Western Financial LLC Mortgage Lending & HMDA Data, 2006
In 2006, Western Financial LLC of Greenwood Village, CO reported 864 mortgage applications totaling $141.9 million. The average application was for $164,197, and applicants reported an average income of $82,000. 78% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Denver-Aurora, CO (516), Colorado Springs, CO (93) and Greeley, CO (30) (applications in parentheses).
| Mortgage Company & Address | Western Financial LLC 6061 S Syracuse Way, Second Floor Greenwood Village, CO 80111 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 |
| Total Number of Mortgage Applications | 864 |
| Total Mortgage Loan Application Amount | $141,867,000 |
| Average Mortgage Loan Application Amount | $164,197 |
| Highest Mortgage Loan Application Amount | $1,380,000 |
| Average Applicant Income | $82,000 |
| Highest Applicant Income | $1,438,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Western Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Denver-Aurora, CO | 516 | $ 83,741,000 | $ 162,288 | $ 83,000 |
| Colorado Springs, CO | 93 | $ 15,059,000 | $ 161,924 | $ 83,000 |
| Greeley, CO | 30 | $ 4,107,000 | $ 136,900 | $ 70,000 |
| Tucson, AZ | 23 | $ 3,470,000 | $ 150,869 | $ 75,000 |
| Boulder, CO | 21 | $ 4,441,000 | $ 211,476 | $ 63,000 |
| Fort Collins-Loveland, CO | 15 | $ 2,846,000 | $ 189,733 | $ 100,000 |
| Prescott, AZ | 12 | $ 1,850,000 | $ 154,166 | $ 74,000 |
| Houston-Sugar Land-Baytown, TX | 7 | $ 1,044,000 | $ 149,142 | $ 165,000 |
| Cheyenne, WY | 5 | $ 509,000 | $ 101,800 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,068,000 | $ 267,000 | $ 96,000 |
| Pueblo, CO | 4 | $ 614,000 | $ 153,500 | $ 55,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 837,000 | $ 209,250 | $ 80,000 |
| Santa Ana-Anaheim-Irvine, CA | 4 | $ 1,738,000 | $ 434,500 | $ 148,000 |
| Anchorage, AK | 3 | $ 460,000 | $ 153,333 | $ 72,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 817,000 | $ 272,333 | $ 160,000 |
| Portland-Vancouver-Beaverton, OR-WA | 3 | $ 533,000 | $ 177,666 | $ 52,000 |
| Albuquerque, NM | 2 | $ 223,000 | $ 111,500 | $ 53,000 |
| Baltimore-Towson, MD | 2 | $ 205,000 | $ 102,500 | $ 99,000 |
| Bellingham, WA | 2 | $ 493,000 | $ 246,500 | $ 27,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 201,000 | $ 100,500 | $ 33,000 |
| Eugene-Springfield, OR | 2 | $ 242,000 | $ 121,000 | $ 78,000 |
| Fairbanks, AK | 2 | $ 221,000 | $ 110,500 | $ 59,000 |
| Gary, IN | 2 | $ 200,000 | $ 100,000 | $ 45,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 271,000 | $ 135,500 | $ 55,000 |
| Indianapolis-Carmel, IN | 2 | $ 163,000 | $ 81,500 | $ 43,000 |
| Lakeland, FL | 2 | $ 257,000 | $ 128,500 | $ 56,000 |
| Orlando-Kissimmee, FL | 2 | $ 244,000 | $ 122,000 | $ 41,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 343,000 | $ 171,500 | $ 111,000 |
| Panama City-Lynn Haven, FL | 2 | $ 139,000 | $ 69,500 | $ 42,000 |
| Salt Lake City, UT | 2 | $ 189,000 | $ 94,500 | $ 77,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 345,000 | $ 172,500 | $ 114,000 |
| Sebastian-Vero Beach, FL | 2 | $ 311,000 | $ 155,500 | $ 0 |
| St. Louis, MO-IL | 2 | $ 977,000 | $ 488,500 | $ 180,000 |
| Tacoma, WA | 2 | $ 156,000 | $ 78,000 | $ 30,000 |
| Ann Arbor, MI | 1 | $ 99,000 | $ 99,000 | $ 72,000 |
| Bend, OR | 1 | $ 194,000 | $ 194,000 | $ 77,000 |
| Bremerton-Silverdale, WA | 1 | $ 184,000 | $ 184,000 | $ 47,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 42,000 | $ 42,000 | $ 240,000 |
| Dallas-Plano-Irving, TX | 1 | $ 109,000 | $ 109,000 | $ 66,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 152,000 | $ 152,000 | $ 51,000 |
| Des Moines-West Des Moines, IA | 1 | $ 90,000 | $ 90,000 | $ 86,000 |
| Fort Smith, AR-OK | 1 | $ 74,000 | $ 74,000 | $ 70,000 |
| Fort Worth-Arlington, TX | 1 | $ 62,000 | $ 62,000 | $ 30,000 |
| Fresno, CA | 1 | $ 67,000 | $ 67,000 | $ 109,000 |
| Grand Junction, CO | 1 | $ 161,000 | $ 161,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 135,000 | $ 135,000 | $ 34,000 |
| Joplin, MO | 1 | $ 100,000 | $ 100,000 | $ 120,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 400,000 | $ 400,000 | $ 120,000 |
| Memphis, TN-MS-AR | 1 | $ 60,000 | $ 60,000 | $ 18,000 |
| Naples-Marco Island, FL | 1 | $ 217,000 | $ 217,000 | $ 60,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 105,000 | $ 105,000 | $ 168,000 |
| Oklahoma City, OK | 1 | $ 119,000 | $ 119,000 | $ 41,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 128,000 | $ 128,000 | $ 60,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Rochester, MN | 1 | $ 110,000 | $ 110,000 | $ 44,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 187,000 | $ 187,000 | $ 46,000 |
| Tallahassee, FL | 1 | $ 90,000 | $ 90,000 | $ 38,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 270,000 | $ 270,000 | $ 116,000 |
| Vallejo-Fairfield, CA | 1 | $ 474,000 | $ 474,000 | $ 277,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 69,000 |
| Yakima, WA | 1 | $ 114,000 | $ 114,000 | $ 31,000 |
| Yuma, AZ | 1 | $ 60,000 | $ 60,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Western Financial LLC in 2006
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 | 540 | $92,270,000 | $170,000 | $1,000,000 | $79,000 | $360,000 |
| Home Purchase | 324 | $49,597,000 | $153,000 | $1,380,000 | $87,000 | $1,438,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 704 | $116,995,000 | $166,000 | $1,000,000 | $84,000 | $1,438,000 |
| Hispanic | 76 | $9,899,000 | $130,000 | $417,000 | $66,000 | $287,000 |
| Not Provided | 35 | $7,641,000 | $218,000 | $1,380,000 | $112,000 | $600,000 |
| Black or African American | 30 | $3,731,000 | $124,000 | $300,000 | $50,000 | $102,000 |
| Asian | 12 | $2,154,000 | $179,000 | $417,000 | $92,000 | $138,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,141,000 | $190,000 | $417,000 | $84,000 | $180,000 |
| American Indian or Alaskan Native | 1 | $306,000 | $306,000 | $306,000 | $98,000 | $98,000 |
| 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) | 751 | $121,666,000 | $162,000 | $1,380,000 | $86,000 | $1,438,000 |
| FHA-insured (Federal Housing Administration) | 101 | $17,843,000 | $176,000 | $306,000 | $60,000 | $210,000 |
| VA-guaranteed (Veterans Administration) | 12 | $2,358,000 | $196,000 | $262,000 | $49,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 675 | $113,003,000 | $167,000 | $1,380,000 | $85,000 | $1,438,000 |
| Application Approved But Not Accepted | 75 | $11,374,000 | $151,000 | $618,000 | $70,000 | $288,000 |
| Application Withdrawn By Applicant | 54 | $9,369,000 | $173,000 | $734,000 | $81,000 | $285,000 |
| Application Denied By Financial Institution | 51 | $7,226,000 | $141,000 | $506,000 | $71,000 | $360,000 |
| File Closed For Incompleteness | 9 | $895,000 | $99,000 | $158,000 | $48,000 | $64,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 17 | $2,210,000 | $130,000 | $380,000 | $64,000 | $360,000 |
| Credit History | 8 | $1,159,000 | $144,000 | $262,000 | $47,000 | $104,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $466,000 | $93,000 | $228,000 | $83,000 | $144,000 |
| Other | 5 | $618,000 | $123,000 | $207,000 | $90,000 | $120,000 |
| Unverifiable Information | 5 | $545,000 | $109,000 | $232,000 | $51,000 | $92,000 |
| Credit Application Incomplete | 3 | $654,000 | $218,000 | $506,000 | $185,000 | $197,000 |
| Employment History | 3 | $503,000 | $167,000 | $197,000 | $41,000 | $46,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Western Financial LLC's 2006 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 Western Financial 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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with aggregated HMDA statistics today.
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