Aml Funding LLC dba Absolute Mortgage & Lending Mortgage Lending & HMDA Data, 2021
In 2021, Aml Funding LLC dba Absolute Mortgage & Lending of Dallas, TX reported 1,417 mortgage applications totaling $366.5 million. The average application was for $258,613, and applicants reported an average income of $110,148. 76% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas-Plano-Irving, TX (563), Fort Worth-Arlington, TX (280) and Houston-The Woodlands-Sugar Land, TX (266) (applications in parentheses).
| Mortgage Company & Address | Aml Funding LLC dba Absolute Mortgage & Lending 4230 Lyndon B Johnson Fwy #626 Dallas, TX 75244 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 |
| Total Number of Mortgage Applications | 1,417 |
| Total Mortgage Loan Application Amount | $366,455,000 |
| Average Mortgage Loan Application Amount | $258,613 |
| Highest Mortgage Loan Application Amount | $1,355,000 |
| Average Applicant Income | $110,148 |
| Highest Applicant Income | $1,744,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aml Funding LLC dba Absolute Mortgage & Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Aml Funding LLC dba Absolute Mortgage & Lending in 2021
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 | 865 | $238,325,000 | $275,000 | $1,355,000 | $108,000 | $602,000 |
| Refinancing | 416 | $94,640,000 | $227,000 | $605,000 | $112,000 | $1,744,000 |
| Cash-out Refinancing | 134 | $33,100,000 | $247,000 | $545,000 | $119,000 | $441,000 |
| Other Purpose | 2 | $390,000 | $195,000 | $215,000 | $61,000 | $72,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Asian | 1,172 | $296,960,000 | $253,000 | $1,355,000 | $109,000 | $1,744,000 |
| White | 107 | $32,225,000 | $301,000 | $695,000 | $132,000 | $453,000 |
| Hispanic | 94 | $23,810,000 | $253,000 | $825,000 | $101,000 | $575,000 |
| Black or African American | 40 | $12,270,000 | $306,000 | $545,000 | $107,000 | $265,000 |
| American Indian or Alaskan Native | 2 | $280,000 | $140,000 | $165,000 | $44,000 | $45,000 |
| Not Provided | 2 | $910,000 | $455,000 | $485,000 | $136,000 | $163,000 |
| 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) | 1,371 | $353,735,000 | $258,000 | $1,355,000 | $111,000 | $1,744,000 |
| FHA-insured (Federal Housing Administration) | 41 | $11,215,000 | $273,000 | $415,000 | $81,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,115,000 | $371,000 | $475,000 | $101,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $390,000 | $195,000 | $215,000 | $59,000 | $63,000 |
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 | 1,080 | $279,040,000 | $258,000 | $775,000 | $109,000 | $575,000 |
| Application Withdrawn By Applicant | 305 | $79,025,000 | $259,000 | $1,355,000 | $117,000 | $1,744,000 |
| Application Denied By Financial Institution | 32 | $8,390,000 | $262,000 | $515,000 | $95,000 | $412,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1,396 | $361,070,000 | $258,000 | $1,355,000 | $110,000 | $1,744,000 |
| Credit History | 9 | $2,175,000 | $241,000 | $365,000 | $72,000 | $184,000 |
| Unverifiable Information | 5 | $1,075,000 | $215,000 | $285,000 | $65,000 | $92,000 |
| Collateral | 3 | $1,055,000 | $351,000 | $375,000 | $336,000 | $412,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $855,000 | $285,000 | $345,000 | $72,000 | $81,000 |
| Employment History | 1 | $225,000 | $225,000 | $225,000 | $71,000 | $71,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aml Funding LLC dba Absolute Mortgage & Lending's 2021 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 Aml Funding LLC dba Absolute Mortgage & Lending'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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