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 San Diego among others. We have data for 15 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

165

Origination Dollar Volume (All Markets)

$84,345,000

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) 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.

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

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

    For 2021, Mackillie Incorporated's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mackillie Incorporated's most frequently cited loan purpose was Cash Out Refi, with 133 originations. The 2nd most popular reason was 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 2021, Mackillie Incorporated's most frequently cited loan duration was 1 Year, with 122 originations. The 2nd most popular length was 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 for loans was 0.00%, while their most frequently originated rate bucket for loans was 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
    100.00%

    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 origination

    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%