Advent Mortgage, LLC Mortgage Lending & HMDA Data, 2005
In 2005, Advent Mortgage, LLC of Louisville, KY reported 5,731 mortgage applications totaling $788.5 million, up 4757% from 2004. The average application was for $137,583, and applicants reported an average income of $64,430. 29% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Louisville, KY-IN (448), Tampa-St. Petersburg-Clearwater, FL (127) and Indianapolis, IN (124) (applications in parentheses).
| Mortgage Company & Address | Advent Mortgage, LLC 305 N Hurstbourne Ln. Suite 120 Louisville, KY 40222 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 5,731 |
| Total Mortgage Loan Application Amount | $788,493,000 |
| Average Mortgage Loan Application Amount | $137,583 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $64,430 |
| Highest Applicant Income | $1,540,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Advent Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Advent Mortgage, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,781 | $507,476,000 | $136,206 | $1,170,000 | $65,000 | $574,000 |
| Refinancing | 1,950 | $281,017,000 | $147,666 | $1,200,000 | $66,722 | $1,540,000 |
| 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 | 3,435 | $453,981,000 | $133,500 | $1,170,000 | $63,500 | $1,540,000 |
| Not Provided | 1,668 | $243,802,000 | $143,800 | $1,200,000 | $63,800 | $610,000 |
| Black or African American | 377 | $50,937,000 | $159,357 | $645,000 | $59,000 | $225,000 |
| Hispanic | 135 | $22,267,000 | $168,000 | $700,000 | $68,642 | $523,000 |
| Asian | 58 | $9,732,000 | $170,571 | $650,000 | $66,928 | $217,000 |
| American Indian or Alaskan Native | 44 | $5,352,000 | $133,900 | $292,000 | $63,700 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $2,422,000 | $186,000 | $361,000 | $76,600 | $144,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5,534 | $760,804,000 | $136,551 | $1,200,000 | $65,758 | $1,540,000 |
| FHA-insured (Federal Housing Administration) | 111 | $13,730,000 | $139,777 | $350,000 | $55,666 | $111,000 |
| VA-guaranteed (Veterans Administration) | 78 | $12,902,000 | $172,750 | $350,000 | $57,083 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,057,000 | $144,333 | $185,000 | $55,166 | $98,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 3,080 | $451,406,000 | $152,807 | $1,200,000 | $71,115 | $1,200,000 |
| Loan Originated | 1,680 | $193,493,000 | $124,611 | $1,200,000 | $69,444 | $1,540,000 |
| Application Denied By Financial Institution | 947 | $140,201,000 | $145,458 | $650,000 | $57,833 | $550,000 |
| File Closed For Incompleteness | 19 | $2,747,000 | $145,222 | $272,000 | $59,555 | $114,000 |
| Application Approved But Not Accepted | 3 | $390,000 | $130,000 | $250,000 | $40,666 | $55,000 |
| Preapproval Approved but not Accepted | 2 | $256,000 | $128,000 | $131,000 | $46,000 | $62,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 159 | $22,870,000 | $143,000 | $516,000 | $50,000 | $420,000 |
| Other | 56 | $7,778,000 | $146,083 | $360,000 | $72,666 | $216,000 |
| Credit Application Incomplete | 26 | $3,416,000 | $131,500 | $288,000 | $55,500 | $523,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 19 | $3,176,000 | $137,400 | $325,000 | $42,200 | $109,000 |
| Collateral | 9 | $1,325,000 | $154,142 | $270,000 | $67,142 | $143,000 |
| Unverifiable Information | 8 | $1,273,000 | $144,333 | $445,000 | $48,666 | $120,000 |
| Debt-To-Income Ratio | 4 | $701,000 | $180,333 | $221,000 | $56,000 | $67,000 |
| Employment History | 3 | $352,000 | $113,000 | $132,000 | $41,500 | $50,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Advent Mortgage, LLC'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 Advent Mortgage, 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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