Hcl Finance, Inc Mortgage Lending & HMDA Data, 2003
In 2003, Hcl Finance, Inc of Santa Clara, CA reported 6,046 mortgage applications totaling $1.4 billion. The average application was for $237,140, and applicants reported an average income of $43,784. 54% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach, CA (1,844), San Jose, CA (863) and Orange County, CA (763) (applications in parentheses).
| Mortgage Company & Address | Hcl Finance, Inc 2560 Mission College Boulevard #102 Santa Clara, CA 95054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,046 |
| Total Mortgage Loan Application Amount | $1,433,750,000 |
| Average Mortgage Loan Application Amount | $237,140 |
| Highest Mortgage Loan Application Amount | $26,010,000 |
| Average Applicant Income | $43,784 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hcl Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 1,844 | $ 428,645,000 | $ 232,453 | $ 62,000 |
| Santa Clara, California | 863 | $ 238,143,000 | $ 275,947 | $ 65,000 |
| Orange, California | 763 | $ 188,264,000 | $ 246,741 | $ 61,000 |
| Alameda, California | 406 | $ 106,066,000 | $ 261,246 | $ 19,000 |
| San Bernardino, California | 279 | $ 48,960,000 | $ 175,483 | $ 63,000 |
| Contra Costa, California | 193 | $ 51,474,000 | $ 266,704 | $ 29,000 |
| Ventura, California | 179 | $ 41,999,000 | $ 234,631 | $ 70,000 |
| Riverside, California | 166 | $ 31,692,000 | $ 190,915 | $ 45,000 |
| San Diego, California | 148 | $ 37,828,000 | $ 255,594 | $ 48,000 |
| San Mateo, California | 119 | $ 37,054,000 | $ 311,378 | $ 23,000 |
| Sacramento, California | 113 | $ 20,918,000 | $ 185,115 | $ 27,000 |
| San Francisco, California | 101 | $ 29,847,000 | $ 295,514 | $ 22,000 |
| San Joaquin, California | 61 | $ 12,536,000 | $ 205,508 | $ 19,000 |
| Cook, Illinois | 58 | $ 11,414,000 | $ 196,793 | $ 6,000 |
| Solano, California | 51 | $ 11,924,000 | $ 233,803 | $ 1,000 |
| King, Washington | 44 | $ 8,292,000 | $ 188,454 | $ 8,000 |
| Fresno, California | 39 | $ 6,309,000 | $ 161,769 | $ 28,000 |
| Monterey, California | 38 | $ 8,679,000 | $ 228,394 | $ 10,000 |
| Mono, California | 32 | $ 7,962,000 | $ 248,812 | $ 157,000 |
| Stanislaus, California | 27 | $ 4,417,000 | $ 163,592 | $ 19,000 |
| Milwaukee, Wisconsin | 24 | $ 2,766,000 | $ 115,250 | $ 6,000 |
| Santa Cruz, California | 23 | $ 6,175,000 | $ 268,478 | $ 16,000 |
| Clark, Nevada | 23 | $ 3,612,000 | $ 157,043 | $ 31,000 |
| Santa Barbara, California | 18 | $ 4,952,000 | $ 275,111 | $ 37,000 |
| San Luis Obispo, California | 16 | $ 4,155,000 | $ 259,687 | $ 61,000 |
| Kern, California | 15 | $ 1,901,000 | $ 126,733 | $ 40,000 |
| Shasta, California | 15 | $ 1,880,000 | $ 125,333 | $ 43,000 |
| Merced, California | 14 | $ 2,107,000 | $ 150,500 | $ 27,000 |
| Waukesha, Wisconsin | 14 | $ 2,262,000 | $ 161,571 | $ 1,000 |
| San Benito, California | 13 | $ 3,676,000 | $ 282,769 | $ 17,000 |
| Sonoma, California | 12 | $ 3,055,000 | $ 254,583 | $ 7,000 |
| Maricopa, Arizona | 10 | $ 1,621,000 | $ 162,100 | $ 39,000 |
| El Dorado, California | 10 | $ 1,933,000 | $ 193,300 | $ 60,000 |
| Marin, California | 10 | $ 3,832,000 | $ 383,200 | $ 53,000 |
| Placer, California | 10 | $ 3,746,000 | $ 374,600 | $ 16,000 |
| Cleveland, Oklahoma | 10 | $ 686,000 | $ 68,600 | $ 0 |
| Yolo, California | 9 | $ 1,990,000 | $ 221,111 | $ 16,000 |
| Harris, Texas | 9 | $ 1,576,000 | $ 175,111 | $ 9,000 |
| Pierce, Washington | 9 | $ 1,257,000 | $ 139,666 | $ 0 |
| Dane, Wisconsin | 9 | $ 2,623,000 | $ 291,444 | $ 0 |
| Lake, Illinois | 8 | $ 1,620,000 | $ 202,500 | $ 21,000 |
| Pima, Arizona | 7 | $ 1,263,000 | $ 180,428 | $ 25,000 |
| Calaveras, California | 6 | $ 1,154,000 | $ 192,333 | $ 15,000 |
| Madera, California | 6 | $ 736,000 | $ 122,666 | $ 12,000 |
| Nevada, California | 6 | $ 1,202,000 | $ 200,333 | $ 39,000 |
| Tulare, California | 6 | $ 945,000 | $ 157,500 | $ 60,000 |
| Denver, Colorado | 6 | $ 2,241,000 | $ 373,500 | $ 4,000 |
| Honolulu, Hawaii | 6 | $ 3,163,000 | $ 527,166 | $ 123,000 |
| Humboldt, California | 5 | $ 617,000 | $ 123,400 | $ 58,000 |
| Inyo, California | 5 | $ 872,000 | $ 174,400 | $ 67,000 |
| Arapahoe, Colorado | 5 | $ 1,056,000 | $ 211,200 | $ 54,000 |
| El Paso, Colorado | 5 | $ 974,000 | $ 194,800 | $ 0 |
| Jefferson, Colorado | 5 | $ 744,000 | $ 148,800 | $ 0 |
| DuPage, Illinois | 5 | $ 1,269,000 | $ 253,800 | $ 9,000 |
| Oklahoma, Oklahoma | 5 | $ 607,000 | $ 121,400 | $ 0 |
| Gregg, Texas | 5 | $ 295,000 | $ 59,000 | $ 0 |
| Snohomish, Washington | 5 | $ 1,018,000 | $ 203,600 | $ 21,000 |
| Kenosha, Wisconsin | 5 | $ 789,000 | $ 157,800 | $ 30,000 |
| Racine, Wisconsin | 5 | $ 724,000 | $ 144,800 | $ 4,000 |
| Butte, California | 4 | $ 855,000 | $ 213,750 | $ 0 |
| Kings, California | 4 | $ 624,000 | $ 156,000 | $ 0 |
| Douglas, Colorado | 4 | $ 610,000 | $ 152,500 | $ 0 |
| Shelby, Tennessee | 4 | $ 478,000 | $ 119,500 | $ 0 |
| Clark, Washington | 4 | $ 702,000 | $ 175,500 | $ 4,000 |
| Kitsap, Washington | 4 | $ 428,000 | $ 107,000 | $ 0 |
| Cochise, Arizona | 3 | $ 358,000 | $ 119,333 | $ 40,000 |
| Imperial, California | 3 | $ 390,000 | $ 130,000 | $ 20,000 |
| Will, Illinois | 3 | $ 348,000 | $ 116,000 | $ 0 |
| Jefferson, Kentucky | 3 | $ 218,000 | $ 72,666 | $ 0 |
| St. Louis City, Missouri | 3 | $ 235,000 | $ 78,333 | $ 0 |
| Brazoria, Texas | 3 | $ 435,000 | $ 145,000 | $ 0 |
| Dallas, Texas | 3 | $ 434,000 | $ 144,666 | $ 0 |
| Montgomery, Texas | 3 | $ 326,000 | $ 108,666 | $ 0 |
| Lewis, Washington | 3 | $ 307,000 | $ 102,333 | $ 0 |
| Whatcom, Washington | 3 | $ 245,000 | $ 81,666 | $ 0 |
| Winnebago, Wisconsin | 3 | $ 444,000 | $ 148,000 | $ 12,000 |
| Yavapai, Arizona | 2 | $ 377,000 | $ 188,500 | $ 0 |
| Amador, California | 2 | $ 480,000 | $ 240,000 | $ 72,000 |
| Napa, California | 2 | $ 545,000 | $ 272,500 | $ 0 |
| Tuolumne, California | 2 | $ 284,000 | $ 142,000 | $ 24,000 |
| Boulder, Colorado | 2 | $ 306,000 | $ 153,000 | $ 66,000 |
| Larimer, Colorado | 2 | $ 428,000 | $ 214,000 | $ 0 |
| Weld, Colorado | 2 | $ 459,000 | $ 229,500 | $ 66,000 |
| Kane, Illinois | 2 | $ 237,000 | $ 118,500 | $ 42,000 |
| Clackamas, Oregon | 2 | $ 259,000 | $ 129,500 | $ 0 |
| Linn, Oregon | 2 | $ 272,000 | $ 136,000 | $ 0 |
| Marion, Oregon | 2 | $ 313,000 | $ 156,500 | $ 0 |
| Brazos, Texas | 2 | $ 158,000 | $ 79,000 | $ 0 |
| Fort Bend, Texas | 2 | $ 280,000 | $ 140,000 | $ 36,000 |
| Guadalupe, Texas | 2 | $ 79,000 | $ 39,500 | $ 0 |
| Brown, Wisconsin | 2 | $ 671,000 | $ 335,500 | $ 0 |
| Walworth, Wisconsin | 2 | $ 352,000 | $ 176,000 | $ 0 |
| Mohave, Arizona | 1 | $ 204,000 | $ 204,000 | $ 0 |
| Sebastian, Arkansas | 1 | $ 87,000 | $ 87,000 | $ 0 |
| Lake, California | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Lassen, California | 1 | $ 87,000 | $ 87,000 | $ 120,000 |
| Mariposa, California | 1 | $ 98,000 | $ 98,000 | $ 24,000 |
| Mendocino, California | 1 | $ 155,000 | $ 155,000 | $ 36,000 |
| Siskiyou, California | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Sutter, California | 1 | $ 87,000 | $ 87,000 | $ 36,000 |
| Adams, Colorado | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Kauai, Hawaii | 1 | $ 284,000 | $ 284,000 | $ 72,000 |
| McHenry, Illinois | 1 | $ 156,000 | $ 156,000 | $ 0 |
| Sangamon, Illinois | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Fayette, Kentucky | 1 | $ 1,000,000 | $ 1,000,000 | $ 420,000 |
| Grayson, Kentucky | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Hardin, Kentucky | 1 | $ 94,000 | $ 94,000 | $ 0 |
| Hennepin, Minnesota | 1 | $ 121,000 | $ 121,000 | $ 0 |
| Jackson, Missouri | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Santa Fe, New Mexico | 1 | $ 224,000 | $ 224,000 | $ 0 |
| Canadian, Oklahoma | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Tulsa, Oklahoma | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Columbia, Oregon | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Crook, Oregon | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Jackson, Oregon | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Lane, Oregon | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Washington, Oregon | 1 | $ 136,000 | $ 136,000 | $ 0 |
| Allegheny, Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Aiken, South Carolina | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Greenville, South Carolina | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Richland, South Carolina | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Davidson, Tennessee | 1 | $ 1,810,000 | $ 1,810,000 | $ 0 |
| Collin, Texas | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Ellis, Texas | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Galveston, Texas | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Rockwall, Texas | 1 | $ 427,000 | $ 427,000 | $ 0 |
| Tarrant, Texas | 1 | $ 122,000 | $ 122,000 | $ 60,000 |
| Travis, Texas | 1 | $ 159,000 | $ 159,000 | $ 0 |
| Williamson, Texas | 1 | $ 87,000 | $ 87,000 | $ 84,000 |
| Carbon, Utah | 1 | $ 62,000 | $ 62,000 | $ 204,000 |
| Salt Lake, Utah | 1 | $ 156,000 | $ 156,000 | $ 0 |
| Tooele, Utah | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Utah, Utah | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Benton, Washington | 1 | $ 304,000 | $ 304,000 | $ 0 |
| Clallam, Washington | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Mason, Washington | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Thurston, Washington | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Whitman, Washington | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Chippewa, Wisconsin | 1 | $ 138,000 | $ 138,000 | $ 0 |
| Columbia, Wisconsin | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Dodge, Wisconsin | 1 | $ 263,000 | $ 263,000 | $ 0 |
| Door, Wisconsin | 1 | $ 156,000 | $ 156,000 | $ 0 |
| Jackson, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Monroe, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 0 |
| St. Croix, Wisconsin | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Washington, Wisconsin | 1 | $ 117,000 | $ 117,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hcl Finance, Inc in 2003
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 (home purchase or home improvement, one-to-four family) | 4,931 | $1,153,912,000 | $206,500 | $26,010,000 | $19,666 | $804,000 |
| Home Purchase (one-to-four family) | 1,115 | $279,838,000 | $184,200 | $3,049,000 | $22,600 | $900,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 |
|---|---|---|---|---|---|---|
| Information not provided by applicant in mail or telephone application | 3,896 | $925,203,000 | $210,700 | $3,049,000 | $14,850 | $744,000 |
| White | 969 | $227,341,000 | $170,000 | $1,000,000 | $57,500 | $636,000 |
| Asian or Pacific Islander | 557 | $132,567,000 | $241,600 | $1,102,000 | $53,000 | $900,000 |
| Hispanic | 532 | $128,952,000 | $194,000 | $26,010,000 | $102,500 | $800,000 |
| Black | 61 | $12,323,000 | $184,000 | $528,000 | $62,000 | $204,000 |
| Other | 27 | $6,524,000 | $241,000 | $650,000 | $97,000 | $228,000 |
| American Indian or Alaskan Native | 4 | $840,000 | $210,000 | $303,000 | $57,000 | $96,000 |
| 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) | 5,870 | $1,403,497,000 | $195,900 | $26,010,000 | $20,350 | $900,000 |
| FHA-insured (Federal Housing Administration) | 176 | $30,253,000 | $169,500 | $376,000 | $12,500 | $120,000 |
| 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 |
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 | 3,262 | $730,514,000 | $167,562 | $1,000,000 | $20,812 | $804,000 |
| Application Withdrawn By Applicant | 1,016 | $229,343,000 | $137,454 | $999,000 | $14,272 | $540,000 |
| Application Approved But Not Accepted | 754 | $191,808,000 | $152,928 | $1,000,000 | $14,071 | $744,000 |
| Application Denied By Financial Institution | 727 | $208,425,000 | $237,466 | $26,010,000 | $29,266 | $900,000 |
| File Closed For Incompleteness | 287 | $73,660,000 | $164,100 | $3,049,000 | $4,100 | $804,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 89 | $21,916,000 | $148,800 | $1,102,000 | $14,900 | $900,000 |
| Collateral | 86 | $24,354,000 | $161,833 | $2,400,000 | $12,500 | $492,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 84 | $46,521,000 | $252,600 | $26,010,000 | $27,400 | $516,000 |
| Credit Application Incomplete | 80 | $20,066,000 | $241,888 | $1,500,000 | $51,666 | $360,000 |
| Debt-To-Income Ratio | 80 | $19,801,000 | $268,818 | $1,000,000 | $60,363 | $420,000 |
| Unverifiable Information | 79 | $19,752,000 | $203,545 | $2,210,000 | $9,000 | $800,000 |
| Mortgage Insurance Denied | 78 | $18,381,000 | $134,777 | $850,000 | $5,666 | $312,000 |
| Employment History | 76 | $18,500,000 | $246,500 | $993,000 | $31,500 | $276,000 |
| Other | 75 | $19,134,000 | $228,222 | $847,000 | $3,111 | $180,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hcl Finance, Inc's 2003 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 Hcl Finance, 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.
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