Banktennessee Mortgage Lending & HMDA Data, 2010

In 2010, Banktennessee of Collierville, TN reported 562 mortgage applications totaling $92.9 million, up 49% from 2009. The average application was for $165,323, and applicants reported an average income of $80,827. 75% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (158), Memphis, TN-MS-AR (148) and Huntsville, AL (51) (applications in parentheses).

Mortgage Company & Address Banktennessee
1125 West Poplar Avenue
Collierville, TN 38017
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 562
Total Mortgage Loan Application Amount $92,912,000
Average Mortgage Loan Application Amount $165,323
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $80,827
Highest Applicant Income $880,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Banktennessee filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Banktennessee by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Shelby, Tennessee 114 $ 21,688,000 $ 190,245 $ 107,000
Madison, Alabama 46 $ 9,114,000 $ 198,130 $ 90,000
Lauderdale, Tennessee 45 $ 3,958,000 $ 87,955 $ 68,000
Cheatham, Tennessee 40 $ 6,343,000 $ 158,575 $ 64,000
Davidson, Tennessee 38 $ 6,257,000 $ 164,657 $ 84,000
Robertson, Tennessee 22 $ 3,593,000 $ 163,318 $ 55,000
Wilson, Tennessee 19 $ 3,631,000 $ 191,105 $ 87,000
Rutherford, Tennessee 14 $ 2,074,000 $ 148,142 $ 65,000
DeSoto, Mississippi 13 $ 1,804,000 $ 138,769 $ 65,000
Franklin, Tennessee 11 $ 1,697,000 $ 154,272 $ 59,000
Sumner, Tennessee 11 $ 2,165,000 $ 196,818 $ 58,000
Cleburne, Arkansas 10 $ 1,875,000 $ 187,500 $ 91,000
Lincoln, Tennessee 10 $ 1,517,000 $ 151,700 $ 48,000
Crittenden, Arkansas 8 $ 1,503,000 $ 187,875 $ 67,000
Williamson, Tennessee 8 $ 1,910,000 $ 238,750 $ 82,000
Fayette, Tennessee 7 $ 1,284,000 $ 183,428 $ 66,000
Attala, Mississippi 6 $ 944,000 $ 157,333 $ 121,000
Coffee, Tennessee 6 $ 881,000 $ 146,833 $ 91,000
Madison, Tennessee 6 $ 919,000 $ 153,166 $ 70,000
Montgomery, Tennessee 6 $ 772,000 $ 128,666 $ 55,000
Colbert, Alabama 5 $ 408,000 $ 81,600 $ 34,000
Lauderdale, Alabama 5 $ 558,000 $ 111,600 $ 73,000
Limestone, Alabama 5 $ 612,000 $ 122,400 $ 68,000
Jackson, Alabama 4 $ 454,000 $ 113,500 $ 42,000
Rankin, Mississippi 4 $ 542,000 $ 135,500 $ 76,000
Wake, North Carolina 4 $ 1,349,000 $ 337,250 $ 164,000
Dyer, Tennessee 4 $ 477,000 $ 119,250 $ 72,000
Knox, Tennessee 4 $ 573,000 $ 143,250 $ 66,000
Smith, Tennessee 4 $ 303,000 $ 75,750 $ 47,000
Lawrence, Alabama 3 $ 145,000 $ 48,333 $ 44,000
Morgan, Alabama 3 $ 454,000 $ 151,333 $ 99,000
Faulkner, Arkansas 3 $ 400,000 $ 133,333 $ 74,000
Independence, Arkansas 3 $ 253,000 $ 84,333 $ 41,000
Pulaski, Arkansas 3 $ 731,000 $ 243,666 $ 51,000
Simpson, Mississippi 3 $ 788,000 $ 262,666 $ 139,000
Hardeman, Tennessee 3 $ 290,000 $ 96,666 $ 47,000
Maury, Tennessee 3 $ 460,000 $ 153,333 $ 24,000
Tipton, Tennessee 3 $ 470,000 $ 156,666 $ 70,000
Baldwin, Alabama 2 $ 561,000 $ 280,500 $ 108,000
White, Arkansas 2 $ 215,000 $ 107,500 $ 69,000
Marshall, Mississippi 2 $ 448,000 $ 224,000 $ 113,000
Oktibbeha, Mississippi 2 $ 160,000 $ 80,000 $ 81,000
Winston, Mississippi 2 $ 256,000 $ 128,000 $ 86,000
Grundy, Tennessee 2 $ 241,000 $ 120,500 $ 27,000
Houston, Tennessee 2 $ 276,000 $ 138,000 $ 23,000
Lewis, Tennessee 2 $ 349,000 $ 174,500 $ 40,000
Marshall, Tennessee 2 $ 227,000 $ 113,500 $ 57,000
Barbour, Alabama 1 $ 219,000 $ 219,000 $ 90,000
Etowah, Alabama 1 $ 230,000 $ 230,000 $ 91,000
Franklin, Alabama 1 $ 110,000 $ 110,000 $ 85,000
Marshall, Alabama 1 $ 308,000 $ 308,000 $ 133,000
Mobile, Alabama 1 $ 253,000 $ 253,000 $ 79,000
Montgomery, Alabama 1 $ 191,000 $ 191,000 $ 67,000
Shelby, Alabama 1 $ 245,000 $ 245,000 $ 166,000
Talladega, Alabama 1 $ 247,000 $ 247,000 $ 42,000
Arkansas, Arkansas 1 $ 107,000 $ 107,000 $ 49,000
Craighead, Arkansas 1 $ 171,000 $ 171,000 $ 48,000
Searcy, Arkansas 1 $ 128,000 $ 128,000 $ 153,000
Sharp, Arkansas 1 $ 39,000 $ 39,000 $ 28,000
Volusia, Florida 1 $ 53,000 $ 53,000 $ 119,000
Hardin, Kentucky 1 $ 256,000 $ 256,000 $ 83,000
Oldham, Kentucky 1 $ 368,000 $ 368,000 $ 238,000
Copiah, Mississippi 1 $ 104,000 $ 104,000 $ 44,000
Lawrence, Mississippi 1 $ 112,000 $ 112,000 $ 106,000
Panola, Mississippi 1 $ 188,000 $ 188,000 $ 61,000
Tate, Mississippi 1 $ 155,000 $ 155,000 $ 97,000
Washington, Mississippi 1 $ 88,000 $ 88,000 $ 64,000
St. Louis, Missouri 1 $ 100,000 $ 100,000 $ 32,000
Edgecombe, North Carolina 1 $ 210,000 $ 210,000 $ 60,000
Guilford, North Carolina 1 $ 1,275,000 $ 1,275,000 $ 493,000
Blount, Tennessee 1 $ 189,000 $ 189,000 $ 57,000
Giles, Tennessee 1 $ 127,000 $ 127,000 $ 24,000
Hamilton, Tennessee 1 $ 179,000 $ 179,000 $ 73,000
Hardin, Tennessee 1 $ 53,000 $ 53,000 $ 39,000
Henry, Tennessee 1 $ 87,000 $ 87,000 $ 518,000
Jackson, Tennessee 1 $ 188,000 $ 188,000 $ 0
Johnson, Tennessee 1 $ 60,000 $ 60,000 $ 0
Lawrence, Tennessee 1 $ 70,000 $ 70,000 $ 25,000
Macon, Tennessee 1 $ 150,000 $ 150,000 $ 0
Obion, Tennessee 1 $ 74,000 $ 74,000 $ 17,000
Perry, Tennessee 1 $ 125,000 $ 125,000 $ 38,000
Sevier, Tennessee 1 $ 97,000 $ 97,000 $ 22,000
Trousdale, Tennessee 1 $ 161,000 $ 161,000 $ 80,000
Warren, Tennessee 1 $ 159,000 $ 159,000 $ 89,000
Wayne, Tennessee 1 $ 107,000 $ 107,000 $ 57,000

Mortgage Loan Application Detail Totals for Banktennessee in 2010

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
Refinancing 353 $62,439,000 $176,000 $1,400,000 $81,000 $792,000
Home Purchase 191 $29,766,000 $155,000 $660,000 $82,000 $880,000
Home Improvement 18 $707,000 $39,000 $189,000 $65,000 $163,000

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 500 $84,369,000 $168,000 $1,400,000 $84,000 $792,000
Black or African American 30 $4,462,000 $148,000 $277,000 $65,000 $289,000
Not Provided 14 $1,956,000 $139,000 $335,000 $19,000 $113,000
Not applicable 9 $916,000 $101,000 $302,000 $0 $0
Hispanic 4 $661,000 $165,000 $300,000 $260,000 $880,000
Asian 3 $302,000 $100,000 $130,000 $72,000 $104,000
American Indian or Alaskan Native 1 $108,000 $108,000 $108,000 $22,000 $22,000
Native Hawaiian or Other Pacific Islander 1 $138,000 $138,000 $138,000 $34,000 $34,000

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) 335 $55,947,000 $167,000 $1,400,000 $95,000 $880,000
FHA-insured (Federal Housing Administration) 189 $30,181,000 $159,000 $380,000 $60,000 $223,000
VA-guaranteed (Veterans Administration) 35 $6,419,000 $183,000 $417,000 $58,000 $291,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $365,000 $121,000 $143,000 $41,000 $56,000

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 423 $68,501,000 $161,000 $563,000 $81,000 $792,000
Application Denied By Financial Institution 72 $10,267,000 $142,000 $417,000 $58,000 $208,000
Application Withdrawn By Applicant 47 $9,371,000 $199,000 $1,400,000 $79,000 $627,000
Application Approved But Not Accepted 13 $2,038,000 $156,000 $417,000 $137,000 $880,000
File Closed For Incompleteness 7 $2,735,000 $390,000 $1,275,000 $180,000 $493,000
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
Collateral 21 $3,188,000 $151,000 $277,000 $75,000 $208,000
Credit History 15 $1,643,000 $109,000 $316,000 $36,000 $151,000
Debt-To-Income Ratio 13 $1,859,000 $143,000 $269,000 $34,000 $108,000
Other 12 $2,233,000 $186,000 $417,000 $85,000 $180,000
Unverifiable Information 5 $626,000 $125,000 $198,000 $62,000 $94,000
Employment History 3 $289,000 $96,000 $120,000 $19,000 $24,000
Credit Application Incomplete 2 $270,000 $135,000 $166,000 $56,000 $113,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Banktennessee's 2010 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 Banktennessee'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 Tennessee, download the full spreadsheet with aggregated HMDA statistics today.

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