One Reverse Mortgage, LLC Mortgage Lending & HMDA Data, 2016
In 2016, One Reverse Mortgage, LLC of San Diego, CA reported 431 mortgage applications totaling $67.2 million, down 57% from 2015. The average application was for $155,860, and applicants reported an average income of $34,573. 50% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (14), Riverside-San Bernardino-Ontario, CA (14) and Houston-The Woodlands-Sugar Land, TX (13) (applications in parentheses).
| Mortgage Company & Address | One Reverse Mortgage, LLC 4445 Eastgate Mall, Suite 320 San Diego, CA 92121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 431 |
| Total Mortgage Loan Application Amount | $67,176,000 |
| Average Mortgage Loan Application Amount | $155,860 |
| Highest Mortgage Loan Application Amount | $449,000 |
| Average Applicant Income | $34,573 |
| Highest Applicant Income | $163,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records One Reverse Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 One Reverse Mortgage, LLC in 2016
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 | 408 | $63,637,000 | $155,000 | $449,000 | $35,000 | $163,000 |
| Home Purchase | 23 | $3,539,000 | $153,000 | $360,000 | $27,000 | $59,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 337 | $50,917,000 | $151,000 | $449,000 | $34,000 | $163,000 |
| Black or African American | 51 | $8,611,000 | $168,000 | $411,000 | $42,000 | $96,000 |
| Hispanic | 26 | $4,898,000 | $188,000 | $427,000 | $31,000 | $53,000 |
| Not Provided | 6 | $795,000 | $132,000 | $251,000 | $48,000 | $112,000 |
| Asian | 6 | $1,236,000 | $206,000 | $432,000 | $68,000 | $121,000 |
| American Indian or Alaskan Native | 5 | $719,000 | $143,000 | $328,000 | $29,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 431 | $67,176,000 | $155,000 | $449,000 | $35,000 | $163,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 217 | $34,122,000 | $157,000 | $449,000 | $36,000 | $163,000 |
| Application Denied By Financial Institution | 205 | $31,536,000 | $153,000 | $432,000 | $33,000 | $117,000 |
| Application Approved But Not Accepted | 7 | $1,323,000 | $189,000 | $427,000 | $46,000 | $78,000 |
| File Closed For Incompleteness | 2 | $195,000 | $97,000 | $103,000 | $36,000 | $53,000 |
| Application Withdrawn By Applicant | 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 | 121 | $18,673,000 | $154,000 | $427,000 | $34,000 | $117,000 |
| Credit History | 28 | $3,779,000 | $134,000 | $343,000 | $32,000 | $69,000 |
| Credit Application Incomplete | 19 | $3,555,000 | $187,000 | $400,000 | $33,000 | $71,000 |
| Debt-To-Income Ratio | 14 | $2,439,000 | $174,000 | $432,000 | $28,000 | $58,000 |
| Unverifiable Information | 12 | $1,637,000 | $136,000 | $266,000 | $26,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $888,000 | $111,000 | $228,000 | $44,000 | $106,000 |
| Other | 3 | $565,000 | $188,000 | $236,000 | $30,000 | $37,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into One Reverse Mortgage, LLC's 2016 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 One Reverse Mortgage, 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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