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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Los Angeles, Miami, Phoenix, Riverside, and San Diego among others. Oaktree Funding Corp. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Oaktree Funding Corp. is typically a high fee lendor.


Originations

1,264

Origination Dollar Volume (All Markets)

$899,270,000

Relative Rate

Oaktree Funding Corp.'s average 30 year fixed rate mortgage of loans were 4.46%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 1.31%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Oaktree Funding Corp.'s most frequently originated loan type of loans were Conventional, with 1,238 originations. Their 2nd most popular type is VA, with 16 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Oaktree Funding Corp.'s most frequently cited loan purpose of loans were Home Purchase, with 575 originations. The 2nd most popular reason of loans were 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 the 2021, Oaktree Funding Corp.'s most frequently cited loan length of loans were 30 Year, with 1,034 originations. The 2nd most popular length of loans were 30+ year, with 210 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 645 $567,665,000 $880,101
$1k-2k 121 $96,815,000 $800,124
$3k-4k 80 $29,180,000 $364,750
$<1k 66 $28,330,000 $429,242
$2k-3k 29 $12,395,000 $427,414

$14,042 of loans were Oaktree Funding Corp.'s average total fees, while their most frequently occuring range of origination fees 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 of loans were 4.46%, while their most frequently originated rate bucket of loans were 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 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
93.98%

Oaktree Funding Corp. has an average approval rate.

Pick Rate

Approvals leading to origination
16.42%

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%