Woodland Hills Mortgage Corporation Mortgage Lending & HMDA Data, 2019

In 2019, Woodland Hills Mortgage Corporation of Woodland Hills, CA reported 75 mortgage applications totaling $27.6 million, down 5% from 2018. The average application was for $367,800, and applicants reported an average income of $89,386. 45% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (27), Riverside-San Bernardino-Ontario, CA (8) and Oakland-Hayward-Berkeley, CA (5) (applications in parentheses).

Mortgage Company & Address Woodland Hills Mortgage Corporation
21777 Ventura Blvd
Woodland Hills, CA 91364
Tel #: available with data download
Federal Regulator * available with data download
Years 2019  2018  
Total Number of Mortgage Applications 75
Total Mortgage Loan Application Amount $27,585,000
Average Mortgage Loan Application Amount $367,800
Highest Mortgage Loan Application Amount $2,435,000
Average Applicant Income $89,386
Highest Applicant Income $997,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Woodland Hills Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Woodland Hills Mortgage Corporation in 2019

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 39 $13,885,000 $356,000 $1,155,000 $65,000 $420,000
Home Purchase 17 $6,835,000 $402,000 $2,435,000 $119,000 $596,000
Cash-out Refinancing 13 $5,255,000 $404,000 $1,805,000 $146,000 $997,000
Home Improvement 4 $480,000 $120,000 $155,000 $62,000 $127,000
Not Applicable 2 $1,130,000 $565,000 $875,000 $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
White 31 $10,895,000 $351,000 $1,155,000 $116,000 $997,000
Not Provided 21 $7,055,000 $335,000 $1,805,000 $56,000 $420,000
Hispanic 17 $5,915,000 $347,000 $865,000 $57,000 $212,000
Black or African American 4 $830,000 $207,000 $255,000 $79,000 $141,000
Asian 1 $2,435,000 $2,435,000 $2,435,000 $596,000 $596,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 75 $27,585,000 $367,000 $2,435,000 $90,000 $997,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
Application Withdrawn By Applicant 38 $11,300,000 $297,000 $1,805,000 $73,000 $997,000
Loan Originated 34 $14,690,000 $432,000 $2,435,000 $118,000 $596,000
Application Denied By Financial Institution 2 $720,000 $360,000 $405,000 $0 $0
File Closed For Incompleteness 1 $875,000 $875,000 $875,000 $0 $0
Application Approved But Not Accepted 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
Not applicable 73 $26,865,000 $368,000 $2,435,000 $93,000 $997,000
Unverifiable Information 1 $405,000 $405,000 $405,000 $0 $0
Collateral 1 $315,000 $315,000 $315,000 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Woodland Hills Mortgage Corporation's 2019 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 Woodland Hills Mortgage Corporation'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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