Clearpoint Funding, Inc. Mortgage Lending & HMDA Data, 2011
In 2011, Clearpoint Funding, Inc. of Westborough, MA reported 7,412 mortgage applications totaling $1.9 billion, up 73% from 2010. The average application was for $258,829, and applicants reported an average income of $114,206. 70% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (977), Boston-Quincy, MA (410) and Cambridge-Newton-Framingham, MA (390) (applications in parentheses).
| Mortgage Company & Address | Clearpoint Funding, Inc. 4 Technology Drive, Suite 200 Westborough, MA 01581 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 7,412 |
| Total Mortgage Loan Application Amount | $1,918,445,000 |
| Average Mortgage Loan Application Amount | $258,829 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $114,206 |
| Highest Applicant Income | $1,853,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Clearpoint Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 977 | $ 331,834,000 | $ 339,645 | $ 138,000 |
| Boston-Quincy, MA | 410 | $ 113,230,000 | $ 276,170 | $ 111,000 |
| Cambridge-Newton-Framingham, MA | 390 | $ 105,929,000 | $ 271,612 | $ 113,000 |
| Peabody, MA | 343 | $ 86,915,000 | $ 253,396 | $ 96,000 |
| Providence-New Bedford-Fall River, RI-MA | 307 | $ 63,933,000 | $ 208,250 | $ 90,889 |
| Rockingham County-Strafford County, NH | 299 | $ 62,352,000 | $ 208,535 | $ 96,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 274 | $ 111,773,000 | $ 407,930 | $ 174,000 |
| Santa Ana-Anaheim-Irvine, CA | 270 | $ 95,589,000 | $ 354,033 | $ 141,000 |
| Manchester-Nashua, NH | 263 | $ 52,098,000 | $ 198,091 | $ 98,000 |
| Chicago-Joliet-Naperville, IL | 255 | $ 48,858,000 | $ 191,600 | $ 76,000 |
| Houston-Sugar Land-Baytown, TX | 212 | $ 41,297,000 | $ 194,797 | $ 115,000 |
| San Antonio-New Braunfels, TX | 164 | $ 29,874,000 | $ 182,158 | $ 95,000 |
| San Diego-Carlsbad-San Marcos, CA | 156 | $ 51,919,000 | $ 332,814 | $ 124,000 |
| Oakland-Fremont-Hayward, CA | 155 | $ 55,143,000 | $ 355,761 | $ 171,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 147 | $ 51,121,000 | $ 347,761 | $ 133,000 |
| Worcester, MA | 143 | $ 30,791,000 | $ 215,321 | $ 90,000 |
| Bridgeport-Stamford-Norwalk, CT | 141 | $ 42,758,000 | $ 303,248 | $ 121,000 |
| Bethesda-Rockville-Frederick, MD | 137 | $ 44,177,000 | $ 322,459 | $ 129,000 |
| Atlanta-Sandy Springs-Marietta, GA | 134 | $ 27,346,000 | $ 204,074 | $ 106,000 |
| Hartford-West Hartford-East Hartford, CT | 128 | $ 26,564,000 | $ 207,531 | $ 85,000 |
| Riverside-San Bernardino-Ontario, CA | 106 | $ 25,017,000 | $ 236,009 | $ 121,000 |
| Pittsburgh, PA | 98 | $ 16,867,000 | $ 172,112 | $ 95,000 |
| New Haven-Milford, CT | 79 | $ 15,869,000 | $ 200,873 | $ 103,000 |
| Austin-Round Rock-San Marcos, TX | 75 | $ 15,457,000 | $ 206,093 | $ 119,000 |
| San Francisco-San Mateo-Redwood City, CA | 66 | $ 23,169,000 | $ 351,045 | $ 165,000 |
| Baltimore-Towson, MD | 64 | $ 19,403,000 | $ 303,171 | $ 117,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 62 | $ 17,739,000 | $ 286,112 | $ 133,774 |
| Seattle-Bellevue-Everett, WA | 54 | $ 17,477,000 | $ 323,648 | $ 136,000 |
| Miami-Miami Beach-Kendall, FL | 52 | $ 10,954,000 | $ 210,653 | $ 120,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 51 | $ 9,867,000 | $ 193,470 | $ 76,000 |
| Barnstable Town, MA | 49 | $ 11,982,000 | $ 244,530 | $ 133,000 |
| Orlando-Kissimmee-Sanford, FL | 45 | $ 7,132,000 | $ 158,488 | $ 72,000 |
| Portland-South Portland-Biddeford, ME | 45 | $ 8,486,000 | $ 188,577 | $ 77,000 |
| Knoxville, TN | 44 | $ 7,661,000 | $ 174,113 | $ 90,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 40 | $ 7,683,000 | $ 192,075 | $ 75,000 |
| Tampa-St. Petersburg-Clearwater, FL | 34 | $ 6,984,000 | $ 205,411 | $ 116,000 |
| Jacksonville, FL | 33 | $ 4,910,000 | $ 148,787 | $ 89,000 |
| Salt Lake City, UT | 33 | $ 8,898,000 | $ 269,636 | $ 103,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 33 | $ 7,594,000 | $ 230,121 | $ 117,000 |
| Crestview-Fort Walton Beach-Destin, FL | 28 | $ 4,878,000 | $ 174,214 | $ 78,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 28 | $ 6,790,000 | $ 242,500 | $ 170,000 |
| Dallas-Plano-Irving, TX | 27 | $ 4,639,000 | $ 171,814 | $ 88,000 |
| Lake County-Kenosha County, IL-WI | 24 | $ 5,224,000 | $ 217,666 | $ 109,000 |
| Laredo, TX | 24 | $ 4,133,000 | $ 172,208 | $ 76,000 |
| Ogden-Clearfield, UT | 23 | $ 4,655,000 | $ 202,391 | $ 79,000 |
| Philadelphia, PA | 23 | $ 5,359,000 | $ 233,000 | $ 128,000 |
| Springfield, MA | 23 | $ 4,474,000 | $ 194,521 | $ 88,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 22 | $ 3,966,000 | $ 180,272 | $ 86,000 |
| McAllen-Edinburg-Mission, TX | 19 | $ 2,118,000 | $ 111,473 | $ 61,000 |
| Cincinnati-Middletown, OH-KY-IN | 16 | $ 2,888,000 | $ 180,500 | $ 92,375 |
| El Paso, TX | 16 | $ 2,464,000 | $ 154,000 | $ 85,000 |
| Phoenix-Mesa-Glendale, AZ | 16 | $ 2,506,000 | $ 156,625 | $ 93,000 |
| Santa Rosa-Petaluma, CA | 15 | $ 4,756,000 | $ 317,066 | $ 116,000 |
| Fort Worth-Arlington, TX | 14 | $ 3,076,000 | $ 219,714 | $ 137,000 |
| Madison, WI | 14 | $ 2,858,000 | $ 204,142 | $ 98,000 |
| Norwich-New London, CT | 14 | $ 2,455,000 | $ 175,357 | $ 108,000 |
| New York-White Plains-Wayne, NY-NJ | 13 | $ 3,453,000 | $ 265,615 | $ 122,000 |
| Birmingham-Hoover, AL | 12 | $ 1,931,000 | $ 160,916 | $ 113,000 |
| Cape Coral-Fort Myers, FL | 12 | $ 1,884,000 | $ 157,000 | $ 68,000 |
| Ocala, FL | 12 | $ 1,365,000 | $ 113,750 | $ 59,000 |
| Stockton, CA | 12 | $ 2,054,000 | $ 171,166 | $ 126,000 |
| Naples-Marco Island, FL | 11 | $ 2,667,000 | $ 242,454 | $ 171,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 10 | $ 1,265,000 | $ 126,500 | $ 84,000 |
| Denver-Aurora-Broomfield, CO | 10 | $ 2,682,000 | $ 268,200 | $ 111,000 |
| Santa Cruz-Watsonville, CA | 10 | $ 3,467,000 | $ 346,700 | $ 135,000 |
| College Station-Bryan, TX | 9 | $ 1,274,000 | $ 141,555 | $ 89,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 9 | $ 3,645,000 | $ 405,000 | $ 115,000 |
| Bakersfield-Delano, CA | 8 | $ 1,305,000 | $ 163,125 | $ 107,000 |
| Edison-New Brunswick, NJ | 8 | $ 2,290,000 | $ 286,250 | $ 271,000 |
| Fort Collins-Loveland, CO | 8 | $ 1,453,000 | $ 181,625 | $ 91,000 |
| Dayton, OH | 7 | $ 1,139,000 | $ 162,714 | $ 76,000 |
| Fresno, CA | 7 | $ 1,766,000 | $ 252,285 | $ 157,000 |
| Macon, GA | 7 | $ 636,000 | $ 90,857 | $ 46,000 |
| Mankato-North Mankato, MN | 7 | $ 1,272,000 | $ 181,714 | $ 61,000 |
| Port St. Lucie, FL | 7 | $ 1,876,000 | $ 268,000 | $ 109,000 |
| Davenport-Moline-Rock Island, IA-IL | 6 | $ 1,122,000 | $ 187,000 | $ 80,333 |
| Palm Bay-Melbourne-Titusville, FL | 6 | $ 898,000 | $ 149,666 | $ 103,000 |
| Provo-Orem, UT | 6 | $ 1,285,000 | $ 214,166 | $ 77,000 |
| San Luis Obispo-Paso Robles, CA | 6 | $ 1,928,000 | $ 321,333 | $ 124,000 |
| Savannah, GA | 6 | $ 1,017,000 | $ 169,500 | $ 59,000 |
| Boulder, CO | 5 | $ 2,712,000 | $ 542,400 | $ 104,000 |
| Chico, CA | 5 | $ 936,000 | $ 187,200 | $ 68,000 |
| Columbus, OH | 5 | $ 1,162,000 | $ 232,400 | $ 103,000 |
| Corpus Christi, TX | 5 | $ 860,000 | $ 172,000 | $ 90,000 |
| Killeen-Temple-Fort Hood, TX | 5 | $ 737,000 | $ 147,400 | $ 140,000 |
| Spartanburg, SC | 5 | $ 574,000 | $ 114,800 | $ 47,000 |
| Athens-Clarke County, GA | 4 | $ 844,000 | $ 211,000 | $ 131,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 4 | $ 926,000 | $ 231,500 | $ 111,500 |
| Gainesville, GA | 4 | $ 765,000 | $ 191,250 | $ 71,000 |
| Napa, CA | 4 | $ 950,000 | $ 237,500 | $ 127,000 |
| Newark-Union, NJ-PA | 4 | $ 1,098,000 | $ 274,500 | $ 99,000 |
| Palm Coast, FL | 4 | $ 367,000 | $ 91,750 | $ 164,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 834,000 | $ 208,500 | $ 149,000 |
| Pittsfield, MA | 4 | $ 1,000,000 | $ 250,000 | $ 128,000 |
| Salinas, CA | 4 | $ 1,183,000 | $ 295,750 | $ 115,000 |
| Sioux Falls, SD | 4 | $ 505,000 | $ 126,250 | $ 45,000 |
| Toledo, OH | 4 | $ 666,000 | $ 166,500 | $ 129,000 |
| Abilene, TX | 3 | $ 318,000 | $ 106,000 | $ 90,000 |
| Albany, GA | 3 | $ 628,000 | $ 209,333 | $ 78,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 505,000 | $ 168,333 | $ 67,000 |
| Beaumont-Port Arthur, TX | 3 | $ 671,000 | $ 223,666 | $ 113,000 |
| Brownsville-Harlingen, TX | 3 | $ 673,000 | $ 224,333 | $ 302,000 |
| Camden, NJ | 3 | $ 625,000 | $ 208,333 | $ 141,000 |
| Colorado Springs, CO | 3 | $ 647,000 | $ 215,666 | $ 58,000 |
| Lakeland-Winter Haven, FL | 3 | $ 459,000 | $ 153,000 | $ 98,000 |
| Madera-Chowchilla, CA | 3 | $ 668,000 | $ 222,666 | $ 233,000 |
| Merced, CA | 3 | $ 784,000 | $ 261,333 | $ 98,000 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 475,000 | $ 158,333 | $ 78,000 |
| Montgomery, AL | 3 | $ 319,000 | $ 106,333 | $ 42,000 |
| Rochester, MN | 3 | $ 511,000 | $ 170,333 | $ 58,000 |
| Sebastian-Vero Beach, FL | 3 | $ 623,000 | $ 207,666 | $ 69,000 |
| Tuscaloosa, AL | 3 | $ 374,000 | $ 124,666 | $ 47,000 |
| Tyler, TX | 3 | $ 538,000 | $ 179,333 | $ 105,000 |
| Visalia-Porterville, CA | 3 | $ 389,000 | $ 129,666 | $ 54,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 609,000 | $ 203,000 | $ 90,000 |
| Wilmington, DE-MD-NJ | 3 | $ 522,000 | $ 174,000 | $ 175,000 |
| Amarillo, TX | 2 | $ 334,000 | $ 167,000 | $ 63,000 |
| Brunswick, GA | 2 | $ 378,000 | $ 189,000 | $ 33,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 239,000 | $ 119,500 | $ 41,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 318,000 | $ 159,000 | $ 80,000 |
| Erie, PA | 2 | $ 375,000 | $ 187,500 | $ 78,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 416,000 | $ 208,000 | $ 84,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 220,000 | $ 110,000 | $ 47,000 |
| Lewiston-Auburn, ME | 2 | $ 198,000 | $ 99,000 | $ 49,000 |
| Longview, TX | 2 | $ 301,000 | $ 150,500 | $ 50,000 |
| Mobile, AL | 2 | $ 203,000 | $ 101,500 | $ 29,000 |
| Modesto, CA | 2 | $ 280,000 | $ 140,000 | $ 97,000 |
| Olympia, WA | 2 | $ 518,000 | $ 259,000 | $ 151,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 400,000 | $ 200,000 | $ 71,000 |
| Punta Gorda, FL | 2 | $ 271,000 | $ 135,500 | $ 65,000 |
| Redding, CA | 2 | $ 266,000 | $ 133,000 | $ 52,000 |
| Richmond, VA | 2 | $ 549,000 | $ 274,500 | $ 79,000 |
| Rockford, IL | 2 | $ 285,000 | $ 142,500 | $ 93,000 |
| Springfield, OH | 2 | $ 204,000 | $ 102,000 | $ 61,000 |
| Tacoma, WA | 2 | $ 434,000 | $ 217,000 | $ 57,000 |
| Tallahassee, FL | 2 | $ 609,000 | $ 304,500 | $ 64,000 |
| Valdosta, GA | 2 | $ 293,000 | $ 146,500 | $ 55,000 |
| Vallejo-Fairfield, CA | 2 | $ 402,000 | $ 201,000 | $ 82,000 |
| Waco, TX | 2 | $ 218,000 | $ 109,000 | $ 64,000 |
| Bellingham, WA | 1 | $ 359,000 | $ 359,000 | $ 86,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 107,000 | $ 107,000 | $ 37,000 |
| Chattanooga, TN-GA | 1 | $ 79,000 | $ 79,000 | $ 11,000 |
| Clarksville, TN-KY | 1 | $ 129,000 | $ 129,000 | $ 60,000 |
| Cumberland, MD-WV | 1 | $ 207,000 | $ 207,000 | $ 77,000 |
| Des Moines-West Des Moines, IA | 1 | $ 97,000 | $ 97,000 | $ 96,000 |
| Dover, DE | 1 | $ 161,000 | $ 161,000 | $ 171,000 |
| Durham-Chapel Hill, NC | 1 | $ 147,000 | $ 147,000 | $ 56,000 |
| Fargo, ND-MN | 1 | $ 210,000 | $ 210,000 | $ 90,000 |
| Gainesville, FL | 1 | $ 200,000 | $ 200,000 | $ 69,000 |
| Greeley, CO | 1 | $ 166,000 | $ 166,000 | $ 100,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 192,000 | $ 192,000 | $ 38,000 |
| Harrisburg-Carlisle, PA | 1 | $ 124,000 | $ 124,000 | $ 26,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 145,000 | $ 145,000 | $ 82,000 |
| Huntsville, AL | 1 | $ 182,000 | $ 182,000 | $ 117,000 |
| Iowa City, IA | 1 | $ 240,000 | $ 240,000 | $ 98,000 |
| Janesville, WI | 1 | $ 186,000 | $ 186,000 | $ 75,000 |
| Johnstown, PA | 1 | $ 86,000 | $ 86,000 | $ 55,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 121,000 | $ 121,000 | $ 25,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 205,000 | $ 205,000 | $ 69,000 |
| Memphis, TN-MS-AR | 1 | $ 195,000 | $ 195,000 | $ 99,000 |
| Midland, TX | 1 | $ 248,000 | $ 248,000 | $ 151,000 |
| Monroe, MI | 1 | $ 167,000 | $ 167,000 | $ 86,000 |
| Morristown, TN | 1 | $ 108,000 | $ 108,000 | $ 22,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 70,000 | $ 70,000 | $ 59,000 |
| Odessa, TX | 1 | $ 125,000 | $ 125,000 | $ 44,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 107,000 | $ 107,000 | $ 53,000 |
| San Angelo, TX | 1 | $ 126,000 | $ 126,000 | $ 76,000 |
| Sherman-Denison, TX | 1 | $ 302,000 | $ 302,000 | $ 88,000 |
| Spokane, WA | 1 | $ 228,000 | $ 228,000 | $ 48,000 |
| St. Cloud, MN | 1 | $ 259,000 | $ 259,000 | $ 114,000 |
| St. George, UT | 1 | $ 75,000 | $ 75,000 | $ 567,000 |
| State College, PA | 1 | $ 113,000 | $ 113,000 | $ 161,000 |
| Victoria, TX | 1 | $ 125,000 | $ 125,000 | $ 86,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 93,000 | $ 93,000 | $ 23,000 |
| Warner Robins, GA | 1 | $ 80,000 | $ 80,000 | $ 99,000 |
| Williamsport, PA | 1 | $ 68,000 | $ 68,000 | $ 77,000 |
| Wilmington, NC | 1 | $ 129,000 | $ 129,000 | $ 69,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 96,000 | $ 96,000 | $ 22,000 |
| Yuma, AZ | 1 | $ 249,000 | $ 249,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Clearpoint Funding, Inc. in 2011
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 | 5,154 | $1,391,153,000 | $269,000 | $1,700,000 | $121,000 | $1,853,000 |
| Home Purchase | 2,186 | $508,434,000 | $232,000 | $1,600,000 | $98,000 | $981,000 |
| Home Improvement | 72 | $18,858,000 | $261,000 | $417,000 | $120,000 | $264,000 |
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 | 5,129 | $1,315,128,000 | $256,000 | $1,700,000 | $115,000 | $1,853,000 |
| Asian | 844 | $266,806,000 | $316,000 | $737,000 | $138,000 | $1,029,000 |
| Not Provided | 591 | $163,830,000 | $277,000 | $1,505,000 | $116,000 | $975,000 |
| Hispanic | 556 | $112,420,000 | $202,000 | $720,000 | $82,000 | $662,000 |
| Black or African American | 249 | $48,539,000 | $194,000 | $656,000 | $76,000 | $314,000 |
| Native Hawaiian or Other Pacific Islander | 28 | $7,855,000 | $280,000 | $612,000 | $114,000 | $278,000 |
| American Indian or Alaskan Native | 15 | $3,867,000 | $257,000 | $700,000 | $92,000 | $197,000 |
| 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) | 5,700 | $1,530,106,000 | $268,000 | $1,700,000 | $124,000 | $1,853,000 |
| FHA-insured (Federal Housing Administration) | 1,635 | $371,383,000 | $227,000 | $737,000 | $80,000 | $609,000 |
| VA-guaranteed (Veterans Administration) | 58 | $14,658,000 | $252,000 | $712,000 | $81,000 | $200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $2,298,000 | $120,000 | $265,000 | $42,000 | $76,000 |
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 | 5,195 | $1,362,050,000 | $262,000 | $802,000 | $119,000 | $1,853,000 |
| Application Approved But Not Accepted | 1,232 | $307,502,000 | $249,000 | $1,072,000 | $107,000 | $789,000 |
| Application Denied By Financial Institution | 778 | $189,403,000 | $243,000 | $1,400,000 | $90,000 | $1,393,000 |
| Application Withdrawn By Applicant | 192 | $55,396,000 | $288,000 | $1,700,000 | $110,000 | $946,000 |
| File Closed For Incompleteness | 15 | $4,094,000 | $272,000 | $534,000 | $73,000 | $160,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 289 | $74,475,000 | $257,000 | $1,400,000 | $73,000 | $1,393,000 |
| Other | 159 | $41,012,000 | $257,000 | $729,000 | $127,000 | $603,000 |
| Collateral | 153 | $34,122,000 | $223,000 | $1,000,000 | $102,000 | $800,000 |
| Credit History | 104 | $23,277,000 | $223,000 | $726,000 | $78,000 | $827,000 |
| Employment History | 30 | $6,091,000 | $203,000 | $500,000 | $56,000 | $138,000 |
| Unverifiable Information | 14 | $3,060,000 | $218,000 | $421,000 | $67,000 | $122,000 |
| Mortgage Insurance Denied | 12 | $2,753,000 | $229,000 | $421,000 | $101,000 | $227,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,442,000 | $240,000 | $303,000 | $72,000 | $106,000 |
| Credit Application Incomplete | 3 | $491,000 | $163,000 | $266,000 | $56,000 | $101,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Clearpoint Funding, Inc.'s 2011 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 Clearpoint Funding, Inc.'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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