Community Mortgage Funding, LLC Mortgage Lending & HMDA Data, 2013

In 2013, Community Mortgage Funding, LLC of Pomona, CA reported 1,198 mortgage applications totaling $285.0 million, down 31% from 2012. The average application was for $237,904, and applicants reported an average income of $104,258. 42% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (460), Riverside-San Bernardino-Ontario, CA (287) and Santa Ana-Anaheim-Irvine, CA (71) (applications in parentheses).

Mortgage Company & Address Community Mortgage Funding, LLC
3201 West Temple Ave, Suite 120
Pomona, CA 91768
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,198
Total Mortgage Loan Application Amount $285,009,000
Average Mortgage Loan Application Amount $237,904
Highest Mortgage Loan Application Amount $1,040,000
Average Applicant Income $104,258
Highest Applicant Income $1,055,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Mortgage Funding, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Community Mortgage Funding, LLC in 2013

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 978 $232,777,000 $238,000 $1,040,000 $103,000 $1,055,000
Home Purchase 211 $50,466,000 $239,000 $965,000 $111,000 $482,000
Home Improvement 9 $1,766,000 $196,000 $417,000 $83,000 $145,000

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 485 $116,669,000 $240,000 $965,000 $111,000 $522,000
Hispanic 348 $75,179,000 $216,000 $730,000 $89,000 $647,000
Not Provided 215 $55,224,000 $256,000 $900,000 $111,000 $1,055,000
Asian 75 $21,868,000 $291,000 $1,040,000 $122,000 $365,000
Black or African American 66 $14,220,000 $215,000 $560,000 $95,000 $207,000
Native Hawaiian or Other Pacific Islander 5 $1,245,000 $249,000 $454,000 $133,000 $271,000
American Indian or Alaskan Native 4 $604,000 $151,000 $168,000 $92,000 $110,000
Not applicable 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) 1,123 $266,656,000 $237,000 $1,040,000 $106,000 $1,055,000
FHA-insured (Federal Housing Administration) 75 $18,353,000 $244,000 $730,000 $87,000 $200,000
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 506 $116,175,000 $229,000 $1,040,000 $113,000 $647,000
Application Denied By Financial Institution 280 $67,757,000 $241,000 $910,000 $86,000 $286,000
Application Withdrawn By Applicant 164 $39,958,000 $243,000 $786,000 $112,000 $353,000
File Closed For Incompleteness 114 $28,267,000 $247,000 $900,000 $109,000 $1,055,000
Application Approved But Not Accepted 68 $16,487,000 $242,000 $560,000 $104,000 $437,000
Loan Purchased By The Institution 66 $16,365,000 $247,000 $543,000 $95,000 $276,000
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
Debt-To-Income Ratio 96 $25,938,000 $270,000 $658,000 $67,000 $244,000
Collateral 58 $13,232,000 $228,000 $640,000 $107,000 $286,000
Other 55 $14,231,000 $258,000 $910,000 $98,000 $283,000
Credit History 55 $10,577,000 $192,000 $625,000 $84,000 $204,000
Insufficient Cash (Downpayment, Closing Cost) 7 $2,234,000 $319,000 $612,000 $83,000 $164,000
Employment History 4 $649,000 $162,000 $328,000 $82,000 $204,000
Unverifiable Information 3 $358,000 $119,000 $213,000 $75,000 $105,000
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 Community Mortgage Funding, LLC's 2013 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 Community Mortgage Funding, 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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