Redwood Mortgage Corp. Mortgage Lending & HMDA Data, 2018
In 2018, Redwood Mortgage Corp. of San Mateo, CA reported 90 mortgage applications totaling $129.9 million, up 17% from 2017. The average application was for $1,443,000, and applicants reported an average income of $441,933. 36% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (23), San Francisco-Redwood City-South San Francisco, CA (20) and San Jose-Sunnyvale-Santa Clara, CA (12) (applications in parentheses).
| Mortgage Company & Address | Redwood Mortgage Corp. 177 Bovet Rd., Suite 520 San Mateo, CA 94402 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 90 |
| Total Mortgage Loan Application Amount | $129,870,000 |
| Average Mortgage Loan Application Amount | $1,443,000 |
| Highest Mortgage Loan Application Amount | $6,505,000 |
| Average Applicant Income | $441,933 |
| Highest Applicant Income | $5,208,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Redwood Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Redwood Mortgage Corp. in 2018
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 | 55 | $83,575,000 | $1,519,000 | $6,005,000 | $594,000 | $5,208,000 |
| Home Purchase | 24 | $35,560,000 | $1,481,000 | $6,505,000 | $197,000 | $470,000 |
| Home Improvement | 11 | $10,735,000 | $975,000 | $3,005,000 | $216,000 | $428,000 |
| Cash-out Refinancing | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 33 | $49,915,000 | $1,512,000 | $6,505,000 | $516,000 | $5,208,000 |
| Not applicable | 26 | $50,100,000 | $1,926,000 | $4,625,000 | $0 | $0 |
| White | 19 | $21,205,000 | $1,116,000 | $3,005,000 | $222,000 | $481,000 |
| Asian | 6 | $5,040,000 | $840,000 | $2,255,000 | $747,000 | $1,140,000 |
| Hispanic | 5 | $3,455,000 | $691,000 | $1,245,000 | $36,000 | $37,000 |
| Black or African American | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 90 | $129,870,000 | $1,443,000 | $6,505,000 | $423,000 | $5,208,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 35 | $50,875,000 | $1,453,000 | $6,505,000 | $509,000 | $5,208,000 |
| Loan Originated | 32 | $38,950,000 | $1,217,000 | $4,455,000 | $295,000 | $2,135,000 |
| Application Denied By Financial Institution | 21 | $38,905,000 | $1,852,000 | $6,005,000 | $432,000 | $2,509,000 |
| File Closed For Incompleteness | 2 | $1,140,000 | $570,000 | $985,000 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 69 | $90,965,000 | $1,318,000 | $6,505,000 | $421,000 | $5,208,000 |
| Collateral | 12 | $20,290,000 | $1,690,000 | $5,205,000 | $290,000 | $470,000 |
| Debt-To-Income Ratio | 5 | $6,345,000 | $1,269,000 | $3,005,000 | $246,000 | $384,000 |
| Unverifiable Information | 2 | $10,560,000 | $5,280,000 | $6,005,000 | $2,509,000 | $2,509,000 |
| Credit Application Incomplete | 1 | $1,155,000 | $1,155,000 | $1,155,000 | $240,000 | $240,000 |
| Other | 1 | $555,000 | $555,000 | $555,000 | $0 | $0 |
| Credit History | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Redwood Mortgage Corp.'s 2018 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 Redwood Mortgage Corp.'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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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