R M K Financial Corp. Mortgage Lending & HMDA Data, 2019
In 2019, R M K Financial Corp. of Ontario, CA reported 2,431 mortgage applications totaling $834.6 million, down 42% from 2018. The average application was for $343,305, and applicants reported an average income of $105,307. 62% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (402), Riverside-San Bernardino-Ontario, CA (273) and Anaheim-Santa Ana-Irvine, CA (121) (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 | 2,431 |
| Total Mortgage Loan Application Amount | $834,575,000 |
| Average Mortgage Loan Application Amount | $343,305 |
| Highest Mortgage Loan Application Amount | $3,505,000 |
| Average Applicant Income | $105,307 |
| Highest Applicant Income | $1,565,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 1,573 | $554,285,000 | $352,000 | $2,585,000 | $100,000 | $1,565,000 |
| Cash-out Refinancing | 543 | $171,975,000 | $316,000 | $3,505,000 | $111,000 | $1,450,000 |
| Refinancing | 315 | $108,315,000 | $343,000 | $2,505,000 | $122,000 | $1,103,000 |
| 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 |
|---|---|---|---|---|---|---|
| Asian | 733 | $295,085,000 | $402,000 | $3,505,000 | $104,000 | $1,450,000 |
| Not Provided | 685 | $212,255,000 | $309,000 | $1,595,000 | $107,000 | $1,131,000 |
| Hispanic | 459 | $143,825,000 | $313,000 | $1,155,000 | $93,000 | $1,565,000 |
| White | 341 | $130,895,000 | $383,000 | $3,005,000 | $123,000 | $1,103,000 |
| Black or African American | 184 | $45,980,000 | $249,000 | $2,585,000 | $97,000 | $1,190,000 |
| Not applicable | 14 | $2,790,000 | $199,000 | $365,000 | $62,000 | $106,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $2,550,000 | $255,000 | $405,000 | $64,000 | $144,000 |
| American Indian or Alaskan Native | 5 | $1,195,000 | $239,000 | $395,000 | $78,000 | $156,000 |
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) | 1,234 | $474,220,000 | $384,000 | $3,505,000 | $115,000 | $1,565,000 |
| FHA-insured (Federal Housing Administration) | 985 | $305,905,000 | $310,000 | $855,000 | $89,000 | $294,000 |
| VA-guaranteed (Veterans Administration) | 212 | $54,450,000 | $256,000 | $705,000 | $114,000 | $388,000 |
| 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 | 1,506 | $538,370,000 | $357,000 | $3,505,000 | $103,000 | $1,565,000 |
| Application Withdrawn By Applicant | 707 | $233,915,000 | $330,000 | $2,585,000 | $110,000 | $1,190,000 |
| Application Denied By Financial Institution | 218 | $62,290,000 | $285,000 | $1,405,000 | $96,000 | $508,000 |
| 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 | 2,213 | $772,285,000 | $348,000 | $3,505,000 | $105,000 | $1,565,000 |
| Credit History | 77 | $19,205,000 | $249,000 | $725,000 | $102,000 | $385,000 |
| Debt-To-Income Ratio | 62 | $17,650,000 | $284,000 | $1,175,000 | $75,000 | $286,000 |
| Other | 30 | $8,770,000 | $292,000 | $725,000 | $111,000 | $495,000 |
| Collateral | 18 | $6,370,000 | $353,000 | $1,405,000 | $97,000 | $286,000 |
| Unverifiable Information | 12 | $4,150,000 | $345,000 | $585,000 | $99,000 | $161,000 |
| Credit Application Incomplete | 9 | $3,065,000 | $340,000 | $525,000 | $135,000 | $508,000 |
| Employment History | 7 | $2,265,000 | $323,000 | $695,000 | $114,000 | $265,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $815,000 | $271,000 | $325,000 | $73,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into R M K Financial Corp.'s 2019 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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