Ditech Financial
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Ditech Financial
3000 Bayport Drive, Suite 880
Tampa, FL 33607
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  
Total Number of Mortgage Applications 166,400
Total Mortgage Loan Application Amount $31,040,923,000
Average Mortgage Loan Application Amount $131,779
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $69,019
Highest Applicant Income $5,450,000
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Mortgage Loan Application Detail Totals for Ditech Financial in 2016

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 119,312 $21,543,954,000 $180,000 $2,000,000 $82,000 $3,000,000
Home Purchase 43,661 $8,862,535,000 $202,000 $1,500,000 $80,000 $5,450,000
Home Improvement 3,454 $641,797,000 $185,000 $1,500,000 $88,000 $850,000

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 68,415 $11,769,495,000 $172,000 $2,000,000 $86,000 $5,450,000
Not applicable 57,548 $12,211,275,000 $212,000 $1,083,000 $79,000 $2,721,000
Hispanic 12,784 $2,201,573,000 $172,000 $1,219,000 $70,000 $963,000
Black or African American 10,758 $1,568,406,000 $145,000 $700,000 $68,000 $1,200,000
Not Provided 9,722 $1,738,390,000 $178,000 $1,990,000 $83,000 $2,306,000
Asian 5,330 $1,237,088,000 $232,000 $1,334,000 $101,000 $2,400,000
American Indian or Alaskan Native 1,238 $191,583,000 $154,000 $640,000 $73,000 $1,964,000
Native Hawaiin or Other Pacific Islander 632 $130,476,000 $206,000 $637,000 $87,000 $650,000

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) 120,946 $21,942,931,000 $181,000 $2,000,000 $88,000 $5,450,000
FHA-insured (Federal Housing Administration) 33,737 $6,495,839,000 $192,000 $947,000 $62,000 $1,239,000
VA-guaranteed (Veterans Administration) 9,647 $2,294,842,000 $237,000 $1,220,000 $75,000 $795,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,097 $314,674,000 $150,000 $571,000 $51,000 $146,000

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 57,548 $12,211,275,000 $212,000 $1,083,000 $79,000 $2,721,000
Loan Originated 46,783 $8,136,701,000 $173,000 $1,203,000 $85,000 $3,000,000
Application Denied By Financial Institution 22,561 $3,975,776,000 $176,000 $2,000,000 $75,000 $5,450,000
Application Withdrawn By Applicant 18,852 $3,359,190,000 $178,000 $1,500,000 $84,000 $1,648,000
File Closed For Incompleteness 15,609 $2,564,356,000 $164,000 $980,000 $85,000 $1,964,000
Application Approved But Not Accepted 5,048 $793,773,000 $157,000 $1,911,000 $79,000 $850,000
Preapproval Denied by Financial Institution 26 $7,215,000 $277,000 $638,000 $84,000 $257,000
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
Other 5,848 $930,079,000 $159,000 $1,220,000 $74,000 $980,000
Credit History 4,843 $786,850,000 $162,000 $1,365,000 $74,000 $780,000
Debt-To-Income Ratio 4,728 $928,375,000 $196,000 $1,990,000 $56,000 $1,286,000
Collateral 3,794 $744,834,000 $196,000 $2,000,000 $97,000 $5,450,000
Unverifiable Information 2,789 $494,950,000 $177,000 $1,334,000 $81,000 $2,306,000
Insufficient Cash (Downpayment, Closing Cost) 369 $63,008,000 $170,000 $626,000 $90,000 $762,000
Employment History 91 $15,667,000 $172,000 $552,000 $68,000 $257,000
Credit Application Incomplete 7 $1,565,000 $223,000 $362,000 $140,000 $420,000
Mortgage Insurance Denied 4 $841,000 $210,000 $317,000 $99,000 $185,000
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