Oaktree Funding Corp Mortgage Lending & HMDA Data, 2011

In 2011, Oaktree Funding Corp of Chandler, AZ reported 246 mortgage applications totaling $52.5 million, up 14% from 2010. The average application was for $213,422, and applicants reported an average income of $58,443. 46% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (79), Los Angeles-Long Beach-Glendale, CA (49) and Sacramento--Arden-Arcade--Roseville, CA (15) (applications in parentheses).

Mortgage Company & Address Oaktree Funding Corp
1298 West 7th Street
Chandler, AZ 85226
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 246
Total Mortgage Loan Application Amount $52,502,000
Average Mortgage Loan Application Amount $213,422
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $58,443
Highest Applicant Income $367,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Oaktree Funding Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Oaktree Funding Corp in 2011

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 169 $33,603,000 $198,000 $1,000,000 $55,000 $367,000
Refinancing 77 $18,899,000 $245,000 $675,000 $66,000 $350,000
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
Hispanic 150 $30,030,000 $200,000 $659,000 $49,000 $168,000
White 81 $19,482,000 $240,000 $1,000,000 $74,000 $367,000
Black or African American 8 $1,598,000 $199,000 $423,000 $76,000 $126,000
Asian 7 $1,392,000 $198,000 $360,000 $48,000 $120,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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
FHA-insured (Federal Housing Administration) 144 $28,613,000 $198,000 $730,000 $48,000 $144,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 78 $18,809,000 $241,000 $1,000,000 $77,000 $367,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 18 $3,178,000 $176,000 $325,000 $45,000 $84,000
VA-guaranteed (Veterans Administration) 6 $1,902,000 $317,000 $605,000 $84,000 $117,000

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 112 $22,981,000 $205,000 $675,000 $58,000 $144,000
File Closed For Incompleteness 78 $17,165,000 $220,000 $730,000 $58,000 $168,000
Application Denied By Financial Institution 36 $7,422,000 $206,000 $605,000 $55,000 $350,000
Application Withdrawn By Applicant 20 $4,934,000 $246,000 $1,000,000 $66,000 $367,000
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
Debt-To-Income Ratio 12 $2,793,000 $232,000 $605,000 $41,000 $84,000
Credit History 9 $1,915,000 $212,000 $526,000 $61,000 $144,000
Other 8 $1,272,000 $159,000 $270,000 $50,000 $120,000
Unverifiable Information 5 $786,000 $157,000 $256,000 $35,000 $60,000
Collateral 2 $656,000 $328,000 $572,000 $183,000 $350,000
Credit Application Incomplete 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 Oaktree Funding Corp's 2011 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 Oaktree Funding 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 Arizona, download the full spreadsheet with aggregated HMDA statistics today.

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