Allen Tate Mortgage Partners, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Allen Tate Mortgage Partners, LLC of Charlotte, NC reported 834 mortgage applications totaling $257.2 million, down 45% from 2021. The average application was for $308,345, and applicants reported an average income of $108,854. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (380), Greensboro-High Point, NC (116) and Winston-Salem, NC (83) (applications in parentheses).

Mortgage Company & Address Allen Tate Mortgage Partners, LLC
8640 University Executive Park Dr
Charlotte, NC 28262
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  
Total Number of Mortgage Applications 834
Total Mortgage Loan Application Amount $257,160,000
Average Mortgage Loan Application Amount $308,345
Highest Mortgage Loan Application Amount $2,965,000
Average Applicant Income $108,854
Highest Applicant Income $1,118,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Allen Tate Mortgage Partners, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Allen Tate Mortgage Partners, LLC in 2022

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 787 $243,625,000 $309,000 $2,965,000 $109,000 $1,118,000
Cash-out Refinancing 25 $7,215,000 $288,000 $805,000 $98,000 $195,000
Refinancing 22 $6,320,000 $287,000 $795,000 $116,000 $361,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 671 $208,175,000 $310,000 $2,965,000 $112,000 $1,118,000
Black or African American 51 $14,965,000 $293,000 $685,000 $88,000 $230,000
Hispanic 47 $12,725,000 $270,000 $685,000 $82,000 $265,000
Asian 43 $14,685,000 $341,000 $1,045,000 $125,000 $343,000
Not Provided 17 $4,835,000 $284,000 $485,000 $93,000 $157,000
American Indian or Alaskan Native 4 $1,560,000 $390,000 $615,000 $127,000 $155,000
Native Hawaiian or Other Pacific Islander 1 $215,000 $215,000 $215,000 $58,000 $58,000
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) 706 $223,220,000 $316,000 $2,965,000 $115,000 $1,118,000
FHA-insured (Federal Housing Administration) 71 $17,265,000 $243,000 $425,000 $64,000 $162,000
VA-guaranteed (Veterans Administration) 40 $13,260,000 $331,000 $855,000 $95,000 $182,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 17 $3,415,000 $200,000 $315,000 $59,000 $87,000

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 673 $208,055,000 $309,000 $2,965,000 $108,000 $1,118,000
Application Withdrawn By Applicant 108 $35,290,000 $326,000 $1,045,000 $130,000 $1,102,000
Preapproval Approved but not Accepted 31 $8,205,000 $264,000 $605,000 $75,000 $202,000
Application Denied By Financial Institution 22 $5,610,000 $255,000 $805,000 $81,000 $230,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Not applicable 812 $251,550,000 $309,000 $2,965,000 $110,000 $1,118,000
Debt-To-Income Ratio 6 $2,010,000 $335,000 $805,000 $70,000 $175,000
Credit History 5 $815,000 $163,000 $255,000 $62,000 $104,000
Unverifiable Information 4 $1,530,000 $382,000 $505,000 $137,000 $230,000
Collateral 4 $630,000 $157,000 $325,000 $82,000 $182,000
Employment History 2 $420,000 $210,000 $245,000 $60,000 $85,000
Other 1 $205,000 $205,000 $205,000 $48,000 $48,000
Credit Application Incomplete 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 Allen Tate Mortgage Partners, LLC's 2022 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 Allen Tate Mortgage Partners, 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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