R M K Financial Corp. Mortgage Lending & HMDA Data, 2021
In 2021, R M K Financial Corp. of Ontario, CA reported 1,978 mortgage applications totaling $790.1 million, down 69% from 2020. The average application was for $399,464, and applicants reported an average income of $116,550. 55% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (592), Riverside-San Bernardino-Ontario, CA (384) and Washington-Arlington-Alexandria, DC-VA-MD-WV (221) (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 | 1,978 |
| Total Mortgage Loan Application Amount | $790,140,000 |
| Average Mortgage Loan Application Amount | $399,464 |
| Highest Mortgage Loan Application Amount | $2,085,000 |
| Average Applicant Income | $116,550 |
| Highest Applicant Income | $3,740,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 592 | $ 283,050,000 | $ 478,125 | $ 126,000 |
| Riverside-San Bernardino-Ontario, CA | 384 | $ 139,540,000 | $ 363,385 | $ 119,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 221 | $ 82,605,000 | $ 373,778 | $ 96,470 |
| Anaheim-Santa Ana-Irvine, CA | 150 | $ 73,360,000 | $ 489,066 | $ 138,000 |
| Houston-The Woodlands-Sugar Land, TX | 94 | $ 24,590,000 | $ 261,595 | $ 91,000 |
| Atlanta-Sandy Springs-Roswell, GA | 48 | $ 16,080,000 | $ 335,000 | $ 154,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 45 | $ 14,205,000 | $ 315,666 | $ 105,000 |
| Baltimore-Columbia-Towson, MD | 35 | $ 11,735,000 | $ 335,285 | $ 96,000 |
| Bakersfield, CA | 30 | $ 8,560,000 | $ 285,333 | $ 72,000 |
| San Diego-Carlsbad, CA | 28 | $ 14,290,000 | $ 510,357 | $ 156,000 |
| Chicago-Naperville, IL | 24 | $ 6,040,000 | $ 251,666 | $ 80,000 |
| Oakland-Hayward-Berkeley, CA | 23 | $ 9,155,000 | $ 398,043 | $ 131,000 |
| Philadelphia, PA | 20 | $ 5,740,000 | $ 287,000 | $ 76,000 |
| Washington-Baltimore-Arlington, DC | 18 | $ 6,110,000 | $ 339,444 | $ 89,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 16 | $ 7,730,000 | $ 483,125 | $ 123,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 16 | $ 8,880,000 | $ 555,000 | $ 174,000 |
| Stockton-Lodi, CA | 12 | $ 4,140,000 | $ 345,000 | $ 124,000 |
| Miami-Miami Beach-Kendall, FL | 11 | $ 3,535,000 | $ 321,363 | $ 96,000 |
| San Francisco-Redwood City-South San Francisco, CA | 9 | $ 4,925,000 | $ 547,222 | $ 139,000 |
| Dallas-Plano-Irving, TX | 8 | $ 3,180,000 | $ 397,500 | $ 120,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 2,740,000 | $ 342,500 | $ 148,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 3,005,000 | $ 429,285 | $ 154,000 |
| San Antonio-New Braunfels, TX | 7 | $ 2,105,000 | $ 300,714 | $ 81,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,670,000 | $ 278,333 | $ 79,000 |
| Knoxville, TN | 6 | $ 1,060,000 | $ 176,666 | $ 54,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 1,320,000 | $ 220,000 | $ 40,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 2,040,000 | $ 340,000 | $ 98,000 |
| Vallejo-Fairfield, CA | 6 | $ 2,230,000 | $ 371,666 | $ 130,000 |
| Las Vegas-Henderson-Paradise, NV | 5 | $ 1,615,000 | $ 323,000 | $ 76,000 |
| Fresno, CA | 4 | $ 1,470,000 | $ 367,500 | $ 82,000 |
| New Orleans-Metairie, LA | 4 | $ 990,000 | $ 247,500 | $ 106,000 |
| Pittsburgh, PA | 4 | $ 930,000 | $ 232,500 | $ 84,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,390,000 | $ 347,500 | $ 89,000 |
| Austin-Round Rock, TX | 3 | $ 685,000 | $ 228,333 | $ 102,000 |
| Fort Worth-Arlington, TX | 3 | $ 925,000 | $ 308,333 | $ 70,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,295,000 | $ 431,666 | $ 52,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 825,000 | $ 275,000 | $ 69,000 |
| Albuquerque, NM | 2 | $ 540,000 | $ 270,000 | $ 33,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 570,000 | $ 285,000 | $ 77,000 |
| Hammond, LA | 2 | $ 370,000 | $ 185,000 | $ 153,000 |
| Jacksonville, FL | 2 | $ 460,000 | $ 230,000 | $ 182,000 |
| Merced, CA | 2 | $ 550,000 | $ 275,000 | $ 68,000 |
| Modesto, CA | 2 | $ 470,000 | $ 235,000 | $ 144,000 |
| Richmond, VA | 2 | $ 500,000 | $ 250,000 | $ 78,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 1,360,000 | $ 680,000 | $ 159,000 |
| Santa Rosa, CA | 2 | $ 1,040,000 | $ 520,000 | $ 181,000 |
| Visalia-Porterville, CA | 2 | $ 700,000 | $ 350,000 | $ 137,000 |
| Winchester, VA-WV | 2 | $ 640,000 | $ 320,000 | $ 81,000 |
| Alexandria, LA | 1 | $ 145,000 | $ 145,000 | $ 68,000 |
| Brownsville-Harlingen, TX | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| Camden, NJ | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| Chico, CA | 1 | $ 165,000 | $ 165,000 | $ 194,000 |
| Cincinnati, OH-KY-IN | 1 | $ 525,000 | $ 525,000 | $ 160,000 |
| College Station-Bryan, TX | 1 | $ 165,000 | $ 165,000 | $ 55,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 325,000 | $ 325,000 | $ 110,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Elgin, IL | 1 | $ 295,000 | $ 295,000 | $ 626,000 |
| Gainesville, GA | 1 | $ 735,000 | $ 735,000 | $ 206,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 145,000 | $ 145,000 | $ 43,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 535,000 | $ 535,000 | $ 128,000 |
| Lakeland-Winter Haven, FL | 1 | $ 255,000 | $ 255,000 | $ 78,000 |
| Las Cruces, NM | 1 | $ 125,000 | $ 125,000 | $ 113,000 |
| Madera, CA | 1 | $ 335,000 | $ 335,000 | $ 187,000 |
| Outside any metro area | 1 | $ 175,000 | $ 175,000 | $ 43,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 365,000 | $ 365,000 | $ 10,000 |
| Port St. Lucie, FL | 1 | $ 315,000 | $ 315,000 | $ 58,000 |
| Salinas, CA | 1 | $ 575,000 | $ 575,000 | $ 138,000 |
| San Angelo, TX | 1 | $ 195,000 | $ 195,000 | $ 83,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 355,000 | $ 355,000 | $ 40,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 785,000 | $ 785,000 | $ 116,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 415,000 | $ 415,000 | $ 27,000 |
| Wilmington, DE-MD-NJ | 1 | $ 205,000 | $ 205,000 | $ 84,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 155,000 | $ 155,000 | $ 45,000 |
| Yuba City, CA | 1 | $ 285,000 | $ 285,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2021
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 | 747 | $314,765,000 | $421,000 | $2,085,000 | $118,000 | $3,740,000 |
| Refinancing | 683 | $251,705,000 | $368,000 | $1,305,000 | $113,000 | $914,000 |
| Cash-out Refinancing | 548 | $223,670,000 | $408,000 | $1,625,000 | $119,000 | $1,194,000 |
| 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 | 585 | $229,405,000 | $392,000 | $1,625,000 | $109,000 | $3,740,000 |
| Not Provided | 524 | $211,570,000 | $403,000 | $1,425,000 | $124,000 | $1,194,000 |
| Asian | 477 | $184,675,000 | $387,000 | $2,085,000 | $105,000 | $1,047,000 |
| White | 228 | $107,790,000 | $472,000 | $1,545,000 | $139,000 | $957,000 |
| Black or African American | 153 | $52,005,000 | $339,000 | $1,565,000 | $122,000 | $914,000 |
| American Indian or Alaskan Native | 6 | $2,550,000 | $425,000 | $545,000 | $122,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,780,000 | $445,000 | $675,000 | $168,000 | $205,000 |
| Not applicable | 1 | $365,000 | $365,000 | $365,000 | $54,000 | $54,000 |
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) | 1,484 | $588,640,000 | $396,000 | $2,085,000 | $122,000 | $3,740,000 |
| FHA-insured (Federal Housing Administration) | 475 | $193,845,000 | $408,000 | $1,375,000 | $98,000 | $386,000 |
| VA-guaranteed (Veterans Administration) | 19 | $7,655,000 | $402,000 | $705,000 | $139,000 | $229,000 |
| 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 | 1,089 | $429,555,000 | $394,000 | $1,565,000 | $115,000 | $1,194,000 |
| Application Withdrawn By Applicant | 574 | $227,950,000 | $397,000 | $1,625,000 | $119,000 | $3,740,000 |
| Application Denied By Financial Institution | 315 | $132,635,000 | $421,000 | $2,085,000 | $119,000 | $1,135,000 |
| 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 | 1,663 | $657,505,000 | $395,000 | $1,625,000 | $116,000 | $3,740,000 |
| Other | 171 | $70,215,000 | $410,000 | $1,505,000 | $129,000 | $1,135,000 |
| Debt-To-Income Ratio | 51 | $21,425,000 | $420,000 | $1,275,000 | $81,000 | $540,000 |
| Credit History | 46 | $17,500,000 | $380,000 | $925,000 | $118,000 | $439,000 |
| Employment History | 18 | $7,750,000 | $430,000 | $785,000 | $106,000 | $493,000 |
| Unverifiable Information | 17 | $9,305,000 | $547,000 | $845,000 | $137,000 | $240,000 |
| Collateral | 10 | $3,950,000 | $395,000 | $835,000 | $98,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $2,490,000 | $1,245,000 | $2,085,000 | $386,000 | $599,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2021 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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