Filo Mortgage, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Filo Mortgage, LLC of West Conshohocken, PA reported 8,496 mortgage applications totaling $3.0 billion. The average application was for $352,507, and applicants reported an average income of $135,358. 40% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (416), Dallas-Plano-Irving, TX (360) and Houston-The Woodlands-Sugar Land, TX (347) (applications in parentheses).

Mortgage Company & Address Filo Mortgage, LLC
555 E North Ln #6125
West Conshohocken, PA 19428
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  
Total Number of Mortgage Applications 8,496
Total Mortgage Loan Application Amount $2,994,900,000
Average Mortgage Loan Application Amount $352,507
Highest Mortgage Loan Application Amount $1,505,000
Average Applicant Income $135,358
Highest Applicant Income $4,620,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Filo Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Filo Mortgage, LLC in 2022

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 3,798 $1,525,140,000 $401,000 $1,485,000 $151,000 $1,474,000
Cash-out Refinancing 3,112 $979,520,000 $314,000 $1,505,000 $119,000 $4,620,000
Refinancing 1,586 $490,240,000 $309,000 $1,005,000 $130,000 $1,679,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Not Provided 4,999 $1,755,435,000 $351,000 $1,505,000 $137,000 $1,420,000
White 1,949 $649,535,000 $333,000 $1,485,000 $131,000 $4,620,000
Asian 663 $282,695,000 $426,000 $1,435,000 $154,000 $1,474,000
Hispanic 535 $194,755,000 $364,000 $1,435,000 $124,000 $700,000
Black or African American 322 $102,970,000 $319,000 $985,000 $116,000 $455,000
American Indian or Alaskan Native 16 $4,940,000 $308,000 $645,000 $145,000 $578,000
Native Hawaiian or Other Pacific Islander 12 $4,570,000 $380,000 $555,000 $126,000 $180,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 7,752 $2,702,020,000 $348,000 $1,505,000 $137,000 $4,620,000
VA-guaranteed (Veterans Administration) 413 $156,125,000 $378,000 $1,405,000 $115,000 $1,456,000
FHA-insured (Federal Housing Administration) 331 $136,755,000 $413,000 $1,225,000 $118,000 $371,000
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 3,368 $1,144,430,000 $339,000 $1,255,000 $132,000 $1,679,000
File Closed For Incompleteness 3,070 $1,095,000,000 $356,000 $1,505,000 $147,000 $4,620,000
Application Denied By Financial Institution 935 $346,625,000 $370,000 $1,485,000 $108,000 $1,418,000
Application Withdrawn By Applicant 563 $205,335,000 $364,000 $1,305,000 $142,000 $1,420,000
Application Approved But Not Accepted 560 $203,510,000 $363,000 $895,000 $132,000 $812,000
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
Not applicable 7,561 $2,648,275,000 $350,000 $1,505,000 $139,000 $4,620,000
Debt-To-Income Ratio 440 $156,960,000 $356,000 $1,485,000 $74,000 $360,000
Unverifiable Information 273 $105,885,000 $387,000 $835,000 $139,000 $1,418,000
Credit Application Incomplete 82 $38,770,000 $472,000 $935,000 $145,000 $371,000
Collateral 59 $19,215,000 $325,000 $995,000 $135,000 $676,000
Credit History 39 $12,495,000 $320,000 $685,000 $136,000 $558,000
Other 30 $8,810,000 $293,000 $765,000 $117,000 $351,000
Employment History 8 $3,130,000 $391,000 $945,000 $151,000 $584,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,360,000 $340,000 $445,000 $103,000 $118,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Filo Mortgage, LLC's 2022 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 Filo Mortgage, 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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