Verve, A Credit Union Mortgage Lending & HMDA Data, 2006
In 2006, Verve, A Credit Union of Oshkosh, WI reported 1,165 mortgage applications totaling $67.8 million, up 16% from 2005. The average application was for $58,230, and applicants reported an average income of $58,674. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Oshkosh-Neenah, WI (787), Fond Du Lac, WI (130) and Appleton, WI (25) (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 | 1,165 |
| Total Mortgage Loan Application Amount | $67,838,000 |
| Average Mortgage Loan Application Amount | $58,230 |
| Highest Mortgage Loan Application Amount | $669,000 |
| Average Applicant Income | $58,674 |
| Highest Applicant Income | $240,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 787 | $ 40,486,000 | $ 51,443 | $ 57,000 |
| Fond Du Lac, WI | 130 | $ 7,741,000 | $ 59,546 | $ 64,000 |
| Appleton, WI | 25 | $ 1,742,000 | $ 69,680 | $ 85,000 |
| Green Bay, WI | 6 | $ 318,000 | $ 53,000 | $ 48,000 |
| Milwaukee-Waukesha-West Allis, WI | 5 | $ 411,000 | $ 82,200 | $ 56,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 413,000 | $ 206,500 | $ 155,000 |
| Madison, WI | 2 | $ 212,000 | $ 106,000 | $ 65,000 |
| Sheboygan, WI | 2 | $ 76,000 | $ 38,000 | $ 95,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 66,000 | $ 66,000 | $ 78,000 |
| Idaho Falls, ID | 1 | $ 95,000 | $ 95,000 | $ 60,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 194,000 | $ 194,000 | $ 30,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 44,000 | $ 44,000 | $ 100,000 |
| Orlando-Kissimmee, FL | 1 | $ 99,000 | $ 99,000 | $ 68,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 150,000 | $ 150,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2006
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 | 798 | $34,117,000 | $42,000 | $255,000 | $59,000 | $225,000 |
| Home Purchase | 296 | $32,264,000 | $109,000 | $669,000 | $57,000 | $240,000 |
| Home Improvement | 71 | $1,457,000 | $20,000 | $85,000 | $62,000 | $194,000 |
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 | 1,149 | $66,424,000 | $57,000 | $669,000 | $59,000 | $240,000 |
| Hispanic | 7 | $476,000 | $68,000 | $104,000 | $42,000 | $76,000 |
| Asian | 6 | $726,000 | $121,000 | $212,000 | $49,000 | $119,000 |
| Black or African American | 2 | $187,000 | $93,000 | $152,000 | $51,000 | $103,000 |
| American Indian or Alaskan Native | 1 | $25,000 | $25,000 | $25,000 | $62,000 | $62,000 |
| 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) | 1,165 | $67,838,000 | $58,000 | $669,000 | $59,000 | $240,000 |
| 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 | 904 | $49,440,000 | $54,000 | $669,000 | $61,000 | $240,000 |
| Application Denied By Financial Institution | 121 | $8,460,000 | $69,000 | $300,000 | $43,000 | $107,000 |
| Application Withdrawn By Applicant | 98 | $6,986,000 | $71,000 | $379,000 | $63,000 | $153,000 |
| File Closed For Incompleteness | 35 | $2,504,000 | $71,000 | $390,000 | $52,000 | $165,000 |
| Application Approved But Not Accepted | 7 | $448,000 | $64,000 | $155,000 | $57,000 | $120,000 |
| 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 | 53 | $4,105,000 | $77,000 | $300,000 | $39,000 | $104,000 |
| Credit History | 43 | $2,741,000 | $63,000 | $212,000 | $43,000 | $88,000 |
| Other | 11 | $527,000 | $47,000 | $90,000 | $41,000 | $76,000 |
| Collateral | 10 | $736,000 | $73,000 | $175,000 | $53,000 | $94,000 |
| Employment History | 2 | $122,000 | $61,000 | $95,000 | $82,000 | $107,000 |
| Unverifiable Information | 1 | $53,000 | $53,000 | $53,000 | $41,000 | $41,000 |
| Mortgage Insurance Denied | 1 | $176,000 | $176,000 | $176,000 | $82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2006 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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