Burbank City Mortgage Services, LLC Mortgage Lending & HMDA Data, 2019
In 2019, Burbank City Mortgage Services, LLC of Burbank, CA reported 74 mortgage applications totaling $30.3 million, up 208% from 2018. The average application was for $408,783, and applicants reported an average income of $131,581. 53% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (53), Riverside-San Bernardino-Ontario, CA (5) and Oxnard-Thousand Oaks-Ventura, CA (4) (applications in parentheses).
| Mortgage Company & Address | Burbank City Mortgage Services, LLC 1800 W. Magnolia Blvd Burbank, CA 91506 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 |
| Total Number of Mortgage Applications | 74 |
| Total Mortgage Loan Application Amount | $30,250,000 |
| Average Mortgage Loan Application Amount | $408,783 |
| Highest Mortgage Loan Application Amount | $835,000 |
| Average Applicant Income | $131,581 |
| Highest Applicant Income | $312,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Burbank City Mortgage Services, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 53 | $ 21,275,000 | $ 401,415 | $ 125,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 1,755,000 | $ 351,000 | $ 125,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 1,650,000 | $ 412,500 | $ 140,000 |
| Bakersfield, CA | 2 | $ 240,000 | $ 120,000 | $ 234,000 |
| Fresno, CA | 1 | $ 285,000 | $ 285,000 | $ 114,000 |
| San Diego-Carlsbad, CA | 1 | $ 695,000 | $ 695,000 | $ 186,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 275,000 | $ 275,000 | $ 140,000 |
Mortgage Loan Application Detail Totals for Burbank City Mortgage Services, LLC in 2019
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 30 | $10,780,000 | $359,000 | $615,000 | $140,000 | $312,000 |
| Refinancing | 21 | $8,245,000 | $392,000 | $805,000 | $131,000 | $260,000 |
| Home Purchase | 20 | $10,130,000 | $506,000 | $835,000 | $130,000 | $194,000 |
| Home Improvement | 3 | $1,095,000 | $365,000 | $415,000 | $62,000 | $81,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 38 | $15,970,000 | $420,000 | $835,000 | $133,000 | $312,000 |
| Not Provided | 16 | $6,330,000 | $395,000 | $715,000 | $134,000 | $244,000 |
| Hispanic | 10 | $3,560,000 | $356,000 | $555,000 | $117,000 | $217,000 |
| Asian | 5 | $2,265,000 | $453,000 | $615,000 | $129,000 | $190,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $465,000 | $465,000 | $465,000 | $118,000 | $118,000 |
| American Indian or Alaskan Native | 1 | $455,000 | $455,000 | $455,000 | $190,000 | $190,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 74 | $30,250,000 | $408,000 | $835,000 | $132,000 | $312,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 39 | $14,225,000 | $364,000 | $715,000 | $128,000 | $312,000 |
| Application Approved But Not Accepted | 8 | $3,920,000 | $490,000 | $615,000 | $149,000 | $202,000 |
| Application Denied By Financial Institution | 7 | $3,235,000 | $462,000 | $805,000 | $125,000 | $236,000 |
| Application Withdrawn By Applicant | 7 | $2,195,000 | $313,000 | $465,000 | $129,000 | $244,000 |
| Preapproval Approved but not Accepted | 6 | $3,410,000 | $568,000 | $835,000 | $126,000 | $194,000 |
| Preapproval Denied by Financial Institution | 5 | $2,195,000 | $439,000 | $715,000 | $122,000 | $190,000 |
| File Closed For Incompleteness | 2 | $1,070,000 | $535,000 | $555,000 | $205,000 | $215,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 62 | $24,820,000 | $400,000 | $835,000 | $133,000 | $312,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,495,000 | $498,000 | $715,000 | $121,000 | $154,000 |
| Collateral | 3 | $965,000 | $321,000 | $355,000 | $113,000 | $195,000 |
| Debt-To-Income Ratio | 3 | $1,335,000 | $445,000 | $565,000 | $100,000 | $190,000 |
| Other | 1 | $585,000 | $585,000 | $585,000 | $236,000 | $236,000 |
| Unverifiable Information | 1 | $805,000 | $805,000 | $805,000 | $193,000 | $193,000 |
| Credit History | 1 | $245,000 | $245,000 | $245,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burbank City Mortgage Services, LLC's 2019 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 Burbank City Mortgage Services, 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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