Adp FCU Mortgage Lending & HMDA Data, 2014
In 2014, Adp FCU of Roseland, NJ reported 77 mortgage applications totaling $8.0 million, up 13% from 2013. The average application was for $103,688, and applicants reported an average income of $114,675. 23% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Newark, NJ-PA (12), Atlanta-Sandy Springs-Roswell, GA (9) and New York-Jersey City-White Plains, NY-NJ (9) (applications in parentheses).
| Mortgage Company & Address | Adp FCU One Adp Blvd Roseland, NJ 07068 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 77 |
| Total Mortgage Loan Application Amount | $7,984,000 |
| Average Mortgage Loan Application Amount | $103,688 |
| Highest Mortgage Loan Application Amount | $432,000 |
| Average Applicant Income | $114,675 |
| Highest Applicant Income | $280,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Adp FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Morris, New Jersey | 6 | $ 833,000 | $ 138,833 | $ 151,000 |
| Fulton, Georgia | 4 | $ 340,000 | $ 85,000 | $ 125,000 |
| Maricopa, Arizona | 3 | $ 250,000 | $ 83,333 | $ 68,000 |
| Los Angeles, California | 2 | $ 378,000 | $ 189,000 | $ 80,000 |
| Orange, California | 2 | $ 295,000 | $ 147,500 | $ 109,000 |
| Miami-Dade, Florida | 2 | $ 183,000 | $ 91,500 | $ 97,000 |
| DeKalb, Illinois | 2 | $ 270,000 | $ 135,000 | $ 166,000 |
| Essex, New Jersey | 2 | $ 211,000 | $ 105,500 | $ 53,000 |
| Hunterdon, New Jersey | 2 | $ 178,000 | $ 89,000 | $ 91,000 |
| Middlesex, New Jersey | 2 | $ 70,000 | $ 35,000 | $ 46,000 |
| Passaic, New Jersey | 2 | $ 40,000 | $ 20,000 | $ 74,000 |
| Westchester, New York | 2 | $ 175,000 | $ 87,500 | $ 246,000 |
| Montgomery, Pennsylvania | 2 | $ 32,000 | $ 16,000 | $ 78,000 |
| El Paso, Texas | 2 | $ 85,000 | $ 42,500 | $ 54,000 |
| Tarrant, Texas | 2 | $ 107,000 | $ 53,500 | $ 81,000 |
| Wasatch, Utah | 2 | $ 436,000 | $ 218,000 | $ 56,000 |
| Riverside, California | 1 | $ 10,000 | $ 10,000 | $ 75,000 |
| Sacramento, California | 1 | $ 274,000 | $ 274,000 | $ 136,000 |
| San Joaquin, California | 1 | $ 170,000 | $ 170,000 | $ 72,000 |
| Santa Clara, California | 1 | $ 100,000 | $ 100,000 | $ 73,000 |
| Ventura, California | 1 | $ 30,000 | $ 30,000 | $ 183,000 |
| Adams, Colorado | 1 | $ 100,000 | $ 100,000 | $ 117,000 |
| District of Columbia, District Of Columbia | 1 | $ 10,000 | $ 10,000 | $ 23,000 |
| Palm Beach, Florida | 1 | $ 125,000 | $ 125,000 | $ 190,000 |
| Pinellas, Florida | 1 | $ 52,000 | $ 52,000 | $ 110,000 |
| Cobb, Georgia | 1 | $ 100,000 | $ 100,000 | $ 245,000 |
| DeKalb, Georgia | 1 | $ 26,000 | $ 26,000 | $ 199,000 |
| Douglas, Georgia | 1 | $ 210,000 | $ 210,000 | $ 132,000 |
| Forsyth, Georgia | 1 | $ 24,000 | $ 24,000 | $ 114,000 |
| Paulding, Georgia | 1 | $ 180,000 | $ 180,000 | $ 70,000 |
| Cook, Illinois | 1 | $ 38,000 | $ 38,000 | $ 156,000 |
| DuPage, Illinois | 1 | $ 35,000 | $ 35,000 | $ 132,000 |
| Kane, Illinois | 1 | $ 20,000 | $ 20,000 | $ 61,000 |
| McHenry, Illinois | 1 | $ 417,000 | $ 417,000 | $ 168,000 |
| Polk, Iowa | 1 | $ 128,000 | $ 128,000 | $ 133,000 |
| Johnson, Kansas | 1 | $ 40,000 | $ 40,000 | $ 101,000 |
| Jefferson, Kentucky | 1 | $ 87,000 | $ 87,000 | $ 137,000 |
| Essex, Massachusetts | 1 | $ 350,000 | $ 350,000 | $ 241,000 |
| Oakland, Michigan | 1 | $ 100,000 | $ 100,000 | $ 235,000 |
| Blue Earth, Minnesota | 1 | $ 25,000 | $ 25,000 | $ 93,000 |
| Bergen, New Jersey | 1 | $ 432,000 | $ 432,000 | $ 140,000 |
| Ocean, New Jersey | 1 | $ 50,000 | $ 50,000 | $ 183,000 |
| Union, New Jersey | 1 | $ 51,000 | $ 51,000 | $ 94,000 |
| Warren, New Jersey | 1 | $ 25,000 | $ 25,000 | $ 136,000 |
| Niagara, New York | 1 | $ 120,000 | $ 120,000 | $ 55,000 |
| Rockland, New York | 1 | $ 10,000 | $ 10,000 | $ 87,000 |
| Saratoga, New York | 1 | $ 245,000 | $ 245,000 | $ 138,000 |
| Rogers, Oklahoma | 1 | $ 10,000 | $ 10,000 | $ 63,000 |
| Allegheny, Pennsylvania | 1 | $ 103,000 | $ 103,000 | $ 106,000 |
| Beaver, Pennsylvania | 1 | $ 134,000 | $ 134,000 | $ 56,000 |
| Lehigh, Pennsylvania | 1 | $ 10,000 | $ 10,000 | $ 139,000 |
| Pike, Pennsylvania | 1 | $ 45,000 | $ 45,000 | $ 83,000 |
| King, Washington | 1 | $ 15,000 | $ 15,000 | $ 63,000 |
| Laramie, Wyoming | 1 | $ 200,000 | $ 200,000 | $ 250,000 |
Mortgage Loan Application Detail Totals for Adp FCU 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 |
|---|---|---|---|---|---|---|
| Refinancing | 43 | $4,068,000 | $94,000 | $350,000 | $106,000 | $250,000 |
| Home Improvement | 22 | $1,279,000 | $58,000 | $274,000 | $126,000 | $280,000 |
| Home Purchase | 12 | $2,637,000 | $219,000 | $432,000 | $125,000 | $171,000 |
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 | 53 | $4,133,000 | $77,000 | $350,000 | $116,000 | $280,000 |
| White | 16 | $2,115,000 | $132,000 | $410,000 | $112,000 | $250,000 |
| Hispanic | 5 | $776,000 | $155,000 | $348,000 | $100,000 | $153,000 |
| American Indian or Alaskan Native | 1 | $417,000 | $417,000 | $417,000 | $168,000 | $168,000 |
| Asian | 1 | $432,000 | $432,000 | $432,000 | $140,000 | $140,000 |
| Black or African American | 1 | $111,000 | $111,000 | $111,000 | $72,000 | $72,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 77 | $7,984,000 | $103,000 | $432,000 | $115,000 | $280,000 |
| 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 Denied By Financial Institution | 32 | $2,323,000 | $72,000 | $274,000 | $100,000 | $213,000 |
| Application Withdrawn By Applicant | 20 | $2,397,000 | $119,000 | $417,000 | $132,000 | $245,000 |
| Loan Originated | 18 | $1,724,000 | $95,000 | $348,000 | $127,000 | $280,000 |
| File Closed For Incompleteness | 7 | $1,540,000 | $220,000 | $432,000 | $101,000 | $171,000 |
| 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 |
| 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 | 12 | $792,000 | $66,000 | $128,000 | $91,000 | $190,000 |
| Other | 11 | $818,000 | $74,000 | $274,000 | $124,000 | $174,000 |
| Debt-To-Income Ratio | 5 | $511,000 | $102,000 | $170,000 | $87,000 | $213,000 |
| Collateral | 3 | $68,000 | $22,000 | $50,000 | $88,000 | $105,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Adp FCU's 2014 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 Adp FCU'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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