Bartlett Mortgage Inc. Mortgage Lending & HMDA Data, 2008

In 2008, Bartlett Mortgage Inc. of Bartlett, TN reported 418 mortgage applications totaling $65.1 million, down 19% from 2007. The average application was for $155,722, and applicants reported an average income of $73,715. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Memphis, TN-MS-AR (407), Charlotte-Gastonia-Concord, NC-SC (1) and Knoxville, TN (1) (applications in parentheses).

Mortgage Company & Address Bartlett Mortgage Inc.
2860 Stage Village Cove
Bartlett, TN 38133
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 418
Total Mortgage Loan Application Amount $65,092,000
Average Mortgage Loan Application Amount $155,722
Highest Mortgage Loan Application Amount $560,000
Average Applicant Income $73,715
Highest Applicant Income $449,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bartlett Mortgage Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bartlett Mortgage Inc. in 2008

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 299 $46,404,000 $155,000 $560,000 $74,000 $449,000
Refinancing 119 $18,688,000 $157,000 $417,000 $73,000 $343,000
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 349 $55,695,000 $159,000 $560,000 $77,000 $449,000
Black or African American 46 $6,400,000 $139,000 $331,000 $53,000 $114,000
Hispanic 16 $1,808,000 $113,000 $227,000 $45,000 $104,000
Asian 7 $1,189,000 $169,000 $232,000 $84,000 $213,000
American Indian or Alaskan Native 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
Not Provided 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
FHA-insured (Federal Housing Administration) 206 $28,420,000 $137,000 $275,000 $61,000 $343,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 176 $29,892,000 $169,000 $560,000 $90,000 $449,000
VA-guaranteed (Veterans Administration) 35 $6,604,000 $188,000 $331,000 $63,000 $131,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $176,000 $176,000 $176,000 $65,000 $65,000

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 316 $49,663,000 $157,000 $560,000 $77,000 $449,000
Application Approved But Not Accepted 52 $8,554,000 $164,000 $400,000 $73,000 $213,000
Application Denied By Financial Institution 39 $5,179,000 $132,000 $316,000 $49,000 $163,000
File Closed For Incompleteness 11 $1,696,000 $154,000 $394,000 $63,000 $192,000
Application Withdrawn By Applicant 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 15 $2,107,000 $140,000 $316,000 $46,000 $77,000
Credit History 13 $1,732,000 $133,000 $239,000 $41,000 $71,000
Collateral 8 $967,000 $120,000 $243,000 $70,000 $163,000
Other 2 $184,000 $92,000 $107,000 $49,000 $53,000
Employment History 1 $189,000 $189,000 $189,000 $54,000 $54,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bartlett Mortgage Inc.'s 2008 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 Bartlett Mortgage Inc.'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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