AllMortgageDetail - Mortgage Application Details

Guild Mortgage Company
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Guild Mortgage Company
5898 Copley Drive
San Diego, CA 92111
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 51,229
Total Mortgage Loan Application Amount $10,225,826,000
Average Mortgage Loan Application Amount $162,906
Highest Mortgage Loan Application Amount $1,800,000
Average Applicant Income $68,011
Highest Applicant Income $1,188,000

Mortgage Loan Application Detail Totals for Guild Mortgage Company 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
Home Purchase 40,039 $7,705,778,000 $192,000 $1,800,000 $71,000 $1,188,000
Refinancing 10,789 $2,439,710,000 $226,000 $1,620,000 $86,000 $1,172,000
Home Improvement 451 $91,374,000 $202,000 $950,000 $80,000 $690,000

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 35,163 $7,063,812,000 $200,000 $1,800,000 $77,000 $1,164,000
Hispanic 7,866 $1,393,097,000 $177,000 $1,271,000 $59,000 $1,188,000
Not Provided 2,802 $637,103,000 $227,000 $1,620,000 $83,000 $1,172,000
Black or African American 2,754 $471,324,000 $171,000 $1,001,000 $53,000 $1,185,000
Asian 1,992 $512,097,000 $257,000 $1,463,000 $89,000 $748,000
Native Hawaiin or Other Pacific Islander 411 $107,373,000 $261,000 $721,000 $79,000 $1,135,000
American Indian or Alaskan Native 290 $51,762,000 $178,000 $674,000 $61,000 $468,000
Not applicable 1 $294,000 $294,000 $294,000 $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) 29,189 $5,953,151,000 $203,000 $1,800,000 $94,000 $1,185,000
FHA-insured (Federal Housing Administration) 14,242 $2,617,434,000 $183,000 $742,000 $63,000 $1,188,000
VA-guaranteed (Veterans Administration) 5,215 $1,218,697,000 $233,000 $1,243,000 $0 $92,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,633 $447,580,000 $169,000 $694,000 $53,000 $1,164,000

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 37,344 $7,409,666,000 $198,000 $1,500,000 $72,000 $1,185,000
Application Withdrawn By Applicant 7,755 $1,630,291,000 $210,000 $1,620,000 $83,000 $1,164,000
Application Denied By Financial Institution 3,339 $615,435,000 $184,000 $1,537,000 $69,000 $1,188,000
Application Approved But Not Accepted 2,000 $410,388,000 $205,000 $1,392,000 $76,000 $846,000
File Closed For Incompleteness 792 $160,254,000 $202,000 $1,800,000 $73,000 $600,000
Preapproval Denied by Financial Institution 49 $10,828,000 $220,000 $595,000 $59,000 $277,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Credit History 1,274 $240,250,000 $188,000 $860,000 $76,000 $1,188,000
Debt-To-Income Ratio 915 $180,727,000 $197,000 $1,240,000 $52,000 $556,000
Collateral 466 $80,242,000 $172,000 $1,537,000 $87,000 $1,140,000
Other 347 $63,839,000 $183,000 $1,350,000 $74,000 $960,000
Insufficient Cash (Downpayment, Closing Cost) 97 $17,513,000 $180,000 $655,000 $62,000 $223,000
Employment History 92 $16,289,000 $177,000 $470,000 $58,000 $438,000
Unverifiable Information 75 $14,680,000 $195,000 $574,000 $66,000 $264,000
Credit Application Incomplete 47 $7,098,000 $151,000 $396,000 $62,000 $217,000
Mortgage Insurance Denied 7 $1,576,000 $225,000 $409,000 $46,000 $134,000