Paramount Equity Mortgage, Llc
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Paramount Equity Mortgage, Llc
22 Executive Park #100
Irvine, CA 92614
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 87,262
Total Mortgage Loan Application Amount $19,594,484,000
Average Mortgage Loan Application Amount $164,754
Highest Mortgage Loan Application Amount $2,540,000
Average Applicant Income $65,742
Highest Applicant Income $3,278,000
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Mortgage Loan Application Detail Totals for Paramount Equity 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 82,757 $18,493,690,000 $223,000 $2,540,000 $74,000 $3,278,000
Home Purchase 2,449 $657,346,000 $268,000 $1,275,000 $97,000 $1,080,000
Home Improvement 2,076 $446,884,000 $215,000 $1,000,000 $79,000 $720,000

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 46,163 $10,261,962,000 $222,000 $2,540,000 $77,000 $3,278,000
Not Provided 21,209 $4,855,418,000 $228,000 $1,500,000 $76,000 $3,017,000
Hispanic 10,106 $2,165,974,000 $214,000 $1,400,000 $64,000 $2,460,000
Black or African American 5,335 $1,106,028,000 $207,000 $1,000,000 $62,000 $1,700,000
Asian 3,329 $938,132,000 $281,000 $1,900,000 $93,000 $1,236,000
Native Hawaiin or Other Pacific Islander 583 $155,814,000 $267,000 $740,000 $86,000 $720,000
American Indian or Alaskan Native 557 $114,592,000 $205,000 $662,000 $66,000 $1,500,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 53,516 $12,307,459,000 $229,000 $2,540,000 $88,000 $3,278,000
FHA-insured (Federal Housing Administration) 23,936 $4,971,806,000 $207,000 $921,000 $53,000 $2,500,000
VA-guaranteed (Veterans Administration) 9,804 $2,313,802,000 $236,000 $1,885,000 $57,000 $2,520,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26 $4,853,000 $186,000 $332,000 $62,000 $120,000

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
Application Withdrawn By Applicant 46,851 $10,524,723,000 $224,000 $2,540,000 $76,000 $3,278,000
Application Denied By Financial Institution 20,985 $4,601,396,000 $219,000 $2,000,000 $71,000 $2,700,000
Loan Originated 16,823 $3,899,170,000 $231,000 $1,275,000 $75,000 $1,581,000
Application Approved But Not Accepted 2,623 $572,631,000 $218,000 $1,472,000 $71,000 $753,000
File Closed For Incompleteness 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
Credit Application Incomplete 10,474 $2,270,245,000 $216,000 $2,000,000 $77,000 $2,500,000
Credit History 4,016 $848,117,000 $211,000 $1,900,000 $69,000 $2,520,000
Debt-To-Income Ratio 3,442 $827,525,000 $240,000 $1,885,000 $54,000 $677,000
Collateral 1,875 $405,167,000 $216,000 $1,860,000 $82,000 $2,700,000
Other 454 $95,061,000 $209,000 $875,000 $60,000 $529,000
Unverifiable Information 310 $66,967,000 $216,000 $890,000 $69,000 $500,000
Insufficient Cash (Downpayment, Closing Cost) 219 $47,579,000 $217,000 $1,360,000 $48,000 $267,000
Employment History 192 $40,192,000 $209,000 $727,000 $64,000 $210,000
Mortgage Insurance Denied 3 $543,000 $181,000 $276,000 $55,000 $112,000
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