Oaktree Funding Corp. Mortgage Rates, Fees & Info
UPLAND, CALEI: 549300KX4S1573HISS22
Tax ID: 95-4267987
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Mortgage Data
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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.69% | 9/1/24 |
| 30 Year Conventional Refi | 7.20% | 9/1/24 |
| 30 Year Cash-out Refi | 7.89% | 9/1/24 |
| 30 Year FHA Purchase | 7.21% | 9/1/24 |
| 30 Year VA Purchase | 7.07% | 9/1/24 |
| 15 Year Conventional Purchase | 6.18% | 9/1/24 |
| 15 Year Conventional Refi | 7.05% | 9/1/24 |
| 15 Year Cash-out Refi | 7.05% | 9/1/24 |
| 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. | ||
Oaktree Funding Corp. Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,264Origination Dollar Volume (All Markets)
$899,270,000Top 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) | 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% |
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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
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
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
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
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
2021 saw Oaktree Funding Corp. place emphasis on $200k-400k loans with 347 originations, totaling $102,945,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.05%
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 origination18.99%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OAKTREE FUNDING CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |