Novelle Financial Services, in Mortgage Lending & HMDA Data, 2007
In 2007, Novelle Financial Services, in of Irvine, CA reported 1,424 mortgage applications totaling $391.3 million. The average application was for $274,794, and applicants reported an average income of $107,146. 19% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (202), Los Angeles-Long Beach-Glendale, CA (174) and Cape Coral-Fort Myers, FL (104) (applications in parentheses).
| Mortgage Company & Address | Novelle Financial Services, in 19500 Jamboree Road, Ste. 102 Irvine, CA 92612 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 1,424 |
| Total Mortgage Loan Application Amount | $391,307,000 |
| Average Mortgage Loan Application Amount | $274,794 |
| Highest Mortgage Loan Application Amount | $1,087,000 |
| Average Applicant Income | $107,146 |
| Highest Applicant Income | $1,548,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Novelle Financial Services, in filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 202 | $ 67,315,000 | $ 333,242 | $ 111,000 |
| Los Angeles-Long Beach-Glendale, CA | 174 | $ 74,245,000 | $ 426,695 | $ 131,000 |
| Cape Coral-Fort Myers, FL | 104 | $ 24,199,000 | $ 232,682 | $ 104,000 |
| Tampa-St. Petersburg-Clearwater, FL | 97 | $ 22,397,000 | $ 230,896 | $ 105,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 96 | $ 26,088,000 | $ 271,750 | $ 130,135 |
| Houston-Sugar Land-Baytown, TX | 58 | $ 10,203,000 | $ 175,913 | $ 94,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 46 | $ 13,336,000 | $ 289,913 | $ 110,000 |
| Santa Ana-Anaheim-Irvine, CA | 41 | $ 18,112,000 | $ 441,756 | $ 147,000 |
| New Orleans-Metairie-Kenner, LA | 29 | $ 4,873,000 | $ 168,034 | $ 76,000 |
| Naples-Marco Island, FL | 17 | $ 6,231,000 | $ 366,529 | $ 103,000 |
| Jackson, MS | 16 | $ 1,282,000 | $ 80,125 | $ 32,000 |
| Miami-Miami Beach-Kendall, FL | 16 | $ 3,820,000 | $ 238,750 | $ 84,000 |
| Orlando-Kissimmee, FL | 15 | $ 3,567,000 | $ 237,800 | $ 127,000 |
| Bakersfield, CA | 14 | $ 2,999,000 | $ 214,214 | $ 106,000 |
| Baton Rouge, LA | 14 | $ 1,664,000 | $ 118,857 | $ 72,000 |
| Lakeland, FL | 13 | $ 2,037,000 | $ 156,692 | $ 88,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 13 | $ 4,721,000 | $ 363,153 | $ 118,000 |
| Jacksonville, FL | 12 | $ 1,585,000 | $ 132,083 | $ 121,000 |
| Sarasota-Bradenton-Venice, FL | 11 | $ 2,942,000 | $ 267,454 | $ 192,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 11 | $ 2,750,000 | $ 250,000 | $ 105,000 |
| San Diego-Carlsbad-San Marcos, CA | 10 | $ 3,887,000 | $ 388,700 | $ 101,000 |
| Dallas-Plano-Irving, TX | 9 | $ 1,848,000 | $ 205,333 | $ 102,000 |
| Denver-Aurora, CO | 9 | $ 2,320,000 | $ 257,777 | $ 50,000 |
| Indianapolis-Carmel, IN | 8 | $ 858,000 | $ 107,250 | $ 70,000 |
| Oklahoma City, OK | 8 | $ 984,000 | $ 123,000 | $ 43,000 |
| Port St. Lucie, FL | 8 | $ 1,592,000 | $ 199,000 | $ 89,000 |
| Baltimore-Towson, MD | 7 | $ 1,125,000 | $ 160,714 | $ 65,000 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 954,000 | $ 136,285 | $ 38,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 3,550,000 | $ 507,142 | $ 187,000 |
| San Antonio, TX | 7 | $ 1,451,000 | $ 207,285 | $ 179,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 2,573,000 | $ 367,571 | $ 183,000 |
| Gulfport-Biloxi, MS | 6 | $ 805,000 | $ 134,166 | $ 62,000 |
| Las Vegas-Paradise, NV | 6 | $ 1,901,000 | $ 316,833 | $ 117,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 496,000 | $ 82,666 | $ 51,000 |
| Fresno, CA | 5 | $ 1,443,000 | $ 288,600 | $ 87,000 |
| Louisville-Jefferson County, KY-IN | 5 | $ 601,000 | $ 120,200 | $ 41,400 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,862,000 | $ 372,400 | $ 111,400 |
| Kansas City, MO-KS | 4 | $ 317,000 | $ 79,250 | $ 46,500 |
| Memphis, TN-MS-AR | 4 | $ 663,000 | $ 165,750 | $ 86,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 2,200,000 | $ 550,000 | $ 130,000 |
| Punta Gorda, FL | 4 | $ 962,000 | $ 240,500 | $ 156,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 810,000 | $ 270,000 | $ 80,000 |
| Chattanooga, TN-GA | 3 | $ 941,000 | $ 313,666 | $ 211,666 |
| Chico, CA | 3 | $ 1,109,000 | $ 369,666 | $ 125,000 |
| Corpus Christi, TX | 3 | $ 491,000 | $ 163,666 | $ 114,000 |
| Fargo, ND-MN | 3 | $ 209,000 | $ 69,666 | $ 29,000 |
| Gary, IN | 3 | $ 270,000 | $ 90,000 | $ 50,000 |
| Houma-Bayou Cane-Thibodaux, LA | 3 | $ 360,000 | $ 120,000 | $ 51,000 |
| Lafayette, LA | 3 | $ 300,000 | $ 100,000 | $ 54,000 |
| Philadelphia, PA | 3 | $ 321,000 | $ 107,000 | $ 94,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 753,000 | $ 251,000 | $ 61,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 597,000 | $ 199,000 | $ 63,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 440,000 | $ 146,666 | $ 62,000 |
| Wilmington, DE-MD-NJ | 3 | $ 635,000 | $ 211,666 | $ 69,000 |
| Albuquerque, NM | 2 | $ 344,000 | $ 172,000 | $ 51,000 |
| Alexandria, LA | 2 | $ 137,000 | $ 68,500 | $ 26,000 |
| Bend, OR | 2 | $ 506,000 | $ 253,000 | $ 71,000 |
| Bethesda-Gaithersburg-Frederick, MD | 2 | $ 315,000 | $ 157,500 | $ 156,000 |
| Boise City-Nampa, ID | 2 | $ 472,000 | $ 236,000 | $ 71,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 579,000 | $ 289,500 | $ 86,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 330,000 | $ 165,000 | $ 36,000 |
| Colorado Springs, CO | 2 | $ 287,000 | $ 143,500 | $ 88,000 |
| Columbus, GA-AL | 2 | $ 193,000 | $ 96,500 | $ 601,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 307,000 | $ 153,500 | $ 95,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 587,000 | $ 293,500 | $ 232,000 |
| Duluth, MN-WI | 2 | $ 353,000 | $ 176,500 | $ 75,000 |
| El Paso, TX | 2 | $ 128,000 | $ 64,000 | $ 72,000 |
| Fort Worth-Arlington, TX | 2 | $ 289,000 | $ 144,500 | $ 92,000 |
| Grand Junction, CO | 2 | $ 320,000 | $ 160,000 | $ 62,000 |
| Greenville-Mauldin-Easley, SC | 2 | $ 214,000 | $ 107,000 | $ 54,000 |
| Hanford-Corcoran, CA | 2 | $ 270,000 | $ 135,000 | $ 273,000 |
| Holland-Grand Haven, MI | 2 | $ 298,000 | $ 149,000 | $ 34,000 |
| Lansing-East Lansing, MI | 2 | $ 137,000 | $ 68,500 | $ 45,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 274,000 | $ 137,000 | $ 60,000 |
| New Haven-Milford, CT | 2 | $ 551,000 | $ 275,500 | $ 62,000 |
| Ocala, FL | 2 | $ 716,000 | $ 358,000 | $ 126,000 |
| Pittsburgh, PA | 2 | $ 167,000 | $ 83,500 | $ 38,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 512,000 | $ 256,000 | $ 51,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 1,390,000 | $ 695,000 | $ 185,000 |
| Stockton, CA | 2 | $ 927,000 | $ 463,500 | $ 158,000 |
| Visalia-Porterville, CA | 2 | $ 207,000 | $ 103,500 | $ 27,000 |
| Amarillo, TX | 1 | $ 111,000 | $ 111,000 | $ 17,000 |
| Ann Arbor, MI | 1 | $ 245,000 | $ 245,000 | $ 96,000 |
| Beaumont-Port Arthur, TX | 1 | $ 133,000 | $ 133,000 | $ 86,000 |
| Charleston-North Charleston, SC | 1 | $ 99,000 | $ 99,000 | $ 36,000 |
| Columbia, SC | 1 | $ 50,000 | $ 50,000 | $ 20,000 |
| Des Moines-West Des Moines, IA | 1 | $ 127,000 | $ 127,000 | $ 33,000 |
| Durham, NC | 1 | $ 127,000 | $ 127,000 | $ 27,000 |
| Fort Collins-Loveland, CO | 1 | $ 162,000 | $ 162,000 | $ 30,000 |
| Greeley, CO | 1 | $ 125,000 | $ 125,000 | $ 67,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 184,000 | $ 184,000 | $ 26,000 |
| Huntsville, AL | 1 | $ 65,000 | $ 65,000 | $ 120,000 |
| Iowa City, IA | 1 | $ 196,000 | $ 196,000 | $ 66,000 |
| Jonesboro, AR | 1 | $ 169,000 | $ 169,000 | $ 55,000 |
| Knoxville, TN | 1 | $ 239,000 | $ 239,000 | $ 88,000 |
| Lake Charles, LA | 1 | $ 342,000 | $ 342,000 | $ 177,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 139,000 | $ 139,000 | $ 74,000 |
| Lebanon, PA | 1 | $ 218,000 | $ 218,000 | $ 65,000 |
| Lexington-Fayette, KY | 1 | $ 78,000 | $ 78,000 | $ 39,000 |
| Madison, WI | 1 | $ 149,000 | $ 149,000 | $ 389,000 |
| Modesto, CA | 1 | $ 190,000 | $ 190,000 | $ 42,000 |
| Olympia, WA | 1 | $ 240,000 | $ 240,000 | $ 84,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 131,000 | $ 131,000 | $ 30,000 |
| Pascagoula, MS | 1 | $ 78,000 | $ 78,000 | $ 106,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 90,000 | $ 90,000 | $ 24,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 266,000 | $ 266,000 | $ 62,000 |
| Pueblo, CO | 1 | $ 165,000 | $ 165,000 | $ 64,000 |
| Raleigh-Cary, NC | 1 | $ 266,000 | $ 266,000 | $ 120,000 |
| Rapid City, SD | 1 | $ 124,000 | $ 124,000 | $ 38,000 |
| Reading, PA | 1 | $ 56,000 | $ 56,000 | $ 30,000 |
| Reno-Sparks, NV | 1 | $ 260,000 | $ 260,000 | $ 71,000 |
| Rochester, MN | 1 | $ 126,000 | $ 126,000 | $ 198,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 395,000 | $ 395,000 | $ 91,000 |
| Spokane, WA | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
| St. Cloud, MN | 1 | $ 250,000 | $ 250,000 | $ 179,000 |
| St. Joseph, MO-KS | 1 | $ 72,000 | $ 72,000 | $ 25,000 |
| St. Louis, MO-IL | 1 | $ 983,000 | $ 983,000 | $ 251,000 |
| Tacoma, WA | 1 | $ 304,000 | $ 304,000 | $ 102,000 |
| Topeka, KS | 1 | $ 40,000 | $ 40,000 | $ 16,000 |
| Tulsa, OK | 1 | $ 223,000 | $ 223,000 | $ 85,000 |
| Wausau, WI | 1 | $ 74,000 | $ 74,000 | $ 104,000 |
| Wichita, KS | 1 | $ 80,000 | $ 80,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Novelle Financial Services, in in 2007
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 | 772 | $206,285,000 | $267,000 | $974,000 | $114,000 | $1,548,000 |
| Refinancing | 651 | $184,444,000 | $283,000 | $1,087,000 | $99,000 | $853,000 |
| Home Improvement | 1 | $578,000 | $578,000 | $578,000 | $120,000 | $120,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 554 | $136,578,000 | $246,000 | $983,000 | $100,000 | $1,212,000 |
| Hispanic | 440 | $138,502,000 | $314,000 | $944,000 | $105,000 | $480,000 |
| White | 252 | $70,195,000 | $278,000 | $1,087,000 | $126,000 | $1,103,000 |
| Black or African American | 155 | $37,160,000 | $239,000 | $974,000 | $101,000 | $1,548,000 |
| Asian | 17 | $6,789,000 | $399,000 | $750,000 | $156,000 | $342,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,075,000 | $268,000 | $513,000 | $89,000 | $170,000 |
| American Indian or Alaskan Native | 2 | $1,008,000 | $504,000 | $540,000 | $149,000 | $159,000 |
| 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) | 1,424 | $391,307,000 | $274,000 | $1,087,000 | $107,000 | $1,548,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 686 | $185,147,000 | $269,000 | $983,000 | $111,000 | $1,212,000 |
| Application Denied By Financial Institution | 469 | $143,677,000 | $306,000 | $1,087,000 | $107,000 | $1,548,000 |
| Loan Originated | 268 | $62,403,000 | $232,000 | $719,000 | $96,000 | $1,103,000 |
| File Closed For Incompleteness | 1 | $80,000 | $80,000 | $80,000 | $64,000 | $64,000 |
| 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 | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Novelle Financial Services, in's 2007 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 Novelle Financial Services, in'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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