Lakeview Loan Servicing, LLC Mortgage Lending & HMDA Data, 2020

In 2020, Lakeview Loan Servicing, LLC of Coral Gables, FL reported 213,769 mortgage applications totaling $58.2 billion, up 15% from 2019. The average application was for $272,157, and applicants reported an average income of $103,920. 24% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (12,921), Houston-The Woodlands-Sugar Land, TX (8,513) and Dallas-Plano-Irving, TX (8,193) (applications in parentheses).

Mortgage Company & Address Lakeview Loan Servicing, LLC
4425 Ponce De Leon Blvd.
Coral Gables, FL 33146
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 213,769
Total Mortgage Loan Application Amount $58,178,735,000
Average Mortgage Loan Application Amount $272,157
Highest Mortgage Loan Application Amount $3,065,000
Average Applicant Income $103,920
Highest Applicant Income $8,651,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lakeview Loan Servicing, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lakeview Loan Servicing, LLC in 2020

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 119,775 $36,014,875,000 $300,000 $3,065,000 $123,000 $6,601,000
Home Purchase 86,841 $20,137,045,000 $231,000 $1,155,000 $77,000 $1,806,000
Cash-out Refinancing 6,930 $1,966,850,000 $283,000 $995,000 $112,000 $8,651,000
Other Purpose 204 $54,530,000 $267,000 $735,000 $87,000 $298,000
Home Improvement 19 $5,435,000 $286,000 $505,000 $101,000 $169,000
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 120,920 $33,125,280,000 $273,000 $3,065,000 $98,000 $3,686,000
Hispanic 34,861 $8,468,885,000 $242,000 $975,000 $72,000 $1,132,000
Not Provided 32,245 $9,434,085,000 $292,000 $1,465,000 $98,000 $3,600,000
Black or African American 17,393 $4,454,095,000 $256,000 $1,125,000 $78,000 $1,380,000
Asian 6,722 $2,254,180,000 $335,000 $1,075,000 $130,000 $8,651,000
American Indian or Alaskan Native 816 $212,870,000 $260,000 $1,415,000 $76,000 $304,000
Native Hawaiian or Other Pacific Islander 653 $185,555,000 $284,000 $1,385,000 $77,000 $281,000
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) 95,702 $23,037,500,000 $240,000 $1,155,000 $66,000 $994,000
VA-guaranteed (Veterans Administration) 61,251 $19,567,495,000 $319,000 $3,065,000 $92,000 $868,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 56,040 $15,432,220,000 $275,000 $2,065,000 $114,000 $8,651,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 776 $141,520,000 $182,000 $535,000 $68,000 $166,000

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 Purchased By The Institution 103,048 $25,478,070,000 $247,000 $1,085,000 $86,000 $8,651,000
Loan Originated 51,320 $15,261,070,000 $297,000 $3,065,000 $109,000 $2,585,000
Application Denied By Financial Institution 43,624 $12,940,310,000 $296,000 $2,065,000 $106,000 $3,686,000
Application Approved But Not Accepted 9,030 $2,539,330,000 $281,000 $1,385,000 $106,000 $1,834,000
Application Withdrawn By Applicant 6,731 $1,954,935,000 $290,000 $1,585,000 $111,000 $1,265,000
Preapproval Approved but not Accepted 15 $4,465,000 $297,000 $605,000 $98,000 $197,000
Preapproval Denied by Financial Institution 1 $555,000 $555,000 $555,000 $0 $0
File Closed For Incompleteness 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 170,144 $45,237,870,000 $265,000 $3,065,000 $91,000 $8,651,000
Credit Application Incomplete 39,622 $11,795,410,000 $297,000 $2,065,000 $114,000 $3,686,000
Credit History 1,634 $464,880,000 $284,000 $1,105,000 $93,000 $420,000
Other 1,499 $440,645,000 $293,000 $1,455,000 $107,000 $463,000
Debt-To-Income Ratio 482 $136,430,000 $283,000 $1,015,000 $65,000 $314,000
Unverifiable Information 190 $56,030,000 $294,000 $975,000 $116,000 $653,000
Collateral 131 $31,125,000 $237,000 $905,000 $98,000 $644,000
Employment History 44 $10,000,000 $227,000 $445,000 $59,000 $164,000
Insufficient Cash (Downpayment, Closing Cost) 13 $3,235,000 $248,000 $415,000 $130,000 $174,000
Mortgage Insurance Denied 10 $3,110,000 $311,000 $505,000 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lakeview Loan Servicing, LLC's 2020 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 Lakeview Loan Servicing, LLC'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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