Verve, A Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Verve, A Credit Union of Oshkosh, WI reported 1,660 mortgage applications totaling $262.5 million, down 14% from 2017. The average application was for $158,126, and applicants reported an average income of $79,789. 61% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Oshkosh-Neenah, WI (620), Fond Du Lac, WI (219) and Appleton, WI (164) (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 | 1,660 |
| Total Mortgage Loan Application Amount | $262,490,000 |
| Average Mortgage Loan Application Amount | $158,126 |
| Highest Mortgage Loan Application Amount | $11,995,000 |
| Average Applicant Income | $79,789 |
| Highest Applicant Income | $660,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 620 | $ 73,120,000 | $ 117,935 | $ 85,000 |
| Fond du Lac, Wisconsin | 219 | $ 23,945,000 | $ 109,337 | $ 81,000 |
| La Crosse, Wisconsin | 124 | $ 13,710,000 | $ 110,564 | $ 75,000 |
| Calumet, Wisconsin | 93 | $ 9,235,000 | $ 99,301 | $ 76,000 |
| Outagamie, Wisconsin | 71 | $ 16,795,000 | $ 236,549 | $ 91,000 |
| Waushara, Wisconsin | 47 | $ 4,415,000 | $ 93,936 | $ 64,000 |
| Brown, Wisconsin | 37 | $ 30,115,000 | $ 813,918 | $ 82,000 |
| Manitowoc, Wisconsin | 30 | $ 3,700,000 | $ 123,333 | $ 90,000 |
| Vernon, Wisconsin | 17 | $ 1,925,000 | $ 113,235 | $ 83,000 |
| Green Lake, Wisconsin | 13 | $ 1,215,000 | $ 93,461 | $ 82,000 |
| Houston, Minnesota | 12 | $ 1,900,000 | $ 158,333 | $ 91,000 |
| Trempealeau, Wisconsin | 12 | $ 2,250,000 | $ 187,500 | $ 79,000 |
| Monroe, Wisconsin | 11 | $ 715,000 | $ 65,000 | $ 60,000 |
| Milwaukee, Wisconsin | 10 | $ 9,000,000 | $ 900,000 | $ 154,000 |
| Dodge, Wisconsin | 9 | $ 14,505,000 | $ 1,611,666 | $ 75,000 |
| Waupaca, Wisconsin | 9 | $ 1,115,000 | $ 123,888 | $ 117,000 |
| Waukesha, Wisconsin | 8 | $ 1,740,000 | $ 217,500 | $ 142,000 |
| Washington, Wisconsin | 6 | $ 790,000 | $ 131,666 | $ 167,000 |
| Marinette, Wisconsin | 5 | $ 525,000 | $ 105,000 | $ 92,000 |
| Juneau, Wisconsin | 4 | $ 360,000 | $ 90,000 | $ 78,000 |
| Portage, Wisconsin | 4 | $ 2,190,000 | $ 547,500 | $ 180,000 |
| Racine, Wisconsin | 4 | $ 2,720,000 | $ 680,000 | $ 80,000 |
| Shawano, Wisconsin | 4 | $ 1,800,000 | $ 450,000 | $ 76,000 |
| Dane, Wisconsin | 3 | $ 365,000 | $ 121,666 | $ 92,000 |
| Forest, Wisconsin | 3 | $ 235,000 | $ 78,333 | $ 122,000 |
| Marathon, Wisconsin | 3 | $ 6,325,000 | $ 2,108,333 | $ 89,000 |
| Marquette, Wisconsin | 3 | $ 295,000 | $ 98,333 | $ 97,000 |
| Oneida, Wisconsin | 3 | $ 535,000 | $ 178,333 | $ 151,000 |
| Vilas, Wisconsin | 3 | $ 395,000 | $ 131,666 | $ 367,000 |
| Winona, Minnesota | 2 | $ 130,000 | $ 65,000 | $ 96,000 |
| Columbia, Wisconsin | 2 | $ 330,000 | $ 165,000 | $ 81,000 |
| Kewaunee, Wisconsin | 2 | $ 120,000 | $ 60,000 | $ 71,000 |
| Langlade, Wisconsin | 2 | $ 210,000 | $ 105,000 | $ 71,000 |
| Sheboygan, Wisconsin | 2 | $ 410,000 | $ 205,000 | $ 330,000 |
| Dakota, Minnesota | 1 | $ 1,165,000 | $ 1,165,000 | $ 374,000 |
| Adams, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 31,000 |
| Barron, Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 70,000 |
| Chippewa, Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 83,000 |
| Crawford, Wisconsin | 1 | $ 25,000 | $ 25,000 | $ 31,000 |
| Door, Wisconsin | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Florence, Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 18,000 |
| Jackson, Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Kenosha, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 121,000 |
| Lincoln, Wisconsin | 1 | $ 295,000 | $ 295,000 | $ 158,000 |
| Oconto, Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 112,000 |
| Rock, Wisconsin | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| St. Croix, Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2018
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 | 740 | $124,160,000 | $167,000 | $4,515,000 | $82,000 | $660,000 |
| Other Purpose | 454 | $29,400,000 | $64,000 | $455,000 | $81,000 | $393,000 |
| Cash-out Refinancing | 180 | $29,230,000 | $162,000 | $1,725,000 | $69,000 | $215,000 |
| Home Improvement | 164 | $10,430,000 | $63,000 | $3,365,000 | $87,000 | $331,000 |
| Refinancing | 121 | $69,085,000 | $570,000 | $11,995,000 | $68,000 | $223,000 |
| Not Applicable | 1 | $185,000 | $185,000 | $185,000 | $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 | 1,390 | $156,670,000 | $112,000 | $1,165,000 | $80,000 | $660,000 |
| Not Provided | 159 | $21,595,000 | $135,000 | $1,725,000 | $89,000 | $307,000 |
| Not applicable | 72 | $80,110,000 | $1,112,000 | $11,995,000 | $0 | $0 |
| Asian | 18 | $2,450,000 | $136,000 | $265,000 | $57,000 | $118,000 |
| Hispanic | 11 | $835,000 | $75,000 | $125,000 | $46,000 | $93,000 |
| Black or African American | 5 | $375,000 | $75,000 | $85,000 | $28,000 | $40,000 |
| American Indian or Alaskan Native | 4 | $280,000 | $70,000 | $195,000 | $83,000 | $174,000 |
| 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) | 1,655 | $261,905,000 | $158,000 | $11,995,000 | $80,000 | $660,000 |
| FHA-insured (Federal Housing Administration) | 5 | $585,000 | $117,000 | $195,000 | $45,000 | $62,000 |
| 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 | 1,017 | $192,545,000 | $189,000 | $11,995,000 | $88,000 | $660,000 |
| Application Denied By Financial Institution | 171 | $14,615,000 | $85,000 | $485,000 | $65,000 | $319,000 |
| Preapproval Denied by Financial Institution | 162 | $20,050,000 | $123,000 | $335,000 | $50,000 | $160,000 |
| Application Withdrawn By Applicant | 119 | $12,565,000 | $105,000 | $565,000 | $79,000 | $393,000 |
| Preapproval Approved but not Accepted | 80 | $11,740,000 | $146,000 | $725,000 | $66,000 | $277,000 |
| File Closed For Incompleteness | 63 | $4,935,000 | $78,000 | $405,000 | $79,000 | $183,000 |
| Application Approved But Not Accepted | 48 | $6,040,000 | $125,000 | $355,000 | $100,000 | $223,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,327 | $227,825,000 | $171,000 | $11,995,000 | $85,000 | $660,000 |
| Debt-To-Income Ratio | 126 | $14,890,000 | $118,000 | $485,000 | $48,000 | $160,000 |
| Credit History | 112 | $11,040,000 | $98,000 | $335,000 | $60,000 | $174,000 |
| Other | 33 | $2,975,000 | $90,000 | $365,000 | $57,000 | $189,000 |
| Collateral | 29 | $2,665,000 | $91,000 | $305,000 | $95,000 | $319,000 |
| Credit Application Incomplete | 21 | $1,925,000 | $91,000 | $225,000 | $68,000 | $130,000 |
| Employment History | 5 | $365,000 | $73,000 | $105,000 | $35,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $510,000 | $127,000 | $185,000 | $71,000 | $104,000 |
| Unverifiable Information | 3 | $295,000 | $98,000 | $115,000 | $39,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2018 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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