Resmac Inc Mortgage Lending & HMDA Data, 2023
In 2023, Resmac Inc of West Covina, CA reported 278 mortgage applications totaling $105.4 million. The average application was for $379,136, and applicants reported an average income of $195,784. 78% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Springfield, MO (43), Los Angeles-Long Beach-Glendale, CA (27) and Riverside-San Bernardino-Ontario, CA (22) (applications in parentheses).
| Mortgage Company & Address | Resmac Inc West Covina, CA 91792 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 278 |
| Total Mortgage Loan Application Amount | $105,400,000 |
| Average Mortgage Loan Application Amount | $379,136 |
| Highest Mortgage Loan Application Amount | $2,265,000 |
| Average Applicant Income | $195,784 |
| Highest Applicant Income | $1,901,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Resmac Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 73 | $ 13,785,000 | $ 188,835 | $ 66,410 |
| Springfield, MO | 43 | $ 9,605,000 | $ 223,372 | $ 121,000 |
| Los Angeles-Long Beach-Glendale, CA | 27 | $ 19,235,000 | $ 712,407 | $ 349,000 |
| Riverside-San Bernardino-Ontario, CA | 22 | $ 12,510,000 | $ 568,636 | $ 195,000 |
| Anaheim-Santa Ana-Irvine, CA | 17 | $ 15,155,000 | $ 891,470 | $ 565,000 |
| Jefferson City, MO | 13 | $ 1,545,000 | $ 118,846 | $ 101,000 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 5,325,000 | $ 409,615 | $ 180,000 |
| Newark, NJ-PA | 9 | $ 4,115,000 | $ 457,222 | $ 0 |
| St. Louis, MO-IL | 8 | $ 2,180,000 | $ 272,500 | $ 199,250 |
| Amarillo, TX | 5 | $ 995,000 | $ 199,000 | $ 65,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 2,040,000 | $ 510,000 | $ 202,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 475,000 | $ 158,333 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 270,000 | $ 135,000 | $ 11,000 |
| Boston, MA | 2 | $ 1,050,000 | $ 525,000 | $ 170,000 |
| Fresno, CA | 2 | $ 380,000 | $ 190,000 | $ 45,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 560,000 | $ 280,000 | $ 130,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,670,000 | $ 835,000 | $ 645,000 |
| San Antonio-New Braunfels, TX | 2 | $ 630,000 | $ 315,000 | $ 197,000 |
| San Diego-Carlsbad, CA | 2 | $ 2,030,000 | $ 1,015,000 | $ 232,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 940,000 | $ 470,000 | $ 125,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 640,000 | $ 320,000 | $ 199,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 1,690,000 | $ 845,000 | $ 96,000 |
| Bakersfield, CA | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Chicago-Naperville, IL | 1 | $ 95,000 | $ 95,000 | $ 90,000 |
| Dallas-Plano-Irving, TX | 1 | $ 235,000 | $ 235,000 | $ 532,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 665,000 | $ 665,000 | $ 224,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 435,000 | $ 435,000 | $ 105,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Joplin, MO | 1 | $ 345,000 | $ 345,000 | $ 134,000 |
| Kansas City, MO-KS | 1 | $ 415,000 | $ 415,000 | $ 307,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 1,015,000 | $ 1,015,000 | $ 987,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 925,000 | $ 925,000 | $ 206,000 |
| Panama City, FL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 315,000 | $ 315,000 | $ 97,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 955,000 | $ 955,000 | $ 255,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 965,000 | $ 965,000 | $ 286,000 |
| St. Joseph, MO-KS | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Trenton, NJ | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Washington-Baltimore-Arlington, DC | 1 | $ 65,000 | $ 65,000 | $ 1,239,000 |
| Yuma, AZ | 1 | $ 155,000 | $ 155,000 | $ 0 |
Mortgage Loan Application Detail Totals for Resmac Inc 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 | 208 | $74,590,000 | $358,000 | $2,255,000 | $170,000 | $1,901,000 |
| Cash-out Refinancing | 42 | $17,700,000 | $421,000 | $1,355,000 | $222,000 | $1,032,000 |
| Refinancing | 28 | $13,110,000 | $468,000 | $2,265,000 | $348,000 | $1,239,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 79 | $22,245,000 | $281,000 | $1,085,000 | $145,000 | $1,239,000 |
| White | 71 | $17,575,000 | $247,000 | $875,000 | $117,000 | $1,376,000 |
| Asian | 67 | $44,955,000 | $670,000 | $2,265,000 | $335,000 | $1,901,000 |
| Not Provided | 33 | $11,085,000 | $335,000 | $965,000 | $160,000 | $730,000 |
| Hispanic | 22 | $8,430,000 | $383,000 | $1,355,000 | $159,000 | $472,000 |
| Black or African American | 4 | $610,000 | $152,000 | $235,000 | $208,000 | $532,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $195,000 | $195,000 | $195,000 | $95,000 | $95,000 |
| American Indian or Alaskan Native | 1 | $305,000 | $305,000 | $305,000 | $124,000 | $124,000 |
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) | 178 | $84,750,000 | $476,000 | $2,265,000 | $265,000 | $1,901,000 |
| FHA-insured (Federal Housing Administration) | 59 | $12,205,000 | $206,000 | $525,000 | $78,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 23 | $5,635,000 | $245,000 | $695,000 | $77,000 | $158,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,810,000 | $156,000 | $225,000 | $67,000 | $96,000 |
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 | 218 | $72,230,000 | $331,000 | $2,265,000 | $165,000 | $1,901,000 |
| Application Denied By Financial Institution | 47 | $29,155,000 | $620,000 | $2,255,000 | $332,000 | $1,529,000 |
| Application Withdrawn By Applicant | 12 | $3,230,000 | $269,000 | $765,000 | $169,000 | $574,000 |
| Application Approved But Not Accepted | 1 | $785,000 | $785,000 | $785,000 | $659,000 | $659,000 |
| File Closed For Incompleteness | 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 | 231 | $76,245,000 | $330,000 | $2,265,000 | $167,000 | $1,901,000 |
| Credit History | 11 | $5,985,000 | $544,000 | $2,255,000 | $480,000 | $1,529,000 |
| Debt-To-Income Ratio | 7 | $3,645,000 | $520,000 | $975,000 | $137,000 | $268,000 |
| Collateral | 7 | $3,815,000 | $545,000 | $1,125,000 | $265,000 | $317,000 |
| Employment History | 6 | $5,230,000 | $871,000 | $1,325,000 | $384,000 | $773,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $3,485,000 | $697,000 | $1,085,000 | $387,000 | $637,000 |
| Credit Application Incomplete | 4 | $3,230,000 | $807,000 | $1,555,000 | $379,000 | $379,000 |
| Unverifiable Information | 4 | $2,540,000 | $635,000 | $1,055,000 | $340,000 | $637,000 |
| Other | 3 | $1,225,000 | $408,000 | $605,000 | $173,000 | $216,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Resmac Inc'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 Resmac 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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