Ocwen Loan Servicing, LLC Mortgage Lending & HMDA Data, 2013
In 2013, Ocwen Loan Servicing, LLC of West Palm Beach, FL reported 1,732 mortgage applications totaling $384.6 million. The average application was for $222,059, and applicants reported an average income of $76,494. 57% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Boston-Quincy, MA (283), Worcester, MA (152) and Cambridge-Newton-Framingham, MA (146) (applications in parentheses).
| Mortgage Company & Address | Ocwen Loan Servicing, LLC 1661 Worthingtion Road Suite 100 West Palm Beach, FL 33409 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2007 2006 |
| Total Number of Mortgage Applications | 1,732 |
| Total Mortgage Loan Application Amount | $384,607,000 |
| Average Mortgage Loan Application Amount | $222,059 |
| Highest Mortgage Loan Application Amount | $959,000 |
| Average Applicant Income | $76,494 |
| Highest Applicant Income | $2,646,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ocwen Loan Servicing, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ocwen Loan Servicing, LLC 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 | 955 | $220,666,000 | $231,000 | $729,000 | $76,000 | $670,000 |
| Home Purchase | 769 | $162,239,000 | $210,000 | $959,000 | $77,000 | $2,646,000 |
| Home Improvement | 8 | $1,702,000 | $212,000 | $375,000 | $87,000 | $129,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,138 | $255,939,000 | $224,000 | $729,000 | $87,000 | $670,000 |
| Not applicable | 157 | $34,684,000 | $220,000 | $498,000 | $0 | $0 |
| Hispanic | 130 | $24,719,000 | $190,000 | $512,000 | $59,000 | $237,000 |
| Asian | 106 | $28,848,000 | $272,000 | $741,000 | $95,000 | $281,000 |
| Not Provided | 99 | $21,103,000 | $213,000 | $959,000 | $111,000 | $2,646,000 |
| Black or African American | 92 | $17,715,000 | $192,000 | $454,000 | $61,000 | $301,000 |
| American Indian or Alaskan Native | 6 | $866,000 | $144,000 | $186,000 | $38,000 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $733,000 | $183,000 | $262,000 | $62,000 | $109,000 |
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) | 1,256 | $290,984,000 | $231,000 | $959,000 | $80,000 | $2,646,000 |
| FHA-insured (Federal Housing Administration) | 428 | $85,252,000 | $199,000 | $741,000 | $69,000 | $304,000 |
| VA-guaranteed (Veterans Administration) | 48 | $8,371,000 | $174,000 | $462,000 | $70,000 | $301,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 979 | $226,909,000 | $231,000 | $959,000 | $94,000 | $2,646,000 |
| Application Denied By Financial Institution | 361 | $70,647,000 | $195,000 | $659,000 | $59,000 | $301,000 |
| Application Approved But Not Accepted | 188 | $42,914,000 | $228,000 | $645,000 | $87,000 | $670,000 |
| Loan Purchased By The Institution | 157 | $34,684,000 | $220,000 | $498,000 | $0 | $0 |
| Application Withdrawn By Applicant | 36 | $7,894,000 | $219,000 | $471,000 | $77,000 | $196,000 |
| File Closed For Incompleteness | 11 | $1,559,000 | $141,000 | $262,000 | $52,000 | $109,000 |
| 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 | 121 | $24,741,000 | $204,000 | $625,000 | $52,000 | $175,000 |
| Credit History | 107 | $18,620,000 | $174,000 | $659,000 | $65,000 | $237,000 |
| Other | 76 | $16,060,000 | $211,000 | $481,000 | $49,000 | $274,000 |
| Collateral | 26 | $4,430,000 | $170,000 | $375,000 | $78,000 | $275,000 |
| Unverifiable Information | 11 | $2,496,000 | $226,000 | $366,000 | $90,000 | $301,000 |
| Employment History | 10 | $2,472,000 | $247,000 | $417,000 | $55,000 | $95,000 |
| Credit Application Incomplete | 7 | $1,161,000 | $165,000 | $240,000 | $71,000 | $116,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $355,000 | $177,000 | $180,000 | $63,000 | $67,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ocwen Loan Servicing, LLC'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 Ocwen Loan Servicing, LLC'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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with aggregated HMDA statistics today.
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