Lpmc, LLC dba Landmark Profess Mortgage Lending & HMDA Data, 2016

In 2016, Lpmc, LLC dba Landmark Profess of Salem, OR reported 1,435 mortgage applications totaling $319.7 million, up 18% from 2015. The average application was for $222,795, and applicants reported an average income of $88,462. 76% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Salem, OR (603), Portland-Vancouver-Hillsboro, OR-WA (245) and Bend-Redmond, OR (208) (applications in parentheses).

Mortgage Company & Address Lpmc, LLC dba Landmark Profess
1255 Lee St Se
Salem, OR 97302
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  
Total Number of Mortgage Applications 1,435
Total Mortgage Loan Application Amount $319,712,000
Average Mortgage Loan Application Amount $222,795
Highest Mortgage Loan Application Amount $656,000
Average Applicant Income $88,462
Highest Applicant Income $5,032,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lpmc, LLC dba Landmark Profess filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lpmc, LLC dba Landmark Profess in 2016

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 929 $205,482,000 $221,000 $656,000 $90,000 $5,032,000
Home Improvement 267 $60,200,000 $225,000 $553,000 $88,000 $535,000
Refinancing 239 $54,030,000 $226,000 $644,000 $83,000 $420,000

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 1,235 $283,013,000 $229,000 $656,000 $91,000 $5,032,000
Hispanic 135 $22,577,000 $167,000 $415,000 $55,000 $190,000
Not Provided 21 $3,005,000 $143,000 $316,000 $63,000 $126,000
Asian 19 $4,435,000 $233,000 $356,000 $92,000 $215,000
Black or African American 15 $4,671,000 $311,000 $417,000 $195,000 $900,000
Native Hawaiin or Other Pacific Islander 5 $1,162,000 $232,000 $319,000 $103,000 $152,000
American Indian or Alaskan Native 3 $494,000 $164,000 $228,000 $73,000 $95,000
Not applicable 2 $355,000 $177,000 $229,000 $53,000 $77,000

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) 872 $196,661,000 $225,000 $656,000 $103,000 $5,032,000
FHA-insured (Federal Housing Administration) 375 $77,841,000 $207,000 $364,000 $65,000 $270,000
VA-guaranteed (Veterans Administration) 143 $36,547,000 $255,000 $553,000 $71,000 $259,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 45 $8,663,000 $192,000 $342,000 $56,000 $85,000

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 1,090 $245,121,000 $224,000 $569,000 $90,000 $5,032,000
Application Withdrawn By Applicant 266 $56,486,000 $212,000 $565,000 $84,000 $342,000
Application Denied By Financial Institution 66 $15,320,000 $232,000 $656,000 $79,000 $420,000
File Closed For Incompleteness 13 $2,785,000 $214,000 $417,000 $100,000 $279,000
Application Approved But Not Accepted 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
Collateral 1 $175,000 $175,000 $175,000 $59,000 $59,000
Other 1 $232,000 $232,000 $232,000 $85,000 $85,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lpmc, LLC dba Landmark Profess's 2016 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 Lpmc, LLC dba Landmark Profess'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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