Cherrywood Mortgage, LLC Mortgage Lending & HMDA Data, 2019
In 2019, Cherrywood Mortgage, LLC of Diamond Bar, CA reported 82 mortgage applications totaling $40.1 million, up 86% from 2018. The average application was for $488,658, and applicants reported an average income of $61,378. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Chicago-Naperville, IL (10), New Orleans-Metairie, LA (7) and Detroit-Dearborn-Livonia, MI (5) (applications in parentheses).
| Mortgage Company & Address | Cherrywood Mortgage, LLC 20955 Pathfinder Rd #370 Diamond Bar, CA 91765 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 |
| Total Number of Mortgage Applications | 82 |
| Total Mortgage Loan Application Amount | $40,070,000 |
| Average Mortgage Loan Application Amount | $488,658 |
| Highest Mortgage Loan Application Amount | $5,005,000 |
| Average Applicant Income | $61,378 |
| Highest Applicant Income | $249,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cherrywood Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chicago-Naperville, IL | 10 | $ 3,350,000 | $ 335,000 | $ 51,000 |
| New Orleans-Metairie, LA | 7 | $ 895,000 | $ 127,857 | $ 28,000 |
| Detroit-Dearborn-Livonia, MI | 5 | $ 2,905,000 | $ 581,000 | $ 89,000 |
| Memphis, TN-MS-AR | 5 | $ 2,115,000 | $ 423,000 | $ 56,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 410,000 | $ 102,500 | $ 0 |
| Outside any metro area | 4 | $ 2,300,000 | $ 575,000 | $ 0 |
| New Haven-Milford, CT | 3 | $ 845,000 | $ 281,666 | $ 53,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 3,135,000 | $ 1,045,000 | $ 0 |
| Boston, MA | 2 | $ 1,200,000 | $ 600,000 | $ 0 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 290,000 | $ 145,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 570,000 | $ 285,000 | $ 53,000 |
| Huntsville, AL | 2 | $ 750,000 | $ 375,000 | $ 0 |
| Nassau County-Suffolk County, NY | 2 | $ 670,000 | $ 335,000 | $ 0 |
| Newark, NJ-PA | 2 | $ 550,000 | $ 275,000 | $ 65,000 |
| Providence-Warwick, RI-MA | 2 | $ 380,000 | $ 190,000 | $ 27,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 245,000 | $ 245,000 | $ 75,000 |
| Albuquerque, NM | 1 | $ 605,000 | $ 605,000 | $ 123,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 715,000 | $ 715,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Columbus, OH | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Gary, IN | 1 | $ 325,000 | $ 325,000 | $ 52,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 2,685,000 | $ 2,685,000 | $ 0 |
| Kansas City, MO-KS | 1 | $ 5,005,000 | $ 5,005,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Merced, CA | 1 | $ 365,000 | $ 365,000 | $ 52,000 |
| New York-Newark, NY | 1 | $ 125,000 | $ 125,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 1,325,000 | $ 1,325,000 | $ 169,000 |
| Tacoma-Lakewood, WA | 1 | $ 115,000 | $ 115,000 | $ 14,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Visalia-Porterville, CA | 1 | $ 1,105,000 | $ 1,105,000 | $ 249,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 355,000 | $ 355,000 | $ 61,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Yuma, AZ | 1 | $ 925,000 | $ 925,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cherrywood Mortgage, 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 | 39 | $14,835,000 | $380,000 | $1,325,000 | $68,000 | $249,000 |
| Refinancing | 23 | $16,625,000 | $722,000 | $5,005,000 | $47,000 | $89,000 |
| Home Purchase | 20 | $8,610,000 | $430,000 | $805,000 | $65,000 | $123,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 57 | $31,475,000 | $552,000 | $5,005,000 | $0 | $0 |
| Not Provided | 25 | $8,595,000 | $343,000 | $1,325,000 | $64,000 | $249,000 |
| 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) | 82 | $40,070,000 | $488,000 | $5,005,000 | $64,000 | $249,000 |
| 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 | 82 | $40,070,000 | $488,000 | $5,005,000 | $64,000 | $249,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 82 | $40,070,000 | $488,000 | $5,005,000 | $64,000 | $249,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cherrywood Mortgage, 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 Cherrywood Mortgage, 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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