Advanced Lending, Inc Mortgage Lending & HMDA Data, 2006
In 2006, Advanced Lending, Inc of Portland, OR reported 174 mortgage applications totaling $28.2 million, down 21% from 2005. The average application was for $162,051, and applicants reported an average income of $89,310. 30% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (108), Bend, OR (3) and Seattle-Bellevue-Everett, WA (3) (applications in parentheses).
| Mortgage Company & Address | Advanced Lending, Inc 6400 Sw Canyon Ct Ste 200 Portland, OR 97221 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 174 |
| Total Mortgage Loan Application Amount | $28,197,000 |
| Average Mortgage Loan Application Amount | $162,051 |
| Highest Mortgage Loan Application Amount | $494,000 |
| Average Applicant Income | $89,310 |
| Highest Applicant Income | $480,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Advanced Lending, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Advanced Lending, Inc in 2006
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 | 125 | $19,610,000 | $156,000 | $400,000 | $91,000 | $440,000 |
| Refinancing | 49 | $8,587,000 | $175,000 | $494,000 | $85,000 | $480,000 |
| 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 | 134 | $22,012,000 | $164,000 | $494,000 | $89,000 | $480,000 |
| Not Provided | 17 | $3,065,000 | $180,000 | $400,000 | $77,000 | $210,000 |
| Hispanic | 13 | $1,797,000 | $138,000 | $288,000 | $69,000 | $116,000 |
| Asian | 8 | $1,035,000 | $129,000 | $228,000 | $151,000 | $234,000 |
| Black or African American | 2 | $288,000 | $144,000 | $256,000 | $85,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 174 | $28,197,000 | $162,000 | $494,000 | $89,000 | $480,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 94 | $13,102,000 | $139,000 | $400,000 | $84,000 | $480,000 |
| Loan Originated | 52 | $11,397,000 | $219,000 | $494,000 | $101,000 | $294,000 |
| Application Denied By Financial Institution | 11 | $1,314,000 | $119,000 | $191,000 | $123,000 | $234,000 |
| File Closed For Incompleteness | 9 | $1,422,000 | $158,000 | $241,000 | $67,000 | $115,000 |
| Application Approved But Not Accepted | 7 | $924,000 | $132,000 | $234,000 | $56,000 | $90,000 |
| Preapproval Approved but not Accepted | 1 | $38,000 | $38,000 | $38,000 | $60,000 | $60,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Other | 3 | $375,000 | $125,000 | $170,000 | $173,000 | $234,000 |
| Unverifiable Information | 3 | $389,000 | $129,000 | $191,000 | $204,000 | $234,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $231,000 | $115,000 | $173,000 | $45,000 | $45,000 |
| Credit History | 2 | $129,000 | $64,000 | $112,000 | $36,000 | $47,000 |
| Collateral | 1 | $190,000 | $190,000 | $190,000 | $58,000 | $58,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Advanced Lending, Inc's 2006 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 Advanced Lending, Inc'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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