Equipoint Financial Network Mortgage Lending & HMDA Data, 2011
In 2011, Equipoint Financial Network of San Diego, CA reported 285 mortgage applications totaling $43.0 million. The average application was for $150,838, and applicants reported an average income of $0. 59% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (40), Los Angeles-Long Beach-Glendale, CA (12) and Austin-Round Rock-San Marcos, TX (11) (applications in parentheses).
| Mortgage Company & Address | Equipoint Financial Network 3636 Nobel Suite 400 San Diego, CA 92122 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2008 2007 |
| Total Number of Mortgage Applications | 285 |
| Total Mortgage Loan Application Amount | $42,989,000 |
| Average Mortgage Loan Application Amount | $150,838 |
| Highest Mortgage Loan Application Amount | $447,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equipoint Financial Network filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Equipoint Financial Network in 2011
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 | 284 | $42,542,000 | $149,000 | $439,000 | $0 | $0 |
| Home Purchase | 1 | $447,000 | $447,000 | $447,000 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 213 | $33,576,000 | $157,000 | $447,000 | $0 | $0 |
| Black or African American | 30 | $2,846,000 | $94,000 | $391,000 | $0 | $0 |
| Not Provided | 19 | $3,194,000 | $168,000 | $420,000 | $0 | $0 |
| Hispanic | 16 | $1,983,000 | $123,000 | $391,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $639,000 | $213,000 | $385,000 | $0 | $0 |
| Asian | 3 | $534,000 | $178,000 | $241,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $217,000 | $217,000 | $217,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 285 | $42,989,000 | $150,000 | $447,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 169 | $28,715,000 | $169,000 | $447,000 | $0 | $0 |
| Application Withdrawn By Applicant | 68 | $8,790,000 | $129,000 | $398,000 | $0 | $0 |
| Application Denied By Financial Institution | 43 | $4,744,000 | $110,000 | $408,000 | $0 | $0 |
| File Closed For Incompleteness | 5 | $740,000 | $148,000 | $243,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equipoint Financial Network's 2011 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 Equipoint Financial Network'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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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