Mackillie Incorporated Mortgage Rates, Fees & Info
CARMEL, CALEI: 549300EKCY4J7PC8WH77
Tax ID: 27-0808153
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & 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 by origination volume include: Los Angeles, Salinas, San Francisco, San Jose, and Oxnard among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Mackillie Incorporated has an above average approval rate when compared to the average across all lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
123Origination Dollar Volume (All Markets)
$48,255,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 47 | $18,495,000 | $393,511 | $0 | 9.67% |
| SALINAS, CA (FHA|USDA|VA) | 31 | $14,005,000 | $451,774 | $0 | 9.45% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 12 | $5,190,000 | $432,500 | $0 | 9.85% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $0 | 10.10% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $0 | 9.64% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,715,000 | $571,667 | $0 | 9.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $0 | 9.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 10.06% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 10.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 9.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 9.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.50% |
| Outside of Metro Areas | 1 | $165,000 | $165,000 | $0 | 9.00% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.50% |
| MADERA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $48,255,000 | $392,317 | $0 | 9.64% |
For 2018, Mackillie Incorporated's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 77 | $29,195,000 | $379,156 | $0 | 9.69% |
| Home Purchase | 45 | $18,955,000 | $421,222 | $0 | 9.57% |
| Refi | 1 | $105,000 | $105,000 | $0 | 9.50% |
For 2018, Mackillie Incorporated's most frequently cited loan purpose was Cash Out Refi, with 77 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
For 2018, Mackillie Incorporated's most frequently cited loan duration was 1 Year, with 56 originations. The 2nd most popular length was 3 Year, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 116 | $45,440,000 | $391,724 |
| 7-8% | 7 | $2,815,000 | $402,143 |
During 2018, Mackillie Incorporated's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 116 originations.
Loan Sizing
2018 saw Mackillie Incorporated place emphasis on $200k-400k loans with 45 originations, totaling $12,995,000 in origination value.
Applicant Income
Mackillie Incorporated lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| >60% | 5 | $1,765,000 | $353,000 | $0 | 9.94% |
Mackillie Incorporated lent most frequently to those with DTI ratios of >60%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.19%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 123 | $48,255,000 | $392,317 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $2,845,000 | $948,333 |
| Single Family (1-4 Units):Site-Built | 120 | $45,410,000 | $378,417 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MCLEAN MORTGAGE CORPORATION | VA mortgage | Closing on a mortgage | 1 | 100.0% |