1st Alliance Lending, LLC Mortgage Lending & HMDA Data, 2012
In 2012, 1st Alliance Lending, LLC of East Hartford, CT reported 2,709 mortgage applications totaling $379.5 million, up 141% from 2011. The average application was for $140,103, and applicants reported an average income of $70,044. 39% of its applications resulted in an originated loan and 54% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (89), Tampa-St. Petersburg-Clearwater, FL (86) and Miami-Miami Beach-Kendall, FL (77) (applications in parentheses).
| Mortgage Company & Address | 1st Alliance Lending, LLC 111 Founders Plaza, Suite 1300 East Hartford, CT 06108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 2,709 |
| Total Mortgage Loan Application Amount | $379,540,000 |
| Average Mortgage Loan Application Amount | $140,103 |
| Highest Mortgage Loan Application Amount | $652,000 |
| Average Applicant Income | $70,044 |
| Highest Applicant Income | $375,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Alliance Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for 1st Alliance Lending, LLC 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 | 2,685 | $375,943,000 | $140,000 | $652,000 | $70,000 | $375,000 |
| Home Purchase | 24 | $3,597,000 | $149,000 | $277,000 | $75,000 | $217,000 |
| 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 | 1,420 | $198,032,000 | $139,000 | $652,000 | $70,000 | $331,000 |
| Black or African American | 800 | $107,255,000 | $134,000 | $637,000 | $69,000 | $375,000 |
| Hispanic | 366 | $52,561,000 | $143,000 | $532,000 | $67,000 | $263,000 |
| Asian | 47 | $11,358,000 | $241,000 | $604,000 | $97,000 | $191,000 |
| Not Provided | 38 | $4,114,000 | $108,000 | $439,000 | $51,000 | $112,000 |
| American Indian or Alaskan Native | 20 | $2,940,000 | $147,000 | $321,000 | $68,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 18 | $3,280,000 | $182,000 | $340,000 | $85,000 | $134,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,701 | $378,180,000 | $140,000 | $652,000 | $70,000 | $375,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 7 | $1,247,000 | $178,000 | $350,000 | $127,000 | $222,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $113,000 | $113,000 | $113,000 | $44,000 | $44,000 |
| 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 Denied By Financial Institution | 1,474 | $197,231,000 | $133,000 | $622,000 | $66,000 | $375,000 |
| Loan Originated | 1,050 | $155,435,000 | $148,000 | $637,000 | $76,000 | $325,000 |
| Application Withdrawn By Applicant | 179 | $26,025,000 | $145,000 | $652,000 | $67,000 | $293,000 |
| File Closed For Incompleteness | 5 | $751,000 | $150,000 | $274,000 | $68,000 | $115,000 |
| Preapproval Denied by Financial Institution | 1 | $98,000 | $98,000 | $98,000 | $54,000 | $54,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 579 | $77,015,000 | $133,000 | $604,000 | $66,000 | $375,000 |
| Other | 369 | $51,426,000 | $139,000 | $591,000 | $69,000 | $331,000 |
| Debt-To-Income Ratio | 199 | $27,811,000 | $139,000 | $622,000 | $61,000 | $375,000 |
| Collateral | 153 | $16,692,000 | $109,000 | $504,000 | $59,000 | $197,000 |
| Credit Application Incomplete | 52 | $8,749,000 | $168,000 | $543,000 | $83,000 | $227,000 |
| Unverifiable Information | 47 | $6,497,000 | $138,000 | $318,000 | $73,000 | $182,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 43 | $5,089,000 | $118,000 | $527,000 | $53,000 | $173,000 |
| Employment History | 22 | $2,770,000 | $125,000 | $352,000 | $57,000 | $114,000 |
| Mortgage Insurance Denied | 8 | $825,000 | $103,000 | $187,000 | $62,000 | $111,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Alliance Lending, LLC'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 1st Alliance Lending, 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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