360 Mortgage Group, LLC Mortgage Lending & HMDA Data, 2013

In 2013, 360 Mortgage Group, LLC of Austin, TX reported 5,832 mortgage applications totaling $1.2 billion, up 32% from 2012. The average application was for $206,260, and applicants reported an average income of $54,142. 46% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Glendale, AZ (327), Baltimore-Towson, MD (307) and Atlanta-Sandy Springs-Marietta, GA (256) (applications in parentheses).

Mortgage Company & Address 360 Mortgage Group, LLC
11305 Four Points Drive, Bldg 1, #200
Austin, TX 78726
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 5,832
Total Mortgage Loan Application Amount $1,202,909,000
Average Mortgage Loan Application Amount $206,260
Highest Mortgage Loan Application Amount $1,023,000
Average Applicant Income $54,142
Highest Applicant Income $1,481,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 360 Mortgage Group, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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Mortgage Loan Application Detail Totals for 360 Mortgage Group, LLC in 2013

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
Refinancing 3,551 $711,615,000 $200,000 $1,023,000 $72,000 $1,151,000
Home Purchase 2,268 $488,468,000 $215,000 $751,000 $26,000 $1,481,000
Home Improvement 13 $2,826,000 $217,000 $417,000 $86,000 $202,000

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 2,917 $563,907,000 $193,000 $751,000 $78,000 $1,481,000
Not applicable 1,626 $384,318,000 $236,000 $1,023,000 $0 $124,000
Hispanic 467 $85,293,000 $182,000 $548,000 $64,000 $638,000
Black or African American 372 $70,930,000 $190,000 $585,000 $58,000 $353,000
Not Provided 272 $58,945,000 $216,000 $697,000 $76,000 $651,000
Asian 148 $32,950,000 $222,000 $491,000 $85,000 $461,000
Native Hawaiian or Other Pacific Islander 18 $4,106,000 $228,000 $376,000 $56,000 $187,000
American Indian or Alaskan Native 12 $2,460,000 $205,000 $417,000 $185,000 $493,000

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) 2,736 $550,282,000 $201,000 $573,000 $101,000 $1,481,000
VA-guaranteed (Veterans Administration) 2,073 $463,802,000 $223,000 $1,023,000 $7,000 $275,000
FHA-insured (Federal Housing Administration) 953 $179,835,000 $188,000 $743,000 $24,000 $363,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 70 $8,990,000 $128,000 $264,000 $46,000 $95,000

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 2,694 $524,346,000 $194,000 $751,000 $77,000 $1,151,000
Loan Purchased By The Institution 2,640 $579,903,000 $219,000 $1,023,000 $27,000 $614,000
Application Denied By Financial Institution 190 $37,398,000 $196,000 $624,000 $71,000 $1,481,000
Application Approved But Not Accepted 156 $30,819,000 $197,000 $493,000 $72,000 $651,000
Application Withdrawn By Applicant 113 $21,821,000 $193,000 $517,000 $73,000 $335,000
File Closed For Incompleteness 39 $8,622,000 $221,000 $426,000 $75,000 $420,000
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 51 $9,425,000 $184,000 $510,000 $51,000 $175,000
Unverifiable Information 18 $3,219,000 $178,000 $410,000 $70,000 $137,000
Debt-To-Income Ratio 17 $3,869,000 $227,000 $624,000 $51,000 $235,000
Other 14 $2,811,000 $200,000 $385,000 $59,000 $143,000
Collateral 12 $1,669,000 $139,000 $335,000 $50,000 $124,000
Insufficient Cash (Downpayment, Closing Cost) 3 $397,000 $132,000 $164,000 $41,000 $57,000
Employment History 2 $328,000 $164,000 $257,000 $8,000 $16,000
Credit Application Incomplete 1 $210,000 $210,000 $210,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into 360 Mortgage Group, LLC's 2013 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess 360 Mortgage Group, LLC's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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