R M K Financial Corp. Mortgage Lending & HMDA Data, 2017
In 2017, R M K Financial Corp. of Ontario, CA reported 7,556 mortgage applications totaling $1.7 billion, up 40% from 2016. The average application was for $222,118, and applicants reported an average income of $48,017. 33% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (474), Atlanta-Sandy Springs-Roswell, GA (281) and Tampa-St. Petersburg-Clearwater, FL (224) (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 | 7,556 |
| Total Mortgage Loan Application Amount | $1,678,330,000 |
| Average Mortgage Loan Application Amount | $222,118 |
| Highest Mortgage Loan Application Amount | $1,750,000 |
| Average Applicant Income | $48,017 |
| Highest Applicant Income | $2,544,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 |
|---|---|---|---|---|---|---|
| Refinancing | 7,089 | $1,565,669,000 | $220,000 | $1,750,000 | $44,000 | $1,800,000 |
| Home Purchase | 467 | $112,661,000 | $241,000 | $1,085,000 | $109,000 | $2,544,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| White | 2,546 | $531,391,000 | $208,000 | $1,500,000 | $58,000 | $2,544,000 |
| Not Provided | 2,514 | $583,555,000 | $232,000 | $1,750,000 | $30,000 | $2,230,000 |
| Black or African American | 1,078 | $232,860,000 | $216,000 | $778,000 | $33,000 | $1,200,000 |
| Hispanic | 857 | $193,610,000 | $225,000 | $704,000 | $64,000 | $282,000 |
| American Indian or Alaskan Native | 301 | $63,165,000 | $209,000 | $1,166,000 | $80,000 | $1,800,000 |
| Asian | 182 | $57,403,000 | $315,000 | $1,110,000 | $94,000 | $720,000 |
| Native Hawaiian or Other Pacific Islander | 40 | $9,696,000 | $242,000 | $494,000 | $87,000 | $285,000 |
| Not applicable | 38 | $6,650,000 | $175,000 | $375,000 | $83,000 | $960,000 |
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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 4,023 | $945,128,000 | $234,000 | $1,361,000 | $22,000 | $792,000 |
| FHA-insured (Federal Housing Administration) | 2,179 | $424,174,000 | $194,000 | $636,000 | $64,000 | $1,800,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,354 | $309,028,000 | $228,000 | $1,750,000 | $99,000 | $2,544,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 4,628 | $1,014,560,000 | $219,000 | $1,750,000 | $53,000 | $2,544,000 |
| Loan Originated | 2,487 | $569,399,000 | $228,000 | $778,000 | $35,000 | $1,603,000 |
| Application Denied By Financial Institution | 432 | $92,089,000 | $213,000 | $975,000 | $70,000 | $292,000 |
| File Closed For Incompleteness | 9 | $2,282,000 | $253,000 | $410,000 | $62,000 | $193,000 |
| 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 | 115 | $25,793,000 | $224,000 | $609,000 | $71,000 | $292,000 |
| Debt-To-Income Ratio | 109 | $25,979,000 | $238,000 | $975,000 | $64,000 | $195,000 |
| Collateral | 76 | $12,871,000 | $169,000 | $473,000 | $85,000 | $243,000 |
| Other | 58 | $12,035,000 | $207,000 | $595,000 | $60,000 | $193,000 |
| Unverifiable Information | 28 | $5,514,000 | $196,000 | $484,000 | $54,000 | $114,000 |
| Credit Application Incomplete | 27 | $6,235,000 | $230,000 | $602,000 | $86,000 | $183,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $2,564,000 | $183,000 | $349,000 | $56,000 | $123,000 |
| Employment History | 5 | $1,098,000 | $219,000 | $362,000 | $72,000 | $189,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2017 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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