Pinnacle Mortgage Group, Inc. Mortgage Lending & HMDA Data, 2014
In 2014, Pinnacle Mortgage Group, Inc. of Lakewood, CO reported 1,038 mortgage applications totaling $270.2 million, down 77% from 2013. The average application was for $260,338, and applicants reported an average income of $103,206. 52% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (507), Anaheim-Santa Ana-Irvine, CA (103) and Riverside-San Bernardino-Ontario, CA (61) (applications in parentheses).
| Mortgage Company & Address | Pinnacle Mortgage Group, Inc. 3605 South Teller St Lakewood, CO 80235 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,038 |
| Total Mortgage Loan Application Amount | $270,231,000 |
| Average Mortgage Loan Application Amount | $260,338 |
| Highest Mortgage Loan Application Amount | $1,302,000 |
| Average Applicant Income | $103,206 |
| Highest Applicant Income | $911,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Pinnacle Mortgage Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Denver-Aurora-Lakewood, CO | 507 | $ 109,493,000 | $ 215,962 | $ 88,000 |
| Anaheim-Santa Ana-Irvine, CA | 103 | $ 46,953,000 | $ 455,854 | $ 166,000 |
| Riverside-San Bernardino-Ontario, CA | 61 | $ 13,758,000 | $ 225,540 | $ 92,000 |
| Los Angeles-Long Beach-Glendale, CA | 60 | $ 21,361,000 | $ 356,016 | $ 122,000 |
| San Diego-Carlsbad, CA | 31 | $ 10,530,000 | $ 339,677 | $ 110,000 |
| Colorado Springs, CO | 22 | $ 3,853,000 | $ 175,136 | $ 79,000 |
| Oakland-Hayward-Berkeley, CA | 20 | $ 9,848,000 | $ 492,400 | $ 138,000 |
| Greeley, CO | 19 | $ 3,531,000 | $ 185,842 | $ 68,000 |
| Boulder, CO | 18 | $ 5,198,000 | $ 288,777 | $ 112,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 14 | $ 3,525,000 | $ 251,785 | $ 83,000 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 3,018,000 | $ 232,153 | $ 149,000 |
| Fort Collins, CO | 9 | $ 1,945,000 | $ 216,111 | $ 120,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 3,500,000 | $ 437,500 | $ 116,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 1,987,000 | $ 331,166 | $ 223,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 6 | $ 1,611,000 | $ 268,500 | $ 113,000 |
| Bakersfield, CA | 5 | $ 769,000 | $ 153,800 | $ 46,000 |
| Odessa, TX | 5 | $ 834,000 | $ 166,800 | $ 59,000 |
| Midland, TX | 4 | $ 883,000 | $ 220,750 | $ 72,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 1,712,000 | $ 428,000 | $ 159,000 |
| Chico, CA | 3 | $ 376,000 | $ 125,333 | $ 53,000 |
| Flagstaff, AZ | 3 | $ 612,000 | $ 204,000 | $ 99,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 773,000 | $ 257,666 | $ 162,000 |
| Madera, CA | 3 | $ 470,000 | $ 156,666 | $ 75,000 |
| Modesto, CA | 3 | $ 377,000 | $ 125,666 | $ 59,000 |
| Pueblo, CO | 3 | $ 344,000 | $ 114,666 | $ 66,000 |
| Redding, CA | 3 | $ 573,000 | $ 191,000 | $ 68,000 |
| Stockton-Lodi, CA | 3 | $ 619,000 | $ 206,333 | $ 49,000 |
| Tucson, AZ | 3 | $ 499,000 | $ 166,333 | $ 59,000 |
| Vallejo-Fairfield, CA | 3 | $ 696,000 | $ 232,000 | $ 82,000 |
| Visalia-Porterville, CA | 3 | $ 534,000 | $ 178,000 | $ 85,000 |
| Dallas-Plano-Irving, TX | 2 | $ 525,000 | $ 262,500 | $ 157,000 |
| Grand Junction, CO | 2 | $ 339,000 | $ 169,500 | $ 70,000 |
| Napa, CA | 2 | $ 812,000 | $ 406,000 | $ 117,000 |
| Prescott, AZ | 2 | $ 248,000 | $ 124,000 | $ 67,000 |
| Salinas, CA | 2 | $ 784,000 | $ 392,000 | $ 97,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,475,000 | $ 737,500 | $ 348,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 855,000 | $ 427,500 | $ 77,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 469,000 | $ 234,500 | $ 96,000 |
| Tacoma-Lakewood, WA | 2 | $ 348,000 | $ 174,000 | $ 119,000 |
| Albany, OR | 1 | $ 116,000 | $ 116,000 | $ 44,000 |
| Amarillo, TX | 1 | $ 109,000 | $ 109,000 | $ 30,000 |
| Bend-Redmond, OR | 1 | $ 176,000 | $ 176,000 | $ 36,000 |
| College Station-Bryan, TX | 1 | $ 132,000 | $ 132,000 | $ 280,000 |
| Eugene, OR | 1 | $ 100,000 | $ 100,000 | $ 80,000 |
| Fort Worth-Arlington, TX | 1 | $ 112,000 | $ 112,000 | $ 125,000 |
| Fresno, CA | 1 | $ 188,000 | $ 188,000 | $ 121,000 |
| Hanford-Corcoran, CA | 1 | $ 228,000 | $ 228,000 | $ 119,000 |
| Laredo, TX | 1 | $ 173,000 | $ 173,000 | $ 78,000 |
| Longview, TX | 1 | $ 132,000 | $ 132,000 | $ 57,000 |
| Merced, CA | 1 | $ 143,000 | $ 143,000 | $ 54,000 |
| Olympia-Tumwater, WA | 1 | $ 124,000 | $ 124,000 | $ 171,000 |
| Salem, OR | 1 | $ 120,000 | $ 120,000 | $ 28,000 |
| San Antonio-New Braunfels, TX | 1 | $ 103,000 | $ 103,000 | $ 18,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 1,070,000 | $ 1,070,000 | $ 270,000 |
| Spokane-Spokane Valley, WA | 1 | $ 464,000 | $ 464,000 | $ 198,000 |
| Tyler, TX | 1 | $ 154,000 | $ 154,000 | $ 56,000 |
| Wenatchee, WA | 1 | $ 289,000 | $ 289,000 | $ 120,000 |
| Yuba City, CA | 1 | $ 169,000 | $ 169,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Pinnacle Mortgage Group, Inc. 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 | 626 | $163,553,000 | $261,000 | $1,299,000 | $104,000 | $749,000 |
| Refinancing | 412 | $106,678,000 | $258,000 | $1,302,000 | $102,000 | $911,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| White | 765 | $200,143,000 | $261,000 | $1,302,000 | $106,000 | $911,000 |
| Hispanic | 114 | $25,668,000 | $225,000 | $788,000 | $87,000 | $840,000 |
| Not Provided | 70 | $17,106,000 | $244,000 | $641,000 | $99,000 | $361,000 |
| Asian | 56 | $18,638,000 | $332,000 | $952,000 | $120,000 | $318,000 |
| Black or African American | 23 | $5,186,000 | $225,000 | $465,000 | $68,000 | $214,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,021,000 | $336,000 | $599,000 | $87,000 | $147,000 |
| American Indian or Alaskan Native | 4 | $1,469,000 | $367,000 | $448,000 | $91,000 | $150,000 |
| 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) | 778 | $204,529,000 | $262,000 | $1,302,000 | $112,000 | $911,000 |
| FHA-insured (Federal Housing Administration) | 207 | $50,227,000 | $242,000 | $636,000 | $79,000 | $467,000 |
| VA-guaranteed (Veterans Administration) | 49 | $14,856,000 | $303,000 | $721,000 | $75,000 | $286,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $619,000 | $154,000 | $214,000 | $57,000 | $86,000 |
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 | 542 | $140,620,000 | $259,000 | $952,000 | $103,000 | $911,000 |
| Application Withdrawn By Applicant | 385 | $101,446,000 | $263,000 | $1,299,000 | $104,000 | $600,000 |
| Application Denied By Financial Institution | 57 | $12,195,000 | $213,000 | $444,000 | $86,000 | $224,000 |
| Application Approved But Not Accepted | 28 | $7,792,000 | $278,000 | $825,000 | $97,000 | $247,000 |
| File Closed For Incompleteness | 26 | $8,178,000 | $314,000 | $1,302,000 | $145,000 | $840,000 |
| 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 | 17 | $3,818,000 | $224,000 | $444,000 | $79,000 | $189,000 |
| Collateral | 15 | $2,923,000 | $194,000 | $339,000 | $94,000 | $194,000 |
| Debt-To-Income Ratio | 11 | $2,354,000 | $214,000 | $265,000 | $72,000 | $224,000 |
| Other | 7 | $1,264,000 | $180,000 | $403,000 | $116,000 | $197,000 |
| Unverifiable Information | 3 | $625,000 | $208,000 | $320,000 | $70,000 | $91,000 |
| Employment History | 2 | $692,000 | $346,000 | $369,000 | $77,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $519,000 | $259,000 | $354,000 | $94,000 | $118,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Pinnacle Mortgage Group, Inc.'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 Pinnacle Mortgage Group, Inc.'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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