Lenders › Network Capital Funding Corporation
Network Capital Funding Corporation
HMDA reporter, headquartered in Miami, Florida. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Network Capital Funding Corporation reported 12,271 mortgage applications under the Home Mortgage Disclosure Act for 2024 in 27 states, of which 1,049 became loans it originated, for $362m in total.
Its denial rate, the share of decided applications the lender denied, was 60.4%, above the national rate of 24.3% and above the California rate of 24.8%. 9,280 applications were withdrawn by the applicant and 37 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.2 percentage points (national median 0.3); 5.3% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly cash-out refinancing (79%) and refinancing (15%); by loan type, conventional (58%) and FHA (22%).
The largest volumes were in California (257 originations), Florida (154 originations) and Texas (110 originations).
Applications were down 30% on 2023.
VA lender statistics list 2 VA-guaranteed loans for the lender in August 2026.
Compared with California and the nation
| Measure | This lender | California, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 60.4% | 24.8% | 24.3% |
| Median rate spread, percentage points | 0.2 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 5.3% | 19.9% | 15.6% |
| Average originated loan | $345k | $566k | $329k |
| Home purchase share of originations | 5.5% | 51.2% | 57.0% |
| FHA-insured share of originations | 22.3% | 11.4% | 13.4% |
| VA-guaranteed share of originations | 19.4% | 4.8% | 7.9% |
| Applications withdrawn by applicant | 75.6% | 15.4% | 14.3% |
California is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderCaliforniaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 17,009 |
| 2019 | — | — | — | — | — | 27,888 |
| 2020 | — | — | — | — | — | 63,085 |
| 2021 | — | — | — | — | — | 92,108 |
| 2022 | 64,330 | 3,351 | $934m | 83.7% | 0.6 | 64,330 |
| 2023 | 17,532 | 903 | $236m | 83.4% | 0.3 | 17,532 |
| 2024 | 12,271 | 1,049 | $362m | 60.4% | 0.2 | 12,271 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 6% (58)Refinancing 15% (162)Cash-out refinancing 79% (829)
By type
Conventional 58% (611)FHA 22% (234)VA 19% (204)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 7,426 | 611 | 917 | 12.3% |
| FHA-insured | 2,820 | 234 | 569 | 20.2% |
| VA-guaranteed | 2,025 | 204 | 297 | 14.7% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 1,049 | 8.5% |
| 2 Application approved but not accepted | 122 | 1.0% |
| 3 Application denied | 1,783 | 14.5% |
| 4 Application withdrawn by applicant | 9,280 | 75.6% |
| 5 File closed for incompleteness | 37 | 0.3% |
| 6 Purchased loan | 0 | 0.0% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 1,783 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| California | 3,310 | 257 | $108m | 64.0% | 0.1 |
| Florida | 1,822 | 154 | $52m | 57.9% | 0.1 |
| Texas | 1,500 | 110 | $29m | 61.5% | 0.6 |
| North Carolina | 843 | 88 | $29m | 55.3% | 0.1 |
| New Jersey | 830 | 84 | $30m | 56.8% | 0.3 |
| Arizona | 602 | 55 | $17m | 60.9% | 0.1 |
| Virginia | 566 | 62 | $25m | 56.0% | 0.2 |
| Washington | 411 | 27 | $9.8m | 63.2% | 0.2 |
| Maryland | 367 | 22 | $8.4m | 60.6% | — |
| Pennsylvania | 227 | 18 | $6.1m | 72.5% | — |
| Ohio | 203 | 15 | $3.6m | 56.1% | — |
| Nevada | 169 | 6 | $1.7m | 81.8% | — |
| Indiana | 161 | 14 | $3.3m | 56.4% | — |
| Colorado | 161 | 19 | $6.5m | 55.3% | — |
| Oregon | 132 | 12 | $3.5m | 50.0% | — |
| Alabama | 121 | 3 | $445k | 86.5% | — |
| New York | 110 | 15 | $4.6m | 32.1% | — |
| Tennessee | 106 | 15 | $4.0m | 57.5% | — |
| Michigan | 102 | 12 | $3.1m | 48.1% | — |
| Georgia | 96 | 8 | $1.6m | — | — |
| Louisiana | 91 | 10 | $1.7m | 63.6% | — |
| Oklahoma | 67 | 8 | $2.1m | — | — |
| South Carolina | 45 | 7 | $3.2m | — | — |
| Iowa | 40 | 5 | $995k | — | — |
| Minnesota | 40 | 8 | $2.6m | — | — |
| Illinois | 35 | 7 | $1.3m | — | — |
| Kansas | 29 | 0 | $0 | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Los Angeles County | CA | 707 | 45 | $20m | 69.6% |
| Riverside County | CA | 363 | 38 | $15m | 57.3% |
| San Bernardino County | CA | 252 | 29 | $12m | 59.2% |
| Maricopa County | AZ | 316 | 24 | $7.4m | 64.9% |
| Orange County | CA | 221 | 24 | $13m | 55.4% |
| Miami-Dade County | FL | 216 | 22 | $8.0m | 51.1% |
| San Diego County | CA | 270 | 17 | $10m | 64.0% |
| Mecklenburg County | NC | 110 | 16 | $5.5m | 44.8% |
| Harris County | TX | 194 | 14 | $3.7m | 60.5% |
| Sacramento County | CA | 156 | 14 | $4.5m | 60.5% |
| Tarrant County | TX | 107 | 13 | $3.5m | 54.5% |
| Palm Beach County | FL | 155 | 12 | $4.6m | 55.2% |
| Bexar County | TX | 113 | 11 | $2.5m | 54.8% |
| Pima County | AZ | 102 | 11 | $3.5m | 57.1% |
| Ocean County | NJ | 91 | 11 | $3.0m | 56.0% |
| Contra Costa County | CA | 113 | 10 | $4.0m | 63.0% |
| Santa Clara County | CA | 93 | 10 | $4.3m | — |
| Fairfax County | VA | 86 | 10 | $6.1m | — |
| Monmouth County | NJ | 74 | 9 | $3.8m | — |
| Pinellas County | FL | 67 | 9 | $2.4m | — |
| San Joaquin County | CA | 122 | 8 | $2.7m | — |
| Alameda County | CA | 117 | 8 | $4.1m | — |
| Dallas County | TX | 113 | 8 | $1.8m | — |
| Hillsborough County | FL | 104 | 7 | $2.0m | 71.4% |
| Essex County | NJ | 87 | 7 | $2.9m | — |
| Duval County | FL | 57 | 7 | $2.0m | — |
| Union County | NJ | 51 | 7 | $2.7m | — |
| Lee County | FL | 88 | 6 | $1.6m | — |
| Orange County | FL | 86 | 6 | $2.0m | — |
| Kern County | CA | 80 | 6 | $1.7m | — |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 2 | 0 | 1 | 1 |
| Jul 2026 | 3 | 0 | 2 | 1 |
| Jun 2026 | 4 | 0 | 3 | 1 |
| May 2026 | 14 | 1 | 6 | 7 |
| Apr 2026 | 12 | 0 | 10 | 2 |
| Mar 2026 | 11 | 0 | 3 | 8 |
| Feb 2026 | 6 | 0 | 3 | 3 |
| Jan 2026 | 3 | 0 | 3 | 0 |
| Dec 2025 | 4 | 0 | 4 | 0 |
| Nov 2025 | 6 | 0 | 1 | 5 |
| Oct 2025 | 10 | 0 | 2 | 8 |
| Sep 2025 | 15 | 0 | 7 | 8 |
Fiscal-year totals (VA): FY2018 120,008,797 · FY2019 188,315,414 · FY2020 513,628,762 · FY2021 506,109,947 · FY2022 206,750,011 · FY2023 46,011,636 · FY2024 66,167,732 · FY2025 42,232,567. Matched to the VA lender name "NETWORK CAPITAL FUNDING CORPORATION"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Network Capital Funding Corporation originate in 2024?
1,049 loans totalling $362m, from 12,271 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.
What is Network Capital Funding Corporation's denial rate and how does it compare?
60.4% of decided applications were denied in 2024, against 24.3% nationally and 24.8% in California. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Network Capital Funding Corporation lend in most?
By originations: Los Angeles County, CA (45), Riverside County, CA (38), San Bernardino County, CA (29), Maricopa County, AZ (24) and Orange County, CA (24).
What loan types does Network Capital Funding Corporation make?
Conventional 611, FHA 234, VA 204 and USDA 0 originations in 2024; by purpose, home purchase 58, home improvement 0, refinancing 162, cash-out refinancing 829 and other purpose 0.
What reasons did Network Capital Funding Corporation report for denials?
The first denial reason recorded most often was credit history (1,385), debt-to-income ratio (241) and collateral (57), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 1 Oct 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.