R M K Financial Corp. Mortgage Lending & HMDA Data, 2020
In 2020, R M K Financial Corp. of Ontario, CA reported 6,416 mortgage applications totaling $2.4 billion, up 164% from 2019. The average application was for $379,993, and applicants reported an average income of $125,495. 50% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (1,425), Riverside-San Bernardino-Ontario, CA (781) and Anaheim-Santa Ana-Irvine, CA (508) (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 | 6,416 |
| Total Mortgage Loan Application Amount | $2,438,040,000 |
| Average Mortgage Loan Application Amount | $379,993 |
| Highest Mortgage Loan Application Amount | $1,535,000 |
| Average Applicant Income | $125,495 |
| Highest Applicant Income | $8,500,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,425 | $ 624,405,000 | $ 438,178 | $ 125,000 |
| Riverside-San Bernardino-Ontario, CA | 781 | $ 265,455,000 | $ 339,891 | $ 125,000 |
| Anaheim-Santa Ana-Irvine, CA | 508 | $ 216,720,000 | $ 426,614 | $ 126,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 275 | $ 94,165,000 | $ 342,418 | $ 104,618 |
| Oakland-Hayward-Berkeley, CA | 244 | $ 116,480,000 | $ 477,377 | $ 132,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 171 | $ 54,485,000 | $ 318,625 | $ 144,000 |
| Houston-The Woodlands-Sugar Land, TX | 143 | $ 33,705,000 | $ 235,699 | $ 88,000 |
| San Francisco-Redwood City-South San Francisco, CA | 96 | $ 50,350,000 | $ 524,479 | $ 133,000 |
| Stockton-Lodi, CA | 92 | $ 33,660,000 | $ 365,869 | $ 109,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 67 | $ 30,455,000 | $ 454,552 | $ 158,000 |
| Atlanta-Sandy Springs-Roswell, GA | 62 | $ 15,680,000 | $ 252,903 | $ 83,000 |
| San Diego-Carlsbad, CA | 55 | $ 22,885,000 | $ 416,090 | $ 112,000 |
| Seattle-Bellevue-Everett, WA | 55 | $ 28,185,000 | $ 512,454 | $ 115,000 |
| Bakersfield, CA | 54 | $ 12,690,000 | $ 235,000 | $ 83,000 |
| Baltimore-Columbia-Towson, MD | 46 | $ 14,620,000 | $ 317,826 | $ 111,000 |
| Miami-Miami Beach-Kendall, FL | 39 | $ 11,315,000 | $ 290,128 | $ 83,000 |
| Washington-Baltimore-Arlington, DC | 38 | $ 15,150,000 | $ 398,684 | $ 109,000 |
| Dallas-Plano-Irving, TX | 35 | $ 10,085,000 | $ 288,142 | $ 107,000 |
| Vallejo-Fairfield, CA | 34 | $ 14,770,000 | $ 434,411 | $ 103,000 |
| Tacoma-Lakewood, WA | 31 | $ 16,005,000 | $ 516,290 | $ 127,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 26 | $ 11,890,000 | $ 457,307 | $ 144,000 |
| Fresno, CA | 24 | $ 6,000,000 | $ 250,000 | $ 80,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 24 | $ 9,980,000 | $ 415,833 | $ 134,750 |
| Philadelphia, PA | 23 | $ 5,025,000 | $ 218,478 | $ 77,000 |
| Montgomery County-Bucks County-Chester County, PA | 21 | $ 5,645,000 | $ 268,809 | $ 104,000 |
| Visalia-Porterville, CA | 19 | $ 5,775,000 | $ 303,947 | $ 95,000 |
| Chicago-Naperville, IL | 18 | $ 4,140,000 | $ 230,000 | $ 111,000 |
| New York-Jersey City-White Plains, NY-NJ | 18 | $ 5,980,000 | $ 332,222 | $ 187,000 |
| San Antonio-New Braunfels, TX | 18 | $ 4,130,000 | $ 229,444 | $ 77,000 |
| Knoxville, TN | 17 | $ 3,575,000 | $ 210,294 | $ 92,000 |
| Cape Coral-Fort Myers, FL | 15 | $ 3,155,000 | $ 210,333 | $ 94,000 |
| New York-Newark, NY | 15 | $ 4,475,000 | $ 298,333 | $ 82,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 14 | $ 3,750,000 | $ 267,857 | $ 101,000 |
| Orlando-Kissimmee-Sanford, FL | 11 | $ 2,795,000 | $ 254,090 | $ 58,000 |
| Santa Maria-Santa Barbara, CA | 10 | $ 3,670,000 | $ 367,000 | $ 118,000 |
| Modesto, CA | 9 | $ 2,885,000 | $ 320,555 | $ 151,000 |
| Santa Rosa, CA | 9 | $ 4,095,000 | $ 455,000 | $ 150,000 |
| Jacksonville, FL | 8 | $ 1,560,000 | $ 195,000 | $ 83,000 |
| Las Vegas-Henderson-Paradise, NV | 8 | $ 1,690,000 | $ 211,250 | $ 78,000 |
| Merced, CA | 8 | $ 2,680,000 | $ 335,000 | $ 105,000 |
| Salinas, CA | 8 | $ 2,740,000 | $ 342,500 | $ 97,000 |
| Austin-Round Rock, TX | 7 | $ 1,845,000 | $ 263,571 | $ 90,000 |
| Fort Worth-Arlington, TX | 7 | $ 1,845,000 | $ 263,571 | $ 87,000 |
| Newark, NJ-PA | 7 | $ 2,365,000 | $ 337,857 | $ 117,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 6 | $ 1,660,000 | $ 276,666 | $ 87,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 2,255,000 | $ 451,000 | $ 111,000 |
| Lakeland-Winter Haven, FL | 5 | $ 1,225,000 | $ 245,000 | $ 63,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,295,000 | $ 259,000 | $ 56,000 |
| Blacksburg-Christiansburg-Radford, VA | 4 | $ 1,310,000 | $ 327,500 | $ 122,000 |
| El Paso, TX | 4 | $ 490,000 | $ 122,500 | $ 60,000 |
| Madera, CA | 4 | $ 1,160,000 | $ 290,000 | $ 90,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 770,000 | $ 192,500 | $ 68,000 |
| Richmond, VA | 4 | $ 1,180,000 | $ 295,000 | $ 167,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 4 | $ 1,330,000 | $ 332,500 | $ 73,000 |
| Chico, CA | 3 | $ 595,000 | $ 198,333 | $ 122,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 685,000 | $ 228,333 | $ 37,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 555,000 | $ 185,000 | $ 196,000 |
| New Orleans-Metairie, LA | 3 | $ 805,000 | $ 268,333 | $ 59,000 |
| Port St. Lucie, FL | 3 | $ 855,000 | $ 285,000 | $ 149,000 |
| Raleigh, NC | 3 | $ 775,000 | $ 258,333 | $ 60,000 |
| Redding, CA | 3 | $ 735,000 | $ 245,000 | $ 126,000 |
| Yuba City, CA | 3 | $ 935,000 | $ 311,666 | $ 89,000 |
| Bremerton-Silverdale, WA | 2 | $ 910,000 | $ 455,000 | $ 121,000 |
| El Centro, CA | 2 | $ 630,000 | $ 315,000 | $ 110,000 |
| Elgin, IL | 2 | $ 490,000 | $ 245,000 | $ 126,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 470,000 | $ 235,000 | $ 112,000 |
| Morristown, TN | 2 | $ 470,000 | $ 235,000 | $ 45,000 |
| Olympia-Tumwater, WA | 2 | $ 780,000 | $ 390,000 | $ 121,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 270,000 | $ 135,000 | $ 42,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 930,000 | $ 465,000 | $ 119,000 |
| Tallahassee, FL | 2 | $ 450,000 | $ 225,000 | $ 45,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 430,000 | $ 215,000 | $ 115,000 |
| Wilmington, DE-MD-NJ | 2 | $ 410,000 | $ 205,000 | $ 43,000 |
| Albany, OR | 1 | $ 235,000 | $ 235,000 | $ 98,000 |
| Albuquerque, NM | 1 | $ 175,000 | $ 175,000 | $ 33,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 295,000 | $ 295,000 | $ 120,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| California-Lexington Park, MD | 1 | $ 315,000 | $ 315,000 | $ 68,000 |
| Camden, NJ | 1 | $ 175,000 | $ 175,000 | $ 123,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 195,000 | $ 195,000 | $ 92,000 |
| Chattanooga, TN-GA | 1 | $ 215,000 | $ 215,000 | $ 39,000 |
| Columbia, SC | 1 | $ 135,000 | $ 135,000 | $ 31,000 |
| Corpus Christi, TX | 1 | $ 415,000 | $ 415,000 | $ 141,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
| Hammond, LA | 1 | $ 205,000 | $ 205,000 | $ 91,000 |
| Longview, WA | 1 | $ 95,000 | $ 95,000 | $ 54,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 245,000 | $ 245,000 | $ 80,000 |
| Outside any metro area | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| New Haven-Milford, CT | 1 | $ 325,000 | $ 325,000 | $ 82,000 |
| Norwich-New London, CT | 1 | $ 225,000 | $ 225,000 | $ 171,000 |
| Ocala, FL | 1 | $ 205,000 | $ 205,000 | $ 42,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 155,000 | $ 155,000 | $ 70,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 505,000 | $ 505,000 | $ 162,000 |
| Pittsburgh, PA | 1 | $ 185,000 | $ 185,000 | $ 63,000 |
| San Rafael, CA | 1 | $ 215,000 | $ 215,000 | $ 165,000 |
| State College, PA | 1 | $ 175,000 | $ 175,000 | $ 224,000 |
| Staunton-Waynesboro, VA | 1 | $ 215,000 | $ 215,000 | $ 25,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 125,000 | $ 125,000 | $ 66,000 |
| Trenton, NJ | 1 | $ 275,000 | $ 275,000 | $ 64,000 |
| Warner Robins, GA | 1 | $ 115,000 | $ 115,000 | $ 46,000 |
| Winchester, VA-WV | 1 | $ 325,000 | $ 325,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2020
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 | 2,589 | $1,015,775,000 | $392,000 | $1,535,000 | $129,000 | $8,500,000 |
| Refinancing | 2,578 | $952,080,000 | $369,000 | $995,000 | $129,000 | $2,350,000 |
| Cash-out Refinancing | 1,249 | $470,185,000 | $376,000 | $985,000 | $111,000 | $690,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 3,863 | $1,501,375,000 | $388,000 | $995,000 | $125,000 | $8,500,000 |
| Hispanic | 1,369 | $479,885,000 | $350,000 | $955,000 | $124,000 | $4,853,000 |
| Asian | 894 | $349,070,000 | $390,000 | $955,000 | $124,000 | $7,950,000 |
| White | 174 | $71,000,000 | $408,000 | $1,535,000 | $157,000 | $922,000 |
| Black or African American | 108 | $34,230,000 | $316,000 | $765,000 | $112,000 | $393,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,215,000 | $316,000 | $675,000 | $194,000 | $365,000 |
| American Indian or Alaskan Native | 1 | $265,000 | $265,000 | $265,000 | $65,000 | $65,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,653 | $1,767,565,000 | $379,000 | $1,535,000 | $134,000 | $8,500,000 |
| FHA-insured (Federal Housing Administration) | 1,704 | $651,680,000 | $382,000 | $955,000 | $100,000 | $438,000 |
| VA-guaranteed (Veterans Administration) | 51 | $17,135,000 | $335,000 | $595,000 | $210,000 | $5,174,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,660,000 | $207,000 | $315,000 | $61,000 | $112,000 |
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 | 3,176 | $1,201,720,000 | $378,000 | $985,000 | $130,000 | $4,853,000 |
| Application Withdrawn By Applicant | 1,905 | $753,255,000 | $395,000 | $985,000 | $122,000 | $7,950,000 |
| File Closed For Incompleteness | 802 | $301,550,000 | $375,000 | $1,535,000 | $139,000 | $8,500,000 |
| Application Denied By Financial Institution | 533 | $181,515,000 | $340,000 | $775,000 | $93,000 | $466,000 |
| 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 | 5,883 | $2,256,525,000 | $383,000 | $1,535,000 | $129,000 | $8,500,000 |
| Other | 294 | $92,800,000 | $315,000 | $775,000 | $92,000 | $447,000 |
| Credit History | 76 | $28,190,000 | $370,000 | $765,000 | $106,000 | $466,000 |
| Debt-To-Income Ratio | 76 | $27,960,000 | $367,000 | $705,000 | $74,000 | $224,000 |
| Unverifiable Information | 33 | $15,745,000 | $477,000 | $775,000 | $117,000 | $204,000 |
| Employment History | 29 | $8,925,000 | $307,000 | $675,000 | $80,000 | $161,000 |
| Collateral | 18 | $5,630,000 | $312,000 | $765,000 | $96,000 | $203,000 |
| Credit Application Incomplete | 4 | $1,150,000 | $287,000 | $375,000 | $108,000 | $175,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,115,000 | $371,000 | $445,000 | $114,000 | $130,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2020 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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