Ml Mortgage Corp. Mortgage Lending & HMDA Data, 2023
In 2023, Ml Mortgage Corp. of Rancho Cucamonga, CA reported 727 mortgage applications totaling $289.2 million, down 37% from 2022. The average application was for $397,778, and applicants reported an average income of $133,396. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (226), Las Vegas-Henderson-Paradise, NV (159) and Phoenix-Mesa-Scottsdale, AZ (79) (applications in parentheses).
| Mortgage Company & Address | Ml Mortgage Corp. 8270 Aspen Ave Rancho Cucamonga, CA 91730 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 727 |
| Total Mortgage Loan Application Amount | $289,185,000 |
| Average Mortgage Loan Application Amount | $397,778 |
| Highest Mortgage Loan Application Amount | $3,245,000 |
| Average Applicant Income | $133,396 |
| Highest Applicant Income | $1,865,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ml 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Ml Mortgage Corp. in 2023
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 | 618 | $251,470,000 | $406,000 | $3,245,000 | $128,000 | $620,000 |
| Cash-out Refinancing | 70 | $24,770,000 | $353,000 | $965,000 | $171,000 | $1,865,000 |
| Refinancing | 38 | $12,450,000 | $327,000 | $705,000 | $153,000 | $892,000 |
| Home Improvement | 1 | $495,000 | $495,000 | $495,000 | $91,000 | $91,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 386 | $141,700,000 | $367,000 | $1,085,000 | $113,000 | $892,000 |
| White | 139 | $60,195,000 | $433,000 | $3,245,000 | $170,000 | $1,865,000 |
| Not Provided | 70 | $31,450,000 | $449,000 | $975,000 | $161,000 | $464,000 |
| Asian | 66 | $31,310,000 | $474,000 | $2,065,000 | $168,000 | $786,000 |
| Black or African American | 59 | $22,135,000 | $375,000 | $965,000 | $115,000 | $404,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,575,000 | $315,000 | $645,000 | $105,000 | $162,000 |
| American Indian or Alaskan Native | 2 | $820,000 | $410,000 | $525,000 | $89,000 | $109,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 399 | $154,885,000 | $388,000 | $2,065,000 | $152,000 | $1,865,000 |
| FHA-insured (Federal Housing Administration) | 301 | $120,475,000 | $400,000 | $975,000 | $110,000 | $475,000 |
| VA-guaranteed (Veterans Administration) | 25 | $13,305,000 | $532,000 | $3,245,000 | $128,000 | $620,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $520,000 | $260,000 | $265,000 | $86,000 | $86,000 |
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 | 554 | $225,230,000 | $406,000 | $3,245,000 | $134,000 | $786,000 |
| Application Withdrawn By Applicant | 77 | $28,795,000 | $373,000 | $975,000 | $153,000 | $1,865,000 |
| Application Denied By Financial Institution | 63 | $21,575,000 | $342,000 | $1,065,000 | $102,000 | $291,000 |
| Application Approved But Not Accepted | 33 | $13,585,000 | $411,000 | $805,000 | $143,000 | $892,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 664 | $267,610,000 | $403,000 | $3,245,000 | $137,000 | $1,865,000 |
| Credit Application Incomplete | 28 | $11,290,000 | $403,000 | $1,065,000 | $121,000 | $291,000 |
| Debt-To-Income Ratio | 14 | $3,500,000 | $250,000 | $475,000 | $89,000 | $119,000 |
| Collateral | 8 | $2,550,000 | $318,000 | $755,000 | $94,000 | $152,000 |
| Other | 5 | $1,585,000 | $317,000 | $495,000 | $75,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $945,000 | $315,000 | $485,000 | $61,000 | $106,000 |
| Unverifiable Information | 2 | $510,000 | $255,000 | $285,000 | $70,000 | $85,000 |
| Employment History | 2 | $740,000 | $370,000 | $445,000 | $67,000 | $94,000 |
| Credit History | 1 | $455,000 | $455,000 | $455,000 | $182,000 | $182,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ml Mortgage Corp.'s 2023 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 Ml 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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