Multiples Mortgage Corp. Mortgage Lending & HMDA Data, 2022

In 2022, Multiples Mortgage Corp. of San Juan, PR reported 330 mortgage applications totaling $42.1 million, up 62% from 2021. The average application was for $127,575, and applicants reported an average income of $75,324. 66% of its applications resulted in an originated loan and 10% were denied. Its largest markets were San Juan-Carolina-Caguas, PR (258), Aguadilla-Isabela, PR (24) and Arecibo, PR (16) (applications in parentheses).

Mortgage Company & Address Multiples Mortgage Corp.
761 Ave. Luis Munoz Rivera,
San Juan, PR 00918
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 330
Total Mortgage Loan Application Amount $42,100,000
Average Mortgage Loan Application Amount $127,575
Highest Mortgage Loan Application Amount $885,000
Average Applicant Income $75,324
Highest Applicant Income $446,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Multiples Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Multiples Mortgage Corp. in 2022

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 273 $33,465,000 $122,000 $555,000 $74,000 $426,000
Cash-out Refinancing 38 $6,260,000 $164,000 $885,000 $84,000 $446,000
Refinancing 19 $2,375,000 $125,000 $245,000 $77,000 $235,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Hispanic 282 $35,950,000 $127,000 $885,000 $76,000 $446,000
White 45 $5,775,000 $128,000 $435,000 $75,000 $350,000
Not applicable 2 $330,000 $165,000 $245,000 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 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) 216 $27,000,000 $125,000 $885,000 $88,000 $446,000
FHA-insured (Federal Housing Administration) 88 $11,640,000 $132,000 $365,000 $51,000 $255,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 16 $1,470,000 $91,000 $225,000 $35,000 $79,000
VA-guaranteed (Veterans Administration) 10 $1,990,000 $199,000 $365,000 $89,000 $192,000

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 219 $28,695,000 $131,000 $885,000 $85,000 $446,000
Application Withdrawn By Applicant 56 $6,490,000 $115,000 $265,000 $53,000 $193,000
Application Denied By Financial Institution 32 $3,930,000 $122,000 $435,000 $49,000 $215,000
File Closed For Incompleteness 19 $2,515,000 $132,000 $365,000 $68,000 $255,000
Application Approved But Not Accepted 4 $470,000 $117,000 $145,000 $114,000 $350,000
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
Not applicable 298 $38,170,000 $128,000 $885,000 $78,000 $446,000
Debt-To-Income Ratio 11 $995,000 $90,000 $215,000 $38,000 $160,000
Collateral 7 $795,000 $113,000 $215,000 $37,000 $47,000
Insufficient Cash (Downpayment, Closing Cost) 6 $990,000 $165,000 $275,000 $78,000 $151,000
Credit History 5 $805,000 $161,000 $435,000 $67,000 $215,000
Unverifiable Information 2 $270,000 $135,000 $165,000 $37,000 $37,000
Employment History 1 $75,000 $75,000 $75,000 $22,000 $22,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Multiples Mortgage Corp.'s 2022 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 Multiples Mortgage Corp.'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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