Angel Oak Prime Bridge, LLC Mortgage Lending & HMDA Data, 2018

In 2018, Angel Oak Prime Bridge, LLC of Atlanta, GA reported 1,957 mortgage applications totaling $270.1 million. The average application was for $138,014, and applicants reported an average income of $127,006. 23% of its applications resulted in an originated loan and 64% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (786), Columbus, GA-AL (5) and Albany, GA (3) (applications in parentheses).

Mortgage Company & Address Angel Oak Prime Bridge, LLC
980 Hammond Dr
Atlanta, GA 30328
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  
Total Number of Mortgage Applications 1,957
Total Mortgage Loan Application Amount $270,095,000
Average Mortgage Loan Application Amount $138,014
Highest Mortgage Loan Application Amount $3,185,000
Average Applicant Income $127,006
Highest Applicant Income $5,160,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Angel Oak Prime Bridge, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Angel Oak Prime Bridge, LLC in 2018

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
Other Purpose 983 $75,115,000 $76,000 $3,185,000 $137,000 $3,720,000
Home Purchase 758 $142,740,000 $188,000 $1,965,000 $113,000 $5,160,000
Home Improvement 132 $33,940,000 $257,000 $2,205,000 $142,000 $1,772,000
Refinancing 51 $13,725,000 $269,000 $1,935,000 $118,000 $1,440,000
Cash-out Refinancing 33 $4,575,000 $138,000 $455,000 $105,000 $900,000
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
Not Provided 1,957 $270,095,000 $138,000 $3,185,000 $127,000 $5,160,000
White 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
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) 1,957 $270,095,000 $138,000 $3,185,000 $127,000 $5,160,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
Application Denied By Financial Institution 1,256 $128,250,000 $102,000 $3,185,000 $135,000 $3,720,000
Loan Originated 448 $88,880,000 $198,000 $1,455,000 $88,000 $616,000
Application Withdrawn By Applicant 251 $52,545,000 $209,000 $1,935,000 $154,000 $5,160,000
File Closed For Incompleteness 1 $245,000 $245,000 $245,000 $158,000 $158,000
Application Approved But Not Accepted 1 $175,000 $175,000 $175,000 $101,000 $101,000
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
Credit Application Incomplete 1,228 $123,920,000 $100,000 $3,185,000 $136,000 $3,720,000
Not applicable 701 $141,845,000 $202,000 $1,935,000 $112,000 $5,160,000
Credit History 23 $3,895,000 $169,000 $525,000 $113,000 $600,000
Mortgage Insurance Denied 3 $85,000 $28,000 $75,000 $234,000 $521,000
Collateral 1 $135,000 $135,000 $135,000 $60,000 $60,000
Insufficient Cash (Downpayment, Closing Cost) 1 $215,000 $215,000 $215,000 $90,000 $90,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Angel Oak Prime Bridge, LLC's 2018 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 Angel Oak Prime Bridge, 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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