AllMortgageDetail - Mortgage Application Details

Academy Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Academy Mortgage Corporation
1220 East 7800 South
Sandy, UT 84094
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 36,766
Total Mortgage Loan Application Amount $7,248,927,000
Average Mortgage Loan Application Amount $177,973
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $84,093
Highest Applicant Income $7,680,000

Mortgage Loan Application Detail Totals for Academy Mortgage Corporation in 2014

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
Home Purchase 30,881 $5,915,934,000 $191,000 $1,885,000 $78,000 $2,218,000
Refinancing 5,857 $1,326,299,000 $226,000 $3,000,000 $98,000 $7,680,000
Home Improvement 28 $6,694,000 $239,000 $551,000 $95,000 $227,000

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 24,493 $4,962,477,000 $202,000 $2,000,000 $86,000 $7,680,000
Hispanic 5,766 $961,725,000 $166,000 $2,000,000 $61,000 $1,499,000
Black or African American 2,546 $472,034,000 $185,000 $769,000 $69,000 $1,008,000
Not Provided 2,346 $494,922,000 $210,000 $3,000,000 $88,000 $2,160,000
Asian 1,297 $288,479,000 $222,000 $2,518,000 $86,000 $1,512,000
Native Hawaiin or Other Pacific Islander 172 $40,021,000 $232,000 $639,000 $77,000 $405,000
American Indian or Alaskan Native 113 $23,053,000 $204,000 $494,000 $70,000 $283,000
Not applicable 33 $6,216,000 $188,000 $410,000 $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) 19,942 $4,092,012,000 $205,000 $3,000,000 $96,000 $7,680,000
FHA-insured (Federal Housing Administration) 11,680 $2,075,904,000 $177,000 $1,123,000 $61,000 $479,000
VA-guaranteed (Veterans Administration) 3,398 $803,298,000 $236,000 $816,000 $78,000 $575,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,746 $277,713,000 $159,000 $587,000 $49,000 $150,000

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 27,865 $5,459,306,000 $195,000 $1,885,000 $80,000 $2,218,000
Application Withdrawn By Applicant 4,326 $877,547,000 $202,000 $2,518,000 $88,000 $2,582,000
Application Denied By Financial Institution 2,484 $472,147,000 $190,000 $1,353,000 $79,000 $7,680,000
File Closed For Incompleteness 1,900 $402,337,000 $211,000 $3,000,000 $85,000 $2,160,000
Application Approved But Not Accepted 158 $31,374,000 $198,000 $1,000,000 $80,000 $540,000
Loan Purchased By The Institution 33 $6,216,000 $188,000 $410,000 $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
Collateral 0 $0 $0 $0 $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
Unverifiable Information 0 $0 $0 $0 $0 $0