Ditech Financial LLC Mortgage Lending & HMDA Data, 2019
In 2019, Ditech Financial LLC of Fort Washington, PA reported 71,555 mortgage applications totaling $15.2 billion, down 46% from 2018. The average application was for $212,509, and applicants reported an average income of $74,830. 25% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (1,998), Chicago-Naperville, IL (1,926) and Phoenix-Mesa-Scottsdale, AZ (1,836) (applications in parentheses).
| Mortgage Company & Address | Ditech Financial LLC 1100 Virginia Drive, Suite 100 Fort Washington, PA 19034 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 71,555 |
| Total Mortgage Loan Application Amount | $15,206,130,000 |
| Average Mortgage Loan Application Amount | $212,509 |
| Highest Mortgage Loan Application Amount | $37,285,000 |
| Average Applicant Income | $74,830 |
| Highest Applicant Income | $7,248,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ditech Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ditech Financial 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 | 29,479 | $6,143,595,000 | $208,000 | $4,655,000 | $75,000 | $4,600,000 |
| Refinancing | 24,593 | $5,011,880,000 | $203,000 | $37,285,000 | $66,000 | $6,000,000 |
| Home Purchase | 16,697 | $3,889,565,000 | $232,000 | $6,665,000 | $87,000 | $7,248,000 |
| Home Improvement | 485 | $118,745,000 | $244,000 | $1,335,000 | $89,000 | $380,000 |
| Other Purpose | 300 | $42,130,000 | $140,000 | $755,000 | $82,000 | $1,200,000 |
| Not Applicable | 1 | $215,000 | $215,000 | $215,000 | $48,000 | $48,000 |
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 | 30,418 | $5,901,940,000 | $194,000 | $7,005,000 | $72,000 | $6,000,000 |
| Not applicable | 19,799 | $5,011,195,000 | $253,000 | $1,505,000 | $90,000 | $7,248,000 |
| Hispanic | 6,499 | $1,319,285,000 | $202,000 | $6,665,000 | $60,000 | $1,800,000 |
| Black or African American | 6,106 | $1,012,990,000 | $165,000 | $2,135,000 | $56,000 | $1,800,000 |
| Not Provided | 5,914 | $1,283,505,000 | $217,000 | $37,285,000 | $75,000 | $5,000,000 |
| Asian | 1,887 | $481,695,000 | $255,000 | $855,000 | $97,000 | $3,120,000 |
| American Indian or Alaskan Native | 528 | $88,990,000 | $168,000 | $1,125,000 | $57,000 | $1,200,000 |
| Native Hawaiian or Other Pacific Islander | 162 | $41,920,000 | $258,000 | $835,000 | $66,000 | $360,000 |
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) | 37,411 | $7,330,250,000 | $195,000 | $37,285,000 | $86,000 | $7,248,000 |
| FHA-insured (Federal Housing Administration) | 24,038 | $5,076,920,000 | $211,000 | $4,655,000 | $58,000 | $1,884,000 |
| VA-guaranteed (Veterans Administration) | 9,259 | $2,667,355,000 | $288,000 | $1,705,000 | $77,000 | $1,509,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 847 | $131,605,000 | $155,000 | $405,000 | $55,000 | $118,000 |
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 Purchased By The Institution | 19,799 | $5,011,195,000 | $253,000 | $1,505,000 | $90,000 | $7,248,000 |
| Loan Originated | 17,579 | $3,837,375,000 | $218,000 | $1,275,000 | $69,000 | $1,500,000 |
| Application Withdrawn By Applicant | 14,097 | $2,694,850,000 | $191,000 | $37,285,000 | $77,000 | $6,000,000 |
| Application Denied By Financial Institution | 13,317 | $2,443,025,000 | $183,000 | $6,665,000 | $62,000 | $2,900,000 |
| File Closed For Incompleteness | 6,088 | $1,081,140,000 | $177,000 | $2,105,000 | $75,000 | $4,600,000 |
| Application Approved But Not Accepted | 611 | $119,915,000 | $196,000 | $795,000 | $64,000 | $1,008,000 |
| Preapproval Denied by Financial Institution | 64 | $18,630,000 | $291,000 | $745,000 | $83,000 | $218,000 |
| Preapproval Approved but not Accepted | 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 | 58,174 | $12,744,475,000 | $219,000 | $37,285,000 | $78,000 | $7,248,000 |
| Credit History | 3,980 | $681,050,000 | $171,000 | $1,995,000 | $70,000 | $2,900,000 |
| Debt-To-Income Ratio | 3,556 | $700,870,000 | $197,000 | $6,665,000 | $41,000 | $443,000 |
| Other | 3,538 | $604,190,000 | $170,000 | $1,915,000 | $62,000 | $2,151,000 |
| Collateral | 1,689 | $349,545,000 | $206,000 | $2,405,000 | $83,000 | $2,726,000 |
| Unverifiable Information | 274 | $64,110,000 | $233,000 | $755,000 | $76,000 | $396,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 191 | $27,785,000 | $145,000 | $2,135,000 | $48,000 | $220,000 |
| Employment History | 85 | $14,295,000 | $168,000 | $485,000 | $55,000 | $204,000 |
| Credit Application Incomplete | 68 | $19,810,000 | $291,000 | $745,000 | $84,000 | $218,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ditech Financial 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 Ditech Financial 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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