Applications / Mortgage Analytics / Lenders / California / Kiavi Funding
San Francisco, CA · Non-bank affiliate of a holding company · CFPB · 25,528 loans in 2025
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25,528
loans originated, 2025
45,169
applications, 2025
47
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Kiavi Funding makes only conventional loans, mostly for home purchases, and lends a far larger share in lower-income and majority-minority areas than most similar lenders, having grown from 7,200 loans in 2020 to 25,528.
All its loans were conventional: none were FHA loans (insured by the Federal Housing Administration) or VA loans (guaranteed by the Department of Veterans Affairs), against 23.1% and 8.2% at similar lenders (non-banks making between an eighth and eight times as many loans). Home purchases were 73.8% of its lending and refinances 26.2%. It bought no loans.
44.4% of its loans were in LMI (low- and moderate-income) areas, against 20.1% at similar lenders, higher than at nearly all of them, and 51.2% were in majority-minority areas, against 26.5%, higher than at about nine in ten. Both shares have risen since 2020. Its typical loan was smaller, $215,000 against $305,000. No figures for borrower income or higher-priced loans are available for it.
It made 25,528 loans, up 16%, against 14% for similar lenders and 10% for the whole market, near the middle of them. Its yearly loans have risen from 5,494 in 2018, with only one small dip, in 2023. California is its main state, and it has lent in Los Angeles-Long Beach-Anaheim and San Francisco-Oakland-Fremont since 2015, its first year of reporting.
Questions the data can answer next
Similar lenders: lenders of the same broad kind (banks and savings institutions, credit unions or non-banks), originations between an eighth and eight times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Kiavi Funding took 45,169 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 73.8% · Refinance 26.2%
Conventional 100.0% · of 25,528 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 3,237 | 12.7% |
| Florida | 2,385 | 9.3% |
| Ohio | 1,967 | 7.7% |
| Pennsylvania | 1,829 | 7.2% |
| North Carolina | 1,435 | 5.6% |
| Georgia | 1,388 | 5.4% |
| Texas | 1,379 | 5.4% |
| New Jersey | 1,139 | 4.5% |
| Michigan | 1,128 | 4.4% |
| Missouri | 909 | 3.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Philadelphia | 794 |
| Los Angeles-Long Beach-Glendale | 754 |
| Atlanta-Sandy Springs-Roswell | 705 |
| Detroit-Dearborn-Livonia | 675 |
| Kansas City | 655 |
| Cleveland | 605 |
| Las Vegas-Henderson-North Las Vegas | 542 |
| Riverside-San Bernardino-Ontario | 471 |
| Charlotte-Concord-Gastonia | 464 |
| Camden | 456 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493006VAGP3GQ8FJT49 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 5023910 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7463528270 |
Established 15 July 2013. Reported under HMDA 2015-2025.
Mergers, name changes, data editions and corrections: Kiavi Funding's data.
Kiavi Funding's data
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