American Lending Network Mortgage Lending & HMDA Data, 2004
In 2004, American Lending Network of Orem, UT reported 1,404 mortgage applications totaling $200.6 million, down 39% from 2003. The average application was for $142,884, and applicants reported an average income of $67,425. 84% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Provo-Orem, UT (701), Santa Ana-Anaheim-Irvine, CA (121) and Salt Lake City, UT (102) (applications in parentheses).
| Mortgage Company & Address | American Lending Network 1256 South State Street #201 Orem, UT 84097 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 1,404 |
| Total Mortgage Loan Application Amount | $200,610,000 |
| Average Mortgage Loan Application Amount | $142,884 |
| Highest Mortgage Loan Application Amount | $727,000 |
| Average Applicant Income | $67,425 |
| Highest Applicant Income | $936,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Lending Network filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Utah, Utah | 715 | $ 86,098,000 | $ 120,416 | $ 55,000 |
| Orange, California | 121 | $ 28,202,000 | $ 233,074 | $ 126,000 |
| Salt Lake, Utah | 100 | $ 12,915,000 | $ 129,150 | $ 56,000 |
| Sevier, Utah | 54 | $ 4,944,000 | $ 91,555 | $ 47,000 |
| Los Angeles, California | 45 | $ 11,072,000 | $ 246,044 | $ 105,000 |
| Davis, Utah | 33 | $ 4,314,000 | $ 130,727 | $ 59,000 |
| Riverside, California | 31 | $ 6,675,000 | $ 215,322 | $ 222,000 |
| Washington, Utah | 22 | $ 2,081,000 | $ 94,590 | $ 50,000 |
| Alameda, California | 13 | $ 3,351,000 | $ 257,769 | $ 100,000 |
| Clark, Nevada | 10 | $ 1,704,000 | $ 170,400 | $ 63,000 |
| Sanpete, Utah | 9 | $ 861,000 | $ 95,666 | $ 41,000 |
| San Joaquin, California | 8 | $ 1,202,000 | $ 150,250 | $ 67,000 |
| El Dorado, California | 7 | $ 1,664,000 | $ 237,714 | $ 87,000 |
| Sacramento, California | 6 | $ 825,000 | $ 137,500 | $ 52,000 |
| San Bernardino, California | 6 | $ 743,000 | $ 123,833 | $ 49,000 |
| Stanislaus, California | 5 | $ 765,000 | $ 153,000 | $ 117,000 |
| Placer, California | 4 | $ 714,000 | $ 178,500 | $ 75,000 |
| San Diego, California | 4 | $ 1,067,000 | $ 266,750 | $ 143,000 |
| Wasatch, Utah | 4 | $ 881,000 | $ 220,250 | $ 59,000 |
| Uinta, Wyoming | 4 | $ 477,000 | $ 119,250 | $ 48,000 |
| Contra Costa, California | 3 | $ 1,088,000 | $ 362,666 | $ 330,000 |
| Fresno, California | 3 | $ 722,000 | $ 240,666 | $ 77,000 |
| Ventura, California | 3 | $ 659,000 | $ 219,666 | $ 68,000 |
| Honolulu, Hawaii | 3 | $ 566,000 | $ 188,666 | $ 60,000 |
| Cache, Utah | 3 | $ 192,000 | $ 64,000 | $ 65,000 |
| Weber, Utah | 3 | $ 560,000 | $ 186,666 | $ 78,000 |
| Sweetwater, Wyoming | 3 | $ 334,000 | $ 111,333 | $ 61,000 |
| Monterey, California | 2 | $ 270,000 | $ 135,000 | $ 177,000 |
| San Luis Obispo, California | 2 | $ 611,000 | $ 305,500 | $ 91,000 |
| Douglas, Colorado | 2 | $ 347,000 | $ 173,500 | $ 159,000 |
| Kootenai, Idaho | 2 | $ 114,000 | $ 57,000 | $ 80,000 |
| Madison, Idaho | 2 | $ 144,000 | $ 72,000 | $ 68,000 |
| Eaton, Michigan | 2 | $ 254,000 | $ 127,000 | $ 64,000 |
| Cascade, Montana | 2 | $ 210,000 | $ 105,000 | $ 94,000 |
| Flathead, Montana | 2 | $ 300,000 | $ 150,000 | $ 95,000 |
| Carbon, Utah | 2 | $ 303,000 | $ 151,500 | $ 66,000 |
| Juab, Utah | 2 | $ 256,000 | $ 128,000 | $ 32,000 |
| Millard, Utah | 2 | $ 178,000 | $ 89,000 | $ 30,000 |
| Piute, Utah | 2 | $ 203,000 | $ 101,500 | $ 45,000 |
| Uintah, Utah | 2 | $ 145,000 | $ 72,500 | $ 42,000 |
| Fairfax, Virginia | 2 | $ 484,000 | $ 242,000 | $ 61,000 |
| Albany, Wyoming | 2 | $ 388,000 | $ 194,000 | $ 30,000 |
| Maricopa, Arizona | 1 | $ 268,000 | $ 268,000 | $ 78,000 |
| San Francisco, California | 1 | $ 333,000 | $ 333,000 | $ 78,000 |
| San Mateo, California | 1 | $ 334,000 | $ 334,000 | $ 195,000 |
| Solano, California | 1 | $ 280,000 | $ 280,000 | $ 62,000 |
| Yolo, California | 1 | $ 259,000 | $ 259,000 | $ 42,000 |
| Jefferson, Colorado | 1 | $ 16,000 | $ 16,000 | $ 32,000 |
| Mesa, Colorado | 1 | $ 113,000 | $ 113,000 | $ 113,000 |
| Ada, Idaho | 1 | $ 300,000 | $ 300,000 | $ 180,000 |
| Cassia, Idaho | 1 | $ 115,000 | $ 115,000 | $ 44,000 |
| Fremont, Idaho | 1 | $ 90,000 | $ 90,000 | $ 53,000 |
| Minidoka, Idaho | 1 | $ 87,000 | $ 87,000 | $ 24,000 |
| Oneida, Idaho | 1 | $ 94,000 | $ 94,000 | $ 28,000 |
| St. Louis, Missouri | 1 | $ 48,000 | $ 48,000 | $ 22,000 |
| Midland, Texas | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| Williamson, Texas | 1 | $ 280,000 | $ 280,000 | $ 121,000 |
| Duchesne, Utah | 1 | $ 28,000 | $ 28,000 | $ 104,000 |
| Iron, Utah | 1 | $ 41,000 | $ 41,000 | $ 36,000 |
| Summit, Utah | 1 | $ 300,000 | $ 300,000 | $ 72,000 |
| Tooele, Utah | 1 | $ 124,000 | $ 124,000 | $ 42,000 |
| Wayne, Utah | 1 | $ 117,000 | $ 117,000 | $ 102,000 |
| Prince William, Virginia | 1 | $ 244,000 | $ 244,000 | $ 112,000 |
| King, Washington | 1 | $ 50,000 | $ 50,000 | $ 152,000 |
| Thurston, Washington | 1 | $ 233,000 | $ 233,000 | $ 88,000 |
| Sublette, Wyoming | 1 | $ 75,000 | $ 75,000 | $ 22,000 |
| Teton, Wyoming | 1 | $ 135,000 | $ 135,000 | $ 51,000 |
| Washakie, Wyoming | 1 | $ 160,000 | $ 160,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for American Lending Network in 2004
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 | 780 | $100,610,000 | $169,500 | $727,000 | $73,666 | $360,000 |
| Refinancing | 601 | $97,200,000 | $140,750 | $610,000 | $76,000 | $936,000 |
| Home Improvement | 23 | $2,800,000 | $168,333 | $274,000 | $95,333 | $177,000 |
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 | 1,260 | $178,660,000 | $159,571 | $727,000 | $80,357 | $744,000 |
| Hispanic | 73 | $9,255,000 | $113,200 | $500,000 | $61,800 | $175,000 |
| Asian | 42 | $7,993,000 | $200,250 | $610,000 | $73,750 | $936,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $1,992,000 | $173,333 | $360,000 | $66,333 | $122,000 |
| Not Provided | 8 | $1,427,000 | $152,500 | $507,000 | $67,000 | $144,000 |
| Black or African American | 7 | $1,123,000 | $147,500 | $269,000 | $73,000 | $208,000 |
| American Indian or Alaskan Native | 2 | $160,000 | $80,000 | $113,000 | $132,000 | $151,000 |
| 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) | 1,217 | $176,326,000 | $157,066 | $727,000 | $78,600 | $936,000 |
| FHA-insured (Federal Housing Administration) | 177 | $22,625,000 | $122,200 | $292,000 | $38,600 | $220,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,659,000 | $147,250 | $237,000 | $46,250 | $96,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,180 | $169,881,000 | $149,000 | $727,000 | $77,600 | $936,000 |
| File Closed For Incompleteness | 153 | $21,337,000 | $134,400 | $620,000 | $65,200 | $360,000 |
| Application Withdrawn By Applicant | 46 | $6,010,000 | $155,800 | $450,000 | $79,800 | $744,000 |
| Application Approved But Not Accepted | 10 | $1,107,000 | $170,333 | $343,000 | $58,333 | $140,000 |
| Application Denied By Financial Institution | 10 | $1,313,000 | $186,500 | $395,000 | $87,000 | $200,000 |
| Preapproval Approved but not Accepted | 3 | $627,000 | $209,000 | $400,000 | $69,000 | $79,000 |
| Preapproval Denied by Financial Institution | 2 | $335,000 | $167,000 | $270,000 | $71,000 | $111,000 |
| 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 | 3 | $565,000 | $178,500 | $270,000 | $131,000 | $189,000 |
| Unverifiable Information | 2 | $388,000 | $194,000 | $314,000 | $30,000 | $30,000 |
| Other | 1 | $395,000 | $395,000 | $395,000 | $175,000 | $175,000 |
| Debt-To-Income Ratio | 1 | $65,000 | $65,000 | $65,000 | $32,000 | $32,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Lending Network's 2004 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 American Lending Network'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.
For a list of all lenders in Utah, download the full spreadsheet
with aggregated HMDA statistics today.
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