The Lending Partners, LLC Mortgage Lending & HMDA Data, 2016

In 2016, The Lending Partners, LLC of Plano, TX reported 2,527 mortgage applications totaling $697.3 million, down 10% from 2015. The average application was for $275,944, and applicants reported an average income of $119,775. 58% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,428), Fort Worth-Arlington, TX (363) and San Diego-Carlsbad, CA (360) (applications in parentheses).

Mortgage Company & Address The Lending Partners, LLC
5560 Tennyson Parkway, Ste. 201
Plano, TX 75024
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  2017  2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 2,527
Total Mortgage Loan Application Amount $697,312,000
Average Mortgage Loan Application Amount $275,944
Highest Mortgage Loan Application Amount $1,413,000
Average Applicant Income $119,775
Highest Applicant Income $1,039,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Lending Partners, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 The Lending Partners, LLC in 2016

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 2,037 $555,536,000 $272,000 $920,000 $119,000 $1,039,000
Refinancing 490 $141,776,000 $289,000 $1,413,000 $123,000 $648,000
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
White 1,925 $533,089,000 $276,000 $1,413,000 $124,000 $1,039,000
Hispanic 291 $78,482,000 $269,000 $678,000 $93,000 $850,000
Asian 154 $45,607,000 $296,000 $653,000 $132,000 $511,000
Black or African American 112 $27,719,000 $247,000 $604,000 $95,000 $290,000
Not Provided 22 $5,791,000 $263,000 $446,000 $110,000 $186,000
Native Hawaiin or Other Pacific Islander 16 $4,873,000 $304,000 $555,000 $114,000 $300,000
American Indian or Alaskan Native 7 $1,751,000 $250,000 $417,000 $110,000 $167,000
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) 1,775 $478,129,000 $269,000 $1,413,000 $133,000 $1,039,000
FHA-insured (Federal Housing Administration) 430 $102,862,000 $239,000 $636,000 $87,000 $269,000
VA-guaranteed (Veterans Administration) 315 $115,155,000 $365,000 $851,000 $94,000 $404,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7 $1,166,000 $166,000 $225,000 $64,000 $85,000

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 1,459 $351,318,000 $240,000 $860,000 $122,000 $1,039,000
Loan Purchased By The Institution 582 $225,767,000 $387,000 $851,000 $111,000 $480,000
Application Withdrawn By Applicant 347 $88,309,000 $254,000 $1,413,000 $128,000 $910,000
Application Denied By Financial Institution 51 $12,349,000 $242,000 $697,000 $105,000 $337,000
Application Approved But Not Accepted 41 $9,220,000 $224,000 $528,000 $133,000 $311,000
Preapproval Approved but not Accepted 35 $8,170,000 $233,000 $417,000 $95,000 $400,000
File Closed For Incompleteness 11 $1,944,000 $176,000 $293,000 $105,000 $240,000
Preapproval Denied by Financial Institution 1 $235,000 $235,000 $235,000 $49,000 $49,000

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
Unverifiable Information 12 $2,796,000 $233,000 $360,000 $121,000 $337,000
Other 11 $2,827,000 $257,000 $417,000 $113,000 $273,000
Debt-To-Income Ratio 10 $2,813,000 $281,000 $697,000 $95,000 $280,000
Collateral 6 $1,380,000 $230,000 $417,000 $104,000 $221,000
Employment History 4 $695,000 $173,000 $277,000 $111,000 $240,000
Insufficient Cash (Downpayment, Closing Cost) 3 $626,000 $208,000 $238,000 $57,000 $60,000
Credit History 3 $834,000 $278,000 $370,000 $107,000 $147,000
Credit Application Incomplete 1 $118,000 $118,000 $118,000 $45,000 $45,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into The Lending Partners, LLC's 2016 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 The Lending Partners, 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.
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