Verve, A Credit Union Mortgage Lending & HMDA Data, 2017
In 2017, Verve, A Credit Union of Oshkosh, WI reported 1,937 mortgage applications totaling $322.8 million, up 30% from 2016. The average application was for $166,662, and applicants reported an average income of $73,507. 55% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Oshkosh-Neenah, WI (656), Fond Du Lac, WI (208) and Appleton, WI (197) (applications in parentheses).
| Mortgage Company & Address | Verve, A Credit Union 2900 Universal St Oshkosh, WI 54904 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,937 |
| Total Mortgage Loan Application Amount | $322,826,000 |
| Average Mortgage Loan Application Amount | $166,662 |
| Highest Mortgage Loan Application Amount | $11,756,000 |
| Average Applicant Income | $73,507 |
| Highest Applicant Income | $985,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Winnebago, Wisconsin | 656 | $ 94,253,000 | $ 143,678 | $ 79,000 |
| Fond du Lac, Wisconsin | 208 | $ 22,132,000 | $ 106,403 | $ 73,000 |
| La Crosse, Wisconsin | 111 | $ 29,635,000 | $ 266,981 | $ 66,000 |
| Calumet, Wisconsin | 110 | $ 22,055,000 | $ 200,500 | $ 74,000 |
| Outagamie, Wisconsin | 87 | $ 23,629,000 | $ 271,597 | $ 78,000 |
| Manitowoc, Wisconsin | 43 | $ 4,558,000 | $ 106,000 | $ 67,000 |
| Waushara, Wisconsin | 36 | $ 4,040,000 | $ 112,222 | $ 69,000 |
| Brown, Wisconsin | 20 | $ 8,294,000 | $ 414,700 | $ 59,000 |
| Waupaca, Wisconsin | 19 | $ 2,330,000 | $ 122,631 | $ 107,000 |
| Milwaukee, Wisconsin | 12 | $ 1,921,000 | $ 160,083 | $ 62,000 |
| Vernon, Wisconsin | 12 | $ 1,191,000 | $ 99,250 | $ 134,000 |
| Green Lake, Wisconsin | 11 | $ 872,000 | $ 79,272 | $ 65,000 |
| Dodge, Wisconsin | 8 | $ 787,000 | $ 98,375 | $ 78,000 |
| Sheboygan, Wisconsin | 7 | $ 11,056,000 | $ 1,579,428 | $ 37,000 |
| Oconto, Wisconsin | 6 | $ 421,000 | $ 70,166 | $ 73,000 |
| Racine, Wisconsin | 6 | $ 701,000 | $ 116,833 | $ 52,000 |
| Trempealeau, Wisconsin | 6 | $ 523,000 | $ 87,166 | $ 58,000 |
| Marquette, Wisconsin | 5 | $ 700,000 | $ 140,000 | $ 121,000 |
| Monroe, Wisconsin | 5 | $ 309,000 | $ 61,800 | $ 72,000 |
| Portage, Wisconsin | 5 | $ 4,110,000 | $ 822,000 | $ 41,000 |
| Shawano, Wisconsin | 5 | $ 346,000 | $ 69,200 | $ 83,000 |
| Oneida, Wisconsin | 4 | $ 548,000 | $ 137,000 | $ 112,000 |
| Houston, Minnesota | 3 | $ 484,000 | $ 161,333 | $ 86,000 |
| Dane, Wisconsin | 3 | $ 505,000 | $ 168,333 | $ 51,000 |
| Door, Wisconsin | 3 | $ 466,000 | $ 155,333 | $ 174,000 |
| Forest, Wisconsin | 3 | $ 177,000 | $ 59,000 | $ 51,000 |
| Juneau, Wisconsin | 3 | $ 149,000 | $ 49,666 | $ 94,000 |
| Rock, Wisconsin | 3 | $ 466,000 | $ 155,333 | $ 46,000 |
| Waukesha, Wisconsin | 3 | $ 1,557,000 | $ 519,000 | $ 378,000 |
| Erie, Ohio | 2 | $ 848,000 | $ 424,000 | $ 500,000 |
| Adams, Wisconsin | 2 | $ 202,000 | $ 101,000 | $ 101,000 |
| Florence, Wisconsin | 2 | $ 88,000 | $ 44,000 | $ 67,000 |
| Jackson, Wisconsin | 2 | $ 208,000 | $ 104,000 | $ 62,000 |
| Langlade, Wisconsin | 2 | $ 132,000 | $ 66,000 | $ 73,000 |
| Marathon, Wisconsin | 2 | $ 5,544,000 | $ 2,772,000 | $ 24,000 |
| Menominee, Wisconsin | 2 | $ 258,000 | $ 129,000 | $ 58,000 |
| Sauk, Wisconsin | 2 | $ 2,354,000 | $ 1,177,000 | $ 67,000 |
| Taylor, Wisconsin | 2 | $ 53,000 | $ 26,500 | $ 34,000 |
| Fillmore, Minnesota | 1 | $ 39,000 | $ 39,000 | $ 75,000 |
| Washington, Minnesota | 1 | $ 225,000 | $ 225,000 | $ 82,000 |
| Winona, Minnesota | 1 | $ 106,000 | $ 106,000 | $ 29,000 |
| Bayfield, Wisconsin | 1 | $ 401,000 | $ 401,000 | $ 196,000 |
| Buffalo, Wisconsin | 1 | $ 23,000 | $ 23,000 | $ 76,000 |
| Chippewa, Wisconsin | 1 | $ 182,000 | $ 182,000 | $ 76,000 |
| Clark, Wisconsin | 1 | $ 107,000 | $ 107,000 | $ 34,000 |
| Eau Claire, Wisconsin | 1 | $ 118,000 | $ 118,000 | $ 45,000 |
| Iron, Wisconsin | 1 | $ 29,000 | $ 29,000 | $ 61,000 |
| Jefferson, Wisconsin | 1 | $ 200,000 | $ 200,000 | $ 80,000 |
| Kenosha, Wisconsin | 1 | $ 50,000 | $ 50,000 | $ 190,000 |
| Kewaunee, Wisconsin | 1 | $ 528,000 | $ 528,000 | $ 133,000 |
| Marinette, Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 80,000 |
| Sawyer, Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 47,000 |
| Vilas, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 147,000 |
| Walworth, Wisconsin | 1 | $ 3,360,000 | $ 3,360,000 | $ 0 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2017
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 | 1,028 | $169,340,000 | $164,000 | $5,675,000 | $70,000 | $600,000 |
| Refinancing | 775 | $145,185,000 | $187,000 | $11,756,000 | $76,000 | $985,000 |
| Home Improvement | 134 | $8,301,000 | $61,000 | $439,000 | $86,000 | $286,000 |
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 | 1,089 | $134,853,000 | $123,000 | $1,282,000 | $73,000 | $500,000 |
| Not Provided | 710 | $86,911,000 | $122,000 | $1,204,000 | $83,000 | $985,000 |
| Not applicable | 79 | $94,853,000 | $1,200,000 | $11,756,000 | $0 | $0 |
| Hispanic | 29 | $2,435,000 | $83,000 | $243,000 | $58,000 | $182,000 |
| Asian | 20 | $2,557,000 | $127,000 | $277,000 | $67,000 | $137,000 |
| Black or African American | 7 | $1,086,000 | $155,000 | $243,000 | $66,000 | $125,000 |
| American Indian or Alaskan Native | 3 | $131,000 | $43,000 | $60,000 | $59,000 | $84,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,919 | $321,138,000 | $167,000 | $11,756,000 | $74,000 | $985,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,688,000 | $93,000 | $135,000 | $43,000 | $75,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,071 | $212,412,000 | $198,000 | $11,756,000 | $80,000 | $985,000 |
| Application Denied By Financial Institution | 204 | $19,818,000 | $97,000 | $528,000 | $66,000 | $331,000 |
| Preapproval Approved but not Accepted | 204 | $30,478,000 | $149,000 | $503,000 | $67,000 | $212,000 |
| Application Withdrawn By Applicant | 193 | $26,170,000 | $135,000 | $1,350,000 | $70,000 | $542,000 |
| Preapproval Denied by Financial Institution | 175 | $22,235,000 | $127,000 | $380,000 | $56,000 | $264,000 |
| Application Approved But Not Accepted | 54 | $7,717,000 | $142,000 | $500,000 | $79,000 | $190,000 |
| File Closed For Incompleteness | 36 | $3,996,000 | $111,000 | $280,000 | $60,000 | $190,000 |
| Loan Purchased By The 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 | 117 | $13,619,000 | $116,000 | $360,000 | $72,000 | $312,000 |
| Debt-To-Income Ratio | 102 | $11,515,000 | $112,000 | $336,000 | $48,000 | $130,000 |
| Other | 81 | $8,741,000 | $107,000 | $380,000 | $61,000 | $159,000 |
| Credit History | 38 | $3,405,000 | $89,000 | $278,000 | $61,000 | $192,000 |
| Collateral | 20 | $2,480,000 | $124,000 | $528,000 | $73,000 | $163,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $450,000 | $64,000 | $92,000 | $33,000 | $58,000 |
| Employment History | 6 | $850,000 | $141,000 | $342,000 | $85,000 | $331,000 |
| Unverifiable Information | 3 | $394,000 | $131,000 | $135,000 | $45,000 | $65,000 |
| Mortgage Insurance Denied | 2 | $352,000 | $176,000 | $194,000 | $77,000 | $79,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2017 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 Verve, A Credit Union'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 Wisconsin, download the full spreadsheet
with aggregated HMDA statistics today.
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