AllMortgageDetail - Mortgage Application Details

Discover Home Loans, Inc
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Discover Home Loans, Inc
173 Technology Drive
Irvine, CA 92618
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  
Total Number of Mortgage Applications 52,780
Total Mortgage Loan Application Amount $11,700,623,000
Average Mortgage Loan Application Amount $170,566
Highest Mortgage Loan Application Amount $4,172,000
Average Applicant Income $93,449
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Discover Home Loans, Inc in 2014

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 45,562 $10,074,732,000 $221,000 $4,172,000 $104,000 $9,999,000
Home Purchase 6,427 $1,463,230,000 $227,000 $1,500,000 $106,000 $5,079,000
Home Improvement 792 $162,853,000 $205,000 $835,000 $94,000 $1,224,000

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 32,797 $7,049,671,000 $214,000 $3,000,000 $106,000 $9,999,000
Not Provided 5,949 $1,375,887,000 $231,000 $2,000,000 $108,000 $9,600,000
Asian 4,939 $1,328,911,000 $269,000 $1,557,000 $118,000 $9,999,000
Hispanic 4,676 $1,026,270,000 $219,000 $850,000 $91,000 $4,000,000
Black or African American 3,683 $751,225,000 $203,000 $4,172,000 $88,000 $2,811,000
American Indian or Alaskan Native 480 $98,339,000 $204,000 $895,000 $102,000 $2,811,000
Native Hawaiin or Other Pacific Islander 257 $70,512,000 $274,000 $657,000 $94,000 $490,000
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) 45,748 $10,314,223,000 $225,000 $4,172,000 $108,000 $9,999,000
FHA-insured (Federal Housing Administration) 6,801 $1,332,537,000 $195,000 $773,000 $80,000 $2,811,000
VA-guaranteed (Veterans Administration) 232 $54,055,000 $232,000 $650,000 $89,000 $1,140,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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
File Closed For Incompleteness 17,363 $3,812,417,000 $219,000 $2,000,000 $109,000 $9,999,000
Application Withdrawn By Applicant 12,003 $2,632,595,000 $219,000 $1,849,000 $108,000 $9,999,000
Loan Originated 11,843 $2,717,994,000 $229,000 $924,000 $104,000 $2,758,000
Application Denied By Financial Institution 10,674 $2,331,508,000 $218,000 $4,172,000 $94,000 $6,000,000
Application Approved But Not Accepted 898 $206,301,000 $229,000 $1,000,000 $107,000 $1,016,000
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
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0