R M K Financial Corp. Mortgage Lending & HMDA Data, 2018
In 2018, R M K Financial Corp. of Ontario, CA reported 4,172 mortgage applications totaling $935.3 million, down 45% from 2017. The average application was for $224,187, and applicants reported an average income of $98,570. 22% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (189), Los Angeles-Long Beach-Glendale, CA (133) and Atlanta-Sandy Springs-Roswell, GA (89) (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 | 4,172 |
| Total Mortgage Loan Application Amount | $935,310,000 |
| Average Mortgage Loan Application Amount | $224,187 |
| Highest Mortgage Loan Application Amount | $3,505,000 |
| Average Applicant Income | $98,570 |
| Highest Applicant Income | $2,400,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 2,040 | $470,740,000 | $230,000 | $3,505,000 | $101,000 | $2,400,000 |
| Refinancing | 1,609 | $353,155,000 | $219,000 | $1,605,000 | $96,000 | $744,000 |
| Home Purchase | 523 | $111,415,000 | $213,000 | $985,000 | $97,000 | $1,680,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 1,778 | $413,920,000 | $232,000 | $1,605,000 | $97,000 | $728,000 |
| White | 1,210 | $256,480,000 | $211,000 | $1,345,000 | $101,000 | $2,400,000 |
| Black or African American | 531 | $110,085,000 | $207,000 | $705,000 | $99,000 | $302,000 |
| Hispanic | 498 | $103,320,000 | $207,000 | $815,000 | $86,000 | $994,000 |
| Asian | 110 | $41,780,000 | $379,000 | $3,505,000 | $148,000 | $1,450,000 |
| American Indian or Alaskan Native | 23 | $3,345,000 | $145,000 | $305,000 | $196,000 | $1,680,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $4,975,000 | $292,000 | $615,000 | $116,000 | $239,000 |
| Not applicable | 5 | $1,405,000 | $281,000 | $545,000 | $74,000 | $102,000 |
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) | 2,468 | $559,000,000 | $226,000 | $1,295,000 | $107,000 | $1,156,000 |
| FHA-insured (Federal Housing Administration) | 873 | $186,005,000 | $213,000 | $925,000 | $81,000 | $744,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 831 | $190,305,000 | $229,000 | $3,505,000 | $107,000 | $2,400,000 |
| 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 | 1,177 | $258,655,000 | $219,000 | $915,000 | $99,000 | $1,156,000 |
| Loan Originated | 910 | $201,620,000 | $221,000 | $3,505,000 | $102,000 | $1,450,000 |
| Application Denied By Financial Institution | 720 | $154,080,000 | $214,000 | $1,345,000 | $88,000 | $1,484,000 |
| File Closed For Incompleteness | 618 | $137,690,000 | $222,000 | $1,295,000 | $107,000 | $2,400,000 |
| Application Approved But Not Accepted | 528 | $131,060,000 | $248,000 | $1,605,000 | $99,000 | $589,000 |
| Preapproval Denied by Financial Institution | 219 | $52,205,000 | $238,000 | $985,000 | $112,000 | $1,680,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3,927 | $883,685,000 | $225,000 | $3,505,000 | $100,000 | $2,400,000 |
| Credit History | 92 | $20,770,000 | $225,000 | $525,000 | $96,000 | $240,000 |
| Other | 82 | $16,860,000 | $205,000 | $875,000 | $90,000 | $168,000 |
| Collateral | 43 | $8,895,000 | $206,000 | $505,000 | $100,000 | $239,000 |
| Unverifiable Information | 17 | $2,905,000 | $170,000 | $355,000 | $99,000 | $258,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,225,000 | $245,000 | $395,000 | $98,000 | $181,000 |
| Employment History | 4 | $660,000 | $165,000 | $185,000 | $51,000 | $71,000 |
| Credit Application Incomplete | 2 | $310,000 | $155,000 | $205,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2018 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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