Lendsure Mortgage Corp. Mortgage Lending & HMDA Data, 2018

In 2018, Lendsure Mortgage Corp. of San Diego, CA reported 1,193 mortgage applications totaling $576.4 million, up 102% from 2017. The average application was for $483,122, and applicants reported an average income of $207,797. 60% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (139), Houston-The Woodlands-Sugar Land, TX (83) and San Diego-Carlsbad, CA (81) (applications in parentheses).

Mortgage Company & Address Lendsure Mortgage Corp.
16959 Bernardo Center Dr, #102
San Diego, CA 92128
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 1,193
Total Mortgage Loan Application Amount $576,365,000
Average Mortgage Loan Application Amount $483,122
Highest Mortgage Loan Application Amount $2,995,000
Average Applicant Income $207,797
Highest Applicant Income $2,770,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lendsure Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lendsure Mortgage Corp. 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
Home Purchase 638 $302,580,000 $474,000 $2,995,000 $219,000 $2,624,000
Cash-out Refinancing 459 $223,995,000 $488,000 $2,305,000 $191,000 $2,770,000
Refinancing 95 $49,505,000 $521,000 $2,255,000 $215,000 $1,100,000
Other Purpose 1 $285,000 $285,000 $285,000 $86,000 $86,000
Home Improvement 0 $0 $0 $0 $0 $0
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 586 $313,370,000 $534,000 $2,405,000 $228,000 $2,398,000
Hispanic 206 $75,870,000 $368,000 $2,305,000 $176,000 $1,513,000
Asian 197 $91,835,000 $466,000 $2,995,000 $189,000 $2,289,000
Not Provided 130 $68,400,000 $526,000 $1,635,000 $232,000 $2,770,000
Black or African American 71 $25,995,000 $366,000 $1,345,000 $143,000 $450,000
Native Hawaiian or Other Pacific Islander 3 $895,000 $298,000 $555,000 $112,000 $168,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 1,192 $575,670,000 $482,000 $2,995,000 $208,000 $2,770,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $695,000 $695,000 $695,000 $83,000 $83,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0
FHA-insured (Federal Housing 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 718 $346,230,000 $482,000 $2,995,000 $212,000 $2,770,000
Application Denied By Financial Institution 222 $109,620,000 $493,000 $2,395,000 $198,000 $2,624,000
Application Approved But Not Accepted 193 $94,535,000 $489,000 $2,255,000 $206,000 $2,398,000
Application Withdrawn By Applicant 58 $24,750,000 $426,000 $1,485,000 $203,000 $1,800,000
File Closed For Incompleteness 2 $1,230,000 $615,000 $1,025,000 $161,000 $247,000
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 971 $466,745,000 $480,000 $2,995,000 $210,000 $2,770,000
Credit Application Incomplete 108 $60,760,000 $562,000 $2,395,000 $218,000 $1,221,000
Collateral 28 $9,960,000 $355,000 $1,875,000 $170,000 $829,000
Other 26 $10,030,000 $385,000 $1,025,000 $277,000 $2,624,000
Credit History 22 $9,930,000 $451,000 $1,605,000 $172,000 $905,000
Debt-To-Income Ratio 22 $11,440,000 $520,000 $1,225,000 $103,000 $346,000
Insufficient Cash (Downpayment, Closing Cost) 9 $4,695,000 $521,000 $1,915,000 $185,000 $600,000
Unverifiable Information 5 $2,315,000 $463,000 $765,000 $132,000 $222,000
Employment History 2 $490,000 $245,000 $295,000 $92,000 $112,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lendsure Mortgage Corp.'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 Lendsure Mortgage Corp.'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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