Quick Loan Funding Inc Mortgage Lending & HMDA Data, 2004

In 2004, Quick Loan Funding Inc of Costa Mesa, CA reported 3,152 mortgage applications totaling $811.6 million, up 16% from 2003. The average application was for $257,472, and applicants reported an average income of $84,143. 71% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (983), Riverside-San Bernardino-Ontario, CA (959) and San Diego-Carlsbad-San Marcos, CA (296) (applications in parentheses).

Mortgage Company & Address Quick Loan Funding Inc
535 Anton Blvd, Suite 600
Costa Mesa, CA 92626
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 3,152
Total Mortgage Loan Application Amount $811,554,000
Average Mortgage Loan Application Amount $257,472
Highest Mortgage Loan Application Amount $1,195,000
Average Applicant Income $84,143
Highest Applicant Income $810,000

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(HMDA) records Quick Loan Funding Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Quick Loan Funding Inc by County in 2004

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 983 $ 249,969,000 $ 254,291 $ 91,000
San Bernardino, California 509 $ 95,369,000 $ 187,365 $ 73,000
Riverside, California 450 $ 106,892,000 $ 237,537 $ 88,000
San Diego, California 296 $ 92,151,000 $ 311,320 $ 83,000
Orange, California 236 $ 88,215,000 $ 373,792 $ 135,000
Contra Costa, California 51 $ 16,466,000 $ 322,862 $ 94,000
Ventura, California 43 $ 13,765,000 $ 320,116 $ 123,000
Santa Clara, California 42 $ 17,888,000 $ 425,904 $ 100,000
Clark, Nevada 42 $ 10,202,000 $ 242,904 $ 98,000
Alameda, California 39 $ 14,293,000 $ 366,487 $ 156,000
Kern, California 37 $ 5,579,000 $ 150,783 $ 73,000
Sacramento, California 35 $ 9,292,000 $ 265,485 $ 59,000
San Joaquin, California 27 $ 7,630,000 $ 282,592 $ 103,000
Solano, California 27 $ 8,614,000 $ 319,037 $ 98,000
Honolulu, Hawaii 23 $ 7,470,000 $ 324,782 $ 147,000
Denver, Colorado 16 $ 3,108,000 $ 194,250 $ 65,000
Broward, Florida 16 $ 3,112,000 $ 194,500 $ 58,000
Imperial, California 13 $ 1,741,000 $ 133,923 $ 68,000
Sonoma, California 13 $ 3,687,000 $ 283,615 $ 85,000
Miami-Dade, Florida 13 $ 2,334,000 $ 179,538 $ 72,000
San Francisco, California 9 $ 5,831,000 $ 647,888 $ 148,000
Arapahoe, Colorado 9 $ 2,072,000 $ 230,222 $ 89,000
San Mateo, California 8 $ 3,765,000 $ 470,625 $ 104,000
Orange, Florida 8 $ 648,000 $ 81,000 $ 49,000
Hawaii, Hawaii 8 $ 1,650,000 $ 206,250 $ 62,000
Adams, Colorado 7 $ 949,000 $ 135,571 $ 93,000
Santa Barbara, California 6 $ 1,948,000 $ 324,666 $ 74,000
Merced, California 5 $ 1,149,000 $ 229,800 $ 58,000
San Luis Obispo, California 5 $ 1,615,000 $ 323,000 $ 86,000
Tulare, California 5 $ 1,042,000 $ 208,400 $ 54,000
Jefferson, Colorado 5 $ 1,207,000 $ 241,400 $ 67,000
Seminole, Florida 5 $ 828,000 $ 165,600 $ 77,000
Volusia, Florida 5 $ 736,000 $ 147,200 $ 74,000
Washoe, Nevada 5 $ 824,000 $ 164,800 $ 57,000
Maricopa, Arizona 3 $ 610,000 $ 203,333 $ 95,000
Marin, California 3 $ 1,395,000 $ 465,000 $ 128,000
Monterey, California 3 $ 944,000 $ 314,666 $ 128,000
Napa, California 3 $ 1,532,000 $ 510,666 $ 137,000
Santa Cruz, California 3 $ 1,377,000 $ 459,000 $ 113,000
Siskiyou, California 3 $ 394,000 $ 131,333 $ 37,000
Stanislaus, California 3 $ 510,000 $ 170,000 $ 57,000
Chaffee, Colorado 3 $ 1,262,000 $ 420,666 $ 163,000
Gunnison, Colorado 3 $ 694,000 $ 231,333 $ 110,000
Larimer, Colorado 3 $ 504,000 $ 168,000 $ 37,000
Brevard, Florida 3 $ 282,000 $ 94,000 $ 40,000
Flagler, Florida 3 $ 385,000 $ 128,333 $ 37,000
Maui, Hawaii 3 $ 930,000 $ 310,000 $ 162,000
Webster, Missouri 3 $ 152,000 $ 50,666 $ 73,000
Nye, Nevada 3 $ 486,000 $ 162,000 $ 54,000
Jefferson, Alabama 2 $ 166,000 $ 83,000 $ 108,000
Butte, California 2 $ 299,000 $ 149,500 $ 50,000
El Dorado, California 2 $ 268,000 $ 134,000 $ 45,000
Fresno, California 2 $ 392,000 $ 196,000 $ 72,000
Lake, California 2 $ 329,000 $ 164,500 $ 32,000
Lassen, California 2 $ 151,000 $ 75,500 $ 78,000
Mendocino, California 2 $ 616,000 $ 308,000 $ 76,000
San Benito, California 2 $ 718,000 $ 359,000 $ 94,000
Tuolumne, California 2 $ 281,000 $ 140,500 $ 55,000
Yolo, California 2 $ 443,000 $ 221,500 $ 79,000
Weld, Colorado 2 $ 294,000 $ 147,000 $ 74,000
Alachua, Florida 2 $ 279,000 $ 139,500 $ 38,000
Hillsborough, Florida 2 $ 157,000 $ 78,500 $ 28,000
Lake, Florida 2 $ 260,000 $ 130,000 $ 59,000
Marion, Florida 2 $ 317,000 $ 158,500 $ 38,000
Osceola, Florida 2 $ 254,000 $ 127,000 $ 37,000
Gwinnett, Georgia 2 $ 281,000 $ 140,500 $ 44,000
Cole, Missouri 2 $ 103,000 $ 51,500 $ 23,000
Middlesex, New Jersey 2 $ 955,000 $ 477,500 $ 130,000
Virginia Beach, Virginia 2 $ 400,000 $ 200,000 $ 70,000
Clark, Washington 2 $ 174,000 $ 87,000 $ 56,000
King, Washington 2 $ 332,000 $ 166,000 $ 63,000
DeKalb, Alabama 1 $ 139,000 $ 139,000 $ 48,000
Pinal, Arizona 1 $ 79,000 $ 79,000 $ 30,000
Amador, California 1 $ 312,000 $ 312,000 $ 63,000
Humboldt, California 1 $ 111,000 $ 111,000 $ 36,000
Kings, California 1 $ 124,000 $ 124,000 $ 31,000
Madera, California 1 $ 100,000 $ 100,000 $ 21,000
Shasta, California 1 $ 156,000 $ 156,000 $ 42,000
Boulder, Colorado 1 $ 382,000 $ 382,000 $ 82,000
Clear Creek, Colorado 1 $ 76,000 $ 76,000 $ 48,000
Delta, Colorado 1 $ 105,000 $ 105,000 $ 38,000
Elbert, Colorado 1 $ 266,000 $ 266,000 $ 113,000
Gilpin, Colorado 1 $ 391,000 $ 391,000 $ 96,000
Logan, Colorado 1 $ 70,000 $ 70,000 $ 72,000
Montezuma, Colorado 1 $ 221,000 $ 221,000 $ 62,000
Park, Colorado 1 $ 190,000 $ 190,000 $ 40,000
Routt, Colorado 1 $ 175,000 $ 175,000 $ 70,000
Hamilton, Florida 1 $ 84,000 $ 84,000 $ 24,000
Palm Beach, Florida 1 $ 123,000 $ 123,000 $ 61,000
Pasco, Florida 1 $ 66,000 $ 66,000 $ 33,000
Pinellas, Florida 1 $ 123,000 $ 123,000 $ 70,000
Polk, Florida 1 $ 143,000 $ 143,000 $ 42,000
Putnam, Florida 1 $ 48,000 $ 48,000 $ 24,000
Cobb, Georgia 1 $ 272,000 $ 272,000 $ 70,000
Fulton, Georgia 1 $ 309,000 $ 309,000 $ 89,000
Cook, Illinois 1 $ 89,000 $ 89,000 $ 120,000
DuPage, Illinois 1 $ 77,000 $ 77,000 $ 18,000
Wayne, Indiana 1 $ 87,000 $ 87,000 $ 24,000
Lincoln, Maine 1 $ 74,000 $ 74,000 $ 21,000
Macomb, Michigan 1 $ 152,000 $ 152,000 $ 54,000
St. Louis, Minnesota 1 $ 83,000 $ 83,000 $ 24,000
Callaway, Missouri 1 $ 117,000 $ 117,000 $ 64,000
Washington, Missouri 1 $ 66,000 $ 66,000 $ 19,000
Lyon, Nevada 1 $ 59,000 $ 59,000 $ 17,000
Carroll, New Hampshire 1 $ 155,000 $ 155,000 $ 98,000
Dona Ana, New Mexico 1 $ 99,000 $ 99,000 $ 46,000
Mecklenburg, North Carolina 1 $ 154,000 $ 154,000 $ 66,000
Montgomery, Ohio 1 $ 560,000 $ 560,000 $ 120,000
Deschutes, Oregon 1 $ 158,000 $ 158,000 $ 33,000
Jackson, Oregon 1 $ 157,000 $ 157,000 $ 77,000
Multnomah, Oregon 1 $ 147,000 $ 147,000 $ 54,000
Bucks, Pennsylvania 1 $ 106,000 $ 106,000 $ 41,000
Greene, Pennsylvania 1 $ 102,000 $ 102,000 $ 77,000
Lehigh, Pennsylvania 1 $ 100,000 $ 100,000 $ 49,000
Providence, Rhode Island 1 $ 169,000 $ 169,000 $ 55,000
Fairfax, Virginia 1 $ 150,000 $ 150,000 $ 77,000
Mecklenburg, Virginia 1 $ 116,000 $ 116,000 $ 54,000
Prince William, Virginia 1 $ 172,000 $ 172,000 $ 58,000
Smyth, Virginia 1 $ 80,000 $ 80,000 $ 19,000
Clallam, Washington 1 $ 248,000 $ 248,000 $ 110,000
Mason, Washington 1 $ 153,000 $ 153,000 $ 36,000
Milwaukee, Wisconsin 1 $ 102,000 $ 102,000 $ 32,000
Racine, Wisconsin 1 $ 132,000 $ 132,000 $ 60,000
Big Horn, Wyoming 1 $ 46,000 $ 46,000 $ 28,000

Mortgage Loan Application Detail Totals for Quick Loan Funding Inc in 2004

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 2,948 $758,814,000 $175,384 $1,195,000 $64,076 $810,000
Home Purchase 204 $52,740,000 $173,636 $1,173,000 $95,727 $702,000
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
Not Provided 1,453 $364,975,000 $197,142 $1,173,000 $76,666 $810,000
White 743 $193,856,000 $163,875 $1,195,000 $68,375 $702,000
Hispanic 430 $107,861,000 $264,000 $720,000 $80,714 $340,000
Black or African American 348 $90,935,000 $218,333 $1,075,000 $85,666 $416,000
Asian 123 $39,398,000 $183,166 $1,195,000 $57,166 $420,000
Native Hawaiian or Other Pacific Islander 54 $14,278,000 $246,833 $765,000 $79,500 $259,000
American Indian or Alaskan Native 1 $251,000 $251,000 $251,000 $76,000 $76,000
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) 3,152 $811,554,000 $177,592 $1,195,000 $66,333 $810,000
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 2,246 $590,876,000 $196,545 $1,195,000 $80,636 $702,000
Application Approved But Not Accepted 484 $116,912,000 $208,285 $1,170,000 $96,642 $810,000
File Closed For Incompleteness 141 $38,447,000 $234,571 $900,000 $70,142 $273,000
Loan Purchased By The Institution 137 $33,177,000 $179,181 $938,000 $65,636 $600,000
Application Withdrawn By Applicant 100 $22,810,000 $180,600 $840,000 $69,466 $474,000
Application Denied By Financial Institution 44 $9,332,000 $162,333 $528,000 $51,333 $240,000
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
Other 13 $2,841,000 $171,500 $500,000 $61,500 $101,000
Credit History 8 $1,614,000 $182,000 $450,000 $59,500 $240,000
Insufficient Cash (Downpayment, Closing Cost) 5 $932,000 $186,000 $354,000 $79,000 $121,000
Unverifiable Information 2 $683,000 $341,000 $528,000 $99,000 $138,000
Collateral 1 $50,000 $50,000 $50,000 $33,000 $33,000
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
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Quick Loan Funding Inc's 2004 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 Quick Loan Funding 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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