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, 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
165Origination Dollar Volume (All Markets)
$84,345,000Top 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) | 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% |
Their top states include:
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
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
2021 saw Mackillie Incorporated place emphasis on $400k-600k loans with 49 originations, totaling $24,515,000 in origination value.
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 165 | $84,345,000 | $511,182 |
LTV Distribution
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% |