Guarantee Mortgage Corp Mortgage Lending & HMDA Data, 2014
In 2014, Guarantee Mortgage Corp of Novato, CA reported 241 mortgage applications totaling $106.8 million, down 78% from 2013. The average application was for $443,323, and applicants reported an average income of $179,294. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were San Francisco-Redwood City-South San Francisco, CA (99), Oakland-Hayward-Berkeley, CA (38) and San Jose-Sunnyvale-Santa Clara, CA (11) (applications in parentheses).
| Mortgage Company & Address | Guarantee Mortgage Corp 7250 Redwood Blvd, Suite 109 Novato, CA 94945 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 241 |
| Total Mortgage Loan Application Amount | $106,841,000 |
| Average Mortgage Loan Application Amount | $443,323 |
| Highest Mortgage Loan Application Amount | $1,395,000 |
| Average Applicant Income | $179,294 |
| Highest Applicant Income | $1,392,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guarantee Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Guarantee Mortgage Corp 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 |
|---|---|---|---|---|---|---|
| Refinancing | 129 | $52,729,000 | $408,000 | $800,000 | $170,000 | $1,392,000 |
| Home Purchase | 112 | $54,112,000 | $483,000 | $1,395,000 | $190,000 | $1,028,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 183 | $81,335,000 | $444,000 | $1,100,000 | $183,000 | $1,392,000 |
| Not Provided | 24 | $10,023,000 | $417,000 | $744,000 | $157,000 | $334,000 |
| Hispanic | 14 | $5,503,000 | $393,000 | $798,000 | $177,000 | $287,000 |
| Asian | 13 | $6,702,000 | $515,000 | $1,395,000 | $201,000 | $715,000 |
| Black or African American | 7 | $3,278,000 | $468,000 | $770,000 | $129,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 241 | $106,841,000 | $443,000 | $1,395,000 | $179,000 | $1,392,000 |
| 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 | 154 | $65,158,000 | $423,000 | $800,000 | $190,000 | $1,392,000 |
| Application Approved But Not Accepted | 31 | $15,094,000 | $486,000 | $1,395,000 | $185,000 | $715,000 |
| Application Denied By Financial Institution | 27 | $10,218,000 | $378,000 | $626,000 | $119,000 | $313,000 |
| Preapproval Approved but not Accepted | 24 | $12,732,000 | $530,000 | $960,000 | $179,000 | $351,000 |
| Preapproval Denied by Financial Institution | 4 | $3,107,000 | $776,000 | $1,100,000 | $158,000 | $266,000 |
| Application Withdrawn By Applicant | 1 | $532,000 | $532,000 | $532,000 | $132,000 | $132,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 12 | $5,861,000 | $488,000 | $774,000 | $101,000 | $175,000 |
| Collateral | 7 | $2,206,000 | $315,000 | $534,000 | $157,000 | $267,000 |
| Other | 7 | $2,968,000 | $424,000 | $626,000 | $143,000 | $313,000 |
| Credit History | 5 | $2,290,000 | $458,000 | $1,100,000 | $105,000 | $266,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Guarantee Mortgage Corp'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 Guarantee Mortgage Corp'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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