Western Reliance Funding Group Mortgage Lending & HMDA Data, 2012
In 2012, Western Reliance Funding Group of Laguna Hills, CA reported 952 mortgage applications totaling $354.0 million. The average application was for $371,822, and applicants reported an average income of $156,713. 79% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Santa Ana-Anaheim-Irvine, CA (659), Los Angeles-Long Beach-Glendale, CA (124) and Riverside-San Bernardino-Ontario, CA (89) (applications in parentheses).
| Mortgage Company & Address | Western Reliance Funding Group 24422 Avenida De La Carlota Laguna Hills, CA 92653 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 |
| Total Number of Mortgage Applications | 952 |
| Total Mortgage Loan Application Amount | $353,975,000 |
| Average Mortgage Loan Application Amount | $371,822 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $156,713 |
| Highest Applicant Income | $1,490,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Western Reliance Funding Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Santa Ana-Anaheim-Irvine, CA | 659 | $ 250,169,000 | $ 379,619 | $ 147,000 |
| Los Angeles-Long Beach-Glendale, CA | 124 | $ 51,370,000 | $ 414,274 | $ 209,000 |
| Riverside-San Bernardino-Ontario, CA | 89 | $ 24,528,000 | $ 275,595 | $ 165,000 |
| San Diego-Carlsbad-San Marcos, CA | 38 | $ 13,048,000 | $ 343,368 | $ 149,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 12 | $ 4,092,000 | $ 341,000 | $ 141,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 2,225,000 | $ 370,833 | $ 156,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 711,000 | $ 237,000 | $ 122,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 865,000 | $ 288,333 | $ 162,000 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,480,000 | $ 493,333 | $ 293,000 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 1,111,000 | $ 370,333 | $ 136,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 3 | $ 1,685,000 | $ 561,666 | $ 256,000 |
| Bakersfield-Delano, CA | 2 | $ 612,000 | $ 306,000 | $ 135,000 |
| El Centro, CA | 1 | $ 200,000 | $ 200,000 | $ 100,000 |
| Napa, CA | 1 | $ 378,000 | $ 378,000 | $ 133,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 258,000 | $ 258,000 | $ 212,000 |
Mortgage Loan Application Detail Totals for Western Reliance Funding Group 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 | 761 | $281,743,000 | $370,000 | $1,109,000 | $159,000 | $1,490,000 |
| Home Purchase | 190 | $71,732,000 | $377,000 | $1,500,000 | $148,000 | $953,000 |
| Home Improvement | 1 | $500,000 | $500,000 | $500,000 | $72,000 | $72,000 |
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 | 812 | $303,030,000 | $373,000 | $1,500,000 | $157,000 | $1,490,000 |
| Asian | 70 | $27,246,000 | $389,000 | $994,000 | $152,000 | $750,000 |
| Hispanic | 57 | $19,161,000 | $336,000 | $1,049,000 | $162,000 | $1,400,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,010,000 | $335,000 | $521,000 | $93,000 | $198,000 |
| Black or African American | 5 | $1,547,000 | $309,000 | $458,000 | $178,000 | $245,000 |
| Not Provided | 2 | $981,000 | $490,000 | $505,000 | $325,000 | $378,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 856 | $315,984,000 | $369,000 | $1,500,000 | $161,000 | $1,490,000 |
| FHA-insured (Federal Housing Administration) | 94 | $37,137,000 | $395,000 | $729,000 | $120,000 | $467,000 |
| VA-guaranteed (Veterans Administration) | 2 | $854,000 | $427,000 | $517,000 | $128,000 | $161,000 |
| 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 | 755 | $276,091,000 | $365,000 | $1,095,000 | $153,000 | $1,490,000 |
| Application Withdrawn By Applicant | 153 | $61,842,000 | $404,000 | $1,500,000 | $183,000 | $1,400,000 |
| Application Denied By Financial Institution | 27 | $9,851,000 | $364,000 | $729,000 | $145,000 | $750,000 |
| File Closed For Incompleteness | 11 | $4,037,000 | $367,000 | $740,000 | $98,000 | $243,000 |
| Application Approved But Not Accepted | 3 | $1,271,000 | $423,000 | $665,000 | $298,000 | $500,000 |
| Preapproval Denied by Financial Institution | 3 | $883,000 | $294,000 | $333,000 | $65,000 | $84,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 13 | $4,522,000 | $347,000 | $700,000 | $95,000 | $203,000 |
| Credit History | 10 | $3,489,000 | $348,000 | $729,000 | $95,000 | $310,000 |
| Collateral | 3 | $1,019,000 | $339,000 | $394,000 | $167,000 | $320,000 |
| Other | 2 | $612,000 | $306,000 | $416,000 | $445,000 | $750,000 |
| Unverifiable Information | 1 | $481,000 | $481,000 | $481,000 | $429,000 | $429,000 |
| Credit Application Incomplete | 1 | $611,000 | $611,000 | $611,000 | $109,000 | $109,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Western Reliance Funding Group'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 Western Reliance Funding Group'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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