First Direct Lending LLC Mortgage Lending & HMDA Data, 2017
In 2017, First Direct Lending LLC of Irvine, CA reported 11,613 mortgage applications totaling $2.4 billion. The average application was for $204,143, and applicants reported an average income of $68,150. 40% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (588), Riverside-San Bernardino-Ontario, CA (550) and Los Angeles-Long Beach-Glendale, CA (440) (applications in parentheses).
| Mortgage Company & Address | First Direct Lending LLC 15261 Laguna Canyon Road, Suite 200 Irvine, CA 92618 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2015 |
| Total Number of Mortgage Applications | 11,613 |
| Total Mortgage Loan Application Amount | $2,370,722,000 |
| Average Mortgage Loan Application Amount | $204,143 |
| Highest Mortgage Loan Application Amount | $1,612,000 |
| Average Applicant Income | $68,150 |
| Highest Applicant Income | $1,120,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Direct Lending LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 First Direct Lending LLC in 2017
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 | 11,563 | $2,356,804,000 | $203,000 | $1,612,000 | $68,000 | $1,120,000 |
| Home Purchase | 49 | $13,725,000 | $280,000 | $628,000 | $103,000 | $268,000 |
| Home Improvement | 1 | $193,000 | $193,000 | $193,000 | $104,000 | $104,000 |
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 | 7,049 | $1,407,735,000 | $199,000 | $1,612,000 | $69,000 | $447,000 |
| Hispanic | 1,455 | $314,130,000 | $215,000 | $1,331,000 | $66,000 | $268,000 |
| Not Provided | 1,439 | $297,810,000 | $206,000 | $647,000 | $70,000 | $1,120,000 |
| Black or African American | 1,165 | $224,310,000 | $192,000 | $674,000 | $66,000 | $639,000 |
| Asian | 339 | $88,821,000 | $262,000 | $627,000 | $81,000 | $415,000 |
| American Indian or Alaskan Native | 93 | $19,327,000 | $207,000 | $457,000 | $69,000 | $187,000 |
| Native Hawaiian or Other Pacific Islander | 73 | $18,589,000 | $254,000 | $636,000 | $75,000 | $184,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 7,088 | $1,400,825,000 | $197,000 | $1,159,000 | $66,000 | $392,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,897 | $839,005,000 | $215,000 | $1,612,000 | $73,000 | $1,120,000 |
| VA-guaranteed (Veterans Administration) | 628 | $130,892,000 | $208,000 | $606,000 | $66,000 | $208,000 |
| 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 | 4,615 | $973,188,000 | $210,000 | $647,000 | $72,000 | $437,000 |
| Application Denied By Financial Institution | 4,290 | $835,002,000 | $194,000 | $1,612,000 | $64,000 | $639,000 |
| Application Withdrawn By Applicant | 2,695 | $559,288,000 | $207,000 | $1,159,000 | $70,000 | $1,120,000 |
| Application Approved But Not Accepted | 13 | $3,244,000 | $249,000 | $528,000 | $75,000 | $162,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 First Direct Lending LLC's 2017 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 First Direct Lending 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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