America's Mortgage Lender, LLC Mortgage Lending & HMDA Data, 2017
In 2017, America's Mortgage Lender, LLC of Whippany, NJ reported 234 mortgage applications totaling $64.8 million. The average application was for $277,089, and applicants reported an average income of $128,487. 31% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Newark, NJ-PA (110), New York-Jersey City-White Plains, NY-NJ (84) and North Port-Sarasota-Bradenton, FL (9) (applications in parentheses).
| Mortgage Company & Address | America's Mortgage Lender, LLC 100 South Jefferson Road, Suite 105 Whippany, NJ 07981 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 |
| Total Number of Mortgage Applications | 234 |
| Total Mortgage Loan Application Amount | $64,839,000 |
| Average Mortgage Loan Application Amount | $277,089 |
| Highest Mortgage Loan Application Amount | $636,000 |
| Average Applicant Income | $128,487 |
| Highest Applicant Income | $1,527,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records America's Mortgage Lender, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 America's Mortgage Lender, LLC in 2017
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 | 186 | $50,908,000 | $273,000 | $636,000 | $109,000 | $1,498,000 |
| Refinancing | 48 | $13,931,000 | $290,000 | $549,000 | $204,000 | $1,527,000 |
| 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 | 107 | $31,518,000 | $294,000 | $636,000 | $177,000 | $1,527,000 |
| Hispanic | 77 | $20,708,000 | $268,000 | $586,000 | $86,000 | $276,000 |
| Black or African American | 40 | $9,858,000 | $246,000 | $515,000 | $90,000 | $211,000 |
| Asian | 5 | $1,464,000 | $292,000 | $458,000 | $87,000 | $154,000 |
| Not Provided | 3 | $866,000 | $288,000 | $540,000 | $81,000 | $119,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $425,000 | $212,000 | $217,000 | $85,000 | $86,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 114 | $30,831,000 | $270,000 | $636,000 | $169,000 | $1,527,000 |
| FHA-insured (Federal Housing Administration) | 111 | $31,067,000 | $279,000 | $599,000 | $88,000 | $571,000 |
| VA-guaranteed (Veterans Administration) | 8 | $2,780,000 | $347,000 | $515,000 | $110,000 | $269,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $161,000 | $161,000 | $161,000 | $59,000 | $59,000 |
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 | 88 | $25,398,000 | $288,000 | $636,000 | $141,000 | $1,498,000 |
| Loan Originated | 73 | $19,823,000 | $271,000 | $599,000 | $107,000 | $571,000 |
| Application Denied By Financial Institution | 49 | $12,794,000 | $261,000 | $540,000 | $118,000 | $1,527,000 |
| File Closed For Incompleteness | 15 | $4,492,000 | $299,000 | $560,000 | $111,000 | $269,000 |
| Application Approved But Not Accepted | 9 | $2,332,000 | $259,000 | $420,000 | $257,000 | $1,527,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 8 | $2,141,000 | $267,000 | $422,000 | $82,000 | $179,000 |
| Employment History | 3 | $654,000 | $218,000 | $281,000 | $72,000 | $99,000 |
| Credit History | 3 | $918,000 | $306,000 | $352,000 | $124,000 | $175,000 |
| Collateral | 1 | $160,000 | $160,000 | $160,000 | $88,000 | $88,000 |
| Credit Application Incomplete | 1 | $181,000 | $181,000 | $181,000 | $52,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into America's Mortgage Lender, LLC's 2017 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 America's Mortgage Lender, 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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