Beverly - Hanks Mortgage Services, Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Beverly - Hanks Mortgage Services, Inc. of Asheville, NC reported 63 mortgage applications totaling $14.7 million, up 2% from 2015. The average application was for $232,920, and applicants reported an average income of $103,000. 0% of its applications resulted in an originated loan and 24% were denied. Its largest market was Asheville, NC (54).
| Mortgage Company & Address | Beverly - Hanks Mortgage Services, Inc. 2 Town Square Blvd, Ste 220 Asheville, NC 28803 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 63 |
| Total Mortgage Loan Application Amount | $14,674,000 |
| Average Mortgage Loan Application Amount | $232,920 |
| Highest Mortgage Loan Application Amount | $456,000 |
| Average Applicant Income | $103,000 |
| Highest Applicant Income | $384,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Beverly - Hanks Mortgage Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Beverly - Hanks Mortgage Services, Inc. in 2016
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 | 58 | $13,816,000 | $238,000 | $456,000 | $103,000 | $384,000 |
| Refinancing | 5 | $858,000 | $171,000 | $262,000 | $103,000 | $195,000 |
| 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 | 55 | $13,367,000 | $243,000 | $456,000 | $102,000 | $384,000 |
| Hispanic | 4 | $680,000 | $170,000 | $217,000 | $120,000 | $204,000 |
| Not Provided | 3 | $380,000 | $126,000 | $200,000 | $103,000 | $195,000 |
| Asian | 1 | $247,000 | $247,000 | $247,000 | $68,000 | $68,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 43 | $10,431,000 | $242,000 | $456,000 | $116,000 | $384,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,582,000 | $197,000 | $278,000 | $60,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,701,000 | $243,000 | $423,000 | $89,000 | $176,000 |
| FHA-insured (Federal Housing Administration) | 5 | $960,000 | $192,000 | $217,000 | $81,000 | $160,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 45 | $11,228,000 | $249,000 | $456,000 | $109,000 | $384,000 |
| Application Denied By Financial Institution | 15 | $2,744,000 | $182,000 | $371,000 | $88,000 | $200,000 |
| File Closed For Incompleteness | 2 | $540,000 | $270,000 | $278,000 | $116,000 | $155,000 |
| Preapproval Denied by Financial Institution | 1 | $162,000 | $162,000 | $162,000 | $47,000 | $47,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
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 | 6 | $1,012,000 | $168,000 | $237,000 | $92,000 | $195,000 |
| Employment History | 3 | $432,000 | $144,000 | $157,000 | $39,000 | $55,000 |
| Other | 2 | $414,000 | $207,000 | $234,000 | $83,000 | $91,000 |
| Debt-To-Income Ratio | 2 | $400,000 | $200,000 | $209,000 | $22,000 | $40,000 |
| Collateral | 2 | $518,000 | $259,000 | $371,000 | $142,000 | $160,000 |
| Credit Application Incomplete | 1 | $130,000 | $130,000 | $130,000 | $200,000 | $200,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Beverly - Hanks Mortgage Services, Inc.'s 2016 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 Beverly - Hanks Mortgage Services, 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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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