Imortgage Lending Solutions LLC Mortgage Lending & HMDA Data, 2010

In 2010, Imortgage Lending Solutions LLC of Coral Gables, FL reported 250 mortgage applications totaling $41.8 million. The average application was for $167,060, and applicants reported an average income of $63,612. 40% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (175), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (51) and West Palm Beach-Boca Raton-Boynton Beach, FL (7) (applications in parentheses).

Mortgage Company & Address Imortgage Lending Solutions LLC
1300 Ponce De Leon Blvd, #103
Coral Gables, FL 33134
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2013  2012  2010  
Total Number of Mortgage Applications 250
Total Mortgage Loan Application Amount $41,765,000
Average Mortgage Loan Application Amount $167,060
Highest Mortgage Loan Application Amount $810,000
Average Applicant Income $63,612
Highest Applicant Income $349,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Imortgage Lending Solutions LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Imortgage Lending Solutions LLC in 2010

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 247 $41,259,000 $167,000 $810,000 $63,000 $349,000
Refinancing 3 $506,000 $168,000 $233,000 $114,000 $164,000
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
Hispanic 181 $30,561,000 $168,000 $810,000 $63,000 $349,000
White 34 $6,001,000 $176,000 $345,000 $82,000 $203,000
Black or African American 29 $4,093,000 $141,000 $286,000 $49,000 $124,000
Asian 3 $648,000 $216,000 $286,000 $69,000 $82,000
Not Provided 2 $341,000 $170,000 $237,000 $54,000 $71,000
Native Hawaiian or Other Pacific Islander 1 $121,000 $121,000 $121,000 $35,000 $35,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 195 $30,952,000 $158,000 $682,000 $58,000 $329,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 49 $9,583,000 $195,000 $810,000 $89,000 $349,000
VA-guaranteed (Veterans Administration) 6 $1,230,000 $205,000 $319,000 $64,000 $124,000
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
Loan Originated 99 $17,610,000 $177,000 $810,000 $71,000 $349,000
Application Withdrawn By Applicant 76 $13,134,000 $172,000 $800,000 $66,000 $341,000
Application Denied By Financial Institution 74 $10,776,000 $145,000 $417,000 $51,000 $162,000
Application Approved But Not Accepted 1 $245,000 $245,000 $245,000 $103,000 $103,000
File Closed For Incompleteness 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
Other 16 $2,106,000 $131,000 $237,000 $41,000 $84,000
Unverifiable Information 11 $1,787,000 $162,000 $306,000 $60,000 $162,000
Credit History 5 $574,000 $114,000 $178,000 $57,000 $90,000
Debt-To-Income Ratio 5 $769,000 $153,000 $235,000 $49,000 $61,000
Employment History 4 $494,000 $123,000 $163,000 $44,000 $52,000
Insufficient Cash (Downpayment, Closing Cost) 2 $304,000 $152,000 $236,000 $48,000 $50,000
Collateral 2 $170,000 $85,000 $91,000 $50,000 $64,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Imortgage Lending Solutions LLC's 2010 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 Imortgage Lending Solutions 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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