Hightechlending, Inc Mortgage Lending & HMDA Data, 2018

In 2018, Hightechlending, Inc of Irvine, CA reported 3,616 mortgage applications totaling $1.1 billion, up 2% from 2017. The average application was for $310,813, and applicants reported an average income of $70,445. 47% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (476), San Diego-Carlsbad, CA (236) and Riverside-San Bernardino-Ontario, CA (231) (applications in parentheses).

Mortgage Company & Address Hightechlending, Inc
2030 Main St 350
Irvine, CA 92614
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 3,616
Total Mortgage Loan Application Amount $1,123,900,000
Average Mortgage Loan Application Amount $310,813
Highest Mortgage Loan Application Amount $2,505,000
Average Applicant Income $70,445
Highest Applicant Income $6,793,000

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Act (HMDA) records Hightechlending, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Hightechlending, Inc in 2018

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
Cash-out Refinancing 2,051 $615,475,000 $300,000 $2,245,000 $65,000 $1,602,000
Home Purchase 719 $267,555,000 $372,000 $2,505,000 $119,000 $6,793,000
Refinancing 716 $203,070,000 $283,000 $1,665,000 $45,000 $576,000
Other Purpose 125 $36,615,000 $292,000 $1,775,000 $28,000 $102,000
Home Improvement 5 $1,185,000 $237,000 $465,000 $27,000 $42,000
Not Applicable 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 2,190 $679,350,000 $310,000 $2,505,000 $70,000 $6,793,000
Hispanic 547 $160,485,000 $293,000 $1,695,000 $71,000 $1,026,000
Not Provided 260 $73,730,000 $283,000 $2,245,000 $54,000 $576,000
Black or African American 258 $66,180,000 $256,000 $675,000 $65,000 $1,602,000
Asian 255 $108,625,000 $425,000 $1,145,000 $94,000 $392,000
Native Hawaiian or Other Pacific Islander 81 $28,515,000 $352,000 $995,000 $95,000 $326,000
American Indian or Alaskan Native 20 $5,190,000 $259,000 $875,000 $51,000 $93,000
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
FHA-insured (Federal Housing Administration) 1,728 $426,440,000 $246,000 $865,000 $42,000 $342,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,185 $479,835,000 $404,000 $2,505,000 $108,000 $6,793,000
VA-guaranteed (Veterans Administration) 703 $217,625,000 $309,000 $1,605,000 $77,000 $384,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 1,682 $552,660,000 $328,000 $2,015,000 $69,000 $1,602,000
Application Withdrawn By Applicant 1,572 $458,870,000 $291,000 $2,505,000 $73,000 $6,793,000
File Closed For Incompleteness 181 $53,625,000 $296,000 $1,235,000 $65,000 $563,000
Application Denied By Financial Institution 163 $52,725,000 $323,000 $865,000 $77,000 $277,000
Application Approved But Not Accepted 18 $6,020,000 $334,000 $555,000 $75,000 $146,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial 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 3,453 $1,071,175,000 $310,000 $2,505,000 $70,000 $6,793,000
Collateral 38 $9,620,000 $253,000 $865,000 $56,000 $240,000
Unverifiable Information 35 $10,305,000 $294,000 $755,000 $93,000 $211,000
Credit History 27 $9,995,000 $370,000 $815,000 $89,000 $277,000
Credit Application Incomplete 17 $7,375,000 $433,000 $765,000 $101,000 $191,000
Insufficient Cash (Downpayment, Closing Cost) 16 $4,020,000 $251,000 $675,000 $41,000 $150,000
Debt-To-Income Ratio 15 $5,465,000 $364,000 $685,000 $80,000 $192,000
Other 14 $5,400,000 $385,000 $675,000 $75,000 $198,000
Employment History 1 $545,000 $545,000 $545,000 $53,000 $53,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Hightechlending, Inc's 2018 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 Hightechlending, 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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