Iserve Residential Lending Mortgage Lending & HMDA Data, 2008
In 2008, Iserve Residential Lending of San Diego, CA reported 837 mortgage applications totaling $203.4 million, down 8% from 2007. The average application was for $242,953, and applicants reported an average income of $89,759. 21% of its applications resulted in an originated loan and 36% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (204), Los Angeles-Long Beach-Glendale, CA (83) and Riverside-San Bernardino-Ontario, CA (62) (applications in parentheses).
| Mortgage Company & Address | Iserve Residential Lending 13520 Evening Creek Drive Suite #400 San Diego, CA 92128 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2005 |
| Total Number of Mortgage Applications | 837 |
| Total Mortgage Loan Application Amount | $203,352,000 |
| Average Mortgage Loan Application Amount | $242,953 |
| Highest Mortgage Loan Application Amount | $4,700,000 |
| Average Applicant Income | $89,759 |
| Highest Applicant Income | $1,073,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Iserve Residential Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 204 | $ 47,246,000 | $ 231,598 | $ 88,000 |
| Los Angeles-Long Beach-Glendale, CA | 83 | $ 28,327,000 | $ 341,289 | $ 115,000 |
| Riverside-San Bernardino-Ontario, CA | 62 | $ 16,365,000 | $ 263,951 | $ 81,000 |
| Albuquerque, NM | 49 | $ 6,893,000 | $ 140,673 | $ 42,000 |
| Las Vegas-Paradise, NV | 49 | $ 10,540,000 | $ 215,102 | $ 101,000 |
| Santa Ana-Anaheim-Irvine, CA | 24 | $ 8,784,000 | $ 366,000 | $ 125,000 |
| Atlanta-Sandy Springs-Marietta, GA | 21 | $ 5,514,000 | $ 262,571 | $ 93,000 |
| St. Louis, MO-IL | 20 | $ 2,949,000 | $ 147,450 | $ 68,000 |
| Denver-Aurora, CO | 19 | $ 4,708,000 | $ 247,789 | $ 100,000 |
| San Diego-Carlsbad-San Marcos, CA | 19 | $ 5,189,000 | $ 273,105 | $ 151,000 |
| Birmingham-Hoover, AL | 18 | $ 2,161,000 | $ 120,055 | $ 40,000 |
| Prescott, AZ | 12 | $ 2,058,000 | $ 171,500 | $ 75,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 12 | $ 3,142,000 | $ 261,833 | $ 70,000 |
| Salt Lake City, UT | 12 | $ 2,542,000 | $ 211,833 | $ 69,000 |
| Fresno, CA | 11 | $ 1,900,000 | $ 172,727 | $ 52,000 |
| Miami-Miami Beach-Kendall, FL | 11 | $ 2,446,000 | $ 222,363 | $ 68,000 |
| Provo-Orem, UT | 10 | $ 3,605,000 | $ 360,500 | $ 174,000 |
| Tucson, AZ | 10 | $ 1,444,000 | $ 144,400 | $ 55,000 |
| Colorado Springs, CO | 8 | $ 1,500,000 | $ 187,500 | $ 98,000 |
| Oakland-Fremont-Hayward, CA | 8 | $ 2,357,000 | $ 294,625 | $ 107,000 |
| Portland-Vancouver-Beaverton, OR-WA | 8 | $ 1,687,000 | $ 210,875 | $ 73,125 |
| Kansas City, MO-KS | 7 | $ 835,000 | $ 119,285 | $ 95,000 |
| Bakersfield, CA | 6 | $ 962,000 | $ 160,333 | $ 71,000 |
| San Francisco-San Mateo-Redwood City, CA | 6 | $ 2,410,000 | $ 401,666 | $ 144,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 2,546,000 | $ 424,333 | $ 174,000 |
| Stockton, CA | 6 | $ 874,000 | $ 145,666 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 2,212,000 | $ 368,666 | $ 119,333 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,538,000 | $ 307,600 | $ 90,000 |
| Reno-Sparks, NV | 5 | $ 1,007,000 | $ 201,400 | $ 76,000 |
| Baltimore-Towson, MD | 4 | $ 1,007,000 | $ 251,750 | $ 102,000 |
| Jacksonville, FL | 4 | $ 422,000 | $ 105,500 | $ 51,000 |
| Richmond, VA | 4 | $ 819,000 | $ 204,750 | $ 48,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 644,000 | $ 161,000 | $ 59,000 |
| Visalia-Porterville, CA | 4 | $ 569,000 | $ 142,250 | $ 43,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 472,000 | $ 157,333 | $ 54,000 |
| Ogden-Clearfield, UT | 3 | $ 1,046,000 | $ 348,666 | $ 87,000 |
| Orlando-Kissimmee, FL | 3 | $ 625,000 | $ 208,333 | $ 80,000 |
| St. George, UT | 3 | $ 3,713,000 | $ 1,237,666 | $ 376,000 |
| Yuma, AZ | 3 | $ 891,000 | $ 297,000 | $ 70,000 |
| Bradenton-Sarasota-Venice, FL | 2 | $ 431,000 | $ 215,500 | $ 109,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 823,000 | $ 411,500 | $ 121,000 |
| Fayetteville, NC | 2 | $ 214,000 | $ 107,000 | $ 76,000 |
| Fort Collins-Loveland, CO | 2 | $ 202,000 | $ 101,000 | $ 56,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 567,000 | $ 283,500 | $ 139,000 |
| Hanford-Corcoran, CA | 2 | $ 527,000 | $ 263,500 | $ 69,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 147,000 | $ 73,500 | $ 29,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 676,000 | $ 338,000 | $ 126,000 |
| Salem, OR | 2 | $ 486,000 | $ 243,000 | $ 151,000 |
| Vallejo-Fairfield, CA | 2 | $ 736,000 | $ 368,000 | $ 54,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 222,000 | $ 222,000 | $ 96,000 |
| Columbia, SC | 1 | $ 91,000 | $ 91,000 | $ 38,000 |
| El Centro, CA | 1 | $ 201,000 | $ 201,000 | $ 51,000 |
| Eugene-Springfield, OR | 1 | $ 234,000 | $ 234,000 | $ 50,000 |
| Farmington, NM | 1 | $ 68,000 | $ 68,000 | $ 41,000 |
| Flagstaff, AZ | 1 | $ 177,000 | $ 177,000 | $ 50,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 199,000 | $ 199,000 | $ 115,000 |
| Greeley, CO | 1 | $ 157,000 | $ 157,000 | $ 42,000 |
| Jefferson City, MO | 1 | $ 66,000 | $ 66,000 | $ 108,000 |
| Modesto, CA | 1 | $ 257,000 | $ 257,000 | $ 100,000 |
| Pocatello, ID | 1 | $ 88,000 | $ 88,000 | $ 31,000 |
| Pueblo, CO | 1 | $ 105,000 | $ 105,000 | $ 87,000 |
| Raleigh-Cary, NC | 1 | $ 331,000 | $ 331,000 | $ 108,000 |
| Redding, CA | 1 | $ 199,000 | $ 199,000 | $ 95,000 |
| Rocky Mount, NC | 1 | $ 110,000 | $ 110,000 | $ 38,000 |
| Salinas, CA | 1 | $ 248,000 | $ 248,000 | $ 41,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 411,000 | $ 411,000 | $ 234,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 178,000 | $ 178,000 | $ 35,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 245,000 | $ 245,000 | $ 60,000 |
| Sebastian-Vero Beach, FL | 1 | $ 540,000 | $ 540,000 | $ 216,000 |
| Springfield, MO | 1 | $ 90,000 | $ 90,000 | $ 67,000 |
| Wilmington, NC | 1 | $ 273,000 | $ 273,000 | $ 41,000 |
| Yuba City, CA | 1 | $ 193,000 | $ 193,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Iserve Residential Lending in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 505 | $123,464,000 | $244,000 | $3,000,000 | $85,000 | $838,000 |
| Home Purchase | 332 | $79,888,000 | $240,000 | $4,700,000 | $97,000 | $1,073,000 |
| 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 | 348 | $93,610,000 | $268,000 | $4,700,000 | $109,000 | $937,000 |
| Hispanic | 283 | $59,933,000 | $211,000 | $900,000 | $68,000 | $1,073,000 |
| Not Provided | 94 | $24,435,000 | $259,000 | $975,000 | $92,000 | $357,000 |
| Black or African American | 81 | $16,161,000 | $199,000 | $863,000 | $76,000 | $330,000 |
| Asian | 26 | $7,543,000 | $290,000 | $875,000 | $105,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,484,000 | $371,000 | $648,000 | $117,000 | $191,000 |
| American Indian or Alaskan Native | 1 | $186,000 | $186,000 | $186,000 | $73,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 464 | $97,554,000 | $210,000 | $579,000 | $74,000 | $450,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 373 | $105,798,000 | $283,000 | $4,700,000 | $109,000 | $1,073,000 |
| 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 Denied By Financial Institution | 299 | $75,960,000 | $254,000 | $3,000,000 | $89,000 | $937,000 |
| Application Withdrawn By Applicant | 291 | $73,730,000 | $253,000 | $4,700,000 | $95,000 | $1,073,000 |
| Loan Originated | 174 | $35,856,000 | $206,000 | $737,000 | $79,000 | $382,000 |
| File Closed For Incompleteness | 58 | $13,330,000 | $229,000 | $624,000 | $97,000 | $330,000 |
| Application Approved But Not Accepted | 15 | $4,476,000 | $298,000 | $588,000 | $124,000 | $450,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 86 | $19,747,000 | $229,000 | $1,812,000 | $89,000 | $937,000 |
| Debt-To-Income Ratio | 58 | $18,985,000 | $327,000 | $3,000,000 | $99,000 | $838,000 |
| Credit History | 47 | $10,472,000 | $222,000 | $1,250,000 | $70,000 | $372,000 |
| Collateral | 27 | $6,409,000 | $237,000 | $862,000 | $88,000 | $215,000 |
| Unverifiable Information | 16 | $5,047,000 | $315,000 | $731,000 | $97,000 | $220,000 |
| Mortgage Insurance Denied | 11 | $2,409,000 | $219,000 | $374,000 | $70,000 | $147,000 |
| Employment History | 5 | $1,225,000 | $245,000 | $520,000 | $78,000 | $174,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $178,000 | $178,000 | $178,000 | $49,000 | $49,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Iserve Residential Lending's 2008 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 Iserve Residential Lending'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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