Hightechlending, Inc Mortgage Lending & HMDA Data, 2022

In 2022, Hightechlending, Inc of Irvine, CA reported 1,987 mortgage applications totaling $782.4 million, down 48% from 2021. The average application was for $393,746, and applicants reported an average income of $81,052. 70% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (287), Riverside-San Bernardino-Ontario, CA (179) and Las Vegas-Henderson-Paradise, NV (149) (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 1,987
Total Mortgage Loan Application Amount $782,375,000
Average Mortgage Loan Application Amount $393,746
Highest Mortgage Loan Application Amount $3,575,000
Average Applicant Income $81,052
Highest Applicant Income $6,742,000

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Act (HMDA) records Hightechlending, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

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 878 $332,830,000 $379,000 $2,005,000 $57,000 $1,583,000
Home Purchase 513 $256,925,000 $500,000 $3,575,000 $173,000 $6,742,000
Cash-out Refinancing 423 $134,035,000 $316,000 $1,465,000 $40,000 $384,000
Other Purpose 164 $55,590,000 $338,000 $705,000 $31,000 $97,000
Home Improvement 9 $2,995,000 $332,000 $495,000 $28,000 $68,000
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 1,138 $429,750,000 $377,000 $2,465,000 $72,000 $4,750,000
Hispanic 308 $117,960,000 $382,000 $1,765,000 $74,000 $709,000
Asian 195 $107,105,000 $549,000 $3,575,000 $139,000 $1,583,000
Not Provided 161 $60,435,000 $375,000 $1,545,000 $108,000 $6,742,000
Black or African American 136 $49,170,000 $361,000 $975,000 $53,000 $358,000
Native Hawaiian or Other Pacific Islander 40 $14,560,000 $364,000 $745,000 $82,000 $254,000
American Indian or Alaskan Native 3 $1,625,000 $541,000 $735,000 $97,000 $128,000
Not applicable 2 $660,000 $330,000 $425,000 $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
FHA-insured (Federal Housing Administration) 1,342 $457,890,000 $341,000 $765,000 $37,000 $281,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 595 $300,265,000 $504,000 $3,575,000 $178,000 $6,742,000
VA-guaranteed (Veterans Administration) 50 $24,220,000 $484,000 $1,015,000 $101,000 $468,000
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 1,382 $535,360,000 $387,000 $2,465,000 $80,000 $6,742,000
Application Withdrawn By Applicant 282 $123,370,000 $437,000 $1,825,000 $100,000 $1,229,000
Application Approved But Not Accepted 212 $71,090,000 $335,000 $1,375,000 $38,000 $408,000
File Closed For Incompleteness 71 $33,965,000 $478,000 $3,575,000 $106,000 $883,000
Application Denied By Financial Institution 40 $18,590,000 $464,000 $2,005,000 $143,000 $1,583,000
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 1,947 $763,785,000 $392,000 $3,575,000 $79,000 $6,742,000
Collateral 9 $2,865,000 $318,000 $535,000 $54,000 $216,000
Credit Application Incomplete 7 $4,055,000 $579,000 $875,000 $110,000 $228,000
Credit History 7 $4,745,000 $677,000 $2,005,000 $162,000 $361,000
Other 7 $2,335,000 $333,000 $445,000 $103,000 $281,000
Debt-To-Income Ratio 5 $3,235,000 $647,000 $1,395,000 $434,000 $1,583,000
Unverifiable Information 3 $975,000 $325,000 $455,000 $139,000 $167,000
Employment History 2 $380,000 $190,000 $245,000 $20,000 $33,000
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 Hightechlending, Inc's 2022 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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