Crosscountry Mortgage, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Crosscountry Mortgage, LLC of Cleveland, OH reported 140,554 mortgage applications totaling $47.5 billion, down 12% from 2022. The average application was for $337,929, and applicants reported an average income of $138,978. 59% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (4,665), New York-Jersey City-White Plains, NY-NJ (3,982) and Cleveland-Elyria, OH (3,931) (applications in parentheses).

Mortgage Company & Address Crosscountry Mortgage, LLC
2160 Superior Avenue
Cleveland, OH 44114
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 140,554
Total Mortgage Loan Application Amount $47,497,300,000
Average Mortgage Loan Application Amount $337,929
Highest Mortgage Loan Application Amount $8,305,000
Average Applicant Income $138,978
Highest Applicant Income $9,927,000

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records Crosscountry Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Crosscountry Mortgage, LLC in 2023

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 103,876 $38,130,500,000 $367,000 $6,755,000 $151,000 $9,776,000
Cash-out Refinancing 22,182 $6,174,210,000 $278,000 $7,005,000 $101,000 $9,927,000
Other Purpose 9,562 $1,545,330,000 $161,000 $8,305,000 $89,000 $8,094,000
Refinancing 4,063 $1,501,675,000 $369,000 $5,105,000 $166,000 $8,820,000
Home Improvement 870 $145,470,000 $167,000 $3,735,000 $95,000 $3,449,000
Not Applicable 1 $115,000 $115,000 $115,000 $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 76,962 $25,912,380,000 $336,000 $8,305,000 $144,000 $9,927,000
Not Provided 23,649 $7,675,305,000 $324,000 $6,755,000 $133,000 $9,776,000
Hispanic 19,720 $6,634,620,000 $336,000 $5,005,000 $122,000 $9,617,000
Black or African American 11,490 $3,388,730,000 $294,000 $3,005,000 $109,000 $5,038,000
Asian 7,168 $3,368,090,000 $469,000 $4,205,000 $191,000 $5,403,000
American Indian or Alaskan Native 740 $237,180,000 $320,000 $2,425,000 $122,000 $1,643,000
Not applicable 500 $149,390,000 $298,000 $1,625,000 $0 $0
Native Hawaiian or Other Pacific Islander 296 $118,080,000 $398,000 $2,685,000 $177,000 $3,244,000

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) 83,611 $31,512,125,000 $376,000 $8,305,000 $171,000 $9,927,000
FHA-insured (Federal Housing Administration) 45,175 $11,662,275,000 $258,000 $2,185,000 $88,000 $8,400,000
VA-guaranteed (Veterans Administration) 10,717 $4,125,215,000 $384,000 $3,405,000 $113,000 $1,931,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,051 $197,685,000 $188,000 $605,000 $71,000 $156,000

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 83,452 $29,591,900,000 $354,000 $5,005,000 $149,000 $9,927,000
Application Withdrawn By Applicant 49,276 $15,116,930,000 $306,000 $8,305,000 $123,000 $9,776,000
Application Denied By Financial Institution 3,058 $944,160,000 $308,000 $2,705,000 $108,000 $5,604,000
Preapproval Approved but not Accepted 1,803 $841,695,000 $466,000 $3,005,000 $154,000 $4,739,000
File Closed For Incompleteness 1,438 $498,670,000 $346,000 $4,155,000 $131,000 $4,867,000
Application Approved But Not Accepted 866 $295,540,000 $341,000 $3,005,000 $143,000 $2,703,000
Loan Purchased By The Institution 500 $149,390,000 $298,000 $1,625,000 $0 $0
Preapproval Denied by Financial Institution 161 $59,015,000 $366,000 $6,755,000 $86,000 $421,000

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 137,335 $46,494,125,000 $338,000 $8,305,000 $139,000 $9,927,000
Debt-To-Income Ratio 1,389 $485,395,000 $349,000 $6,755,000 $83,000 $1,046,000
Collateral 651 $168,575,000 $258,000 $2,705,000 $131,000 $4,164,000
Credit History 548 $142,690,000 $260,000 $2,125,000 $100,000 $812,000
Unverifiable Information 259 $88,465,000 $341,000 $2,005,000 $169,000 $3,092,000
Insufficient Cash (Downpayment, Closing Cost) 216 $76,270,000 $353,000 $2,255,000 $144,000 $5,604,000
Other 83 $20,255,000 $244,000 $1,105,000 $115,000 $971,000
Employment History 73 $21,525,000 $294,000 $2,255,000 $76,000 $363,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Crosscountry Mortgage, LLC's 2023 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 Crosscountry 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.
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