Loan Network, LLC Mortgage Lending & HMDA Data, 2009

In 2009, Loan Network, LLC of Renton, WA reported 511 mortgage applications totaling $124.4 million. The average application was for $243,381, and applicants reported an average income of $85,690. 79% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (205), Tacoma, WA (57) and Honolulu, HI (30) (applications in parentheses).

Mortgage Company & Address Loan Network, LLC
1600 Lind Ave Se
Renton, WA 98059
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  
Total Number of Mortgage Applications 511
Total Mortgage Loan Application Amount $124,368,000
Average Mortgage Loan Application Amount $243,381
Highest Mortgage Loan Application Amount $687,000
Average Applicant Income $85,690
Highest Applicant Income $433,000

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Act (HMDA) records Loan Network, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Loan Network, LLC by County in 2009

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
King, Washington 155 $ 41,517,000 $ 267,851 $ 96,000
Pierce, Washington 57 $ 13,418,000 $ 235,403 $ 79,000
Snohomish, Washington 50 $ 13,757,000 $ 275,140 $ 99,000
Honolulu, Hawaii 30 $ 9,161,000 $ 305,366 $ 82,000
Clark, Washington 16 $ 2,870,000 $ 179,375 $ 69,000
Thurston, Washington 13 $ 3,467,000 $ 266,692 $ 101,000
Riverside, California 12 $ 2,150,000 $ 179,166 $ 58,000
Los Angeles, California 8 $ 2,935,000 $ 366,875 $ 101,000
Hawaii, Hawaii 8 $ 2,102,000 $ 262,750 $ 58,000
Mohave, Arizona 5 $ 668,000 $ 133,600 $ 115,000
Multnomah, Oregon 5 $ 1,082,000 $ 216,400 $ 70,000
Grant, Washington 5 $ 776,000 $ 155,200 $ 61,000
San Diego, California 4 $ 1,150,000 $ 287,500 $ 98,000
Maui, Hawaii 4 $ 1,258,000 $ 314,500 $ 44,000
Marion, Oregon 4 $ 679,000 $ 169,750 $ 49,000
Whatcom, Washington 4 $ 748,000 $ 187,000 $ 89,000
Yakima, Washington 4 $ 880,000 $ 220,000 $ 66,000
Imperial, California 3 $ 357,000 $ 119,000 $ 60,000
Monterey, California 3 $ 641,000 $ 213,666 $ 55,000
Orange, California 3 $ 1,212,000 $ 404,000 $ 113,000
San Bernardino, California 3 $ 576,000 $ 192,000 $ 72,000
Ada, Idaho 3 $ 729,000 $ 243,000 $ 138,000
Dallas, Texas 3 $ 261,000 $ 87,000 $ 80,000
Kittitas, Washington 3 $ 680,000 $ 226,666 $ 131,000
Lewis, Washington 3 $ 546,000 $ 182,000 $ 65,000
Milwaukee, Wisconsin 3 $ 368,000 $ 122,666 $ 63,000
Sacramento, California 2 $ 706,000 $ 353,000 $ 192,000
Monroe, Florida 2 $ 449,000 $ 224,500 $ 44,000
Ascension, Louisiana 2 $ 526,000 $ 263,000 $ 123,000
Jefferson, Louisiana 2 $ 334,000 $ 167,000 $ 40,000
Lafayette, Louisiana 2 $ 292,000 $ 146,000 $ 82,000
Deschutes, Oregon 2 $ 256,000 $ 128,000 $ 121,000
Shelby, Tennessee 2 $ 303,000 $ 151,500 $ 47,000
Grays Harbor, Washington 2 $ 340,000 $ 170,000 $ 67,000
Kitsap, Washington 2 $ 649,000 $ 324,500 $ 93,000
Pacific, Washington 2 $ 346,000 $ 173,000 $ 64,000
Skagit, Washington 2 $ 535,000 $ 267,500 $ 68,000
Spokane, Washington 2 $ 210,000 $ 105,000 $ 36,000
Marathon, Wisconsin 2 $ 275,000 $ 137,500 $ 66,000
Ozaukee, Wisconsin 2 $ 250,000 $ 125,000 $ 33,000
Coffee, Alabama 1 $ 90,000 $ 90,000 $ 48,000
Maricopa, Arizona 1 $ 150,000 $ 150,000 $ 69,000
Pima, Arizona 1 $ 72,000 $ 72,000 $ 70,000
Alameda, California 1 $ 245,000 $ 245,000 $ 55,000
Placer, California 1 $ 283,000 $ 283,000 $ 67,000
San Joaquin, California 1 $ 151,000 $ 151,000 $ 116,000
Santa Clara, California 1 $ 336,000 $ 336,000 $ 111,000
Solano, California 1 $ 358,000 $ 358,000 $ 102,000
Sonoma, California 1 $ 450,000 $ 450,000 $ 177,000
Tehama, California 1 $ 215,000 $ 215,000 $ 55,000
Adams, Colorado 1 $ 178,000 $ 178,000 $ 64,000
Arapahoe, Colorado 1 $ 136,000 $ 136,000 $ 28,000
Boulder, Colorado 1 $ 257,000 $ 257,000 $ 64,000
Douglas, Colorado 1 $ 196,000 $ 196,000 $ 81,000
Jefferson, Colorado 1 $ 222,000 $ 222,000 $ 141,000
Broward, Florida 1 $ 152,000 $ 152,000 $ 21,000
Citrus, Florida 1 $ 191,000 $ 191,000 $ 94,000
Columbia, Florida 1 $ 100,000 $ 100,000 $ 31,000
Hillsborough, Florida 1 $ 295,000 $ 295,000 $ 142,000
Miami-Dade, Florida 1 $ 79,000 $ 79,000 $ 23,000
Santa Rosa, Florida 1 $ 95,000 $ 95,000 $ 67,000
Canyon, Idaho 1 $ 133,000 $ 133,000 $ 55,000
Will, Illinois 1 $ 204,000 $ 204,000 $ 117,000
Floyd, Indiana 1 $ 115,000 $ 115,000 $ 44,000
LaPorte, Indiana 1 $ 303,000 $ 303,000 $ 123,000
Marion, Indiana 1 $ 174,000 $ 174,000 $ 88,000
East Baton Rouge, Louisiana 1 $ 167,000 $ 167,000 $ 38,000
Livingston, Louisiana 1 $ 156,000 $ 156,000 $ 57,000
Howard, Maryland 1 $ 112,000 $ 112,000 $ 40,000
Hennepin, Minnesota 1 $ 168,000 $ 168,000 $ 65,000
St. Louis, Minnesota 1 $ 145,000 $ 145,000 $ 74,000
Greene, Missouri 1 $ 113,000 $ 113,000 $ 52,000
Bernalillo, New Mexico 1 $ 276,000 $ 276,000 $ 134,000
Santa Fe, New Mexico 1 $ 235,000 $ 235,000 $ 133,000
Valencia, New Mexico 1 $ 121,000 $ 121,000 $ 24,000
Clackamas, Oregon 1 $ 386,000 $ 386,000 $ 213,000
Jefferson, Oregon 1 $ 150,000 $ 150,000 $ 25,000
Lane, Oregon 1 $ 264,000 $ 264,000 $ 48,000
Knox, Tennessee 1 $ 126,000 $ 126,000 $ 35,000
Brazoria, Texas 1 $ 156,000 $ 156,000 $ 70,000
Gregg, Texas 1 $ 109,000 $ 109,000 $ 61,000
Harris, Texas 1 $ 84,000 $ 84,000 $ 52,000
Hidalgo, Texas 1 $ 256,000 $ 256,000 $ 84,000
Kaufman, Texas 1 $ 204,000 $ 204,000 $ 61,000
Tarrant, Texas 1 $ 94,000 $ 94,000 $ 49,000
Benton, Washington 1 $ 90,000 $ 90,000 $ 73,000
Clallam, Washington 1 $ 341,000 $ 341,000 $ 400,000
Douglas, Washington 1 $ 417,000 $ 417,000 $ 106,000
Island, Washington 1 $ 255,000 $ 255,000 $ 72,000
Brown, Wisconsin 1 $ 91,000 $ 91,000 $ 20,000
Dane, Wisconsin 1 $ 170,000 $ 170,000 $ 96,000
Dodge, Wisconsin 1 $ 147,000 $ 147,000 $ 47,000
Kenosha, Wisconsin 1 $ 124,000 $ 124,000 $ 48,000
Waukesha, Wisconsin 1 $ 265,000 $ 265,000 $ 97,000
Campbell, Wyoming 1 $ 87,000 $ 87,000 $ 194,000

Mortgage Loan Application Detail Totals for Loan Network, LLC in 2009

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 318 $80,714,000 $253,000 $625,000 $94,000 $433,000
Home Purchase 193 $43,654,000 $226,000 $687,000 $72,000 $330,000
Home Improvement 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 254 $61,452,000 $241,000 $588,000 $92,000 $433,000
Not Provided 125 $30,418,000 $243,000 $564,000 $81,000 $352,000
Hispanic 58 $13,604,000 $234,000 $687,000 $74,000 $161,000
Asian 41 $11,167,000 $272,000 $625,000 $89,000 $342,000
Black or African American 23 $4,654,000 $202,000 $390,000 $77,000 $143,000
Native Hawaiian or Other Pacific Islander 9 $2,753,000 $305,000 $520,000 $88,000 $156,000
American Indian or Alaskan Native 1 $320,000 $320,000 $320,000 $48,000 $48,000
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) 264 $62,593,000 $237,000 $687,000 $79,000 $400,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 221 $55,873,000 $252,000 $625,000 $95,000 $433,000
VA-guaranteed (Veterans Administration) 21 $4,987,000 $237,000 $418,000 $90,000 $184,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 5 $915,000 $183,000 $230,000 $52,000 $74,000

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 Originated 405 $100,102,000 $247,000 $687,000 $90,000 $433,000
Application Denied By Financial Institution 79 $17,550,000 $222,000 $588,000 $68,000 $319,000
Application Withdrawn By Applicant 18 $5,006,000 $278,000 $625,000 $85,000 $342,000
Application Approved But Not Accepted 9 $1,710,000 $190,000 $355,000 $75,000 $152,000
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
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
Debt-To-Income Ratio 4 $999,000 $249,000 $327,000 $43,000 $54,000
Collateral 1 $117,000 $117,000 $117,000 $39,000 $39,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Loan Network, LLC's 2009 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 Loan Network, 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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