Opus Bank Mortgage Lending & HMDA Data, 2016
In 2016, Opus Bank of Irvine, CA reported 446 mortgage applications totaling $1.1 billion, down 9% from 2015. The average application was for $2,496,706, and applicants reported an average income of $22,538. 84% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (217), Phoenix-Mesa-Scottsdale, AZ (47) and San Diego-Carlsbad, CA (46) (applications in parentheses).
| Mortgage Company & Address | Opus Bank 19900 Macarthur Blvd 12th Fl Irvine, CA 92612 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 446 |
| Total Mortgage Loan Application Amount | $1,113,531,000 |
| Average Mortgage Loan Application Amount | $2,496,706 |
| Highest Mortgage Loan Application Amount | $25,000,000 |
| Average Applicant Income | $22,538 |
| Highest Applicant Income | $3,772,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Opus Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 217 | $ 372,254,000 | $ 1,715,456 | $ 13,000 |
| Phoenix-Mesa-Scottsdale, AZ | 47 | $ 213,976,000 | $ 4,552,680 | $ 15,000 |
| San Diego-Carlsbad, CA | 46 | $ 111,294,000 | $ 2,419,434 | $ 16,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 35 | $ 99,372,000 | $ 2,839,200 | $ 11,885 |
| Oakland-Hayward-Berkeley, CA | 24 | $ 76,399,000 | $ 3,183,291 | $ 23,000 |
| Seattle-Bellevue-Everett, WA | 22 | $ 72,581,000 | $ 3,299,136 | $ 0 |
| Tacoma-Lakewood, WA | 12 | $ 47,727,000 | $ 3,977,250 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 7 | $ 6,694,000 | $ 956,285 | $ 107,000 |
| San Francisco-Redwood City-South San Francisco, CA | 6 | $ 24,045,000 | $ 4,007,500 | $ 9,000 |
| Anaheim-Santa Ana-Irvine, CA | 4 | $ 4,688,000 | $ 1,172,000 | $ 52,000 |
| Bremerton-Silverdale, WA | 4 | $ 33,849,000 | $ 8,462,250 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 4 | $ 15,144,000 | $ 3,786,000 | $ 0 |
| Fresno, CA | 3 | $ 4,355,000 | $ 1,451,666 | $ 0 |
| Albany, OR | 2 | $ 2,081,000 | $ 1,040,500 | $ 0 |
| Mount Vernon-Anacortes, WA | 2 | $ 2,588,000 | $ 1,294,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 3,063,000 | $ 1,531,500 | $ 0 |
| Santa Maria-Santa Barbara, CA | 2 | $ 4,939,000 | $ 2,469,500 | $ 1,886,000 |
| Bakersfield, CA | 1 | $ 2,886,000 | $ 2,886,000 | $ 0 |
| Corvallis, OR | 1 | $ 5,880,000 | $ 5,880,000 | $ 0 |
| Salem, OR | 1 | $ 3,075,000 | $ 3,075,000 | $ 0 |
| Salinas, CA | 1 | $ 1,338,000 | $ 1,338,000 | $ 0 |
| San Rafael, CA | 1 | $ 1,603,000 | $ 1,603,000 | $ 0 |
| Santa Rosa, CA | 1 | $ 3,000,000 | $ 3,000,000 | $ 0 |
| Vallejo-Fairfield, CA | 1 | $ 700,000 | $ 700,000 | $ 0 |
Mortgage Loan Application Detail Totals for Opus Bank 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 | 214 | $614,161,000 | $2,869,000 | $25,000,000 | $30,000 | $3,772,000 |
| Home Purchase | 198 | $430,071,000 | $2,172,000 | $15,372,000 | $18,000 | $1,358,000 |
| Home Improvement | 34 | $69,299,000 | $2,038,000 | $6,870,000 | $2,000 | $91,000 |
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 applicable | 379 | $1,024,298,000 | $2,702,000 | $25,000,000 | $1,000 | $741,000 |
| White | 29 | $29,389,000 | $1,013,000 | $1,882,000 | $90,000 | $1,358,000 |
| Not Provided | 17 | $29,991,000 | $1,764,000 | $7,750,000 | $283,000 | $3,772,000 |
| Hispanic | 12 | $12,161,000 | $1,013,000 | $2,000,000 | $119,000 | $516,000 |
| Asian | 7 | $16,118,000 | $2,302,000 | $11,250,000 | $70,000 | $423,000 |
| Black or African American | 2 | $1,574,000 | $787,000 | $1,050,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 446 | $1,113,531,000 | $2,496,000 | $25,000,000 | $22,000 | $3,772,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 375 | $859,124,000 | $2,290,000 | $19,700,000 | $25,000 | $3,772,000 |
| Application Denied By Financial Institution | 38 | $115,631,000 | $3,042,000 | $17,000,000 | $3,000 | $67,000 |
| Application Withdrawn By Applicant | 18 | $50,011,000 | $2,778,000 | $10,000,000 | $7,000 | $138,000 |
| Application Approved But Not Accepted | 9 | $46,765,000 | $5,196,000 | $24,960,000 | $30,000 | $276,000 |
| File Closed For Incompleteness | 6 | $42,000,000 | $7,000,000 | $25,000,000 | $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 | 13 | $52,617,000 | $4,047,000 | $17,000,000 | $5,000 | $67,000 |
| Credit Application Incomplete | 10 | $26,510,000 | $2,651,000 | $7,900,000 | $0 | $0 |
| Credit History | 6 | $22,813,000 | $3,802,000 | $12,950,000 | $9,000 | $55,000 |
| Debt-To-Income Ratio | 5 | $6,569,000 | $1,313,000 | $1,699,000 | $0 | $0 |
| Other | 3 | $5,550,000 | $1,850,000 | $2,750,000 | $0 | $0 |
| Unverifiable Information | 1 | $1,572,000 | $1,572,000 | $1,572,000 | $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 Opus Bank'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 Opus Bank'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 California, download the full spreadsheet
with aggregated HMDA statistics today.
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