Specialized Loan Servicing LLC Mortgage Lending & HMDA Data, 2022
In 2022, Specialized Loan Servicing LLC of Wilmington, DE reported 482 mortgage applications totaling $99.6 million, down 57% from 2021. The average application was for $206,659, and applicants reported an average income of $85,819. 2% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (116), Detroit-Dearborn-Livonia, MI (51) and Houston-The Woodlands-Sugar Land, TX (48) (applications in parentheses).
| Mortgage Company & Address | Specialized Loan Servicing LLC 6200 S Quebec St Wilmington, DE 80111 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 482 |
| Total Mortgage Loan Application Amount | $99,610,000 |
| Average Mortgage Loan Application Amount | $206,659 |
| Highest Mortgage Loan Application Amount | $785,000 |
| Average Applicant Income | $85,819 |
| Highest Applicant Income | $150,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Specialized Loan Servicing LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 116 | $ 22,000,000 | $ 189,655 | $ 0 |
| Detroit-Dearborn-Livonia, MI | 51 | $ 7,895,000 | $ 154,803 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 48 | $ 8,400,000 | $ 175,000 | $ 0 |
| Dallas-Plano-Irving, TX | 42 | $ 11,010,000 | $ 262,142 | $ 0 |
| Outside any metro area | 36 | $ 6,980,000 | $ 193,888 | $ 71,666 |
| Grand Rapids-Wyoming, MI | 17 | $ 2,225,000 | $ 130,882 | $ 0 |
| Jackson, MI | 16 | $ 1,900,000 | $ 118,750 | $ 0 |
| Muskegon, MI | 13 | $ 1,745,000 | $ 134,230 | $ 0 |
| Austin-Round Rock, TX | 11 | $ 2,725,000 | $ 247,727 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 11 | $ 4,365,000 | $ 396,818 | $ 0 |
| Fort Worth-Arlington, TX | 8 | $ 1,800,000 | $ 225,000 | $ 0 |
| Kalamazoo-Portage, MI | 8 | $ 1,180,000 | $ 147,500 | $ 0 |
| Lansing-East Lansing, MI | 8 | $ 1,270,000 | $ 158,750 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 8 | $ 2,010,000 | $ 251,250 | $ 0 |
| Ann Arbor, MI | 7 | $ 925,000 | $ 132,142 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 1,970,000 | $ 328,333 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 2,105,000 | $ 421,000 | $ 0 |
| Battle Creek, MI | 4 | $ 300,000 | $ 75,000 | $ 0 |
| Flint, MI | 4 | $ 840,000 | $ 210,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 4 | $ 1,580,000 | $ 395,000 | $ 0 |
| Salinas, CA | 4 | $ 1,290,000 | $ 322,500 | $ 0 |
| San Diego-Carlsbad, CA | 4 | $ 1,000,000 | $ 250,000 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,325,000 | $ 441,666 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 515,000 | $ 171,666 | $ 92,000 |
| San Antonio-New Braunfels, TX | 3 | $ 425,000 | $ 141,666 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 785,000 | $ 261,666 | $ 80,000 |
| Amarillo, TX | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 720,000 | $ 360,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 360,000 | $ 180,000 | $ 93,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 820,000 | $ 410,000 | $ 107,000 |
| Newark, NJ-PA | 2 | $ 590,000 | $ 295,000 | $ 109,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 730,000 | $ 365,000 | $ 92,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 750,000 | $ 375,000 | $ 0 |
| Vallejo-Fairfield, CA | 2 | $ 590,000 | $ 295,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 740,000 | $ 370,000 | $ 85,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 235,000 | $ 235,000 | $ 104,000 |
| Cleveland, TN | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 205,000 | $ 205,000 | $ 94,000 |
| Lakeland-Winter Haven, FL | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Longview, TX | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Lubbock, TX | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Midland, MI | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Modesto, CA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Monroe, MI | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Prescott Valley-Prescott, AZ | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Raleigh, NC | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 415,000 | $ 415,000 | $ 0 |
| The Villages, FL | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Yuba City, CA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Yuma, AZ | 1 | $ 95,000 | $ 95,000 | $ 0 |
Mortgage Loan Application Detail Totals for Specialized Loan Servicing LLC in 2022
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 173 | $36,245,000 | $209,000 | $645,000 | $97,000 | $150,000 |
| Home Purchase | 151 | $34,535,000 | $228,000 | $785,000 | $0 | $0 |
| Refinancing | 115 | $21,075,000 | $183,000 | $635,000 | $69,000 | $107,000 |
| Other Purpose | 33 | $6,455,000 | $195,000 | $515,000 | $0 | $0 |
| Home Improvement | 10 | $1,300,000 | $130,000 | $255,000 | $0 | $0 |
| Not Applicable | 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 | 467 | $96,225,000 | $206,000 | $785,000 | $0 | $0 |
| White | 9 | $1,705,000 | $189,000 | $265,000 | $75,000 | $107,000 |
| Black or African American | 2 | $570,000 | $285,000 | $335,000 | $127,000 | $150,000 |
| Hispanic | 1 | $205,000 | $205,000 | $205,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $85,000 | $85,000 |
| American Indian or Alaskan Native | 1 | $255,000 | $255,000 | $255,000 | $69,000 | $69,000 |
| Not Provided | 1 | $395,000 | $395,000 | $395,000 | $92,000 | $92,000 |
| Asian | 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) | 462 | $94,970,000 | $205,000 | $785,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 20 | $4,640,000 | $232,000 | $395,000 | $78,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Purchased By The Institution | 467 | $96,225,000 | $206,000 | $785,000 | $0 | $0 |
| Loan Originated | 8 | $1,950,000 | $243,000 | $395,000 | $77,000 | $150,000 |
| Application Denied By Financial Institution | 5 | $1,185,000 | $237,000 | $265,000 | $87,000 | $107,000 |
| Application Withdrawn By Applicant | 1 | $115,000 | $115,000 | $115,000 | $40,000 | $40,000 |
| File Closed For Incompleteness | 1 | $135,000 | $135,000 | $135,000 | $86,000 | $86,000 |
| Application Approved But Not Accepted | 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 | 477 | $98,425,000 | $206,000 | $785,000 | $74,000 | $150,000 |
| Credit History | 5 | $1,185,000 | $237,000 | $265,000 | $87,000 | $107,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Specialized Loan Servicing LLC's 2022 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 Specialized Loan Servicing 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 Delaware, download the full spreadsheet
with aggregated HMDA statistics today.
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