Pillar Multifamily, LLC Mortgage Lending & HMDA Data, 2014

In 2014, Pillar Multifamily, LLC of Vienna, VA reported 57 mortgage applications totaling $192.3 million. The average application was for $3,374,526, and applicants reported an average income of $0. 88% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Dallas-Plano-Irving, TX (4), Houston-The Woodlands-Sugar Land, TX (4) and Lakeland-Winter Haven, FL (3) (applications in parentheses).

Mortgage Company & Address Pillar Multifamily, LLC
8245 Boone Blvd Ste 710
Vienna, VA 22182
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  
Total Number of Mortgage Applications 57
Total Mortgage Loan Application Amount $192,348,000
Average Mortgage Loan Application Amount $3,374,526
Highest Mortgage Loan Application Amount $9,600,000
Average Applicant Income $0
Highest Applicant Income $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pillar Multifamily, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Pillar Multifamily, LLC by Metropolitan Area in 2014

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Dallas-Plano-Irving, TX 4 $ 13,400,000 $ 3,350,000 $ 0
Houston-The Woodlands-Sugar Land, TX 4 $ 12,899,000 $ 3,224,750 $ 0
Lakeland-Winter Haven, FL 3 $ 12,460,000 $ 4,153,333 $ 0
Dayton, OH 2 $ 6,800,000 $ 3,400,000 $ 0
Kansas City, MO-KS 2 $ 8,445,000 $ 4,222,500 $ 0
Lansing-East Lansing, MI 2 $ 7,530,000 $ 3,765,000 $ 0
Las Vegas-Henderson-Paradise, NV 2 $ 1,590,000 $ 795,000 $ 0
Los Angeles-Long Beach-Glendale, CA 2 $ 11,982,000 $ 5,991,000 $ 0
Louisville/Jefferson County, KY-IN 2 $ 8,450,000 $ 4,225,000 $ 0
Oakland-Hayward-Berkeley, CA 2 $ 10,411,000 $ 5,205,500 $ 0
Allentown-Bethlehem-Easton, PA-NJ 1 $ 4,060,000 $ 4,060,000 $ 0
Anaheim-Santa Ana-Irvine, CA 1 $ 7,100,000 $ 7,100,000 $ 0
Asheville, NC 1 $ 2,475,000 $ 2,475,000 $ 0
Cape Coral-Fort Myers, FL 1 $ 1,347,000 $ 1,347,000 $ 0
Columbus, OH 1 $ 1,168,000 $ 1,168,000 $ 0
Indianapolis-Carmel-Anderson, IN 1 $ 1,284,000 $ 1,284,000 $ 0
Jackson, MS 1 $ 1,820,000 $ 1,820,000 $ 0
Lake County-Kenosha County, IL-WI 1 $ 3,225,000 $ 3,225,000 $ 0
Logan, UT-ID 1 $ 3,910,000 $ 3,910,000 $ 0
Macon, GA 1 $ 1,700,000 $ 1,700,000 $ 0
Miami-Miami Beach-Kendall, FL 1 $ 5,765,000 $ 5,765,000 $ 0
Muskegon, MI 1 $ 2,400,000 $ 2,400,000 $ 0
New York-Jersey City-White Plains, NY-NJ 1 $ 1,290,000 $ 1,290,000 $ 0
Orlando-Kissimmee-Sanford, FL 1 $ 3,434,000 $ 3,434,000 $ 0
Peoria, IL 1 $ 8,020,000 $ 8,020,000 $ 0
Philadelphia, PA 1 $ 2,800,000 $ 2,800,000 $ 0
Portland-Vancouver-Hillsboro, OR-WA 1 $ 1,612,000 $ 1,612,000 $ 0
Pueblo, CO 1 $ 4,285,000 $ 4,285,000 $ 0
Raleigh, NC 1 $ 3,250,000 $ 3,250,000 $ 0
Sacramento--Roseville--Arden-Arcade, CA 1 $ 1,137,000 $ 1,137,000 $ 0
San Diego-Carlsbad, CA 1 $ 850,000 $ 850,000 $ 0
Shreveport-Bossier City, LA 1 $ 2,900,000 $ 2,900,000 $ 0
St. Louis, MO-IL 1 $ 5,600,000 $ 5,600,000 $ 0
Tacoma-Lakewood, WA 1 $ 1,300,000 $ 1,300,000 $ 0
Tampa-St. Petersburg-Clearwater, FL 1 $ 2,940,000 $ 2,940,000 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 2,150,000 $ 2,150,000 $ 0

Mortgage Loan Application Detail Totals for Pillar Multifamily, LLC in 2014

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 22 $84,897,000 $3,858,000 $9,600,000 $0 $0
Home Purchase 21 $71,943,000 $3,425,000 $9,200,000 $0 $0
Home Improvement 14 $35,508,000 $2,536,000 $6,000,000 $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 applicable 57 $192,348,000 $3,374,000 $9,600,000 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
White 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 57 $192,348,000 $3,374,000 $9,600,000 $0 $0
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 50 $164,099,000 $3,281,000 $9,600,000 $0 $0
Application Denied By Financial Institution 7 $28,249,000 $4,035,000 $6,000,000 $0 $0
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Other 6 $24,599,000 $4,099,000 $6,000,000 $0 $0
Collateral 1 $3,650,000 $3,650,000 $3,650,000 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $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
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pillar Multifamily, LLC's 2014 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 Pillar Multifamily, 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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