Olympia Funding, Inc Mortgage Lending & HMDA Data, 2007
In 2007, Olympia Funding, Inc of Pleasanton, CA reported 1,518 mortgage applications totaling $453.9 million, up 90% from 2006. The average application was for $299,038, and applicants reported an average income of $151,877. 46% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (396), San Jose-Sunnyvale-Santa Clara, CA (168) and Stockton, CA (113) (applications in parentheses).
| Mortgage Company & Address | Olympia Funding, Inc 7139 Koll Center Parkway Ste 100 Pleasanton, CA 94566 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 1,518 |
| Total Mortgage Loan Application Amount | $453,940,000 |
| Average Mortgage Loan Application Amount | $299,038 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $151,877 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Olympia Funding, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Alameda, California | 262 | $ 85,060,000 | $ 324,656 | $ 163,000 |
| Santa Clara, California | 165 | $ 58,571,000 | $ 354,975 | $ 175,000 |
| Contra Costa, California | 134 | $ 41,978,000 | $ 313,268 | $ 144,000 |
| San Joaquin, California | 113 | $ 31,287,000 | $ 276,876 | $ 141,000 |
| Los Angeles, California | 106 | $ 34,521,000 | $ 325,669 | $ 138,000 |
| Clark, Nevada | 90 | $ 19,833,000 | $ 220,366 | $ 121,000 |
| Stanislaus, California | 63 | $ 14,729,000 | $ 233,793 | $ 99,000 |
| Riverside, California | 54 | $ 15,589,000 | $ 288,685 | $ 146,000 |
| Sacramento, California | 47 | $ 11,284,000 | $ 240,085 | $ 140,000 |
| Orange, California | 45 | $ 16,366,000 | $ 363,688 | $ 104,000 |
| San Diego, California | 45 | $ 13,296,000 | $ 295,466 | $ 134,000 |
| San Bernardino, California | 31 | $ 8,086,000 | $ 260,838 | $ 151,000 |
| Maricopa, Arizona | 30 | $ 6,128,000 | $ 204,266 | $ 117,000 |
| Solano, California | 30 | $ 9,203,000 | $ 306,766 | $ 151,000 |
| Merced, California | 19 | $ 4,486,000 | $ 236,105 | $ 127,000 |
| San Mateo, California | 16 | $ 5,620,000 | $ 351,250 | $ 160,000 |
| San Francisco, California | 15 | $ 7,133,000 | $ 475,533 | $ 199,000 |
| Kern, California | 14 | $ 4,100,000 | $ 292,857 | $ 115,000 |
| Fresno, California | 13 | $ 2,349,000 | $ 180,692 | $ 96,000 |
| Orange, Florida | 13 | $ 2,055,000 | $ 158,076 | $ 291,000 |
| Ventura, California | 12 | $ 7,231,000 | $ 602,583 | $ 242,000 |
| Washoe, Nevada | 12 | $ 4,535,000 | $ 377,916 | $ 389,000 |
| Placer, California | 10 | $ 2,701,000 | $ 270,100 | $ 111,000 |
| Shasta, California | 8 | $ 1,160,000 | $ 145,000 | $ 81,000 |
| Marin, California | 7 | $ 2,196,000 | $ 313,714 | $ 211,000 |
| Santa Cruz, California | 7 | $ 4,997,000 | $ 713,857 | $ 253,000 |
| Salt Lake, Utah | 7 | $ 1,563,000 | $ 223,285 | $ 191,000 |
| Pinal, Arizona | 6 | $ 872,000 | $ 145,333 | $ 265,000 |
| Kings, California | 5 | $ 662,000 | $ 132,400 | $ 60,000 |
| El Dorado, California | 4 | $ 936,000 | $ 234,000 | $ 312,000 |
| Nevada, California | 4 | $ 1,100,000 | $ 275,000 | $ 49,000 |
| Sonoma, California | 4 | $ 1,333,000 | $ 333,250 | $ 106,000 |
| Adams, Colorado | 4 | $ 378,000 | $ 94,500 | $ 103,000 |
| Palm Beach, Florida | 4 | $ 1,414,000 | $ 353,500 | $ 224,000 |
| Baltimore, Maryland | 4 | $ 956,000 | $ 239,000 | $ 264,000 |
| Prince George's, Maryland | 4 | $ 1,264,000 | $ 316,000 | $ 204,000 |
| Lyon, Nevada | 4 | $ 444,000 | $ 111,000 | $ 139,000 |
| King, Washington | 4 | $ 680,000 | $ 170,000 | $ 97,000 |
| Whatcom, Washington | 4 | $ 638,000 | $ 159,500 | $ 39,000 |
| Graham, Arizona | 3 | $ 399,000 | $ 133,000 | $ 176,000 |
| Pima, Arizona | 3 | $ 799,000 | $ 266,333 | $ 209,000 |
| Amador, California | 3 | $ 1,177,000 | $ 392,333 | $ 501,000 |
| Madera, California | 3 | $ 566,000 | $ 188,666 | $ 186,000 |
| Monterey, California | 3 | $ 1,084,000 | $ 361,333 | $ 87,000 |
| San Benito, California | 3 | $ 1,086,000 | $ 362,000 | $ 159,000 |
| Tehama, California | 3 | $ 620,000 | $ 206,666 | $ 51,000 |
| Tuolumne, California | 3 | $ 656,000 | $ 218,666 | $ 151,000 |
| Lee, Florida | 3 | $ 968,000 | $ 322,666 | $ 206,000 |
| Montgomery, Maryland | 3 | $ 1,830,000 | $ 610,000 | $ 346,000 |
| Nye, Nevada | 3 | $ 814,000 | $ 271,333 | $ 84,000 |
| Washington, Utah | 3 | $ 1,019,000 | $ 339,666 | $ 160,000 |
| Clark, Washington | 3 | $ 303,000 | $ 101,000 | $ 137,000 |
| Mohave, Arizona | 2 | $ 375,000 | $ 187,500 | $ 233,000 |
| Lake, California | 2 | $ 410,000 | $ 205,000 | $ 192,000 |
| Napa, California | 2 | $ 842,000 | $ 421,000 | $ 121,000 |
| Santa Barbara, California | 2 | $ 710,000 | $ 355,000 | $ 91,000 |
| Trinity, California | 2 | $ 189,000 | $ 94,500 | $ 54,000 |
| Tulare, California | 2 | $ 424,000 | $ 212,000 | $ 39,000 |
| Yolo, California | 2 | $ 196,000 | $ 98,000 | $ 78,000 |
| Pueblo, Colorado | 2 | $ 236,000 | $ 118,000 | $ 43,000 |
| Charlotte, Florida | 2 | $ 505,000 | $ 252,500 | $ 174,000 |
| Citrus, Florida | 2 | $ 855,000 | $ 427,500 | $ 39,000 |
| Hillsborough, Florida | 2 | $ 439,000 | $ 219,500 | $ 138,000 |
| Miami-Dade, Florida | 2 | $ 583,000 | $ 291,500 | $ 84,000 |
| Cobb, Georgia | 2 | $ 1,761,000 | $ 880,500 | $ 1,141,000 |
| Maui, Hawaii | 2 | $ 1,103,000 | $ 551,500 | $ 622,000 |
| Marion, Oregon | 2 | $ 257,000 | $ 128,500 | $ 77,000 |
| Montgomery, Texas | 2 | $ 114,000 | $ 57,000 | $ 337,000 |
| Benton, Washington | 2 | $ 118,000 | $ 59,000 | $ 39,000 |
| Kitsap, Washington | 2 | $ 646,000 | $ 323,000 | $ 262,000 |
| Snohomish, Washington | 2 | $ 510,000 | $ 255,000 | $ 60,000 |
| Calaveras, California | 1 | $ 288,000 | $ 288,000 | $ 88,000 |
| Imperial, California | 1 | $ 163,000 | $ 163,000 | $ 72,000 |
| Mariposa, California | 1 | $ 510,000 | $ 510,000 | $ 278,000 |
| San Luis Obispo, California | 1 | $ 248,000 | $ 248,000 | $ 134,000 |
| Yuba, California | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Escambia, Florida | 1 | $ 89,000 | $ 89,000 | $ 27,000 |
| Leon, Florida | 1 | $ 175,000 | $ 175,000 | $ 91,000 |
| Osceola, Florida | 1 | $ 273,000 | $ 273,000 | $ 95,000 |
| Polk, Florida | 1 | $ 100,000 | $ 100,000 | $ 24,000 |
| Santa Rosa, Florida | 1 | $ 450,000 | $ 450,000 | $ 195,000 |
| Paulding, Georgia | 1 | $ 168,000 | $ 168,000 | $ 182,000 |
| Canyon, Idaho | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Baltimore City, Maryland | 1 | $ 190,000 | $ 190,000 | $ 79,000 |
| Frederick, Maryland | 1 | $ 413,000 | $ 413,000 | $ 147,000 |
| Carson City, Nevada | 1 | $ 200,000 | $ 200,000 | $ 53,000 |
| Klamath, Oregon | 1 | $ 101,000 | $ 101,000 | $ 19,000 |
| Multnomah, Oregon | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Washington, Oregon | 1 | $ 500,000 | $ 500,000 | $ 209,000 |
| Utah, Utah | 1 | $ 275,000 | $ 275,000 | $ 64,000 |
| Cowlitz, Washington | 1 | $ 319,000 | $ 319,000 | $ 243,000 |
| Grant, Washington | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Pierce, Washington | 1 | $ 208,000 | $ 208,000 | $ 109,000 |
Mortgage Loan Application Detail Totals for Olympia Funding, Inc 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 |
|---|---|---|---|---|---|---|
| Refinancing | 822 | $253,671,000 | $308,000 | $3,700,000 | $145,000 | $1,200,000 |
| Home Purchase | 696 | $200,269,000 | $287,000 | $1,485,000 | $160,000 | $1,141,000 |
| 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 | 449 | $131,675,000 | $293,000 | $1,561,000 | $128,000 | $719,000 |
| Hispanic | 444 | $127,978,000 | $288,000 | $1,225,000 | $131,000 | $480,000 |
| White | 386 | $118,760,000 | $307,000 | $3,700,000 | $200,000 | $1,200,000 |
| Asian | 110 | $33,895,000 | $308,000 | $1,138,000 | $173,000 | $1,086,000 |
| Black or African American | 90 | $27,156,000 | $301,000 | $1,000,000 | $144,000 | $553,000 |
| Native Hawaiian or Other Pacific Islander | 20 | $7,336,000 | $366,000 | $960,000 | $163,000 | $318,000 |
| Not applicable | 15 | $6,064,000 | $404,000 | $775,000 | $112,000 | $252,000 |
| American Indian or Alaskan Native | 4 | $1,076,000 | $269,000 | $489,000 | $158,000 | $187,000 |
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) | 1,515 | $453,000,000 | $299,000 | $3,700,000 | $152,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) | 3 | $940,000 | $313,000 | $357,000 | $77,000 | $99,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 692 | $207,340,000 | $299,000 | $1,561,000 | $164,000 | $1,086,000 |
| Application Approved But Not Accepted | 299 | $85,482,000 | $285,000 | $1,225,000 | $147,000 | $664,000 |
| Application Denied By Financial Institution | 204 | $63,160,000 | $309,000 | $1,485,000 | $138,000 | $1,141,000 |
| File Closed For Incompleteness | 173 | $53,753,000 | $310,000 | $1,160,000 | $154,000 | $1,141,000 |
| Application Withdrawn By Applicant | 150 | $44,205,000 | $294,000 | $3,700,000 | $121,000 | $1,200,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 43 | $13,577,000 | $315,000 | $675,000 | $90,000 | $192,000 |
| Collateral | 30 | $11,125,000 | $370,000 | $1,425,000 | $243,000 | $1,141,000 |
| Debt-To-Income Ratio | 28 | $9,224,000 | $329,000 | $630,000 | $115,000 | $493,000 |
| Unverifiable Information | 20 | $6,920,000 | $346,000 | $736,000 | $119,000 | $366,000 |
| Other | 6 | $2,117,000 | $352,000 | $610,000 | $159,000 | $312,000 |
| Employment History | 5 | $1,363,000 | $272,000 | $506,000 | $250,000 | $660,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $768,000 | $384,000 | $417,000 | $219,000 | $252,000 |
| Credit Application Incomplete | 2 | $338,000 | $169,000 | $300,000 | $90,000 | $90,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Funding, Inc'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 Olympia Funding, Inc'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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