Imortgage Lending Solutions LLC Mortgage Lending & HMDA Data, 2014
In 2014, Imortgage Lending Solutions LLC of Coral Gables, FL reported 582 mortgage applications totaling $107.6 million, down 7% from 2013. The average application was for $184,809, and applicants reported an average income of $67,103. 65% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (388), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (146) and Tampa-St. Petersburg-Clearwater, FL (17) (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 | 582 |
| Total Mortgage Loan Application Amount | $107,559,000 |
| Average Mortgage Loan Application Amount | $184,809 |
| Highest Mortgage Loan Application Amount | $508,000 |
| Average Applicant Income | $67,103 |
| Highest Applicant Income | $512,000 |
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records Imortgage Lending Solutions LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Imortgage Lending Solutions LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 522 | $97,102,000 | $186,000 | $508,000 | $67,000 | $512,000 |
| Refinancing | 60 | $10,457,000 | $174,000 | $485,000 | $68,000 | $324,000 |
| 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 | 503 | $92,959,000 | $184,000 | $508,000 | $65,000 | $444,000 |
| White | 33 | $6,918,000 | $209,000 | $413,000 | $100,000 | $512,000 |
| Black or African American | 31 | $5,617,000 | $181,000 | $414,000 | $69,000 | $369,000 |
| Not Provided | 12 | $1,746,000 | $145,000 | $323,000 | $46,000 | $73,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $229,000 | $114,000 | $128,000 | $35,000 | $36,000 |
| Asian | 1 | $90,000 | $90,000 | $90,000 | $27,000 | $27,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $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) | 356 | $64,631,000 | $181,000 | $424,000 | $57,000 | $309,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 219 | $41,472,000 | $189,000 | $508,000 | $84,000 | $512,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,456,000 | $208,000 | $298,000 | $58,000 | $77,000 |
| 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 | 380 | $70,889,000 | $186,000 | $508,000 | $66,000 | $512,000 |
| Application Withdrawn By Applicant | 131 | $23,955,000 | $182,000 | $424,000 | $69,000 | $444,000 |
| Application Denied By Financial Institution | 59 | $10,525,000 | $178,000 | $485,000 | $65,000 | $324,000 |
| File Closed For Incompleteness | 12 | $2,190,000 | $182,000 | $408,000 | $80,000 | $225,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $2,356,000 | $168,000 | $342,000 | $49,000 | $101,000 |
| Collateral | 12 | $1,857,000 | $154,000 | $370,000 | $56,000 | $233,000 |
| Credit History | 10 | $1,537,000 | $153,000 | $226,000 | $43,000 | $54,000 |
| Employment History | 8 | $1,711,000 | $213,000 | $417,000 | $70,000 | $149,000 |
| Unverifiable Information | 7 | $1,290,000 | $184,000 | $368,000 | $113,000 | $324,000 |
| Other | 5 | $1,091,000 | $218,000 | $371,000 | $89,000 | $243,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $198,000 | $99,000 | $100,000 | $54,000 | $58,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Imortgage Lending Solutions LLC's 2014 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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