Hcl Finance, Inc
Mortgage Loan Application
Totals and Details
for 2005

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 1,275
Total Mortgage Loan Application Amount $429,211,000
Average Mortgage Loan Application Amount $280,365
Highest Mortgage Loan Application Amount $1,855,000
Average Applicant Income $43,292
Highest Applicant Income $480,000
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Mortgage Loan Application Detail Totals for Hcl Finance, Inc in 2005

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 738 $241,111,000 $312,000 $1,855,000 $61,000 $480,000
Home Improvement 715 $228,999,000 $293,000 $1,500,000 $69,000 $1,068,000
Refinancing 144 $50,030,000 $363,500 $990,000 $55,000 $360,000

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
American Indian or Alaskan Native 747 $264,041,000 $340,000 $1,073,000 $36,500 $432,000
Not Provided 321 $90,943,000 $269,000 $1,300,000 $39,000 $468,000
White 213 $69,450,000 $319,000 $1,500,000 $125,500 $1,068,000
Native Hawaiin or Other Pacific Islander 177 $52,256,000 $288,500 $1,855,000 $73,000 $381,000
Asian 109 $35,992,000 $283,500 $1,000,000 $78,000 $360,000
Black or African American 30 $7,458,000 $293,500 $602,000 $68,500 $189,000
Hispanic 0 $0 $0 $0 $0 $0
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) 1,597 $520,140,000 $309,000 $1,855,000 $62,500 $1,068,000
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 872 $296,514,000 $335,500 $1,430,000 $58,000 $468,000
Application Denied By Financial Institution 317 $101,292,000 $296,500 $1,300,000 $62,000 $1,068,000
Application Withdrawn By Applicant 266 $80,144,000 $290,000 $1,855,000 $74,500 $480,000
Application Approved But Not Accepted 80 $29,991,000 $368,500 $930,000 $68,500 $432,000
Preapproval Denied by Financial Institution 62 $12,199,000 $196,000 $800,000 $28,000 $132,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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