360 Mortgage Group, LLC Mortgage Lending & HMDA Data, 2018

In 2018, 360 Mortgage Group, LLC of Austin, TX reported 3,194 mortgage applications totaling $686.4 million, down 65% from 2017. The average application was for $214,912, and applicants reported an average income of $86,344. 31% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (171), Phoenix-Mesa-Scottsdale, AZ (134) and Austin-Round Rock, TX (124) (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 3,194
Total Mortgage Loan Application Amount $686,430,000
Average Mortgage Loan Application Amount $214,912
Highest Mortgage Loan Application Amount $1,225,000
Average Applicant Income $86,344
Highest Applicant Income $577,000

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(HMDA) records 360 Mortgage Group, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018

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 1,303 $304,685,000 $233,000 $1,225,000 $87,000 $356,000
Home Purchase 1,238 $226,670,000 $183,000 $605,000 $89,000 $577,000
Cash-out Refinancing 653 $155,075,000 $237,000 $695,000 $80,000 $389,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Not applicable 1,293 $234,155,000 $181,000 $695,000 $0 $0
White 1,174 $279,880,000 $238,000 $1,095,000 $86,000 $577,000
Black or African American 308 $75,200,000 $244,000 $1,225,000 $82,000 $389,000
Hispanic 223 $49,565,000 $222,000 $565,000 $74,000 $226,000
Not Provided 121 $29,695,000 $245,000 $565,000 $105,000 $460,000
Asian 57 $13,745,000 $241,000 $585,000 $97,000 $430,000
Native Hawaiian or Other Pacific Islander 9 $2,475,000 $275,000 $435,000 $64,000 $72,000
American Indian or Alaskan Native 8 $1,620,000 $202,000 $405,000 $58,000 $85,000

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
VA-guaranteed (Veterans Administration) 1,707 $427,025,000 $250,000 $1,225,000 $80,000 $389,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 873 $154,355,000 $176,000 $675,000 $95,000 $577,000
FHA-insured (Federal Housing Administration) 577 $100,905,000 $174,000 $695,000 $67,000 $195,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 37 $4,145,000 $112,000 $255,000 $80,000 $94,000

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 Purchased By The Institution 1,293 $234,155,000 $181,000 $695,000 $0 $0
Loan Originated 982 $237,140,000 $241,000 $1,095,000 $91,000 $577,000
Application Approved But Not Accepted 614 $145,150,000 $236,000 $665,000 $87,000 $301,000
Application Denied By Financial Institution 233 $51,345,000 $220,000 $1,225,000 $68,000 $389,000
File Closed For Incompleteness 70 $18,090,000 $258,000 $675,000 $77,000 $222,000
Application Withdrawn By Applicant 2 $550,000 $275,000 $355,000 $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
Not applicable 2,961 $635,085,000 $214,000 $1,095,000 $89,000 $577,000
Credit History 124 $25,690,000 $207,000 $615,000 $74,000 $389,000
Debt-To-Income Ratio 65 $15,745,000 $242,000 $565,000 $60,000 $189,000
Other 18 $4,460,000 $247,000 $1,225,000 $82,000 $157,000
Collateral 12 $2,340,000 $195,000 $485,000 $62,000 $89,000
Unverifiable Information 6 $1,120,000 $186,000 $245,000 $43,000 $60,000
Employment History 5 $1,035,000 $207,000 $325,000 $54,000 $85,000
Insufficient Cash (Downpayment, Closing Cost) 3 $955,000 $318,000 $655,000 $80,000 $117,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into 360 Mortgage Group, LLC's 2018 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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