Cornerstone First Mortgage, LLC Mortgage Lending & HMDA Data, 2017
In 2017, Cornerstone First Mortgage, LLC of San Diego, CA reported 1,338 mortgage applications totaling $552.1 million. The average application was for $412,636, and applicants reported an average income of $137,080. 67% of its applications resulted in an originated loan and 2% were denied. Its largest markets were San Diego-Carlsbad, CA (664), Riverside-San Bernardino-Ontario, CA (77) and Appleton, WI (57) (applications in parentheses).
| Mortgage Company & Address | Cornerstone First Mortgage, LLC 2655 Camino Del Rio N #450 San Diego, CA 92108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2017 2015 |
| Total Number of Mortgage Applications | 1,338 |
| Total Mortgage Loan Application Amount | $552,108,000 |
| Average Mortgage Loan Application Amount | $412,636 |
| Highest Mortgage Loan Application Amount | $2,200,000 |
| Average Applicant Income | $137,080 |
| Highest Applicant Income | $1,500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cornerstone First Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Cornerstone First Mortgage, 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 899 | $369,351,000 | $410,000 | $2,200,000 | $134,000 | $1,500,000 |
| Refinancing | 229 | $99,512,000 | $434,000 | $2,200,000 | $152,000 | $1,482,000 |
| Home Improvement | 210 | $83,245,000 | $396,000 | $1,582,000 | $134,000 | $569,000 |
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 | 639 | $269,787,000 | $422,000 | $1,676,000 | $143,000 | $1,500,000 |
| Not Provided | 388 | $160,172,000 | $412,000 | $2,200,000 | $141,000 | $886,000 |
| Hispanic | 161 | $61,492,000 | $381,000 | $935,000 | $112,000 | $703,000 |
| Asian | 88 | $36,953,000 | $419,000 | $1,082,000 | $139,000 | $359,000 |
| Black or African American | 37 | $12,665,000 | $342,000 | $612,000 | $105,000 | $339,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $7,364,000 | $460,000 | $1,010,000 | $113,000 | $161,000 |
| American Indian or Alaskan Native | 7 | $2,129,000 | $304,000 | $516,000 | $106,000 | $236,000 |
| Not applicable | 2 | $1,546,000 | $773,000 | $1,158,000 | $290,000 | $337,000 |
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) | 946 | $398,162,000 | $420,000 | $2,200,000 | $153,000 | $1,500,000 |
| VA-guaranteed (Veterans Administration) | 203 | $92,566,000 | $455,000 | $1,595,000 | $107,000 | $295,000 |
| FHA-insured (Federal Housing Administration) | 186 | $60,841,000 | $327,000 | $657,000 | $92,000 | $540,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $539,000 | $179,000 | $230,000 | $46,000 | $82,000 |
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 | 892 | $365,436,000 | $409,000 | $2,200,000 | $136,000 | $1,482,000 |
| Application Withdrawn By Applicant | 374 | $160,988,000 | $430,000 | $1,916,000 | $145,000 | $1,500,000 |
| Application Approved But Not Accepted | 36 | $14,119,000 | $392,000 | $978,000 | $131,000 | $300,000 |
| Application Denied By Financial Institution | 32 | $10,221,000 | $319,000 | $656,000 | $97,000 | $227,000 |
| File Closed For Incompleteness | 4 | $1,344,000 | $336,000 | $756,000 | $114,000 | $174,000 |
| 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 |
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 | 4 | $1,082,000 | $270,000 | $387,000 | $90,000 | $198,000 |
| Credit History | 3 | $755,000 | $251,000 | $282,000 | $93,000 | $120,000 |
| Unverifiable Information | 2 | $804,000 | $402,000 | $447,000 | $101,000 | $114,000 |
| Other | 1 | $174,000 | $174,000 | $174,000 | $78,000 | $78,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Cornerstone First Mortgage, 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 Cornerstone First 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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