Lpmc, LLC dba Landmark Profess Mortgage Lending & HMDA Data, 2022

In 2022, Lpmc, LLC dba Landmark Profess of Salem, OR reported 654 mortgage applications totaling $222.7 million, down 66% from 2021. The average application was for $340,474, and applicants reported an average income of $105,284. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Salem, OR (265), Portland-Vancouver-Hillsboro, OR-WA (104) and Bend-Redmond, OR (52) (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 654
Total Mortgage Loan Application Amount $222,670,000
Average Mortgage Loan Application Amount $340,474
Highest Mortgage Loan Application Amount $1,265,000
Average Applicant Income $105,284
Highest Applicant Income $660,000

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records Lpmc, LLC dba Landmark Profess filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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
Home Purchase 492 $178,720,000 $363,000 $1,265,000 $110,000 $623,000
Cash-out Refinancing 132 $36,190,000 $274,000 $565,000 $93,000 $660,000
Refinancing 30 $7,760,000 $258,000 $635,000 $82,000 $230,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 492 $170,430,000 $346,000 $1,265,000 $106,000 $660,000
Hispanic 84 $24,730,000 $294,000 $645,000 $89,000 $231,000
Not Provided 49 $17,535,000 $357,000 $745,000 $108,000 $273,000
Asian 18 $5,630,000 $312,000 $745,000 $144,000 $564,000
Black or African American 6 $2,250,000 $375,000 $455,000 $122,000 $302,000
American Indian or Alaskan Native 5 $2,095,000 $419,000 $645,000 $122,000 $203,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 533 $181,965,000 $341,000 $1,265,000 $111,000 $660,000
FHA-insured (Federal Housing Administration) 89 $28,545,000 $320,000 $605,000 $80,000 $197,000
VA-guaranteed (Veterans Administration) 26 $10,180,000 $391,000 $705,000 $90,000 $206,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $1,980,000 $330,000 $435,000 $82,000 $95,000

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 507 $171,795,000 $338,000 $945,000 $105,000 $623,000
Application Withdrawn By Applicant 130 $45,560,000 $350,000 $1,265,000 $110,000 $660,000
Application Denied By Financial Institution 10 $3,540,000 $354,000 $585,000 $75,000 $119,000
File Closed For Incompleteness 7 $1,775,000 $253,000 $485,000 $100,000 $198,000
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
Not applicable 644 $219,130,000 $340,000 $1,265,000 $106,000 $660,000
Debt-To-Income Ratio 4 $1,300,000 $325,000 $515,000 $56,000 $95,000
Other 2 $890,000 $445,000 $585,000 $113,000 $119,000
Collateral 2 $790,000 $395,000 $485,000 $95,000 $113,000
Employment History 1 $375,000 $375,000 $375,000 $49,000 $49,000
Credit History 1 $185,000 $185,000 $185,000 $64,000 $64,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

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