Tomo Mortgage LLC Mortgage Lending & HMDA Data, 2024
In 2024, Tomo Mortgage LLC of New York, NY reported 2,366 mortgage applications totaling $1.0 billion, up 415% from 2023. The average application was for $433,871, and applicants reported an average income of $205,886. 42% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (120), Dallas-Plano-Irving, TX (91) and Atlanta-Sandy Springs-Roswell, GA (72) (applications in parentheses).
| Mortgage Company & Address | Tomo Mortgage LLC 909 Third Avenue 9th Fl New York, NY 10018 |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 2,366 |
| Total Mortgage Loan Application Amount | $1,026,540,000 |
| Average Mortgage Loan Application Amount | $433,871 |
| Highest Mortgage Loan Application Amount | $2,245,000 |
| Average Applicant Income | $205,886 |
| Highest Applicant Income | $5,496,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tomo Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Tomo 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 | 2,363 | $1,026,225,000 | $434,000 | $2,245,000 | $206,000 | $5,496,000 |
| Other Purpose | 2 | $80,000 | $40,000 | $55,000 | $82,000 | $82,000 |
| Not Applicable | 1 | $235,000 | $235,000 | $235,000 | $185,000 | $185,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 | 922 | $430,420,000 | $466,000 | $2,225,000 | $229,000 | $5,496,000 |
| White | 886 | $356,920,000 | $402,000 | $2,245,000 | $188,000 | $1,488,000 |
| Asian | 354 | $162,870,000 | $460,000 | $1,145,000 | $215,000 | $748,000 |
| Hispanic | 134 | $52,020,000 | $388,000 | $835,000 | $169,000 | $608,000 |
| Black or African American | 63 | $22,275,000 | $353,000 | $995,000 | $149,000 | $437,000 |
| American Indian or Alaskan Native | 4 | $1,340,000 | $335,000 | $495,000 | $132,000 | $205,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $570,000 | $285,000 | $405,000 | $164,000 | $198,000 |
| Not applicable | 1 | $125,000 | $125,000 | $125,000 | $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) | 2,240 | $980,290,000 | $437,000 | $2,245,000 | $210,000 | $5,496,000 |
| FHA-insured (Federal Housing Administration) | 81 | $30,005,000 | $370,000 | $1,055,000 | $135,000 | $495,000 |
| VA-guaranteed (Veterans Administration) | 45 | $16,245,000 | $361,000 | $715,000 | $133,000 | $478,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,278 | $583,770,000 | $456,000 | $2,245,000 | $210,000 | $5,496,000 |
| Loan Originated | 996 | $408,550,000 | $410,000 | $1,495,000 | $204,000 | $1,472,000 |
| Application Denied By Financial Institution | 84 | $30,530,000 | $363,000 | $1,985,000 | $159,000 | $538,000 |
| File Closed For Incompleteness | 6 | $2,420,000 | $403,000 | $785,000 | $183,000 | $282,000 |
| Application Approved But Not Accepted | 2 | $1,270,000 | $635,000 | $965,000 | $223,000 | $228,000 |
| 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 |
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 | 2,282 | $996,010,000 | $436,000 | $2,245,000 | $208,000 | $5,496,000 |
| Other | 35 | $13,525,000 | $386,000 | $765,000 | $187,000 | $538,000 |
| Collateral | 31 | $9,185,000 | $296,000 | $1,095,000 | $150,000 | $425,000 |
| Debt-To-Income Ratio | 12 | $4,890,000 | $407,000 | $1,985,000 | $88,000 | $227,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,005,000 | $668,000 | $1,235,000 | $222,000 | $374,000 |
| Unverifiable Information | 2 | $490,000 | $245,000 | $245,000 | $170,000 | $172,000 |
| Credit Application Incomplete | 1 | $435,000 | $435,000 | $435,000 | $125,000 | $125,000 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tomo 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 Tomo 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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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