AllMortgageDetail - Mortgage Application Details

Prospect Mortgage Llc
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Prospect Mortgage Llc
15301 Ventura Blvd Suite D300
Sherman Oaks, CA 91403
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  
Total Number of Mortgage Applications 37,188
Total Mortgage Loan Application Amount $10,419,763,000
Average Mortgage Loan Application Amount $174,496
Highest Mortgage Loan Application Amount $81,270,000
Average Applicant Income $72,317
Highest Applicant Income $4,995,000

Mortgage Loan Application Detail Totals for Prospect Mortgage 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
Home Purchase 28,239 $7,540,775,000 $267,000 $81,270,000 $90,000 $4,995,000
Refinancing 8,464 $2,726,980,000 $322,000 $21,184,000 $93,000 $4,113,000
Home Improvement 506 $159,086,000 $314,000 $2,600,000 $69,000 $1,050,000

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 21,672 $6,159,471,000 $284,000 $81,270,000 $97,000 $4,995,000
Hispanic 5,186 $1,115,960,000 $215,000 $2,500,000 $62,000 $1,036,000
Not Provided 4,854 $1,674,321,000 $344,000 $21,184,000 $100,000 $4,031,000
Asian 2,687 $890,882,000 $331,000 $4,000,000 $99,000 $1,544,000
Black or African American 2,584 $523,258,000 $202,000 $1,125,000 $66,000 $3,197,000
Native Hawaiin or Other Pacific Islander 169 $48,789,000 $288,000 $631,000 $91,000 $676,000
American Indian or Alaskan Native 57 $14,160,000 $248,000 $646,000 $74,000 $323,000
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) 24,650 $7,634,116,000 $309,000 $81,270,000 $104,000 $4,995,000
FHA-insured (Federal Housing Administration) 10,349 $2,184,596,000 $211,000 $980,000 $61,000 $858,000
VA-guaranteed (Veterans Administration) 1,701 $522,710,000 $307,000 $1,276,000 $78,000 $832,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 509 $85,419,000 $167,000 $485,000 $49,000 $119,000

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 23,416 $6,479,677,000 $276,000 $4,000,000 $109,000 $4,995,000
Application Denied By Financial Institution 7,132 $2,164,155,000 $303,000 $81,270,000 $84,000 $4,113,000
Application Withdrawn By Applicant 4,232 $1,231,234,000 $290,000 $4,000,000 $0 $0
Loan Purchased By The Institution 2,117 $463,607,000 $218,000 $877,000 $90,000 $2,045,000
File Closed For Incompleteness 159 $47,019,000 $295,000 $1,520,000 $38,000 $905,000
Application Approved But Not Accepted 153 $41,149,000 $268,000 $1,512,000 $115,000 $1,000,000
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
Collateral 0 $0 $0 $0 $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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0