Axiom Financial LLC Mortgage Lending & HMDA Data, 2015
In 2015, Axiom Financial LLC of Sandy, UT reported 3,666 mortgage applications totaling $724.6 million, down 4% from 2014. The average application was for $197,665, and applicants reported an average income of $77,184. 75% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Salt Lake City, UT (1,488), Provo-Orem, UT (987) and Ogden-Clearfield, UT (974) (applications in parentheses).
| Mortgage Company & Address | Axiom Financial LLC 9350 South 150 East Suite 140 Sandy, UT 84070 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 3,666 |
| Total Mortgage Loan Application Amount | $724,642,000 |
| Average Mortgage Loan Application Amount | $197,665 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $77,184 |
| Highest Applicant Income | $2,284,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Axiom Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Salt Lake City, UT | 1,488 | $ 314,384,000 | $ 211,279 | $ 82,000 |
| Provo-Orem, UT | 987 | $ 198,563,000 | $ 201,178 | $ 77,000 |
| Ogden-Clearfield, UT | 974 | $ 168,293,000 | $ 172,785 | $ 64,000 |
| St. George, UT | 58 | $ 10,232,000 | $ 176,413 | $ 66,000 |
| Logan, UT-ID | 17 | $ 3,634,000 | $ 213,764 | $ 128,000 |
| Phoenix-Mesa-Scottsdale, AZ | 10 | $ 2,210,000 | $ 221,000 | $ 99,000 |
| Pocatello, ID | 2 | $ 159,000 | $ 79,500 | $ 75,000 |
| Sierra Vista-Douglas, AZ | 2 | $ 462,000 | $ 231,000 | $ 149,000 |
| Boise City, ID | 1 | $ 193,000 | $ 193,000 | $ 107,000 |
| Idaho Falls, ID | 1 | $ 101,000 | $ 101,000 | $ 21,000 |
Mortgage Loan Application Detail Totals for Axiom Financial LLC in 2015
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 | 2,610 | $488,117,000 | $187,000 | $1,056,000 | $72,000 | $1,498,000 |
| Refinancing | 1,056 | $236,525,000 | $223,000 | $2,000,000 | $90,000 | $2,284,000 |
| 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 | 3,129 | $638,022,000 | $203,000 | $2,000,000 | $79,000 | $2,284,000 |
| Hispanic | 373 | $52,924,000 | $141,000 | $472,000 | $47,000 | $218,000 |
| Asian | 88 | $18,439,000 | $209,000 | $417,000 | $106,000 | $954,000 |
| Not Provided | 32 | $7,307,000 | $228,000 | $1,000,000 | $174,000 | $1,103,000 |
| American Indian or Alaskan Native | 18 | $2,927,000 | $162,000 | $318,000 | $51,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $2,460,000 | $175,000 | $309,000 | $109,000 | $720,000 |
| Black or African American | 12 | $2,563,000 | $213,000 | $379,000 | $57,000 | $168,000 |
| 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) | 2,229 | $436,857,000 | $195,000 | $2,000,000 | $91,000 | $2,284,000 |
| FHA-insured (Federal Housing Administration) | 1,018 | $194,327,000 | $190,000 | $438,000 | $52,000 | $1,103,000 |
| VA-guaranteed (Veterans Administration) | 273 | $66,421,000 | $243,000 | $556,000 | $69,000 | $252,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 146 | $27,037,000 | $185,000 | $342,000 | $51,000 | $97,000 |
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 | 2,734 | $537,109,000 | $196,000 | $1,139,000 | $71,000 | $991,000 |
| Application Withdrawn By Applicant | 803 | $161,485,000 | $201,000 | $1,056,000 | $96,000 | $1,498,000 |
| Application Denied By Financial Institution | 115 | $22,677,000 | $197,000 | $2,000,000 | $78,000 | $2,284,000 |
| Application Approved But Not Accepted | 14 | $3,371,000 | $240,000 | $417,000 | $72,000 | $111,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 46 | $9,490,000 | $206,000 | $880,000 | $61,000 | $174,000 |
| Credit Application Incomplete | 30 | $7,685,000 | $256,000 | $2,000,000 | $143,000 | $2,284,000 |
| Debt-To-Income Ratio | 13 | $1,305,000 | $100,000 | $167,000 | $36,000 | $65,000 |
| Other | 12 | $1,953,000 | $162,000 | $399,000 | $54,000 | $168,000 |
| Employment History | 8 | $1,304,000 | $163,000 | $252,000 | $47,000 | $79,000 |
| Unverifiable Information | 3 | $502,000 | $167,000 | $282,000 | $69,000 | $101,000 |
| Collateral | 2 | $255,000 | $127,000 | $145,000 | $39,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $183,000 | $183,000 | $183,000 | $66,000 | $66,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Axiom Financial LLC's 2015 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 Axiom Financial 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.
For a list of all lenders in Utah, download the full spreadsheet
with aggregated HMDA statistics today.
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