Cherrywood Commercial Lending, LLC Mortgage Lending & HMDA Data, 2017
In 2017, Cherrywood Commercial Lending, LLC of Diamond Bar, CA reported 166 mortgage applications totaling $131.5 million, up 91% from 2016. The average application was for $792,445, and applicants reported an average income of $19,367. 58% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (38), New York-Jersey City-White Plains, NY-NJ (25) and Nassau County-Suffolk County, NY (21) (applications in parentheses).
| Mortgage Company & Address | Cherrywood Commercial Lending, LLC 20955 Pathfinder Road #205 Diamond Bar, CA 91765 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 |
| Total Number of Mortgage Applications | 166 |
| Total Mortgage Loan Application Amount | $131,546,000 |
| Average Mortgage Loan Application Amount | $792,445 |
| Highest Mortgage Loan Application Amount | $4,450,000 |
| Average Applicant Income | $19,367 |
| Highest Applicant Income | $181,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cherrywood Commercial Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 38 | $ 72,021,000 | $ 1,895,289 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 25 | $ 13,068,000 | $ 522,720 | $ 52,600 |
| Nassau County-Suffolk County, NY | 21 | $ 5,485,000 | $ 261,190 | $ 47,000 |
| Chicago-Naperville-Arlington Heights, IL | 5 | $ 903,000 | $ 180,600 | $ 10,000 |
| Cambridge-Newton-Framingham, MA | 4 | $ 1,332,000 | $ 333,000 | $ 43,000 |
| Detroit-Dearborn-Livonia, MI | 4 | $ 1,355,000 | $ 338,750 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 713,000 | $ 237,666 | $ 5,000 |
| Pittsburgh, PA | 3 | $ 415,000 | $ 138,333 | $ 24,000 |
| St. Louis, MO-IL | 3 | $ 674,000 | $ 224,666 | $ 17,000 |
| Birmingham-Hoover, AL | 2 | $ 452,000 | $ 226,000 | $ 0 |
| Boston, MA | 2 | $ 595,000 | $ 297,500 | $ 47,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 553,000 | $ 276,500 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 425,000 | $ 212,500 | $ 45,000 |
| Cleveland-Elyria, OH | 2 | $ 675,000 | $ 337,500 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 1,500,000 | $ 750,000 | $ 0 |
| Kansas City, MO-KS | 2 | $ 438,000 | $ 219,000 | $ 0 |
| New Haven-Milford, CT | 2 | $ 624,000 | $ 312,000 | $ 0 |
| Newark, NJ-PA | 2 | $ 318,000 | $ 159,000 | $ 32,000 |
| Norwich-New London, CT | 2 | $ 566,000 | $ 283,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,290,000 | $ 645,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 502,000 | $ 251,000 | $ 0 |
| Santa Maria-Santa Barbara, CA | 2 | $ 7,000,000 | $ 3,500,000 | $ 0 |
| Vineland-Bridgeton, NJ | 2 | $ 214,000 | $ 107,000 | $ 25,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 638,000 | $ 638,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 294,000 | $ 294,000 | $ 0 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 130,000 | $ 130,000 | $ 25,000 |
| Canton-Massillon, OH | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Cincinnati, OH-KY-IN | 1 | $ 349,000 | $ 349,000 | $ 0 |
| Columbus, OH | 1 | $ 486,000 | $ 486,000 | $ 0 |
| El Paso, TX | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Flint, MI | 1 | $ 4,450,000 | $ 4,450,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Jacksonville, FL | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 280,000 | $ 280,000 | $ 36,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 1,550,000 | $ 1,550,000 | $ 0 |
| Lubbock, TX | 1 | $ 90,000 | $ 90,000 | $ 20,000 |
| Memphis, TN-MS-AR | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 620,000 | $ 620,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 245,000 | $ 245,000 | $ 40,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 1,700,000 | $ 1,700,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 900,000 | $ 900,000 | $ 0 |
| Reno, NV | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Rochester, NY | 1 | $ 103,000 | $ 103,000 | $ 20,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 165,000 | $ 165,000 | $ 21,000 |
| San Angelo, TX | 1 | $ 510,000 | $ 510,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 75,000 | $ 75,000 | $ 14,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 210,000 | $ 210,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 225,000 | $ 225,000 | $ 36,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 158,000 | $ 158,000 | $ 23,000 |
| Worcester, MA-CT | 1 | $ 275,000 | $ 275,000 | $ 46,000 |
| York-Hanover, PA | 1 | $ 417,000 | $ 417,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cherrywood Commercial Lending, LLC in 2017
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 | 131 | $118,597,000 | $905,000 | $4,450,000 | $20,000 | $181,000 |
| Home Purchase | 35 | $12,949,000 | $369,000 | $1,550,000 | $17,000 | $87,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 120 | $115,911,000 | $965,000 | $4,450,000 | $16,000 | $181,000 |
| Not Provided | 46 | $15,635,000 | $339,000 | $1,550,000 | $28,000 | $123,000 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 166 | $131,546,000 | $792,000 | $4,450,000 | $20,000 | $181,000 |
| 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 | 97 | $97,884,000 | $1,009,000 | $4,450,000 | $10,000 | $80,000 |
| Application Withdrawn By Applicant | 45 | $20,512,000 | $455,000 | $2,400,000 | $36,000 | $181,000 |
| Application Denied By Financial Institution | 24 | $13,150,000 | $547,000 | $3,500,000 | $26,000 | $119,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 Application Incomplete | 24 | $13,150,000 | $547,000 | $3,500,000 | $26,000 | $119,000 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cherrywood Commercial Lending, LLC's 2017 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 Cherrywood Commercial Lending, 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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