Mackillie Incorporated Mortgage Rates, Fees & Info

CARMEL, CA

LEI: 549300EKCY4J7PC8WH77

Tax ID: 27-0808153

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mackillie Incorporated is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Mackillie Incorporated has a high proportion of conventional loans. Their top markets include Los Angeles, Salinas, San Francisco, San Jose, and San Diego among others. Mackillie Incorporated has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

165

Origination Dollar Volume (All Markets)

$84,345,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 50 $24,300,000 $486,000 $0 9.18%
SALINAS, CA (FHA|USDA|VA) 36 $19,050,000 $529,167 $0 9.48%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 23 $15,335,000 $666,739 $0 9.18%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 20 $11,520,000 $576,000 $0 9.11%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $3,515,000 $390,556 $0 9.28%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $2,835,000 $405,000 $0 9.86%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,845,000 $615,000 $0 9.17%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,760,000 $880,000 $0 10.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $955,000 $318,333 $0 9.67%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $830,000 $415,000 $0 9.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $725,000 $725,000 $0 10.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $595,000 $198,333 $0 9.33%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 10.00%
MODESTO, CA (FHA|USDA|VA) 3 $425,000 $141,667 $0 9.58%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $140,000 $70,000 $0 10.25%

Mackillie Incorporated's top markets include Los Angeles, Salinas, San Francisco, San Jose, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 165 $84,345,000 $511,182 $0 9.33%

For the 2021 period, Mackillie Incorporated's most frequently originated loan type of loans were Conventional, with 165 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 133 $62,255,000 $468,083 $0 9.32%
Home Purchase 32 $22,090,000 $690,313 $0 9.34%

For the 2021, Mackillie Incorporated's most frequently cited loan purpose of loans were Cash Out Refi, with 133 originations. The 2nd most popular reason of loans were Home Purchase, with 32 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
1 Year 122 $68,080,000 $558,033 $0 9.37%
Other 33 $13,795,000 $418,030 $0 9.40%
3 Year 7 $1,855,000 $265,000 $0 8.82%
5 Year 3 $615,000 $205,000 $0 8.00%

For the 2021, Mackillie Incorporated's most frequently cited loan length of loans were 1 Year, with 122 originations. The 2nd most popular length of loans were Other, with 33 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
Over 8% 149 $76,915,000 $516,208
7-8% 14 $6,940,000 $495,714
3-4% 1 $235,000 $235,000
4-5% 1 $255,000 $255,000

During 2021, Mackillie Incorporated's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were Over 8%, with 149 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 49 $24,515,000 $500,306 $0 9.43%
$200k-400k 43 $12,405,000 $288,488 $0 9.28%
$600k-1MM 36 $27,010,000 $750,278 $0 9.32%
$100k-200k 18 $2,340,000 $130,000 $0 9.46%
$1MM+ 13 $17,755,000 $1,365,769 $0 8.81%
$100,000 or less 6 $320,000 $53,333 $0 9.58%

2021 saw Mackillie Incorporated place emphasis on $400k-600k loans with 49 originations, totaling $24,515,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 113 $59,585,000 $527,301 $0 9.35%
White 51 $24,105,000 $472,647 $0 9.25%
Black 1 $655,000 $655,000 $0 10.00%

Approval Rates

Total approvals of all applications
99.81%

Mackillie Incorporated has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
99.44%

Mackillie Incorporated has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 165 $84,345,000 $511,182

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
165 $84,345,000 $511,182

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 30 $9,960,000 $332,000 $0 9.05%
40-60% 54 $30,850,000 $571,296 $0 9.27%
60-80% 56 $38,400,000 $685,714 $0 9.32%
80-100% 2 $940,000 $470,000 $0 10.00%
Under 20% 23 $4,195,000 $182,391 $0 9.78%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
MCLEAN MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 50.0%
MCLEAN MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%