,000 | $ 41,000 |
| Durham-Chapel Hill, NC | 1 | $ 145,000 | $ 145,000 | $ 61,000 |
| Fayetteville, NC | 1 | $ 135,000 | $ 135,000 | $ 150,000 |
| Gainesville, FL | 1 | $ 335,000 | $ 335,000 | $ 194,000 |
| Goldsboro, NC | 1 | $ 155,000 | $ 155,000 | $ 92,000 |
| Greensboro-High Point, NC | 1 | $ 165,000 | $ 165,000 | $ 198,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| Hammond, LA | 1 | $ 185,000 | $ 185,000 | $ 53,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 465,000 | $ 465,000 | $ 313,000 |
| Jacksonville, NC | 1 | $ 155,000 | $ 155,000 | $ 142,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 125,000 | $ 125,000 | $ 41,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 65,000 | $ 65,000 | $ 13,000 |
| Merced, CA | 1 | $ 285,000 | $ 285,000 | $ 49,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 255,000 | $ 255,000 | $ 101,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 255,000 | $ 255,000 | $ 78,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 255,000 | $ 255,000 | $ 81,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 305,000 | $ 305,000 | $ 200,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 285,000 | $ 285,000 | $ 119,000 |
| Pueblo, CO | 1 | $ 145,000 | $ 145,000 | $ 78,000 |
| Racine, WI | 1 | $ 175,000 | $ 175,000 | $ 110,000 |
| Redding, CA | 1 | $ 425,000 | $ 425,000 | $ 102,000 |
| Salem, OR | 1 | $ 755,000 | $ 755,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 395,000 | $ 395,000 | $ 108,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 445,000 | $ 445,000 | $ 79,000 |
| Santa Fe, NM | 1 | $ 115,000 | $ 115,000 | $ 29,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 95,000 | $ 95,000 | $ 27,000 |
| Sebring, FL | 1 | $ 295,000 | $ 295,000 | $ 145,000 |
| State College, PA | 1 | $ 245,000 | $ 245,000 | $ 122,000 |
| Wilmington, DE-MD-NJ | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Wilmington, NC | 1 | $ 195,000 | $ 195,000 | $ 152,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 135,000 | $ 135,000 | $ 103,000 |
| Yuba City, CA | 1 | $ 265,000 | $ 265,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2019
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 | 1,573 | $554,285,000 | $352,000 | $2,585,000 | $100,000 | $1,565,000 |
| Cash-out Refinancing | 543 | $171,975,000 | $316,000 | $3,505,000 | $111,000 | $1,450,000 |
| Refinancing | 315 | $108,315,000 | $343,000 | $2,505,000 | $122,000 | $1,103,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 733 | $295,085,000 | $402,000 | $3,505,000 | $104,000 | $1,450,000 |
| Not Provided | 685 | $212,255,000 | $309,000 | $1,595,000 | $107,000 | $1,131,000 |
| Hispanic | 459 | $143,825,000 | $313,000 | $1,155,000 | $93,000 | $1,565,000 |
| White | 341 | $130,895,000 | $383,000 | $3,005,000 | $123,000 | $1,103,000 |
| Black or African American | 184 | $45,980,000 | $249,000 | $2,585,000 | $97,000 | $1,190,000 |
| Not applicable | 14 | $2,790,000 | $199,000 | $365,000 | $62,000 | $106,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $2,550,000 | $255,000 | $405,000 | $64,000 | $144,000 |
| American Indian or Alaskan Native | 5 | $1,195,000 | $239,000 | $395,000 | $78,000 | $156,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,234 | $474,220,000 | $384,000 | $3,505,000 | $115,000 | $1,565,000 |
| FHA-insured (Federal Housing Administration) | 985 | $305,905,000 | $310,000 | $855,000 | $89,000 | $294,000 |
| VA-guaranteed (Veterans Administration) | 212 | $54,450,000 | $256,000 | $705,000 | $114,000 | $388,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,506 | $538,370,000 | $357,000 | $3,505,000 | $103,000 | $1,565,000 |
| Application Withdrawn By Applicant | 707 | $233,915,000 | $330,000 | $2,585,000 | $110,000 | $1,190,000 |
| Application Denied By Financial Institution | 218 | $62,290,000 | $285,000 | $1,405,000 | $96,000 | $508,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 2,213 | $772,285,000 | $348,000 | $3,505,000 | $105,000 | $1,565,000 |
| Credit History | 77 | $19,205,000 | $249,000 | $725,000 | $102,000 | $385,000 |
| Debt-To-Income Ratio | 62 | $17,650,000 | $284,000 | $1,175,000 | $75,000 | $286,000 |
| Other | 30 | $8,770,000 | $292,000 | $725,000 | $111,000 | $495,000 |
| Collateral | 18 | $6,370,000 | $353,000 | $1,405,000 | $97,000 | $286,000 |
| Unverifiable Information | 12 | $4,150,000 | $345,000 | $585,000 | $99,000 | $161,000 |
| Credit Application Incomplete | 9 | $3,065,000 | $340,000 | $525,000 | $135,000 | $508,000 |
| Employment History | 7 | $2,265,000 | $323,000 | $695,000 | $114,000 | $265,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $815,000 | $271,000 | $325,000 | $73,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2019 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.
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