Pillar Multifamily, LLC Mortgage Lending & HMDA Data, 2015

In 2015, Pillar Multifamily, LLC of Vienna, VA reported 139 mortgage applications totaling $559.0 million, up 144% from 2014. The average application was for $4,021,251, and applicants reported an average income of $0. 94% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (11), Chicago-Naperville-Arlington Heights, IL (7) and Cleveland-Elyria, OH (5) (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 139
Total Mortgage Loan Application Amount $558,954,000
Average Mortgage Loan Application Amount $4,021,251
Highest Mortgage Loan Application Amount $9,950,000
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(HMDA) records Pillar Multifamily, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Denver-Aurora-Lakewood, CO 11 $ 62,043,000 $ 5,640,272 $ 0
Chicago-Naperville-Arlington Heights, IL 7 $ 24,910,000 $ 3,558,571 $ 0
Cleveland-Elyria, OH 5 $ 23,861,000 $ 4,772,200 $ 0
Atlanta-Sandy Springs-Roswell, GA 4 $ 27,226,000 $ 6,806,500 $ 0
Dallas-Plano-Irving, TX 4 $ 7,378,000 $ 1,844,500 $ 0
Warren-Troy-Farmington Hills, MI 4 $ 14,153,000 $ 3,538,250 $ 0
Cedar Rapids, IA 3 $ 12,475,000 $ 4,158,333 $ 0
Cincinnati, OH-KY-IN 3 $ 9,565,000 $ 3,188,333 $ 0
Houston-The Woodlands-Sugar Land, TX 3 $ 10,615,000 $ 3,538,333 $ 0
Los Angeles-Long Beach-Glendale, CA 3 $ 6,900,000 $ 2,300,000 $ 0
Miami-Miami Beach-Kendall, FL 3 $ 11,700,000 $ 3,900,000 $ 0
Tampa-St. Petersburg-Clearwater, FL 3 $ 16,908,000 $ 5,636,000 $ 0
Baltimore-Columbia-Towson, MD 2 $ 12,885,000 $ 6,442,500 $ 0
Des Moines-West Des Moines, IA 2 $ 14,620,000 $ 7,310,000 $ 0
Flint, MI 2 $ 5,620,000 $ 2,810,000 $ 0
Greenville-Anderson-Mauldin, SC 2 $ 6,183,000 $ 3,091,500 $ 0
Indianapolis-Carmel-Anderson, IN 2 $ 8,850,000 $ 4,425,000 $ 0
Kansas City, MO-KS 2 $ 9,045,000 $ 4,522,500 $ 0
Lake County-Kenosha County, IL-WI 2 $ 9,150,000 $ 4,575,000 $ 0
Lincoln, NE 2 $ 3,660,000 $ 1,830,000 $ 0
Madison, WI 2 $ 11,335,000 $ 5,667,500 $ 0
Nashville-Davidson--Murfreesboro--Franklin, TN 2 $ 9,620,000 $ 4,810,000 $ 0
Sacramento--Roseville--Arden-Arcade, CA 2 $ 4,576,000 $ 2,288,000 $ 0
Virginia Beach-Norfolk-Newport News, VA-NC 2 $ 10,445,000 $ 5,222,500 $ 0
Amarillo, TX 1 $ 4,000,000 $ 4,000,000 $ 0
Austin-Round Rock, TX 1 $ 2,124,000 $ 2,124,000 $ 0
Beaumont-Port Arthur, TX 1 $ 2,702,000 $ 2,702,000 $ 0
Boulder, CO 1 $ 3,791,000 $ 3,791,000 $ 0
Charleston-North Charleston, SC 1 $ 1,560,000 $ 1,560,000 $ 0
Charlotte-Concord-Gastonia, NC-SC 1 $ 6,010,000 $ 6,010,000 $ 0
Detroit-Dearborn-Livonia, MI 1 $ 9,500,000 $ 9,500,000 $ 0
Elgin, IL 1 $ 5,354,000 $ 5,354,000 $ 0
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1 $ 2,430,000 $ 2,430,000 $ 0
Fort Wayne, IN 1 $ 2,075,000 $ 2,075,000 $ 0
Fort Worth-Arlington, TX 1 $ 1,095,000 $ 1,095,000 $ 0
Grand Junction, CO 1 $ 3,755,000 $ 3,755,000 $ 0
Grand Rapids-Wyoming, MI 1 $ 2,160,000 $ 2,160,000 $ 0
Jackson, MI 1 $ 2,385,000 $ 2,385,000 $ 0
Killeen-Temple, TX 1 $ 7,800,000 $ 7,800,000 $ 0
Knoxville, TN 1 $ 2,910,000 $ 2,910,000 $ 0
Lakeland-Winter Haven, FL 1 $ 5,200,000 $ 5,200,000 $ 0
Las Vegas-Henderson-Paradise, NV 1 $ 6,990,000 $ 6,990,000 $ 0
Lexington-Fayette, KY 1 $ 5,100,000 $ 5,100,000 $ 0
Macon, GA 1 $ 2,520,000 $ 2,520,000 $ 0
McAllen-Edinburg-Mission, TX 1 $ 5,075,000 $ 5,075,000 $ 0
Monroe, MI 1 $ 9,384,000 $ 9,384,000 $ 0
Muncie, IN 1 $ 4,100,000 $ 4,100,000 $ 0
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 1 $ 3,185,000 $ 3,185,000 $ 0
New Haven-Milford, CT 1 $ 8,197,000 $ 8,197,000 $ 0
New York-Jersey City-White Plains, NY-NJ 1 $ 2,113,000 $ 2,113,000 $ 0
Newark, NJ-PA 1 $ 1,291,000 $ 1,291,000 $ 0
Ocala, FL 1 $ 2,980,000 $ 2,980,000 $ 0
Ogden-Clearfield, UT 1 $ 5,300,000 $ 5,300,000 $ 0
Orlando-Kissimmee-Sanford, FL 1 $ 1,053,000 $ 1,053,000 $ 0
Philadelphia, PA 1 $ 5,000,000 $ 5,000,000 $ 0
Pittsburgh, PA 1 $ 4,320,000 $ 4,320,000 $ 0
Portland-Vancouver-Hillsboro, OR-WA 1 $ 6,300,000 $ 6,300,000 $ 0
Pueblo, CO 1 $ 2,414,000 $ 2,414,000 $ 0
Raleigh, NC 1 $ 9,100,000 $ 9,100,000 $ 0
Richmond, VA 1 $ 5,900,000 $ 5,900,000 $ 0
Saginaw, MI 1 $ 3,000,000 $ 3,000,000 $ 0
Salem, OR 1 $ 5,500,000 $ 5,500,000 $ 0
San Jose-Sunnyvale-Santa Clara, CA 1 $ 3,981,000 $ 3,981,000 $ 0
Savannah, GA 1 $ 3,464,000 $ 3,464,000 $ 0
Shreveport-Bossier City, LA 1 $ 2,500,000 $ 2,500,000 $ 0
Springfield, IL 1 $ 4,010,000 $ 4,010,000 $ 0
Springfield, MO 1 $ 2,320,000 $ 2,320,000 $ 0
Springfield, OH 1 $ 3,720,000 $ 3,720,000 $ 0
St. Louis, MO-IL 1 $ 5,140,000 $ 5,140,000 $ 0

Mortgage Loan Application Detail Totals for Pillar Multifamily, LLC in 2015

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 67 $262,042,000 $3,911,000 $9,840,000 $0 $0
Home Purchase 63 $272,717,000 $4,328,000 $9,950,000 $0 $0
Home Improvement 9 $24,195,000 $2,688,000 $7,700,000 $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 139 $558,954,000 $4,021,000 $9,950,000 $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) 139 $558,954,000 $4,021,000 $9,950,000 $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 131 $522,204,000 $3,986,000 $9,950,000 $0 $0
Application Denied By Financial Institution 8 $36,750,000 $4,593,000 $7,800,000 $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
Credit History 5 $27,880,000 $5,576,000 $7,800,000 $0 $0
Collateral 2 $6,170,000 $3,085,000 $5,075,000 $0 $0
Other 1 $2,700,000 $2,700,000 $2,700,000 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Pillar Multifamily, LLC's 2015 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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