Velocity Commercial Capital LLC Mortgage Lending & HMDA Data, 2007
In 2007, Velocity Commercial Capital LLC of Westlake Village, CA reported 249 mortgage applications totaling $100.5 million. The average application was for $403,670, and applicants reported an average income of $11,329. 43% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (41), Chicago-Naperville-Joliet, IL (13) and Pittsburgh, PA (13) (applications in parentheses).
| Mortgage Company & Address | Velocity Commercial Capital LLC 2945 Townsgate Road Suite 110 Westlake Village, CA 91361 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 249 |
| Total Mortgage Loan Application Amount | $100,514,000 |
| Average Mortgage Loan Application Amount | $403,670 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $11,329 |
| Highest Applicant Income | $483,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Velocity Commercial Capital LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 41 | $ 18,703,000 | $ 456,170 | $ 0 |
| Chicago-Naperville-Joliet, IL | 13 | $ 5,077,000 | $ 390,538 | $ 0 |
| Pittsburgh, PA | 13 | $ 1,912,000 | $ 147,076 | $ 143,000 |
| New York-White Plains-Wayne, NY-NJ | 9 | $ 3,661,000 | $ 406,777 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 6 | $ 2,480,000 | $ 413,333 | $ 0 |
| Albany-Schenectady-Troy, NY | 4 | $ 668,000 | $ 167,000 | $ 0 |
| Las Vegas-Paradise, NV | 4 | $ 1,575,000 | $ 393,750 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,073,000 | $ 268,250 | $ 0 |
| Visalia-Porterville, CA | 4 | $ 920,000 | $ 230,000 | $ 0 |
| Bakersfield, CA | 3 | $ 1,066,000 | $ 355,333 | $ 0 |
| Binghamton, NY | 3 | $ 312,000 | $ 104,000 | $ 303,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,000,000 | $ 333,333 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 3 | $ 2,665,000 | $ 888,333 | $ 0 |
| Louisville-Jefferson County, KY-IN | 3 | $ 600,000 | $ 200,000 | $ 0 |
| Oakland-Fremont-Hayward, CA | 3 | $ 1,230,000 | $ 410,000 | $ 0 |
| Oklahoma City, OK | 3 | $ 533,000 | $ 177,666 | $ 0 |
| Philadelphia, PA | 3 | $ 492,000 | $ 164,000 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 1,460,000 | $ 486,666 | $ 0 |
| Syracuse, NY | 3 | $ 587,000 | $ 195,666 | $ 0 |
| Tucson, AZ | 3 | $ 732,000 | $ 244,000 | $ 0 |
| Anchorage, AK | 2 | $ 2,420,000 | $ 1,210,000 | $ 0 |
| Baltimore-Towson, MD | 2 | $ 1,685,000 | $ 842,500 | $ 64,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 1,075,000 | $ 537,500 | $ 0 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 363,000 | $ 181,500 | $ 0 |
| Colorado Springs, CO | 2 | $ 815,000 | $ 407,500 | $ 0 |
| Denver-Aurora, CO | 2 | $ 947,000 | $ 473,500 | $ 0 |
| El Centro, CA | 2 | $ 1,436,000 | $ 718,000 | $ 0 |
| Fresno, CA | 2 | $ 716,000 | $ 358,000 | $ 0 |
| Honolulu, HI | 2 | $ 1,349,000 | $ 674,500 | $ 0 |
| Jacksonville, FL | 2 | $ 1,775,000 | $ 887,500 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 944,000 | $ 472,000 | $ 0 |
| Napa, CA | 2 | $ 1,349,000 | $ 674,500 | $ 0 |
| Norwich-New London, CT | 2 | $ 512,000 | $ 256,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 442,000 | $ 221,000 | $ 0 |
| Redding, CA | 2 | $ 1,001,000 | $ 500,500 | $ 0 |
| Rochester, NY | 2 | $ 2,800,000 | $ 1,400,000 | $ 0 |
| Stockton, CA | 2 | $ 873,000 | $ 436,500 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 960,000 | $ 480,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 800,000 | $ 400,000 | $ 0 |
| Worcester, MA | 2 | $ 1,153,000 | $ 576,500 | $ 0 |
| Albuquerque, NM | 1 | $ 450,000 | $ 450,000 | $ 0 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 333,000 | $ 333,000 | $ 0 |
| Ames, IA | 1 | $ 163,000 | $ 163,000 | $ 0 |
| Atlantic City, NJ | 1 | $ 341,000 | $ 341,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 1,250,000 | $ 1,250,000 | $ 0 |
| Boston-Quincy, MA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Buffalo-Niagara Falls, NY | 1 | $ 184,000 | $ 184,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 720,000 | $ 720,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 422,000 | $ 422,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 173,000 | $ 173,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 1,915,000 | $ 1,915,000 | $ 0 |
| Decatur, IL | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Dover, DE | 1 | $ 300,000 | $ 300,000 | $ 0 |
| El Paso, TX | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Elizabethtown, KY | 1 | $ 158,000 | $ 158,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 272,000 | $ 272,000 | $ 0 |
| Flint, MI | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Glens Falls, NY | 1 | $ 630,000 | $ 630,000 | $ 0 |
| Gulfport-Biloxi, MS | 1 | $ 360,000 | $ 360,000 | $ 0 |
| Hanford-Corcoran, CA | 1 | $ 106,000 | $ 106,000 | $ 0 |
| Jackson, MI | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Jackson, MS | 1 | $ 624,000 | $ 624,000 | $ 0 |
| Kennewick-Richland-Pasco, WA | 1 | $ 244,000 | $ 244,000 | $ 0 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 900,000 | $ 900,000 | $ 0 |
| Kingston, NY | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Knoxville, TN | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Lake Havasu City-Kingman, AZ | 1 | $ 671,000 | $ 671,000 | $ 0 |
| Lakeland, FL | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 240,000 | $ 240,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 1 | $ 346,000 | $ 346,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 92,000 | $ 92,000 | $ 75,000 |
| Merced, CA | 1 | $ 400,000 | $ 400,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Mobile, AL | 1 | $ 204,000 | $ 204,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 392,000 | $ 392,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 700,000 | $ 700,000 | $ 0 |
| Newark-Union, NJ-PA | 1 | $ 2,100,000 | $ 2,100,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Peabody, MA | 1 | $ 398,000 | $ 398,000 | $ 0 |
| Peoria, IL | 1 | $ 293,000 | $ 293,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Salem, OR | 1 | $ 713,000 | $ 713,000 | $ 0 |
| Salinas, CA | 1 | $ 520,000 | $ 520,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 580,000 | $ 580,000 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 600,000 | $ 600,000 | $ 0 |
| Scranton--Wilkes-Barre, PA | 1 | $ 171,000 | $ 171,000 | $ 0 |
| Spokane, WA | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Tulsa, OK | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Utica-Rome, NY | 1 | $ 112,000 | $ 112,000 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Yakima, WA | 1 | $ 300,000 | $ 300,000 | $ 0 |
Mortgage Loan Application Detail Totals for Velocity Commercial Capital LLC in 2007
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 | 145 | $55,937,000 | $385,000 | $2,100,000 | $13,000 | $483,000 |
| Home Purchase | 104 | $44,577,000 | $428,000 | $2,700,000 | $9,000 | $464,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 84 | $33,670,000 | $400,000 | $2,100,000 | $22,000 | $483,000 |
| White | 70 | $29,787,000 | $425,000 | $2,700,000 | $13,000 | $464,000 |
| Hispanic | 62 | $24,696,000 | $398,000 | $818,000 | $0 | $0 |
| Black or African American | 24 | $9,799,000 | $408,000 | $1,500,000 | $5,000 | $128,000 |
| Asian | 7 | $2,022,000 | $288,000 | $640,000 | $10,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $440,000 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 249 | $100,514,000 | $403,000 | $2,700,000 | $11,000 | $483,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Originated | 106 | $40,489,000 | $381,000 | $1,915,000 | $9,000 | $464,000 |
| Application Denied By Financial Institution | 83 | $35,446,000 | $427,000 | $2,700,000 | $23,000 | $483,000 |
| Application Withdrawn By Applicant | 50 | $21,276,000 | $425,000 | $1,500,000 | $0 | $0 |
| Application Approved But Not Accepted | 10 | $3,303,000 | $330,000 | $520,000 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 66 | $32,075,000 | $485,000 | $2,700,000 | $1,000 | $75,000 |
| Credit History | 17 | $3,371,000 | $198,000 | $671,000 | $109,000 | $483,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Velocity Commercial Capital LLC's 2007 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 Velocity Commercial Capital 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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