Simplifi Mortgage, LLC Mortgage Lending & HMDA Data, 2024

In 2024, Simplifi Mortgage, LLC of Las Vegas, NV reported 24 mortgage applications totaling $20.1 million, down 51% from 2023. The average application was for $835,416, and applicants reported an average income of $501,500. 46% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (20), Anaheim-Santa Ana-Irvine, CA (1) and Los Angeles-Long Beach-Glendale, CA (1) (applications in parentheses).

Mortgage Company & Address Simplifi Mortgage, LLC
3900 S Hualapai Way Suite 118
Las Vegas, NV 89117
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  
Total Number of Mortgage Applications 24
Total Mortgage Loan Application Amount $20,050,000
Average Mortgage Loan Application Amount $835,416
Highest Mortgage Loan Application Amount $3,415,000
Average Applicant Income $501,500
Highest Applicant Income $3,600,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Simplifi Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Simplifi Mortgage, LLC in 2024

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 14 $13,510,000 $965,000 $3,415,000 $313,000 $1,127,000
Refinancing 6 $4,260,000 $710,000 $1,895,000 $303,000 $699,000
Cash-out Refinancing 4 $2,280,000 $570,000 $1,125,000 $1,459,000 $3,600,000
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 20 $17,310,000 $865,000 $3,415,000 $538,000 $3,600,000
Black or African American 2 $2,310,000 $1,155,000 $2,105,000 $545,000 $839,000
Hispanic 1 $175,000 $175,000 $175,000 $92,000 $92,000
Asian 1 $255,000 $255,000 $255,000 $82,000 $82,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 23 $19,565,000 $850,000 $3,415,000 $511,000 $3,600,000
FHA-insured (Federal Housing Administration) 1 $485,000 $485,000 $485,000 $287,000 $287,000
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 Withdrawn By Applicant 13 $12,675,000 $975,000 $3,415,000 $664,000 $3,600,000
Loan Originated 11 $7,375,000 $670,000 $2,005,000 $310,000 $1,127,000
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
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Application 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 24 $20,050,000 $835,000 $3,415,000 $501,000 $3,600,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Simplifi Mortgage, LLC's 2024 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 Simplifi 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.
For a list of all lenders in Nevada, download the full spreadsheet with aggregated HMDA statistics today.

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