Platinum Eagle Mortgage, LLC Mortgage Lending & HMDA Data, 2023

In 2023, Platinum Eagle Mortgage, LLC of Fort Washington, PA reported 119 mortgage applications totaling $39.4 million. The average application was for $331,302, and applicants reported an average income of $143,773. 50% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Dallas-Plano-Irving, TX (56), Fort Worth-Arlington, TX (18) and Sherman-Denison, TX (3) (applications in parentheses).

Mortgage Company & Address Platinum Eagle Mortgage, LLC

Fort Washington, PA 19034
Federal Regulator * available with data download
Years 2025  2024  2023  
Total Number of Mortgage Applications 119
Total Mortgage Loan Application Amount $39,425,000
Average Mortgage Loan Application Amount $331,302
Highest Mortgage Loan Application Amount $865,000
Average Applicant Income $143,773
Highest Applicant Income $387,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Platinum Eagle Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Platinum Eagle Mortgage, LLC in 2023

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 110 $37,290,000 $339,000 $865,000 $144,000 $387,000
Refinancing 5 $855,000 $171,000 $325,000 $133,000 $317,000
Cash-out Refinancing 4 $1,280,000 $320,000 $425,000 $151,000 $308,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 65 $21,505,000 $330,000 $865,000 $152,000 $387,000
Black or African American 21 $6,905,000 $328,000 $555,000 $136,000 $316,000
Hispanic 14 $4,170,000 $297,000 $705,000 $100,000 $226,000
Not Provided 13 $5,045,000 $388,000 $705,000 $181,000 $331,000
Asian 4 $1,030,000 $257,000 $375,000 $75,000 $89,000
American Indian or Alaskan Native 2 $770,000 $385,000 $425,000 $133,000 $151,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 88 $29,880,000 $339,000 $865,000 $155,000 $387,000
FHA-insured (Federal Housing Administration) 23 $7,195,000 $312,000 $535,000 $118,000 $294,000
VA-guaranteed (Veterans Administration) 5 $1,755,000 $351,000 $505,000 $100,000 $113,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $595,000 $198,000 $355,000 $81,000 $106,000

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 59 $18,145,000 $307,000 $625,000 $144,000 $387,000
Preapproval Approved but not Accepted 30 $10,740,000 $358,000 $755,000 $118,000 $341,000
Application Withdrawn By Applicant 20 $6,910,000 $345,000 $865,000 $191,000 $350,000
Application Denied By Financial Institution 6 $2,270,000 $378,000 $705,000 $123,000 $226,000
Preapproval Denied by Financial Institution 3 $985,000 $328,000 $365,000 $124,000 $208,000
File Closed For Incompleteness 1 $375,000 $375,000 $375,000 $120,000 $120,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The 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
Not applicable 110 $36,170,000 $328,000 $865,000 $145,000 $387,000
Debt-To-Income Ratio 7 $2,545,000 $363,000 $705,000 $115,000 $226,000
Employment History 1 $345,000 $345,000 $345,000 $100,000 $100,000
Credit Application Incomplete 1 $365,000 $365,000 $365,000 $208,000 $208,000
Credit History 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 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
Collateral 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Platinum Eagle Mortgage, LLC's 2023 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 Platinum Eagle Mortgage, 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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