Verve, A Credit Union Mortgage Lending & HMDA Data, 2012
In 2012, Verve, A Credit Union of Oshkosh, WI reported 1,419 mortgage applications totaling $142.5 million, up 70% from 2011. The average application was for $100,452, and applicants reported an average income of $72,274. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Oshkosh-Neenah, WI (973), Fond Du Lac, WI (201) and Appleton, WI (36) (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 | 1,419 |
| Total Mortgage Loan Application Amount | $142,542,000 |
| Average Mortgage Loan Application Amount | $100,452 |
| Highest Mortgage Loan Application Amount | $550,000 |
| Average Applicant Income | $72,274 |
| Highest Applicant Income | $982,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 973 | $ 95,745,000 | $ 98,401 | $ 70,000 |
| Fond Du Lac, WI | 201 | $ 20,892,000 | $ 103,940 | $ 76,000 |
| Appleton, WI | 36 | $ 5,282,000 | $ 146,722 | $ 95,000 |
| Milwaukee-Waukesha-West Allis, WI | 12 | $ 1,864,000 | $ 155,333 | $ 131,000 |
| Madison, WI | 4 | $ 706,000 | $ 176,500 | $ 146,000 |
| Green Bay, WI | 3 | $ 97,000 | $ 32,333 | $ 124,000 |
| Sheboygan, WI | 3 | $ 202,000 | $ 67,333 | $ 58,000 |
| Wausau, WI | 2 | $ 190,000 | $ 95,000 | $ 54,000 |
| Janesville, WI | 1 | $ 40,000 | $ 40,000 | $ 206,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 357,000 | $ 357,000 | $ 241,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2012
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 | 1,009 | $102,640,000 | $101,000 | $390,000 | $73,000 | $982,000 |
| Home Purchase | 330 | $35,288,000 | $106,000 | $550,000 | $66,000 | $258,000 |
| Home Improvement | 80 | $4,614,000 | $57,000 | $308,000 | $89,000 | $218,000 |
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 | 1,281 | $129,523,000 | $101,000 | $550,000 | $72,000 | $982,000 |
| Not Provided | 106 | $9,551,000 | $90,000 | $360,000 | $80,000 | $295,000 |
| Asian | 16 | $1,886,000 | $117,000 | $292,000 | $64,000 | $142,000 |
| Hispanic | 7 | $626,000 | $89,000 | $153,000 | $50,000 | $74,000 |
| Black or African American | 4 | $496,000 | $124,000 | $223,000 | $65,000 | $100,000 |
| American Indian or Alaskan Native | 4 | $290,000 | $72,000 | $107,000 | $71,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $170,000 | $170,000 | $170,000 | $75,000 | $75,000 |
| Not applicable | 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) | 1,402 | $140,782,000 | $100,000 | $550,000 | $72,000 | $982,000 |
| FHA-insured (Federal Housing Administration) | 9 | $953,000 | $105,000 | $227,000 | $49,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 8 | $807,000 | $100,000 | $129,000 | $50,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 987 | $99,117,000 | $100,000 | $550,000 | $75,000 | $503,000 |
| Application Denied By Financial Institution | 181 | $16,755,000 | $92,000 | $275,000 | $58,000 | $982,000 |
| Application Withdrawn By Applicant | 94 | $9,595,000 | $102,000 | $300,000 | $77,000 | $223,000 |
| Application Approved But Not Accepted | 85 | $9,032,000 | $106,000 | $308,000 | $76,000 | $211,000 |
| File Closed For Incompleteness | 41 | $4,957,000 | $120,000 | $311,000 | $60,000 | $140,000 |
| Preapproval Approved but not Accepted | 19 | $2,127,000 | $111,000 | $227,000 | $60,000 | $142,000 |
| Preapproval Denied by Financial Institution | 12 | $959,000 | $79,000 | $143,000 | $43,000 | $76,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 66 | $7,046,000 | $106,000 | $275,000 | $43,000 | $218,000 |
| Credit History | 49 | $3,837,000 | $78,000 | $203,000 | $68,000 | $982,000 |
| Collateral | 37 | $2,992,000 | $80,000 | $259,000 | $71,000 | $295,000 |
| Other | 14 | $1,212,000 | $86,000 | $200,000 | $58,000 | $127,000 |
| Credit Application Incomplete | 9 | $973,000 | $108,000 | $185,000 | $69,000 | $121,000 |
| Unverifiable Information | 3 | $210,000 | $70,000 | $124,000 | $25,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $292,000 | $97,000 | $122,000 | $45,000 | $68,000 |
| Mortgage Insurance Denied | 1 | $125,000 | $125,000 | $125,000 | $40,000 | $40,000 |
| Employment History | 1 | $133,000 | $133,000 | $133,000 | $61,000 | $61,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2012 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.
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