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LLC dba Absolute Mortgage & Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 563 | $ 153,895,000 | $ 273,348 | $ 109,000 |
| Fort Worth-Arlington, TX | 280 | $ 66,100,000 | $ 236,071 | $ 101,000 |
| Houston-The Woodlands-Sugar Land, TX | 266 | $ 65,650,000 | $ 246,804 | $ 116,000 |
| New Orleans-Metairie, LA | 102 | $ 23,850,000 | $ 233,823 | $ 113,000 |
| Austin-Round Rock, TX | 55 | $ 17,005,000 | $ 309,181 | $ 152,000 |
| Outside any metro area | 23 | $ 5,005,000 | $ 217,608 | $ 108,217 |
| San Antonio-New Braunfels, TX | 12 | $ 2,820,000 | $ 235,000 | $ 110,000 |
| Denver-Aurora-Lakewood, CO | 10 | $ 3,550,000 | $ 355,000 | $ 78,000 |
| Beaumont-Port Arthur, TX | 9 | $ 2,515,000 | $ 279,444 | $ 100,000 |
| Shreveport-Bossier City, LA | 9 | $ 1,725,000 | $ 191,666 | $ 53,000 |
| Lafayette, LA | 8 | $ 1,790,000 | $ 223,750 | $ 57,000 |
| Oklahoma City, OK | 7 | $ 1,435,000 | $ 205,000 | $ 105,000 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 4,340,000 | $ 723,333 | $ 237,000 |
| Waco, TX | 6 | $ 1,220,000 | $ 203,333 | $ 54,000 |
| Greeley, CO | 5 | $ 1,775,000 | $ 355,000 | $ 86,000 |
| Gulfport-Biloxi-Pascagoula, MS | 5 | $ 855,000 | $ 171,000 | $ 120,000 |
| Amarillo, TX | 4 | $ 750,000 | $ 187,500 | $ 44,000 |
| Baton Rouge, LA | 4 | $ 1,210,000 | $ 302,500 | $ 190,000 |
| Midland, TX | 4 | $ 980,000 | $ 245,000 | $ 113,000 |
| Corpus Christi, TX | 3 | $ 525,000 | $ 175,000 | $ 60,000 |
| El Paso, TX | 3 | $ 725,000 | $ 241,666 | $ 85,000 |
| Killeen-Temple, TX | 3 | $ 615,000 | $ 205,000 | $ 133,000 |
| Memphis, TN-MS-AR | 3 | $ 295,000 | $ 98,333 | $ 270,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,465,000 | $ 488,333 | $ 92,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 645,000 | $ 215,000 | $ 55,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 640,000 | $ 320,000 | $ 121,000 |
| Lake Charles, LA | 2 | $ 420,000 | $ 210,000 | $ 47,000 |
| Lakeland-Winter Haven, FL | 2 | $ 410,000 | $ 205,000 | $ 70,000 |
| Tyler, TX | 2 | $ 560,000 | $ 280,000 | $ 216,000 |
| Colorado Springs, CO | 1 | $ 515,000 | $ 515,000 | $ 74,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 325,000 | $ 325,000 | $ 75,000 |
| Fort Collins, CO | 1 | $ 465,000 | $ 465,000 | $ 68,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Houma-Thibodaux, LA | 1 | $ 215,000 | $ 215,000 | $ 81,000 |
| Jacksonville, FL | 1 | $ 215,000 | $ 215,000 | $ 54,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 355,000 | $ 355,000 | $ 214,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 325,000 | $ 325,000 | $ 120,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 215,000 | $ 215,000 | $ 44,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 255,000 | $ 255,000 | $ 257,000 |
| Sherman-Denison, TX | 1 | $ 315,000 | $ 315,000 | $ 69,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 115,000 | $ 115,000 | $ 41,000 |
| Texarkana, TX-AR | 1 | $ 195,000 | $ 195,000 | $ 94,000 |
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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