Verve, A Credit Union Mortgage Lending & HMDA Data, 2005
In 2005, Verve, A Credit Union of Oshkosh, WI reported 1,003 mortgage applications totaling $74.8 million, up 28% from 2004. The average application was for $74,557, and applicants reported an average income of $56,245. 69% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Oshkosh-Neenah, WI (688), Fond Du Lac, WI (42) and Appleton, WI (34) (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 | 1,003 |
| Total Mortgage Loan Application Amount | $74,781,000 |
| Average Mortgage Loan Application Amount | $74,557 |
| Highest Mortgage Loan Application Amount | $386,000 |
| Average Applicant Income | $56,245 |
| Highest Applicant Income | $323,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oshkosh-Neenah, WI | 688 | $ 47,207,000 | $ 68,614 | $ 50,000 |
| Fond Du Lac, WI | 42 | $ 2,745,000 | $ 65,357 | $ 53,000 |
| Appleton, WI | 34 | $ 2,716,000 | $ 79,882 | $ 57,000 |
| Green Bay, WI | 5 | $ 235,000 | $ 47,000 | $ 57,000 |
| Milwaukee-Waukesha-West Allis, WI | 5 | $ 495,000 | $ 99,000 | $ 74,000 |
| Janesville, WI | 2 | $ 243,000 | $ 121,500 | $ 44,000 |
| Sheboygan, WI | 2 | $ 89,000 | $ 44,500 | $ 74,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 193,000 | $ 193,000 | $ 85,000 |
| Eau Claire, WI | 1 | $ 199,000 | $ 199,000 | $ 91,000 |
| Greeley, CO | 1 | $ 212,000 | $ 212,000 | $ 58,000 |
| Las Vegas-Paradise, NV | 1 | $ 179,000 | $ 179,000 | $ 108,000 |
| Madison, WI | 1 | $ 161,000 | $ 161,000 | $ 61,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 131,000 | $ 131,000 | $ 162,000 |
| Wausau, WI | 1 | $ 36,000 | $ 36,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2005
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 | 566 | $34,367,000 | $110,500 | $386,000 | $88,750 | $323,000 |
| Home Purchase | 380 | $39,412,000 | $124,833 | $309,000 | $56,500 | $169,000 |
| Home Improvement | 57 | $1,002,000 | $17,000 | $55,000 | $52,000 | $175,000 |
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 | 982 | $73,135,000 | $130,125 | $386,000 | $74,500 | $323,000 |
| Hispanic | 12 | $733,000 | $61,000 | $160,000 | $31,000 | $68,000 |
| Asian | 8 | $738,000 | $97,000 | $150,000 | $39,500 | $62,000 |
| Black or African American | 1 | $175,000 | $175,000 | $175,000 | $70,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,003 | $74,781,000 | $130,000 | $386,000 | $73,625 | $323,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 688 | $48,395,000 | $122,600 | $386,000 | $80,800 | $323,000 |
| Application Withdrawn By Applicant | 150 | $13,155,000 | $126,500 | $260,000 | $62,250 | $300,000 |
| Application Denied By Financial Institution | 119 | $8,781,000 | $76,000 | $175,000 | $45,000 | $145,000 |
| File Closed For Incompleteness | 28 | $2,662,000 | $99,000 | $309,000 | $50,000 | $128,000 |
| Application Approved But Not Accepted | 18 | $1,788,000 | $99,000 | $184,000 | $54,000 | $96,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 58 | $4,114,000 | $73,000 | $166,000 | $39,500 | $145,000 |
| Credit History | 51 | $3,470,000 | $72,500 | $160,000 | $40,500 | $86,000 |
| Employment History | 5 | $620,000 | $127,000 | $164,000 | $57,500 | $95,000 |
| Collateral | 3 | $405,000 | $135,000 | $175,000 | $72,500 | $126,000 |
| Other | 2 | $172,000 | $86,000 | $92,000 | $33,000 | $37,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Verve, A Credit Union's 2005 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About