Mackillie Incorporated Mortgage Rates, Fees & Info
CARMEL, CALEI: 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 loans. Mackillie Incorporated has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Salinas, San Francisco, San Diego, and Oxnard among others. We have data for 16 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
110Origination Dollar Volume (All Markets)
$48,280,000Top 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) | 38 | $18,620,000 | $490,000 | $0 | 9.79% |
| SALINAS, CA (FHA|USDA|VA) | 25 | $8,365,000 | $334,600 | $0 | 9.87% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $6,410,000 | $801,250 | $0 | 9.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $2,900,000 | $483,333 | $0 | 9.58% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 8 | $2,770,000 | $346,250 | $0 | 9.34% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $2,290,000 | $1,145,000 | $0 | 9.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $2,220,000 | $370,000 | $0 | 9.58% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $0 | 9.38% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $0 | 9.67% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 7.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 9.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 10.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 10.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $48,280,000 | $438,909 | $0 | 9.68% |
For 2019, Mackillie Incorporated's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 89 | $37,815,000 | $424,888 | $0 | 9.74% |
| Home Purchase | 19 | $8,965,000 | $471,842 | $0 | 9.53% |
| Refi | 2 | $1,500,000 | $750,000 | $0 | 8.49% |
For 2019, Mackillie Incorporated's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
For 2019, Mackillie Incorporated's most frequently cited loan duration was 1 Year, with 71 originations. The 2nd most popular length was Other, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 107 | $46,755,000 | $436,963 |
| 7-8% | 3 | $1,525,000 | $508,333 |
During 2019, Mackillie Incorporated's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 107 originations.
Loan Sizing
2019 saw Mackillie Incorporated place emphasis on $200k-400k loans with 38 originations, totaling $11,030,000 in origination value.
Applicant Income
Mackillie Incorporated lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 24 | $7,220,000 | $300,833 | $0 | 9.63% |
| 50-60% | 2 | $530,000 | $265,000 | $0 | 9.50% |
Mackillie Incorporated lent most frequently to those with DTI ratios of <20%, with 24 originations. The next most common DTI ratio? 50-60%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 81 | $38,925,000 | $480,556 | $0 | 9.68% |
| White | 29 | $9,355,000 | $322,586 | $0 | 9.67% |
Approval Rates
Total approvals of all applications100.00%
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 | 110 | $48,280,000 | $438,909 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $355,000 | $355,000 |
| Single Family (1-4 Units):Site-Built | 109 | $47,925,000 | $439,679 |