AllMortgageDetail - Mortgage Application Details

Pinnacle Capital Mortgage Corp
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Pinnacle Capital Mortgage Corp
3010 Lava Ridge Court Suite 210
Roseville, CA 95661
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  
Total Number of Mortgage Applications 34,971
Total Mortgage Loan Application Amount $9,278,018,000
Average Mortgage Loan Application Amount $211,439
Highest Mortgage Loan Application Amount $3,100,000
Average Applicant Income $89,420
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Pinnacle Capital Mortgage Corp 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
Home Purchase 42,192 $10,105,209,000 $239,000 $19,500,000 $83,000 $9,999,000
Refinancing 9,810 $2,718,425,000 $277,000 $3,100,000 $101,000 $4,015,000
Home Improvement 5,218 $1,416,626,000 $271,000 $2,118,000 $98,000 $1,655,000

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 33,688 $8,589,757,000 $254,000 $19,500,000 $95,000 $9,999,000
Not Provided 9,804 $2,318,201,000 $236,000 $2,663,000 $73,000 $2,880,000
Hispanic 8,020 $1,736,074,000 $216,000 $1,679,000 $66,000 $1,104,000
Asian 3,152 $967,067,000 $306,000 $2,000,000 $107,000 $3,860,000
Black or African American 1,685 $406,087,000 $241,000 $1,058,000 $79,000 $1,920,000
Native Hawaiin or Other Pacific Islander 563 $149,287,000 $265,000 $910,000 $87,000 $2,165,000
American Indian or Alaskan Native 292 $70,504,000 $241,000 $1,449,000 $89,000 $920,000
Not applicable 16 $3,283,000 $205,000 $384,000 $43,000 $190,000

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) 35,302 $9,312,691,000 $263,000 $19,500,000 $101,000 $9,999,000
FHA-insured (Federal Housing Administration) 16,114 $3,502,545,000 $217,000 $1,679,000 $65,000 $2,880,000
VA-guaranteed (Veterans Administration) 4,026 $1,092,725,000 $271,000 $1,388,000 $76,000 $1,068,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,778 $332,299,000 $186,000 $515,000 $51,000 $332,000

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
Loan Originated 21,547 $5,740,356,000 $266,000 $2,500,000 $100,000 $3,388,000
File Closed For Incompleteness 16,226 $3,884,422,000 $239,000 $19,500,000 $79,000 $9,630,000
Application Denied By Financial Institution 10,240 $2,369,458,000 $231,000 $3,100,000 $76,000 $3,860,000
Application Withdrawn By Applicant 6,283 $1,625,171,000 $258,000 $2,663,000 $93,000 $9,999,000
Application Approved But Not Accepted 2,741 $570,955,000 $208,000 $2,000,000 $66,000 $4,015,000
Preapproval Denied by Financial Institution 113 $29,391,000 $260,000 $1,020,000 $84,000 $581,000
Preapproval Approved but not Accepted 59 $17,768,000 $301,000 $1,449,000 $81,000 $300,000
Loan Purchased By The Institution 11 $2,739,000 $249,000 $547,000 $119,000 $445,000

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 4,184 $897,727,000 $214,000 $1,670,000 $65,000 $1,423,000
Other 2,575 $635,702,000 $246,000 $3,100,000 $92,000 $3,184,000
Debt-To-Income Ratio 1,267 $306,649,000 $242,000 $1,560,000 $73,000 $3,860,000
Credit Application Incomplete 558 $130,896,000 $234,000 $1,310,000 $84,000 $1,140,000
Collateral 525 $134,256,000 $255,000 $2,200,000 $96,000 $594,000
Insufficient Cash (Downpayment, Closing Cost) 375 $89,534,000 $238,000 $1,080,000 $65,000 $281,000
Unverifiable Information 220 $50,339,000 $228,000 $925,000 $86,000 $1,308,000
Employment History 172 $40,821,000 $237,000 $700,000 $62,000 $207,000
Mortgage Insurance Denied 16 $3,744,000 $234,000 $378,000 $64,000 $159,000