Mount Olympus Mortgage Company Mortgage Lending & HMDA Data, 2013
In 2013, Mount Olympus Mortgage Company of Irvine, CA reported 2,346 mortgage applications totaling $930.3 million, up 43% from 2012. The average application was for $396,567, and applicants reported an average income of $125,843. 20% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (669), Santa Ana-Anaheim-Irvine, CA (238) and San Diego-Carlsbad-San Marcos, CA (197) (applications in parentheses).
| Mortgage Company & Address | Mount Olympus Mortgage Company 2600 Michelson Dr., #250 Irvine, CA 92612 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 2,346 |
| Total Mortgage Loan Application Amount | $930,348,000 |
| Average Mortgage Loan Application Amount | $396,567 |
| Highest Mortgage Loan Application Amount | $3,142,000 |
| Average Applicant Income | $125,843 |
| Highest Applicant Income | $1,920,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mount Olympus Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mount Olympus Mortgage Company in 2013
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 | 2,286 | $900,338,000 | $393,000 | $3,142,000 | $125,000 | $1,920,000 |
| Home Purchase | 60 | $30,010,000 | $500,000 | $1,514,000 | $158,000 | $660,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 1,756 | $693,517,000 | $394,000 | $3,142,000 | $125,000 | $1,920,000 |
| White | 416 | $174,267,000 | $418,000 | $2,380,000 | $132,000 | $900,000 |
| Asian | 90 | $34,172,000 | $379,000 | $1,000,000 | $113,000 | $422,000 |
| Hispanic | 65 | $20,105,000 | $309,000 | $639,000 | $94,000 | $220,000 |
| Black or African American | 15 | $5,896,000 | $393,000 | $977,000 | $123,000 | $321,000 |
| American Indian or Alaskan Native | 3 | $1,898,000 | $632,000 | $905,000 | $700,000 | $1,837,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $493,000 | $493,000 | $493,000 | $86,000 | $86,000 |
| 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) | 2,213 | $873,864,000 | $394,000 | $3,142,000 | $126,000 | $1,920,000 |
| FHA-insured (Federal Housing Administration) | 124 | $53,028,000 | $427,000 | $743,000 | $124,000 | $1,837,000 |
| VA-guaranteed (Veterans Administration) | 9 | $3,456,000 | $384,000 | $475,000 | $88,000 | $165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 1,285 | $485,736,000 | $378,000 | $2,005,000 | $122,000 | $1,920,000 |
| Loan Originated | 477 | $197,628,000 | $414,000 | $2,380,000 | $131,000 | $1,374,000 |
| Application Denied By Financial Institution | 306 | $134,767,000 | $440,000 | $3,142,000 | $121,000 | $1,837,000 |
| Application Approved But Not Accepted | 151 | $55,704,000 | $368,000 | $1,081,000 | $140,000 | $678,000 |
| Application Withdrawn By Applicant | 127 | $56,513,000 | $444,000 | $1,893,000 | $132,000 | $580,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $1,497,000 | $748,000 | $755,000 | $154,000 | $163,000 |
| Credit Application Incomplete | 2 | $880,000 | $440,000 | $610,000 | $116,000 | $182,000 |
| Credit History | 1 | $305,000 | $305,000 | $305,000 | $96,000 | $96,000 |
| Collateral | 1 | $403,000 | $403,000 | $403,000 | $71,000 | $71,000 |
| 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 Mount Olympus Mortgage Company's 2013 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 Mount Olympus Mortgage Company'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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