R M K Financial Corp. Mortgage Lending & HMDA Data, 2015
In 2015, R M K Financial Corp. of Ontario, CA reported 4,574 mortgage applications totaling $1.1 billion, up 57% from 2014. The average application was for $235,903, and applicants reported an average income of $32,433. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (406), Los Angeles-Long Beach-Glendale, CA (351) and Atlanta-Sandy Springs-Roswell, GA (257) (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 | 4,574 |
| Total Mortgage Loan Application Amount | $1,079,021,000 |
| Average Mortgage Loan Application Amount | $235,903 |
| Highest Mortgage Loan Application Amount | $1,299,000 |
| Average Applicant Income | $32,433 |
| Highest Applicant Income | $722,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 3,041 | $631,263,000 | $207,000 | $727,000 | $1,000 | $170,000 |
| Refinancing | 1,068 | $310,551,000 | $290,000 | $1,299,000 | $96,000 | $722,000 |
| Home Purchase | 465 | $137,207,000 | $295,000 | $1,018,000 | $92,000 | $678,000 |
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 | 1,555 | $363,907,000 | $234,000 | $1,299,000 | $33,000 | $579,000 |
| Not Provided | 1,158 | $268,996,000 | $232,000 | $1,150,000 | $28,000 | $678,000 |
| Hispanic | 760 | $173,404,000 | $228,000 | $636,000 | $29,000 | $508,000 |
| Black or African American | 682 | $143,351,000 | $210,000 | $690,000 | $13,000 | $214,000 |
| Asian | 323 | $107,512,000 | $332,000 | $1,018,000 | $88,000 | $722,000 |
| American Indian or Alaskan Native | 55 | $9,963,000 | $181,000 | $312,000 | $20,000 | $142,000 |
| Native Hawaiian or Other Pacific Islander | 36 | $10,926,000 | $303,000 | $676,000 | $63,000 | $374,000 |
| Not applicable | 5 | $962,000 | $192,000 | $417,000 | $10,000 | $50,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 3,604 | $775,954,000 | $215,000 | $727,000 | $14,000 | $350,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 970 | $303,067,000 | $312,000 | $1,299,000 | $100,000 | $722,000 |
| 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 | 3,615 | $840,084,000 | $232,000 | $1,000,000 | $29,000 | $722,000 |
| Application Withdrawn By Applicant | 650 | $156,685,000 | $241,000 | $1,299,000 | $36,000 | $330,000 |
| Application Denied By Financial Institution | 268 | $70,902,000 | $264,000 | $1,150,000 | $59,000 | $579,000 |
| File Closed For Incompleteness | 41 | $11,350,000 | $276,000 | $800,000 | $69,000 | $253,000 |
| 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 | 118 | $25,840,000 | $218,000 | $794,000 | $38,000 | $236,000 |
| Other | 56 | $14,820,000 | $264,000 | $1,018,000 | $57,000 | $270,000 |
| Debt-To-Income Ratio | 45 | $14,473,000 | $321,000 | $990,000 | $88,000 | $579,000 |
| Collateral | 15 | $3,423,000 | $228,000 | $478,000 | $70,000 | $208,000 |
| Unverifiable Information | 12 | $4,614,000 | $384,000 | $494,000 | $83,000 | $212,000 |
| Employment History | 8 | $2,972,000 | $371,000 | $676,000 | $104,000 | $213,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,456,000 | $350,000 | $1,150,000 | $41,000 | $243,000 |
| Credit Application Incomplete | 7 | $2,304,000 | $329,000 | $543,000 | $146,000 | $396,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2015 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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