R M K Financial Corp. Mortgage Lending & HMDA Data, 2014
In 2014, R M K Financial Corp. of Ontario, CA reported 2,906 mortgage applications totaling $664.5 million, up 10% from 2013. The average application was for $228,658, and applicants reported an average income of $38,305. 75% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (241), Riverside-San Bernardino-Ontario, CA (232) and Atlanta-Sandy Springs-Roswell, GA (194) (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 | 2,906 |
| Total Mortgage Loan Application Amount | $664,483,000 |
| Average Mortgage Loan Application Amount | $228,658 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $38,305 |
| Highest Applicant Income | $1,351,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for R M K Financial Corp. in 2014
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 Improvement | 1,753 | $318,658,000 | $181,000 | $545,000 | $1,000 | $177,000 |
| Refinancing | 764 | $219,055,000 | $286,000 | $1,375,000 | $93,000 | $1,200,000 |
| Home Purchase | 389 | $126,770,000 | $325,000 | $2,000,000 | $99,000 | $1,351,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,154 | $264,680,000 | $229,000 | $2,000,000 | $41,000 | $1,351,000 |
| Black or African American | 626 | $119,288,000 | $190,000 | $1,000,000 | $13,000 | $233,000 |
| Hispanic | 380 | $81,996,000 | $215,000 | $910,000 | $37,000 | $660,000 |
| Asian | 348 | $110,939,000 | $318,000 | $910,000 | $93,000 | $380,000 |
| Not Provided | 336 | $69,697,000 | $207,000 | $635,000 | $23,000 | $238,000 |
| American Indian or Alaskan Native | 32 | $8,866,000 | $277,000 | $1,000,000 | $39,000 | $411,000 |
| Native Hawaiian or Other Pacific Islander | 30 | $9,017,000 | $300,000 | $582,000 | $59,000 | $177,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,993 | $383,008,000 | $192,000 | $716,000 | $11,000 | $669,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 913 | $281,475,000 | $308,000 | $2,000,000 | $99,000 | $1,351,000 |
| 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 | 2,169 | $481,434,000 | $221,000 | $1,000,000 | $34,000 | $664,000 |
| Application Withdrawn By Applicant | 541 | $132,137,000 | $244,000 | $2,000,000 | $50,000 | $1,351,000 |
| Application Denied By Financial Institution | 182 | $46,096,000 | $253,000 | $1,345,000 | $57,000 | $669,000 |
| File Closed For Incompleteness | 14 | $4,816,000 | $344,000 | $715,000 | $63,000 | $151,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 64 | $15,034,000 | $234,000 | $716,000 | $49,000 | $669,000 |
| Other | 52 | $13,148,000 | $252,000 | $938,000 | $44,000 | $257,000 |
| Debt-To-Income Ratio | 31 | $9,475,000 | $305,000 | $1,345,000 | $80,000 | $366,000 |
| Collateral | 15 | $3,358,000 | $223,000 | $417,000 | $72,000 | $185,000 |
| Unverifiable Information | 7 | $1,760,000 | $251,000 | $393,000 | $57,000 | $110,000 |
| Employment History | 7 | $1,689,000 | $241,000 | $569,000 | $76,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $932,000 | $233,000 | $417,000 | $81,000 | $132,000 |
| Credit Application Incomplete | 2 | $700,000 | $350,000 | $400,000 | $70,000 | $71,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2014 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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