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 and Home Purchase loans. Mackillie Incorporated has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Salinas, Oxnard, and San Diego 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. They have an above average pick rate when compared to similar lenders.
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Originations
136Origination Dollar Volume (All Markets)
$60,140,000Top 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) | 46 | $20,820,000 | $452,609 | $0 | 9.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 18 | $10,640,000 | $591,111 | $0 | 9.33% |
| SALINAS, CA (FHA|USDA|VA) | 20 | $9,890,000 | $494,500 | $0 | 9.46% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $4,505,000 | $300,333 | $0 | 9.72% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 9 | $4,205,000 | $467,222 | $0 | 9.36% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 6 | $3,070,000 | $511,667 | $0 | 9.83% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $2,590,000 | $431,667 | $0 | 9.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $0 | 9.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $0 | 9.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 9.93% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 10.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.49% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.99% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 136 | $60,140,000 | $442,206 | $0 | 9.48% |
For 2020, Mackillie Incorporated's most frequently originated type of loan was Conventional, with 136 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 107 | $48,055,000 | $449,112 | $0 | 9.56% |
| Home Purchase | 29 | $12,085,000 | $416,724 | $0 | 9.20% |
For 2020, Mackillie Incorporated's most frequently cited loan purpose was Cash Out Refi, with 107 originations. The 2nd most popular reason was Home Purchase, with 29 originations.
Loan Duration/Length
For 2020, Mackillie Incorporated's most frequently cited loan duration was 1 Year, with 95 originations. The 2nd most popular length was Other, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 129 | $57,025,000 | $442,054 |
| 7-8% | 6 | $2,740,000 | $456,667 |
| 6-7% | 1 | $375,000 | $375,000 |
During 2020, Mackillie Incorporated's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 129 originations.
Loan Sizing
2020 saw Mackillie Incorporated place emphasis on $200k-400k loans with 51 originations, totaling $15,215,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 31 | $11,385,000 | $367,258 | $0 | 9.29% |
Mackillie Incorporated lent most frequently to those with incomes in the $50k or less range, with 31 originations.
Ethnicity Mix
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 origination97.79%
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 | 136 | $60,140,000 | $442,206 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 136 | $60,140,000 | $442,206 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MCLEAN MORTGAGE CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
| MCLEAN MORTGAGE CORPORATION | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |