Greenbox Loans Mortgage Lending & HMDA Data, 2023

In 2023, Greenbox Loans of Los Angeles, CA reported 2,433 mortgage applications totaling $1.1 billion, down 20% from 2022. The average application was for $464,198, and applicants reported an average income of $362,813. 31% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (206), Houston-The Woodlands-Sugar Land, TX (152) and Riverside-San Bernardino-Ontario, CA (134) (applications in parentheses).

Mortgage Company & Address Greenbox Loans
3250 Wilshire Blvd., Suite 1900
Los Angeles, CA 90010
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 2,433
Total Mortgage Loan Application Amount $1,129,395,000
Average Mortgage Loan Application Amount $464,198
Highest Mortgage Loan Application Amount $4,255,000
Average Applicant Income $362,813
Highest Applicant Income $7,631,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Greenbox Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Greenbox Loans in 2023

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 1,937 $853,045,000 $440,000 $3,855,000 $301,000 $7,631,000
Cash-out Refinancing 376 $214,140,000 $569,000 $4,005,000 $648,000 $6,581,000
Refinancing 120 $62,210,000 $518,000 $4,255,000 $467,000 $5,400,000
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
Hispanic 1,234 $450,790,000 $365,000 $3,905,000 $233,000 $6,622,000
White 524 $310,430,000 $592,000 $4,255,000 $587,000 $7,631,000
Not Provided 414 $227,660,000 $549,000 $4,005,000 $438,000 $4,688,000
Asian 130 $79,910,000 $614,000 $3,575,000 $401,000 $1,800,000
Black or African American 125 $57,935,000 $463,000 $3,255,000 $367,000 $6,581,000
Native Hawaiian or Other Pacific Islander 3 $1,475,000 $491,000 $545,000 $589,000 $884,000
American Indian or Alaskan Native 3 $1,195,000 $398,000 $435,000 $461,000 $461,000
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) 2,433 $1,129,395,000 $464,000 $4,255,000 $351,000 $7,631,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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

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 748 $357,090,000 $477,000 $4,165,000 $441,000 $6,622,000
Application Withdrawn By Applicant 605 $260,735,000 $430,000 $4,255,000 $261,000 $4,800,000
Preapproval Approved but not Accepted 472 $237,980,000 $504,000 $3,855,000 $446,000 $7,631,000
File Closed For Incompleteness 428 $193,900,000 $453,000 $3,905,000 $320,000 $6,581,000
Application Denied By Financial Institution 158 $69,480,000 $439,000 $3,255,000 $177,000 $1,541,000
Application Approved But Not Accepted 22 $10,210,000 $464,000 $1,355,000 $419,000 $1,271,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 2,275 $1,059,915,000 $465,000 $4,255,000 $364,000 $7,631,000
Debt-To-Income Ratio 79 $34,085,000 $431,000 $2,685,000 $110,000 $912,000
Insufficient Cash (Downpayment, Closing Cost) 35 $14,225,000 $406,000 $1,445,000 $233,000 $960,000
Collateral 23 $11,845,000 $515,000 $1,505,000 $282,000 $1,233,000
Unverifiable Information 10 $3,170,000 $317,000 $545,000 $282,000 $768,000
Credit History 5 $1,435,000 $287,000 $425,000 $537,000 $1,541,000
Credit Application Incomplete 3 $3,885,000 $1,295,000 $3,255,000 $175,000 $180,000
Employment History 3 $835,000 $278,000 $365,000 $74,000 $115,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Greenbox Loans's 2023 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 Greenbox Loans'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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