Accredited Mortgage Service Mortgage Lending & HMDA Data, 2005
In 2005, Accredited Mortgage Service of Holmdel, NJ reported 606 mortgage applications totaling $73.8 million. The average application was for $121,782, and applicants reported an average income of $63,884. 15% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Philadelphia, PA (66), Pittsburgh, PA (42) and Edison, NJ (39) (applications in parentheses).
| Mortgage Company & Address | Accredited Mortgage Service 2139 Hwy 35 Holmdel, NJ 07733 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 606 |
| Total Mortgage Loan Application Amount | $73,800,000 |
| Average Mortgage Loan Application Amount | $121,782 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $63,884 |
| Highest Applicant Income | $800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Accredited Mortgage Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Philadelphia, PA | 66 | $ 5,591,000 | $ 84,712 | $ 69,000 |
| Pittsburgh, PA | 42 | $ 2,957,000 | $ 70,404 | $ 46,000 |
| Edison, NJ | 39 | $ 7,158,000 | $ 183,538 | $ 70,000 |
| Camden, NJ | 35 | $ 3,726,000 | $ 106,457 | $ 52,000 |
| New York-Wayne-White Plains, NY-NJ | 33 | $ 6,494,000 | $ 196,787 | $ 95,000 |
| Newark-Union, NJ-PA | 24 | $ 4,116,000 | $ 171,500 | $ 76,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 20 | $ 2,902,000 | $ 145,100 | $ 56,000 |
| Nassau-Suffolk, NY | 19 | $ 4,493,000 | $ 236,473 | $ 108,000 |
| Rochester, NY | 17 | $ 1,564,000 | $ 92,000 | $ 51,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 1,170,000 | $ 78,000 | $ 45,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 13 | $ 2,110,000 | $ 162,307 | $ 102,000 |
| Atlantic City, NJ | 13 | $ 1,774,000 | $ 136,461 | $ 66,000 |
| Jacksonville, FL | 11 | $ 962,000 | $ 87,454 | $ 70,000 |
| Lancaster, PA | 11 | $ 944,000 | $ 85,818 | $ 87,000 |
| Harrisburg-Carlisle, PA | 10 | $ 846,000 | $ 84,600 | $ 62,000 |
| Providence-New Bedford-Fall River, RI-MA | 10 | $ 1,184,000 | $ 118,400 | $ 55,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 9 | $ 1,542,000 | $ 171,333 | $ 83,000 |
| Wilmington, DE-MD-NJ | 8 | $ 782,000 | $ 97,750 | $ 45,000 |
| York-Hanover, PA | 8 | $ 718,000 | $ 89,750 | $ 48,000 |
| Albany-Schenectady-Troy, NY | 7 | $ 861,000 | $ 123,000 | $ 82,000 |
| Baltimore-Towson, MD | 7 | $ 600,000 | $ 85,714 | $ 65,000 |
| Port St. Lucie-Fort Pierce, FL | 7 | $ 467,000 | $ 66,714 | $ 35,000 |
| Orlando, FL | 6 | $ 407,000 | $ 67,833 | $ 65,000 |
| Glens Falls, NY | 5 | $ 575,000 | $ 115,000 | $ 38,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 599,000 | $ 119,800 | $ 76,000 |
| Ocala, FL | 5 | $ 390,000 | $ 78,000 | $ 43,000 |
| Trenton-Ewing, NJ | 5 | $ 671,000 | $ 134,200 | $ 67,000 |
| Vineland-Millville-Bridgeton, NJ | 5 | $ 783,000 | $ 156,600 | $ 53,000 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 323,000 | $ 80,750 | $ 58,000 |
| Kingston, NY | 4 | $ 350,000 | $ 87,500 | $ 68,000 |
| Lakeland, FL | 4 | $ 244,000 | $ 61,000 | $ 56,000 |
| Reading, PA | 4 | $ 678,000 | $ 169,500 | $ 54,000 |
| Syracuse, NY | 4 | $ 293,000 | $ 73,250 | $ 48,000 |
| Utica-Rome, NY | 4 | $ 327,000 | $ 81,750 | $ 47,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 408,000 | $ 102,000 | $ 96,000 |
| Buffalo-Niagara Falls, NY | 3 | $ 220,000 | $ 73,333 | $ 53,000 |
| Ocean City, NJ | 3 | $ 437,000 | $ 145,666 | $ 68,000 |
| Williamsport, PA | 3 | $ 280,000 | $ 93,333 | $ 66,000 |
| Altoona, PA | 2 | $ 68,000 | $ 34,000 | $ 37,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 210,000 | $ 105,000 | $ 87,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 137,000 | $ 68,500 | $ 31,000 |
| Erie, PA | 2 | $ 115,000 | $ 57,500 | $ 88,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 64,000 | $ 32,000 | $ 41,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 233,000 | $ 116,500 | $ 50,000 |
| Binghamton, NY | 1 | $ 35,000 | $ 35,000 | $ 16,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 34,000 | $ 34,000 | $ 60,000 |
| Dover, DE | 1 | $ 21,000 | $ 21,000 | $ 44,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 365,000 | $ 365,000 | $ 70,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 75,000 | $ 75,000 | $ 36,000 |
| Ithaca, NY | 1 | $ 78,000 | $ 78,000 | $ 40,000 |
| Johnstown, PA | 1 | $ 70,000 | $ 70,000 | $ 63,000 |
| Naples-Marco Island, FL | 1 | $ 50,000 | $ 50,000 | $ 25,000 |
| New Haven-Milford, CT | 1 | $ 42,000 | $ 42,000 | $ 129,000 |
| Norwich-New London, CT | 1 | $ 110,000 | $ 110,000 | $ 93,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 67,000 | $ 67,000 | $ 40,000 |
| Panama City-Lynn Haven, FL | 1 | $ 178,000 | $ 178,000 | $ 34,000 |
| Punta Gorda, FL | 1 | $ 85,000 | $ 85,000 | $ 26,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 58,000 | $ 58,000 | $ 24,000 |
| Tallahassee, FL | 1 | $ 102,000 | $ 102,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Accredited Mortgage Service in 2005
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 | 595 | $72,120,000 | $111,000 | $1,350,000 | $61,500 | $800,000 |
| Home Improvement | 7 | $643,000 | $102,000 | $150,000 | $44,000 | $85,000 |
| Home Purchase | 4 | $1,037,000 | $294,500 | $365,000 | $71,500 | $105,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 491 | $57,668,000 | $111,500 | $1,350,000 | $60,875 | $800,000 |
| White | 70 | $9,796,000 | $114,166 | $398,000 | $74,833 | $247,000 |
| Hispanic | 33 | $4,509,000 | $114,666 | $393,000 | $63,500 | $176,000 |
| Black or African American | 12 | $1,827,000 | $164,000 | $425,000 | $84,666 | $192,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 606 | $73,800,000 | $111,625 | $1,350,000 | $61,375 | $800,000 |
| 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 | 315 | $36,123,000 | $105,625 | $700,000 | $65,000 | $400,000 |
| Application Denied By Financial Institution | 197 | $23,643,000 | $113,750 | $1,350,000 | $50,625 | $800,000 |
| Loan Originated | 93 | $13,809,000 | $124,333 | $425,000 | $79,666 | $247,000 |
| Application Approved But Not Accepted | 1 | $225,000 | $225,000 | $225,000 | $154,000 | $154,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 135 | $15,484,000 | $101,500 | $1,350,000 | $53,250 | $800,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 38 | $4,919,000 | $121,833 | $1,165,000 | $41,500 | $276,000 |
| Collateral | 3 | $248,000 | $82,666 | $130,000 | $47,666 | $55,000 |
| Debt-To-Income Ratio | 2 | $313,000 | $156,500 | $250,000 | $28,500 | $42,000 |
| Other | 2 | $123,000 | $61,500 | $88,000 | $33,500 | $51,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Accredited Mortgage Service's 2005 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 Accredited Mortgage Service'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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