AllMortgageDetail - Mortgage Application Details

Weststar Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Weststar Mortgage Corporation
6363 N. State Hwy 161 #500
Irving, TX 45028
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 4,779
Total Mortgage Loan Application Amount $874,232,000
Average Mortgage Loan Application Amount $165,733
Highest Mortgage Loan Application Amount $1,973,000
Average Applicant Income $83,305
Highest Applicant Income $3,530,000

Mortgage Loan Application Detail Totals for Weststar Mortgage Corporation in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 4,003 $709,049,000 $177,000 $1,100,000 $88,000 $3,530,000
Refinancing 776 $165,183,000 $212,000 $1,973,000 $112,000 $1,622,000
Home Improvement 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 3,458 $648,309,000 $187,000 $1,973,000 $94,000 $2,749,000
Hispanic 624 $96,727,000 $155,000 $750,000 $81,000 $3,530,000
Not Provided 266 $51,692,000 $194,000 $681,000 $96,000 $480,000
Black or African American 250 $39,828,000 $159,000 $840,000 $81,000 $1,140,000
Asian 136 $29,533,000 $217,000 $1,073,000 $102,000 $564,000
American Indian or Alaskan Native 31 $4,996,000 $161,000 $345,000 $85,000 $543,000
Native Hawaiin or Other Pacific Islander 14 $3,147,000 $224,000 $430,000 $81,000 $186,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,521 $505,527,000 $200,000 $1,973,000 $112,000 $3,530,000
FHA-insured (Federal Housing Administration) 1,631 $257,157,000 $157,000 $515,000 $71,000 $910,000
VA-guaranteed (Veterans Administration) 349 $72,737,000 $208,000 $509,000 $81,000 $331,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 278 $38,811,000 $139,000 $362,000 $49,000 $103,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 3,430 $621,939,000 $181,000 $1,024,000 $90,000 $3,530,000
Application Withdrawn By Applicant 571 $111,127,000 $194,000 $1,100,000 $104,000 $1,622,000
File Closed For Incompleteness 455 $92,636,000 $203,000 $1,973,000 $106,000 $1,140,000
Application Denied By Financial Institution 323 $48,530,000 $150,000 $515,000 $69,000 $480,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 85 $13,927,000 $163,000 $425,000 $76,000 $420,000
Debt-To-Income Ratio 67 $9,580,000 $142,000 $285,000 $54,000 $132,000
Collateral 58 $6,733,000 $116,000 $362,000 $60,000 $222,000
Other 54 $8,400,000 $155,000 $515,000 $78,000 $276,000
Insufficient Cash (Downpayment, Closing Cost) 26 $3,976,000 $152,000 $285,000 $64,000 $147,000
Unverifiable Information 16 $2,920,000 $182,000 $355,000 $70,000 $178,000
Employment History 12 $2,258,000 $188,000 $417,000 $109,000 $480,000
Credit Application Incomplete 4 $667,000 $166,000 $241,000 $106,000 $192,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0