Lennar Mortgage, LLC Mortgage Lending & HMDA Data, 2014

In 2014, Lennar Mortgage, LLC of Miami, FL reported 27,934 mortgage applications totaling $6.7 billion, up 13% from 2013. The average application was for $241,360, and applicants reported an average income of $97,707. 68% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (2,867), Denver-Aurora-Lakewood, CO (2,228) and Portland-Vancouver-Hillsboro, OR-WA (1,629) (applications in parentheses).

Mortgage Company & Address Lennar Mortgage, LLC
5505 Waterford District Drive Suite 505
Miami, FL 33126
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 27,934
Total Mortgage Loan Application Amount $6,742,172,000
Average Mortgage Loan Application Amount $241,360
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $97,707
Highest Applicant Income $5,640,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lennar Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Lennar Mortgage, LLC in 2014

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 25,038 $6,027,197,000 $240,000 $2,000,000 $97,000 $4,259,000
Refinancing 2,876 $710,588,000 $247,000 $1,650,000 $104,000 $5,640,000
Home Improvement 20 $4,387,000 $219,000 $670,000 $78,000 $193,000

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 17,192 $4,178,732,000 $243,000 $2,000,000 $102,000 $5,640,000
Hispanic 3,802 $816,119,000 $214,000 $1,080,000 $80,000 $854,000
Black or African American 2,560 $619,080,000 $241,000 $701,000 $88,000 $3,996,000
Asian 2,332 $625,824,000 $268,000 $956,000 $110,000 $705,000
Not Provided 1,801 $445,237,000 $247,000 $1,300,000 $100,000 $2,117,000
Native Hawaiian or Other Pacific Islander 132 $31,779,000 $240,000 $525,000 $95,000 $290,000
American Indian or Alaskan Native 115 $25,401,000 $220,000 $498,000 $90,000 $439,000
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) 16,239 $4,078,049,000 $251,000 $2,000,000 $113,000 $5,640,000
FHA-insured (Federal Housing Administration) 6,901 $1,486,587,000 $215,000 $636,000 $74,000 $342,000
VA-guaranteed (Veterans Administration) 3,839 $1,005,539,000 $261,000 $796,000 $86,000 $416,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 955 $171,997,000 $180,000 $406,000 $54,000 $144,000

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 18,952 $4,606,925,000 $243,000 $1,799,000 $99,000 $1,515,000
Application Withdrawn By Applicant 4,307 $1,035,137,000 $240,000 $2,000,000 $104,000 $5,640,000
Application Denied By Financial Institution 2,828 $655,175,000 $231,000 $1,650,000 $80,000 $1,427,000
Loan Purchased By The Institution 823 $203,144,000 $246,000 $1,232,000 $98,000 $887,000
File Closed For Incompleteness 410 $102,172,000 $249,000 $812,000 $118,000 $2,117,000
Preapproval Denied by Financial Institution 399 $79,579,000 $199,000 $740,000 $67,000 $394,000
Application Approved But Not Accepted 196 $56,431,000 $287,000 $901,000 $107,000 $574,000
Preapproval Approved but not Accepted 19 $3,609,000 $189,000 $408,000 $82,000 $191,000

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
Debt-To-Income Ratio 1,182 $274,091,000 $231,000 $1,393,000 $70,000 $900,000
Credit History 1,159 $263,738,000 $227,000 $1,357,000 $81,000 $754,000
Other 211 $49,207,000 $233,000 $1,200,000 $99,000 $674,000
Unverifiable Information 186 $41,843,000 $224,000 $1,080,000 $84,000 $1,427,000
Employment History 177 $39,412,000 $222,000 $700,000 $70,000 $289,000
Collateral 176 $33,142,000 $188,000 $720,000 $85,000 $292,000
Insufficient Cash (Downpayment, Closing Cost) 90 $20,107,000 $223,000 $668,000 $86,000 $411,000
Credit Application Incomplete 43 $12,533,000 $291,000 $1,650,000 $99,000 $378,000
Mortgage Insurance Denied 2 $470,000 $235,000 $253,000 $109,000 $123,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lennar Mortgage, LLC's 2014 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 Lennar 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.
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