Lenders › Veritas Funding, LLC › California
Veritas Funding, LLC in California
HMDA record for properties in California, calendar year 2024. National record · California overview
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. Cells under 25 applications are withheld.
In California, Veritas Funding, LLC reported 149 applications and 44 originations for 2024, $16m in all.
Its denial rate in the state was 13.6%, below the California rate of 24.8% across all lenders and compared with the lender's national rate of 11.8%.
The median rate spread on its California originations was 0.4 percentage points (state median 0.4).
Applications in the state were down 60% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Veritas Funding, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 13.6% | 24.8% | 11.8% | 24.3% |
| Median rate spread, pp | 0.4 | 0.4 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.0% | 19.9% | 1.5% | 15.6% |
| Average originated loan | $355k | $566k | $336k | $329k |
| Home purchase share | 0.0% | 51.2% | 38.5% | 57.0% |
| FHA-insured share | 47.7% | 11.4% | 50.8% | 13.4% |
| VA-guaranteed share | 36.4% | 4.8% | 24.5% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Refinancing 11% (5)Cash-out refinancing 89% (39)
By type
Conventional 16% (7)FHA 48% (21)VA 36% (16)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in California
No county in the state reaches 25 applications.
Questions and answers
How many mortgages did Veritas Funding, LLC originate in California in 2024?
44 loans totalling $16m, from 149 applications reported for properties in California.
What is Veritas Funding, LLC's denial rate in California?
13.6% of decided applications in California were denied, against 24.8% for all lenders in the state and 11.8% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which California counties does Veritas Funding, LLC lend in most?
No county in the state reaches 25 applications.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in California. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.