Liberty Home Equity Solutions, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Liberty Home Equity Solutions, Inc. of Rancho Cordova, CA reported 4,919 mortgage applications totaling $907.3 million, up 232% from 2017. The average application was for $184,447, and applicants reported an average income of $30,770. 40% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (287), Riverside-San Bernardino-Ontario, CA (183) and Denver-Aurora-Lakewood, CO (171) (applications in parentheses).
| Mortgage Company & Address | Liberty Home Equity Solutions, Inc. 10951 White Rock Road, Suite 200 Rancho Cordova, CA 95670 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 4,919 |
| Total Mortgage Loan Application Amount | $907,295,000 |
| Average Mortgage Loan Application Amount | $184,447 |
| Highest Mortgage Loan Application Amount | $505,000 |
| Average Applicant Income | $30,770 |
| Highest Applicant Income | $386,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Liberty Home Equity Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Liberty Home Equity Solutions, Inc. in 2018
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 | 3,743 | $711,025,000 | $189,000 | $505,000 | $31,000 | $386,000 |
| Home Improvement | 648 | $106,120,000 | $163,000 | $495,000 | $26,000 | $164,000 |
| Home Purchase | 528 | $90,150,000 | $170,000 | $445,000 | $35,000 | $196,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 | 2,549 | $450,025,000 | $176,000 | $505,000 | $31,000 | $386,000 |
| Not applicable | 1,421 | $284,455,000 | $200,000 | $505,000 | $0 | $0 |
| Black or African American | 400 | $65,210,000 | $163,000 | $505,000 | $28,000 | $165,000 |
| Hispanic | 310 | $60,350,000 | $194,000 | $455,000 | $27,000 | $142,000 |
| Not Provided | 167 | $32,055,000 | $191,000 | $495,000 | $33,000 | $196,000 |
| Asian | 48 | $11,590,000 | $241,000 | $435,000 | $27,000 | $95,000 |
| American Indian or Alaskan Native | 15 | $2,265,000 | $151,000 | $325,000 | $35,000 | $103,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $240,000 | $120,000 | $155,000 | $58,000 | $58,000 |
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) | 4,919 | $907,295,000 | $184,000 | $505,000 | $30,000 | $386,000 |
| 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 | 1,963 | $372,445,000 | $189,000 | $505,000 | $31,000 | $386,000 |
| Loan Purchased By The Institution | 1,421 | $284,455,000 | $200,000 | $505,000 | $0 | $0 |
| File Closed For Incompleteness | 759 | $114,655,000 | $151,000 | $495,000 | $32,000 | $240,000 |
| Application Denied By Financial Institution | 734 | $127,240,000 | $173,000 | $505,000 | $28,000 | $180,000 |
| Application Approved But Not Accepted | 33 | $7,295,000 | $221,000 | $495,000 | $27,000 | $100,000 |
| Application Withdrawn By Applicant | 9 | $1,205,000 | $133,000 | $345,000 | $42,000 | $102,000 |
| 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 | 4,185 | $780,055,000 | $186,000 | $505,000 | $31,000 | $386,000 |
| Credit Application Incomplete | 576 | $101,400,000 | $176,000 | $505,000 | $28,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 56 | $8,380,000 | $149,000 | $375,000 | $30,000 | $66,000 |
| Collateral | 39 | $6,525,000 | $167,000 | $415,000 | $25,000 | $70,000 |
| Other | 38 | $7,370,000 | $193,000 | $355,000 | $31,000 | $94,000 |
| Debt-To-Income Ratio | 16 | $2,420,000 | $151,000 | $305,000 | $14,000 | $53,000 |
| Credit History | 6 | $620,000 | $103,000 | $215,000 | $23,000 | $35,000 |
| Unverifiable Information | 2 | $420,000 | $210,000 | $295,000 | $15,000 | $18,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Liberty Home Equity Solutions, Inc.'s 2018 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 Liberty Home Equity Solutions, Inc.'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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