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MK LENDING CORP.
Independent Mortgage Company|NORTH HOLLYWOOD, CA|Multi-Region
Loans Originated
715
Applications
1,255
Volume
$423 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.517%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,741
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
57.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in FHA and Jumbo loans
Things to Think About
- Rates typically 52 basis points above market average
Report Card
MK LENDING CORP. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 10 metro areas · 9 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$592,371
Average Borrower Income
$233,260
Average Property Value
$888,077
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Acceptable | Acceptable | 612 | 85.6% | +0.468% | $3,730 |
FHA Loans | Sound | Strong | Acceptable | Sound | 69 | 9.7% | +0.684% | $3,855 |
Jumbo Loans | Sound | Strong | N/A | Sound | 34 | 4.8% | +1.213% | $3,577 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Mediocre | Acceptable | 519 | 72.6% | +0.506% | $3,897 |
Refinance | Acceptable | Strong | Mediocre | Acceptable | 196 | 27.4% | +0.551% | $3,240 |
Geographic Coverage
Metro Areas
10
States Served
9
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCAFLGAMDNJTXVAWA
Top Metro Areas by Place Specialization Score
1
Los Angeles, CAMSA
Volume: 228Mix: 31.89%
Place Specialization
Strong
2
Anaheim, CAMSA
Volume: 99Mix: 13.85%
Place Specialization
Strong
3
Riverside, CAMSA
Volume: 136Mix: 19.02%
Place Specialization
Strong
4
Oakland, CAMSA
Volume: 34Mix: 4.76%
Place Specialization
Sound
5
San Diego, CAMSA
Volume: 33Mix: 4.62%
Place Specialization
Sound
6
Arlington, VA-WVMSA
Volume: 28Mix: 3.92%
Place Specialization
Sound
7
San Francisco, CAMSA
Volume: 15Mix: 2.10%
Place Specialization
Sound
8
San Jose, CAMSA
Volume: 12Mix: 1.68%
Place Specialization
Sound
9
Phoenix, AZMSA
Volume: 15Mix: 2.10%
Place Specialization
Sound
10
Atlanta, GAMSA
Volume: 11Mix: 1.54%
Place Specialization
Acceptable
Top States by Place Specialization Score
1
CAState
Volume: 609Mix: 85.17%
Place Specialization
Strong
2
VAState
Volume: 29Mix: 4.06%
Place Specialization
Sound
3
MDState
Volume: 18Mix: 2.52%
Place Specialization
Sound
4
AZState
Volume: 16Mix: 2.24%
Place Specialization
Sound
5
TXState
Volume: 18Mix: 2.52%
Place Specialization
Acceptable
6
GAState
Volume: 12Mix: 1.68%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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