Oaktree Funding Corp. Mortgage Rates, Fees & Info

UPLAND, CA

LEI: 549300KX4S1573HISS22

Tax ID: 95-4267987

1 stars - out of 5 stars, based on 36 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Oaktree Funding Corp. is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Oaktree Funding Corp. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Miami, Phoenix, Riverside, and San Diego among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oaktree Funding Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Oaktree Funding Corp. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 8.49% 1/29/23
    30 Year Conventional Refi 6.91% 1/29/23
    30 Year Cash-out Refi 7.63% 1/29/23
    30 Year FHA Purchase 7.14% 1/29/23
    30 Year FHA Refi 6.91% 1/29/23
    30 Year VA Purchase 6.31% 1/29/23
    30 Year VA Refi 5.97% 1/29/23
    30 Year USDA Purchase 6.27% 1/29/23
    15 Year Conventional Purchase 5.88% 1/29/23
    15 Year Conventional Refi 6.13% 1/29/23
    15 Year Cash-out Refi 6.13% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,264

    Origination Dollar Volume (All Markets)

    $899,270,000

    Relative Rate

    Oaktree Funding Corp.'s average 30 year fixed mortgage rate was 4.46%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 1.31%.

    Relative Fees (Closing Costs)

    Oaktree Funding Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $14,042.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 290 $295,770,000 $1,019,897 $18,784 4.07%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 73 $54,335,000 $744,315 $23,632 4.47%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 96 $53,420,000 $556,458 $10,055 4.37%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 88 $48,950,000 $556,250 $12,477 4.22%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 42 $41,450,000 $986,905 $18,160 4.19%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 43 $37,215,000 $865,465 $15,463 3.72%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 27 $22,915,000 $848,704 $15,911 3.94%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 16 $18,270,000 $1,141,875 $18,079 4.19%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 27 $17,275,000 $639,815 $12,203 5.09%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 15 $14,305,000 $953,667 $21,904 4.66%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 28 $13,360,000 $477,143 $12,511 4.81%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 17 $11,875,000 $698,529 $12,828 3.78%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 16 $11,090,000 $693,125 $14,458 4.91%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $10,685,000 $508,810 $11,187 5.04%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 18 $10,370,000 $576,111 $14,590 4.80%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $9,265,000 $712,692 $16,975 4.23%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $9,140,000 $914,000 $15,841 3.77%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $8,775,000 $975,000 $10,074 4.65%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 15 $8,715,000 $581,000 $16,668 4.38%
    SALINAS, CA (FHA|USDA|VA) 7 $8,345,000 $1,192,143 $17,929 4.59%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $8,085,000 $621,923 $11,620 5.13%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 12 $7,730,000 $644,167 $24,607 4.42%
    SALT LAKE CITY, UT (FHA|USDA|VA) 10 $7,620,000 $762,000 $14,862 4.12%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 13 $7,105,000 $546,538 $19,361 4.65%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 11 $6,645,000 $604,091 $8,924 5.33%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $6,115,000 $873,571 $18,670 4.84%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $6,020,000 $752,500 $15,718 4.59%
    Outside of Metro Areas 12 $5,790,000 $482,500 $10,312 4.42%
    PROVO-OREM, UT (FHA|USDA|VA) 11 $5,595,000 $508,636 $8,099 4.19%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $4,350,000 $362,500 $12,014 4.46%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $4,265,000 $853,000 $29,298 4.90%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $4,225,000 $384,091 $12,738 5.06%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $4,020,000 $402,000 $13,232 4.90%
    FRESNO, CA (FHA|USDA|VA) 11 $3,955,000 $359,545 $7,589 4.06%
    BOISE CITY, ID (FHA|USDA|VA) 6 $3,630,000 $605,000 $13,227 4.77%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 6 $3,500,000 $583,333 $10,931 4.19%
    TUCSON, AZ (FHA|USDA|VA) 5 $3,155,000 $631,000 $12,754 3.83%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $3,080,000 $513,333 $10,403 4.64%
    JACKSONVILLE, FL (FHA|USDA|VA) 7 $3,075,000 $439,286 $14,074 5.20%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $3,030,000 $757,500 $16,623 4.44%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,955,000 $422,143 $13,006 5.39%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 5 $2,795,000 $559,000 $14,086 4.58%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 6 $2,760,000 $460,000 $11,389 4.54%
    Key West, FL (FHA|USDA|VA) 4 $2,720,000 $680,000 $19,497 4.10%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $2,560,000 $640,000 $12,824 4.09%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $2,435,000 $811,667 $43,716 4.16%
    ST. GEORGE, UT (FHA|USDA|VA) 3 $2,215,000 $738,333 $17,961 4.83%
    MODESTO, CA (FHA|USDA|VA) 5 $2,135,000 $427,000 $10,791 3.88%
    Outside of Metro Areas 4 $2,130,000 $532,500 $17,376 4.37%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $2,020,000 $1,010,000 $16,959 2.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,965,000 $280,714 $11,827 5.52%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,925,000 $641,667 $8,674 5.21%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $1,920,000 $240,000 $0 5.70%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,895,000 $631,667 $17,700 4.33%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,785,000 $595,000 $4,433 4.79%
    Ukiah, CA (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $0 3.63%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,495,000 $498,333 $11,950 4.75%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $1,485,000 $1,485,000 $6,224 7.25%
    VALLEJO, CA (FHA|USDA|VA) 3 $1,445,000 $481,667 $7,094 4.17%
    COLUMBIA, MO (FHA|USDA|VA) 1 $1,425,000 $1,425,000 $3,578 5.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $1,350,000 $675,000 $16,669 5.04%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $1,330,000 $665,000 $17,330 5.94%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,325,000 $441,667 $14,856 4.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,320,000 $330,000 $11,671 5.21%
    SANTA FE, NM (FHA|USDA|VA) 2 $1,110,000 $555,000 $13,232 4.63%
    Breckenridge, CO (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 4.19%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 2 $1,080,000 $540,000 $15,635 4.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $1,080,000 $540,000 $25,322 4.19%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,080,000 $270,000 $9,064 4.34%
    VISALIA, CA (FHA|USDA|VA) 5 $1,055,000 $211,000 $7,810 4.73%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,984 5.50%
    OCALA, FL (FHA|USDA|VA) 2 $1,020,000 $510,000 $14,783 4.12%
    BOULDER, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $4,165 2.88%
    Whitewater, WI (FHA|USDA|VA) 1 $985,000 $985,000 $24,681 3.74%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $975,000 $975,000 $33,214 5.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $955,000 $318,333 $7,160 5.46%
    SALEM, OR (FHA|USDA|VA) 2 $940,000 $470,000 $17,936 4.88%
    RENO, NV (FHA|USDA|VA) 3 $935,000 $311,667 $9,156 4.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $925,000 $308,333 $3,671 4.46%
    BEND, OR (FHA|USDA|VA) 2 $890,000 $445,000 $13,099 4.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $885,000 $885,000 $0 4.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $880,000 $440,000 $10,753 6.31%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $875,000 $291,667 $0 4.50%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $860,000 $430,000 $11,889 3.50%
    NAPA, CA (FHA|USDA|VA) 1 $835,000 $835,000 $15,257 2.88%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $825,000 $825,000 $18,561 4.63%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $825,000 $825,000 $4,678 5.13%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $800,000 $400,000 $10,271 4.75%
    Seneca, SC (FHA|USDA|VA) 1 $775,000 $775,000 $0 4.63%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.87%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $740,000 $185,000 $4,432 4.09%
    Oak Harbor, WA (FHA|USDA|VA) 1 $735,000 $735,000 $19,556 4.75%
    JACKSON, TN (FHA|USDA|VA) 1 $725,000 $725,000 $12,225 6.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $710,000 $355,000 $10,011 6.62%
    Aberdeen, WA (FHA|USDA|VA) 1 $705,000 $705,000 $16,038 5.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $675,000 $225,000 $9,153 4.29%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.88%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $640,000 $160,000 $0 4.18%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $625,000 $625,000 $10,404 3.88%
    Rexburg, ID (FHA|USDA|VA) 1 $605,000 $605,000 $0 4.63%
    GREENVILLE, NC (FHA|USDA|VA) 1 $585,000 $585,000 $10,337 6.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $570,000 $285,000 $11,066 4.56%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $530,000 $265,000 $7,221 4.80%
    Jefferson, GA (FHA|USDA|VA) 1 $515,000 $515,000 $15,796 5.99%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $510,000 $255,000 $6,568 5.62%
    Sandpoint, ID (FHA|USDA|VA) 1 $495,000 $495,000 $19,353 3.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $495,000 $165,000 $5,786 5.54%
    Torrington, CT (FHA|USDA|VA) 1 $475,000 $475,000 $6,805 5.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $455,000 $455,000 $16,896 3.99%
    COLUMBUS, OH (FHA|USDA|VA) 1 $435,000 $435,000 $4,515 7.12%
    MIDLAND, TX (FHA|USDA|VA) 1 $435,000 $435,000 $12,592 3.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $430,000 $215,000 $0 5.31%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $405,000 $405,000 $4,777 6.50%
    MADERA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $8,554 5.38%
    Holland, MI (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.63%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $365,000 $365,000 $8,098 7.50%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $4,761 5.24%
    REDDING, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,772 2.63%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $350,000 $175,000 $7,350 4.81%
    COLUMBIA, SC (FHA|USDA|VA) 1 $345,000 $345,000 $3,730 6.38%
    Fernley, NV (FHA|USDA|VA) 1 $325,000 $325,000 $10,300 5.38%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $315,000 $315,000 $6,452 4.63%
    Sevierville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.63%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.38%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $10,352 6.38%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $265,000 $265,000 $10,447 5.88%
    MERCED, CA (FHA|USDA|VA) 1 $245,000 $245,000 $8,648 3.75%
    NEW BERN, NC (FHA|USDA|VA) 1 $245,000 $245,000 $6,271 5.74%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $235,000 $235,000 $10,531 5.25%
    CHICO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $225,000 $225,000 $8,702 5.37%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,643 5.88%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $215,000 $215,000 $7,032 7.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 5.81%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $210,000 $105,000 $0 6.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,167 6.50%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,371 6.74%
    Sandusky, OH (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.75%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $185,000 $185,000 $3,576 6.36%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $175,000 $175,000 $4,901 6.75%
    Sonora, CA (FHA|USDA|VA) 1 $175,000 $175,000 $6,084 4.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.25%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $165,000 $165,000 $4,057 7.13%
    Morehead City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,763 6.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.25%
    Oaktree Funding Corp.'s top markets include Los Angeles, Miami, Phoenix, Riverside, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against OAKTREE FUNDING CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,238 $886,770,000 $716,292 $15,179 4.46%
    VA 16 $8,940,000 $558,750 $8,794 2.71%
    FHA 10 $3,560,000 $356,000 $13,699 2.74%

    For 2021, Oaktree Funding Corp.'s most frequently originated type of loan was Conventional, with 1,238 originations. Their 2nd most popular type was VA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 575 $428,455,000 $745,139 $15,780 4.96%
    Cash Out Refi 433 $289,005,000 $667,448 $16,166 4.22%
    Refi 256 $181,810,000 $710,195 $12,041 3.57%

    For 2021, Oaktree Funding Corp.'s most frequently cited loan purpose was Home Purchase, with 575 originations. The 2nd most popular reason was Cash Out Refi, with 433 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,034 $681,140,000 $658,743 $14,042 4.46%
    30+ year 210 $210,340,000 $1,001,619 $22,772 4.45%
    15 Year 15 $6,275,000 $418,333 $7,529 2.59%
    20 Year 3 $1,025,000 $341,667 $6,953 2.75%
    Other 2 $490,000 $245,000 $7,592 3.44%

    For 2021, Oaktree Funding Corp.'s most frequently cited loan duration was 30 Year, with 1,034 originations. The 2nd most popular length was 30+ year, with 210 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 645 $567,665,000 $880,101
    $1k-2k 121 $96,815,000 $800,124
    $<1k 66 $28,330,000 $429,242
    $4k-5k 44 $17,300,000 $393,182
    $3k-4k 36 $11,880,000 $330,000
    $2k-3k 29 $12,395,000 $427,414

    Oaktree Funding Corp.'s average total fees were $14,042, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 645 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 391 $298,425,000 $763,235
    4-5% 337 $258,105,000 $765,890
    5-6% 242 $164,090,000 $678,058
    2.5-3% 125 $83,925,000 $671,400
    6-7% 102 $54,060,000 $530,000
    <2.5% 44 $29,320,000 $666,364
    7-8% 22 $10,960,000 $498,182
    Over 8% 1 $385,000 $385,000

    During 2021, Oaktree Funding Corp.'s average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 3-4%, with 391 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 347 $102,945,000 $296,671 $8,074 4.53%
    $600k-1MM 292 $224,110,000 $767,500 $15,418 4.34%
    $1MM+ 272 $430,110,000 $1,581,287 $26,854 4.33%
    $400k-600k 255 $126,775,000 $497,157 $10,922 4.32%
    $100k-200k 97 $15,235,000 $157,062 $6,051 4.89%
    $100,000 or less 1 $95,000 $95,000 $0 4.38%

    2021 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 347 originations, totaling $102,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 414 $474,520,000 $1,146,184 $20,139 4.42%
    $50k or less 235 $112,465,000 $478,574 $7,225 4.69%
    $150k-250k 206 $134,730,000 $654,029 $13,550 4.36%
    $100k-150k 175 $80,865,000 $462,086 $10,617 4.31%
    $75k-100k 69 $24,145,000 $349,928 $9,805 4.22%
    $50k-75k 49 $13,325,000 $271,939 $7,257 4.59%

    Oaktree Funding Corp. lent most frequently to those with incomes in the $250k+ range, with 414 originations. The second most popular income band? $50k or less, with 235 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 164 $140,980,000 $859,634 $16,018 4.24%
    30-36% 141 $105,415,000 $747,624 $14,985 4.30%
    <20% 130 $103,660,000 $797,385 $14,638 4.39%
    49% 52 $32,570,000 $626,346 $14,120 4.70%
    41% 46 $39,600,000 $860,870 $13,889 4.77%
    45% 42 $26,140,000 $622,381 $13,655 4.89%
    42% 37 $24,265,000 $655,811 $12,682 4.30%
    39% 37 $25,755,000 $696,081 $13,516 3.87%
    44% 36 $27,190,000 $755,278 $13,625 4.24%
    46% 35 $31,105,000 $888,714 $16,124 4.75%
    43% 34 $26,470,000 $778,529 $14,524 4.54%
    47% 32 $20,750,000 $648,438 $14,173 4.28%
    48% 29 $26,125,000 $900,862 $16,986 4.70%
    37% 28 $19,830,000 $708,214 $15,843 3.85%
    40% 27 $24,065,000 $891,296 $17,023 4.25%
    36% 27 $18,815,000 $696,852 $13,475 4.13%
    38% 23 $19,985,000 $868,913 $17,268 4.73%
    50-60% 22 $21,950,000 $997,727 $23,351 3.59%
    >60% 1 $465,000 $465,000 $0 4.25%

    Oaktree Funding Corp. lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 779 $571,385,000 $733,485 $15,301 4.45%
    Not provided 295 $212,495,000 $720,322 $15,640 4.28%
    Asian 97 $68,065,000 $701,701 $13,182 4.07%
    Black 80 $39,030,000 $487,875 $13,408 5.17%
    American Indian 6 $3,860,000 $643,333 $10,120 4.42%
    Native Hawaiian or Islander 4 $3,170,000 $792,500 $28,352 5.44%
    Other Asian 1 $755,000 $755,000 $6,662 4.50%
    Chinese 1 $265,000 $265,000 $7,584 2.75%
    Asian Indian 1 $245,000 $245,000 $6,271 5.74%

    Approval Rates

    Total approvals of all applications
    98.05%

    Oaktree Funding Corp. 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
    18.99%

    Oaktree Funding Corp. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,264 $899,270,000 $711,448

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,264 $899,270,000 $711,448

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $29,040,000 $500,690 $9,243 3.51%
    40-60% 212 $142,810,000 $673,632 $12,684 3.61%
    60-80% 572 $409,150,000 $715,297 $16,290 4.30%
    80-100% 418 $314,670,000 $752,799 $15,489 5.15%
    Under 20% 4 $3,600,000 $900,000 $17,943 3.66%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    OAKTREE FUNDING CORPORATION Conventional home mortgage Closing on a mortgage 1 100.0%