Clearpoint Funding, Inc. Mortgage Lending & HMDA Data, 2012
In 2012, Clearpoint Funding, Inc. of Westborough, MA reported 9,504 mortgage applications totaling $2.2 billion, up 28% from 2011. The average application was for $234,773, and applicants reported an average income of $103,918. 67% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (762), Boston-Quincy, MA (459) and Washington-Arlington-Alexandria, DC-VA-MD-WV (453) (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 | 9,504 |
| Total Mortgage Loan Application Amount | $2,231,289,000 |
| Average Mortgage Loan Application Amount | $234,773 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $103,918 |
| Highest Applicant Income | $4,743,000 |
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(HMDA) records Clearpoint Funding, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 762 | $ 233,721,000 | $ 306,720 | $ 117,000 |
| Boston-Quincy, MA | 459 | $ 127,948,000 | $ 278,753 | $ 113,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 453 | $ 129,731,000 | $ 286,381 | $ 117,147 |
| Cambridge-Newton-Framingham, MA | 449 | $ 122,575,000 | $ 272,995 | $ 116,000 |
| Providence-New Bedford-Fall River, RI-MA | 320 | $ 66,664,000 | $ 208,325 | $ 93,650 |
| Peabody, MA | 319 | $ 80,631,000 | $ 252,761 | $ 99,000 |
| Bethesda-Rockville-Frederick, MD | 313 | $ 90,492,000 | $ 289,111 | $ 121,000 |
| Baltimore-Towson, MD | 276 | $ 72,835,000 | $ 263,894 | $ 110,000 |
| Atlanta-Sandy Springs-Marietta, GA | 274 | $ 48,942,000 | $ 178,620 | $ 88,000 |
| Chicago-Joliet-Naperville, IL | 217 | $ 41,993,000 | $ 193,516 | $ 79,000 |
| Santa Ana-Anaheim-Irvine, CA | 211 | $ 69,198,000 | $ 327,952 | $ 127,000 |
| Rockingham County-Strafford County, NH | 209 | $ 42,295,000 | $ 202,368 | $ 92,000 |
| Pittsburgh, PA | 194 | $ 27,600,000 | $ 142,268 | $ 81,000 |
| Hartford-West Hartford-East Hartford, CT | 189 | $ 39,504,000 | $ 209,015 | $ 95,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 188 | $ 70,753,000 | $ 376,345 | $ 164,000 |
| Warren-Troy-Farmington Hills, MI | 185 | $ 31,010,000 | $ 167,621 | $ 88,000 |
| Houston-Sugar Land-Baytown, TX | 181 | $ 34,822,000 | $ 192,386 | $ 109,000 |
| San Diego-Carlsbad-San Marcos, CA | 170 | $ 48,693,000 | $ 286,429 | $ 120,000 |
| Manchester-Nashua, NH | 167 | $ 31,184,000 | $ 186,730 | $ 87,000 |
| Worcester, MA | 165 | $ 35,887,000 | $ 217,496 | $ 96,000 |
| Bridgeport-Stamford-Norwalk, CT | 146 | $ 41,208,000 | $ 282,246 | $ 127,000 |
| Philadelphia, PA | 136 | $ 30,078,000 | $ 221,161 | $ 93,000 |
| Knoxville, TN | 127 | $ 21,232,000 | $ 167,181 | $ 77,000 |
| Portland-South Portland-Biddeford, ME | 119 | $ 22,445,000 | $ 188,613 | $ 88,000 |
| Oakland-Fremont-Hayward, CA | 117 | $ 39,580,000 | $ 338,290 | $ 165,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 104 | $ 19,946,000 | $ 191,788 | $ 79,000 |
| Denver-Aurora-Broomfield, CO | 96 | $ 20,294,000 | $ 211,395 | $ 89,000 |
| Richmond, VA | 96 | $ 17,230,000 | $ 179,479 | $ 72,000 |
| Miami-Miami Beach-Kendall, FL | 92 | $ 17,624,000 | $ 191,565 | $ 91,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 92 | $ 27,807,000 | $ 302,250 | $ 111,000 |
| Riverside-San Bernardino-Ontario, CA | 88 | $ 20,045,000 | $ 227,784 | $ 102,000 |
| Salt Lake City, UT | 88 | $ 20,002,000 | $ 227,295 | $ 110,000 |
| Austin-Round Rock-San Marcos, TX | 81 | $ 16,344,000 | $ 201,777 | $ 107,000 |
| Barnstable Town, MA | 72 | $ 16,873,000 | $ 234,347 | $ 123,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 72 | $ 14,763,000 | $ 205,041 | $ 96,000 |
| Ogden-Clearfield, UT | 67 | $ 13,433,000 | $ 200,492 | $ 73,000 |
| New Haven-Milford, CT | 65 | $ 13,529,000 | $ 208,138 | $ 103,000 |
| San Francisco-San Mateo-Redwood City, CA | 63 | $ 25,848,000 | $ 410,285 | $ 178,000 |
| Wichita, KS | 63 | $ 9,071,000 | $ 143,984 | $ 82,000 |
| Seattle-Bellevue-Everett, WA | 57 | $ 18,282,000 | $ 320,736 | $ 148,000 |
| Spartanburg, SC | 56 | $ 6,984,000 | $ 124,714 | $ 54,000 |
| Harrisburg-Carlisle, PA | 53 | $ 8,814,000 | $ 166,301 | $ 75,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 52 | $ 8,544,000 | $ 164,307 | $ 72,192 |
| Orlando-Kissimmee-Sanford, FL | 52 | $ 7,638,000 | $ 146,884 | $ 80,000 |
| Cincinnati-Middletown, OH-KY-IN | 49 | $ 8,611,000 | $ 175,734 | $ 81,000 |
| Phoenix-Mesa-Glendale, AZ | 44 | $ 7,456,000 | $ 169,454 | $ 83,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 41 | $ 7,864,000 | $ 191,804 | $ 88,000 |
| Tampa-St. Petersburg-Clearwater, FL | 39 | $ 6,053,000 | $ 155,205 | $ 96,000 |
| Dallas-Plano-Irving, TX | 38 | $ 7,239,000 | $ 190,500 | $ 103,000 |
| Dayton, OH | 37 | $ 5,909,000 | $ 159,702 | $ 106,000 |
| San Antonio-New Braunfels, TX | 37 | $ 7,684,000 | $ 207,675 | $ 105,000 |
| Springfield, MA | 37 | $ 7,242,000 | $ 195,729 | $ 86,000 |
| Madison, WI | 35 | $ 6,522,000 | $ 186,342 | $ 82,000 |
| Edison-New Brunswick, NJ | 32 | $ 8,858,000 | $ 276,812 | $ 109,000 |
| Toledo, OH | 32 | $ 4,194,000 | $ 131,062 | $ 52,000 |
| Cape Coral-Fort Myers, FL | 31 | $ 6,673,000 | $ 215,258 | $ 111,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 28 | $ 6,329,000 | $ 226,035 | $ 135,000 |
| Provo-Orem, UT | 26 | $ 5,385,000 | $ 207,115 | $ 102,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 25 | $ 5,447,000 | $ 217,880 | $ 91,000 |
| Lake County-Kenosha County, IL-WI | 22 | $ 6,010,000 | $ 273,181 | $ 123,000 |
| Kansas City, MO-KS | 18 | $ 2,288,000 | $ 127,111 | $ 69,444 |
| New York-White Plains-Wayne, NY-NJ | 18 | $ 5,099,000 | $ 283,277 | $ 90,000 |
| Newark-Union, NJ-PA | 18 | $ 5,627,000 | $ 312,611 | $ 112,000 |
| Norwich-New London, CT | 18 | $ 3,638,000 | $ 202,111 | $ 87,000 |
| Gainesville, GA | 17 | $ 3,530,000 | $ 207,647 | $ 123,000 |
| Sioux Falls, SD | 17 | $ 2,277,000 | $ 133,941 | $ 60,000 |
| Cleveland-Elyria-Mentor, OH | 16 | $ 2,820,000 | $ 176,250 | $ 82,000 |
| Greenville-Mauldin-Easley, SC | 16 | $ 2,393,000 | $ 149,562 | $ 71,000 |
| Detroit-Livonia-Dearborn, MI | 14 | $ 2,127,000 | $ 151,928 | $ 79,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 14 | $ 3,005,000 | $ 214,642 | $ 121,857 |
| Cedar Rapids, IA | 13 | $ 2,089,000 | $ 160,692 | $ 64,000 |
| Salinas, CA | 13 | $ 3,191,000 | $ 245,461 | $ 116,000 |
| Stockton, CA | 13 | $ 2,874,000 | $ 221,076 | $ 188,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 12 | $ 1,365,000 | $ 113,750 | $ 67,000 |
| Fort Worth-Arlington, TX | 12 | $ 2,188,000 | $ 182,333 | $ 101,000 |
| Naples-Marco Island, FL | 12 | $ 2,671,000 | $ 222,583 | $ 99,000 |
| Lakeland-Winter Haven, FL | 11 | $ 1,287,000 | $ 117,000 | $ 90,000 |
| Salisbury, MD | 10 | $ 1,652,000 | $ 165,200 | $ 67,000 |
| Santa Rosa-Petaluma, CA | 10 | $ 3,133,000 | $ 313,300 | $ 98,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 9 | $ 1,741,000 | $ 193,444 | $ 78,000 |
| Columbia, SC | 9 | $ 1,795,000 | $ 199,444 | $ 77,000 |
| Columbus, OH | 9 | $ 1,583,000 | $ 175,888 | $ 89,000 |
| Crestview-Fort Walton Beach-Destin, FL | 9 | $ 2,114,000 | $ 234,888 | $ 234,000 |
| Davenport-Moline-Rock Island, IA-IL | 9 | $ 1,578,000 | $ 175,333 | $ 75,777 |
| Lansing-East Lansing, MI | 9 | $ 1,296,000 | $ 144,000 | $ 107,000 |
| Milwaukee-Waukesha-West Allis, WI | 9 | $ 1,751,000 | $ 194,555 | $ 72,000 |
| College Station-Bryan, TX | 8 | $ 1,419,000 | $ 177,375 | $ 202,000 |
| Colorado Springs, CO | 8 | $ 1,451,000 | $ 181,375 | $ 92,000 |
| Macon, GA | 8 | $ 1,348,000 | $ 168,500 | $ 70,000 |
| Akron, OH | 7 | $ 1,262,000 | $ 180,285 | $ 106,000 |
| Birmingham-Hoover, AL | 7 | $ 867,000 | $ 123,857 | $ 46,000 |
| Charleston-North Charleston-Summerville, SC | 7 | $ 1,426,000 | $ 203,714 | $ 82,000 |
| Memphis, TN-MS-AR | 7 | $ 1,721,000 | $ 245,857 | $ 82,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 2,586,000 | $ 369,428 | $ 124,000 |
| Ann Arbor, MI | 6 | $ 981,000 | $ 163,500 | $ 72,000 |
| Baton Rouge, LA | 6 | $ 1,504,000 | $ 250,666 | $ 71,000 |
| Chattanooga, TN-GA | 6 | $ 905,000 | $ 150,833 | $ 53,833 |
| Jacksonville, FL | 6 | $ 944,000 | $ 157,333 | $ 105,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 6 | $ 1,870,000 | $ 311,666 | $ 116,000 |
| Vallejo-Fairfield, CA | 6 | $ 1,292,000 | $ 215,333 | $ 126,000 |
| Athens-Clarke County, GA | 5 | $ 934,000 | $ 186,800 | $ 59,000 |
| Bakersfield-Delano, CA | 5 | $ 920,000 | $ 184,000 | $ 117,000 |
| Corpus Christi, TX | 5 | $ 989,000 | $ 197,800 | $ 119,000 |
| El Paso, TX | 5 | $ 749,000 | $ 149,800 | $ 56,000 |
| Lewiston-Auburn, ME | 5 | $ 570,000 | $ 114,000 | $ 95,000 |
| Lima, OH | 5 | $ 573,000 | $ 114,600 | $ 80,000 |
| Louisville/Jefferson County, KY-IN | 5 | $ 924,000 | $ 184,800 | $ 102,000 |
| Monroe, MI | 5 | $ 787,000 | $ 157,400 | $ 63,000 |
| North Port-Bradenton-Sarasota, FL | 5 | $ 999,000 | $ 199,800 | $ 122,000 |
| Port St. Lucie, FL | 5 | $ 759,000 | $ 151,800 | $ 54,000 |
| St. George, UT | 5 | $ 1,221,000 | $ 244,200 | $ 214,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 1,001,000 | $ 250,250 | $ 88,000 |
| Anderson, SC | 4 | $ 568,000 | $ 142,000 | $ 39,000 |
| Bismarck, ND | 4 | $ 533,000 | $ 133,250 | $ 33,000 |
| Fresno, CA | 4 | $ 589,000 | $ 147,250 | $ 81,000 |
| Huntsville, AL | 4 | $ 675,000 | $ 168,750 | $ 56,000 |
| Lawrence, KS | 4 | $ 629,000 | $ 157,250 | $ 73,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 4 | $ 927,000 | $ 231,750 | $ 91,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 861,000 | $ 215,250 | $ 64,000 |
| Springfield, OH | 4 | $ 467,000 | $ 116,750 | $ 84,000 |
| Tacoma, WA | 4 | $ 793,000 | $ 198,250 | $ 132,000 |
| Wilmington, DE-MD-NJ | 4 | $ 820,000 | $ 205,000 | $ 45,500 |
| York-Hanover, PA | 4 | $ 863,000 | $ 215,750 | $ 187,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 917,000 | $ 305,666 | $ 86,000 |
| Bay City, MI | 3 | $ 338,000 | $ 112,666 | $ 47,000 |
| Charleston, WV | 3 | $ 487,000 | $ 162,333 | $ 64,000 |
| Clarksville, TN-KY | 3 | $ 489,000 | $ 163,000 | $ 62,000 |
| Fort Collins-Loveland, CO | 3 | $ 624,000 | $ 208,000 | $ 97,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 711,000 | $ 237,000 | $ 123,000 |
| Janesville, WI | 3 | $ 542,000 | $ 180,666 | $ 63,000 |
| Mobile, AL | 3 | $ 485,000 | $ 161,666 | $ 56,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 376,000 | $ 125,333 | $ 46,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 553,000 | $ 184,333 | $ 69,000 |
| Raleigh-Cary, NC | 3 | $ 557,000 | $ 185,666 | $ 31,000 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 1,112,000 | $ 370,666 | $ 79,000 |
| Tucson, AZ | 3 | $ 455,000 | $ 151,666 | $ 80,000 |
| Warner Robins, GA | 3 | $ 485,000 | $ 161,666 | $ 58,000 |
| Waterloo-Cedar Falls, IA | 3 | $ 428,000 | $ 142,666 | $ 298,000 |
| Youngstown-Warren-Boardman, OH-PA | 3 | $ 555,000 | $ 185,000 | $ 82,333 |
| Altoona, PA | 2 | $ 134,000 | $ 67,000 | $ 38,000 |
| Appleton, WI | 2 | $ 370,000 | $ 185,000 | $ 155,000 |
| Bangor, ME | 2 | $ 380,000 | $ 190,000 | $ 162,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 352,000 | $ 176,000 | $ 56,000 |
| Boulder, CO | 2 | $ 373,000 | $ 186,500 | $ 60,000 |
| Canton-Massillon, OH | 2 | $ 238,000 | $ 119,000 | $ 58,000 |
| Cumberland, MD-WV | 2 | $ 280,000 | $ 140,000 | $ 106,000 |
| Dover, DE | 2 | $ 300,000 | $ 150,000 | $ 66,000 |
| Eugene-Springfield, OR | 2 | $ 364,000 | $ 182,000 | $ 71,000 |
| Flint, MI | 2 | $ 310,000 | $ 155,000 | $ 84,000 |
| Gadsden, AL | 2 | $ 252,000 | $ 126,000 | $ 106,000 |
| Greeley, CO | 2 | $ 472,000 | $ 236,000 | $ 81,000 |
| Greensboro-High Point, NC | 2 | $ 378,000 | $ 189,000 | $ 51,000 |
| Kalamazoo-Portage, MI | 2 | $ 596,000 | $ 298,000 | $ 229,000 |
| Lancaster, PA | 2 | $ 582,000 | $ 291,000 | $ 129,000 |
| Laredo, TX | 2 | $ 270,000 | $ 135,000 | $ 57,000 |
| Logan, UT-ID | 2 | $ 204,000 | $ 102,000 | $ 34,000 |
| Lynchburg, VA | 2 | $ 494,000 | $ 247,000 | $ 105,000 |
| Mansfield, OH | 2 | $ 216,000 | $ 108,000 | $ 83,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 778,000 | $ 389,000 | $ 220,000 |
| Montgomery, AL | 2 | $ 457,000 | $ 228,500 | $ 79,000 |
| Palm Coast, FL | 2 | $ 226,000 | $ 113,000 | $ 37,000 |
| Punta Gorda, FL | 2 | $ 372,000 | $ 186,000 | $ 75,000 |
| Racine, WI | 2 | $ 392,000 | $ 196,000 | $ 2,403,000 |
| Saginaw-Saginaw Township North, MI | 2 | $ 310,000 | $ 155,000 | $ 63,000 |
| St. Cloud, MN | 2 | $ 233,000 | $ 116,500 | $ 36,000 |
| Trenton-Ewing, NJ | 2 | $ 278,000 | $ 139,000 | $ 104,000 |
| Wausau, WI | 2 | $ 232,000 | $ 116,000 | $ 68,000 |
| Winchester, VA-WV | 2 | $ 315,000 | $ 157,500 | $ 51,000 |
| Anniston-Oxford, AL | 1 | $ 154,000 | $ 154,000 | $ 90,000 |
| Asheville, NC | 1 | $ 189,000 | $ 189,000 | $ 49,000 |
| Auburn-Opelika, AL | 1 | $ 129,000 | $ 129,000 | $ 36,000 |
| Beaumont-Port Arthur, TX | 1 | $ 218,000 | $ 218,000 | $ 105,000 |
| Bellingham, WA | 1 | $ 361,000 | $ 361,000 | $ 64,000 |
| Bend, OR | 1 | $ 297,000 | $ 297,000 | $ 62,000 |
| Bloomington-Normal, IL | 1 | $ 283,000 | $ 283,000 | $ 86,000 |
| Boise City-Nampa, ID | 1 | $ 275,000 | $ 275,000 | $ 126,000 |
| Bremerton-Silverdale, WA | 1 | $ 385,000 | $ 385,000 | $ 90,000 |
| Brunswick, GA | 1 | $ 394,000 | $ 394,000 | $ 60,000 |
| Burlington, NC | 1 | $ 100,000 | $ 100,000 | $ 39,000 |
| Camden, NJ | 1 | $ 143,000 | $ 143,000 | $ 56,000 |
| Champaign-Urbana, IL | 1 | $ 142,000 | $ 142,000 | $ 255,000 |
| Charlottesville, VA | 1 | $ 110,000 | $ 110,000 | $ 87,000 |
| Coeur D'Alene, ID | 1 | $ 133,000 | $ 133,000 | $ 30,000 |
| Dalton, GA | 1 | $ 93,000 | $ 93,000 | $ 22,000 |
| Danville, VA | 1 | $ 122,000 | $ 122,000 | $ 40,000 |
| Des Moines-West Des Moines, IA | 1 | $ 219,000 | $ 219,000 | $ 71,000 |
| Dothan, AL | 1 | $ 131,000 | $ 131,000 | $ 65,000 |
| Durham-Chapel Hill, NC | 1 | $ 143,000 | $ 143,000 | $ 83,000 |
| Erie, PA | 1 | $ 245,000 | $ 245,000 | $ 332,000 |
| Florence-Muscle Shoals, AL | 1 | $ 120,000 | $ 120,000 | $ 41,000 |
| Fond Du Lac, WI | 1 | $ 104,000 | $ 104,000 | $ 46,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 132,000 | $ 132,000 | $ 48,000 |
| Greenville, NC | 1 | $ 179,000 | $ 179,000 | $ 99,000 |
| Hanford-Corcoran, CA | 1 | $ 216,000 | $ 216,000 | $ 62,000 |
| Harrisonburg, VA | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 153,000 | $ 153,000 | $ 26,000 |
| Indianapolis-Carmel, IN | 1 | $ 250,000 | $ 250,000 | $ 662,000 |
| Kankakee-Bradley, IL | 1 | $ 252,000 | $ 252,000 | $ 127,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 125,000 | $ 125,000 | $ 52,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 132,000 | $ 132,000 | $ 94,000 |
| Lebanon, PA | 1 | $ 129,000 | $ 129,000 | $ 39,000 |
| Longview, TX | 1 | $ 170,000 | $ 170,000 | $ 81,000 |
| Mankato-North Mankato, MN | 1 | $ 133,000 | $ 133,000 | $ 1,000 |
| Merced, CA | 1 | $ 118,000 | $ 118,000 | $ 184,000 |
| Morristown, TN | 1 | $ 150,000 | $ 150,000 | $ 56,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 410,000 | $ 410,000 | $ 174,000 |
| Odessa, TX | 1 | $ 172,000 | $ 172,000 | $ 102,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 1 | $ 167,000 | $ 167,000 | $ 107,000 |
| Pittsfield, MA | 1 | $ 144,000 | $ 144,000 | $ 48,000 |
| Prescott, AZ | 1 | $ 386,000 | $ 386,000 | $ 96,000 |
| Roanoke, VA | 1 | $ 116,000 | $ 116,000 | $ 127,000 |
| Sandusky, OH | 1 | $ 416,000 | $ 416,000 | $ 76,000 |
| Savannah, GA | 1 | $ 68,000 | $ 68,000 | $ 62,000 |
| Sebastian-Vero Beach, FL | 1 | $ 260,000 | $ 260,000 | $ 79,000 |
| Sheboygan, WI | 1 | $ 142,000 | $ 142,000 | $ 40,000 |
| Sioux City, IA-NE-SD | 1 | $ 152,000 | $ 152,000 | $ 140,000 |
| Springfield, IL | 1 | $ 182,000 | $ 182,000 | $ 61,000 |
| St. Joseph, MO-KS | 1 | $ 186,000 | $ 186,000 | $ 65,000 |
| St. Louis, MO-IL | 1 | $ 74,000 | $ 74,000 | $ 40,000 |
| State College, PA | 1 | $ 97,000 | $ 97,000 | $ 72,000 |
| Steubenville-Weirton, OH-WV | 1 | $ 82,000 | $ 82,000 | $ 40,000 |
| Tallahassee, FL | 1 | $ 179,000 | $ 179,000 | $ 143,000 |
| Topeka, KS | 1 | $ 149,000 | $ 149,000 | $ 43,000 |
| Tuscaloosa, AL | 1 | $ 122,000 | $ 122,000 | $ 38,000 |
| Visalia-Porterville, CA | 1 | $ 163,000 | $ 163,000 | $ 71,000 |
| Yuba City, CA | 1 | $ 124,000 | $ 124,000 | $ 155,000 |
Mortgage Loan Application Detail Totals for Clearpoint Funding, Inc. in 2012
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 | 6,280 | $1,562,860,000 | $248,000 | $1,500,000 | $112,000 | $4,743,000 |
| Home Purchase | 3,066 | $634,025,000 | $206,000 | $1,404,000 | $87,000 | $1,518,000 |
| Home Improvement | 158 | $34,404,000 | $217,000 | $625,000 | $111,000 | $447,000 |
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 | 6,705 | $1,546,047,000 | $230,000 | $1,500,000 | $106,000 | $4,743,000 |
| Asian | 1,258 | $340,578,000 | $270,000 | $1,404,000 | $113,000 | $997,000 |
| Not Provided | 639 | $159,540,000 | $249,000 | $1,220,000 | $102,000 | $534,000 |
| Hispanic | 543 | $114,301,000 | $210,000 | $742,000 | $78,000 | $448,000 |
| Black or African American | 326 | $62,215,000 | $190,000 | $630,000 | $73,000 | $349,000 |
| Native Hawaiian or Other Pacific Islander | 19 | $4,810,000 | $253,000 | $548,000 | $100,000 | $244,000 |
| American Indian or Alaskan Native | 14 | $3,798,000 | $271,000 | $508,000 | $102,000 | $204,000 |
| 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) | 7,511 | $1,831,487,000 | $243,000 | $1,500,000 | $114,000 | $4,743,000 |
| FHA-insured (Federal Housing Administration) | 1,744 | $354,121,000 | $203,000 | $742,000 | $69,000 | $754,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 145 | $20,673,000 | $142,000 | $357,000 | $48,000 | $112,000 |
| VA-guaranteed (Veterans Administration) | 104 | $25,008,000 | $240,000 | $560,000 | $73,000 | $252,000 |
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 | 6,376 | $1,498,333,000 | $234,000 | $780,000 | $106,000 | $4,743,000 |
| Application Approved But Not Accepted | 1,737 | $421,966,000 | $242,000 | $1,404,000 | $109,000 | $2,710,000 |
| Application Denied By Financial Institution | 1,117 | $244,657,000 | $219,000 | $1,500,000 | $82,000 | $997,000 |
| Application Withdrawn By Applicant | 274 | $66,333,000 | $242,000 | $1,220,000 | $105,000 | $782,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 371 | $86,084,000 | $232,000 | $888,000 | $58,000 | $235,000 |
| Other | 229 | $50,195,000 | $219,000 | $625,000 | $104,000 | $997,000 |
| Collateral | 184 | $35,492,000 | $192,000 | $725,000 | $97,000 | $962,000 |
| Credit History | 171 | $31,404,000 | $183,000 | $706,000 | $67,000 | $754,000 |
| Credit Application Incomplete | 72 | $21,874,000 | $303,000 | $1,500,000 | $135,000 | $600,000 |
| Employment History | 42 | $8,684,000 | $206,000 | $633,000 | $68,000 | $360,000 |
| Unverifiable Information | 22 | $5,454,000 | $247,000 | $625,000 | $107,000 | $303,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,556,000 | $259,000 | $600,000 | $105,000 | $195,000 |
| Mortgage Insurance Denied | 4 | $852,000 | $213,000 | $383,000 | $95,000 | $178,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Clearpoint Funding, Inc.'s 2012 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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