Mackillie Incorporated Mortgage Rates, Fees & Info

CARMEL, CA

LEI: 549300EKCY4J7PC8WH77

Tax ID: 27-0808153

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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.

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Originations

123

Origination Dollar Volume (All Markets)

$48,255,000

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

Their top states include:
  • California (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 56 $22,910,000 $409,107 $0 9.94%
    3 Year 33 $10,475,000 $317,424 $0 9.34%
    Other 31 $13,255,000 $427,581 $0 9.53%
    5 Year 3 $1,615,000 $538,333 $0 8.75%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $12,995,000 $288,778 $0 9.63%
    $400k-600k 27 $13,135,000 $486,481 $0 9.44%
    $600k-1MM 19 $13,935,000 $733,421 $0 9.66%
    $100k-200k 18 $2,560,000 $142,222 $0 9.85%
    $100,000 or less 11 $785,000 $71,364 $0 9.86%
    $1MM+ 3 $4,845,000 $1,615,000 $0 9.66%

    2018 saw Mackillie Incorporated place emphasis on $200k-400k loans with 45 originations, totaling $12,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 48 $14,550,000 $303,125 $0 9.71%
    $50k-75k 2 $520,000 $260,000 $0 9.99%
    $100k-150k 1 $475,000 $475,000 $0 10.00%
    $150k-250k 1 $445,000 $445,000 $0 10.00%
    $75k-100k 1 $335,000 $335,000 $0 9.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 61 $27,075,000 $443,852 $0 9.58%
    White 59 $19,215,000 $325,678 $0 9.71%
    Asian 3 $1,965,000 $655,000 $0 9.58%

    Approval Rates

    Total approvals of all applications
    99.19%

    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 origination

    Points 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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $10,380,000 $370,714 $0 9.66%
    40-60% 36 $15,290,000 $424,722 $0 9.35%
    60-80% 30 $15,170,000 $505,667 $0 9.59%
    80-100% 10 $3,860,000 $386,000 $0 10.05%
    Over 100% 3 $775,000 $258,333 $0 10.33%
    Under 20% 16 $2,780,000 $173,750 $0 10.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MCLEAN MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 100.0%