Verve, A Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Verve, A Credit Union of Oshkosh, WI reported 2,315 mortgage applications totaling $416.6 million, up 4% from 2020. The average application was for $179,958, and applicants reported an average income of $88,689. 63% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Oshkosh-Neenah, WI (853), Fond Du Lac, WI (348) and Appleton, WI (255) (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 | 2,315 |
| Total Mortgage Loan Application Amount | $416,605,000 |
| Average Mortgage Loan Application Amount | $179,958 |
| Highest Mortgage Loan Application Amount | $9,145,000 |
| Average Applicant Income | $88,689 |
| Highest Applicant Income | $2,280,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 853 | $ 127,465,000 | $ 149,431 | $ 89,000 |
| Fond Du Lac, WI | 348 | $ 41,260,000 | $ 118,563 | $ 89,000 |
| Appleton, WI | 255 | $ 60,365,000 | $ 236,725 | $ 102,000 |
| Outside any metro area | 239 | $ 47,545,000 | $ 198,933 | $ 96,000 |
| La Crosse-Onalaska, WI-MN | 133 | $ 32,315,000 | $ 242,969 | $ 88,624 |
| Chicago-Naperville, IL | 92 | $ 17,580,000 | $ 191,086 | $ 104,000 |
| Milwaukee-Waukesha-West Allis, WI | 56 | $ 33,120,000 | $ 591,428 | $ 112,000 |
| Green Bay, WI | 32 | $ 8,560,000 | $ 267,500 | $ 111,000 |
| Madison, WI | 5 | $ 1,065,000 | $ 213,000 | $ 158,000 |
| Sheboygan, WI | 5 | $ 325,000 | $ 65,000 | $ 56,000 |
| Racine, WI | 4 | $ 770,000 | $ 192,500 | $ 101,000 |
| Wausau, WI | 4 | $ 1,430,000 | $ 357,500 | $ 136,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 580,000 | $ 290,000 | $ 334,000 |
| Eau Claire, WI | 1 | $ 275,000 | $ 275,000 | $ 98,000 |
| Elgin, IL | 1 | $ 15,000 | $ 15,000 | $ 86,000 |
| Rochester, MN | 1 | $ 295,000 | $ 295,000 | $ 88,000 |
| Savannah, GA | 1 | $ 1,685,000 | $ 1,685,000 | $ 0 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2021
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 | 757 | $184,505,000 | $243,000 | $9,145,000 | $85,000 | $2,280,000 |
| Refinancing | 566 | $103,930,000 | $183,000 | $4,105,000 | $94,000 | $1,620,000 |
| Cash-out Refinancing | 469 | $92,455,000 | $197,000 | $6,015,000 | $87,000 | $997,000 |
| Other Purpose | 286 | $22,080,000 | $77,000 | $405,000 | $83,000 | $1,041,000 |
| Home Improvement | 237 | $13,635,000 | $57,000 | $255,000 | $98,000 | $400,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 1,805 | $248,205,000 | $137,000 | $1,265,000 | $94,000 | $2,280,000 |
| Not Provided | 248 | $32,500,000 | $131,000 | $545,000 | $52,000 | $393,000 |
| Not applicable | 110 | $111,910,000 | $1,017,000 | $9,145,000 | $0 | $0 |
| Hispanic | 71 | $10,175,000 | $143,000 | $415,000 | $94,000 | $337,000 |
| Asian | 49 | $8,925,000 | $182,000 | $525,000 | $96,000 | $739,000 |
| Black or African American | 15 | $2,265,000 | $151,000 | $415,000 | $71,000 | $209,000 |
| American Indian or Alaskan Native | 10 | $1,210,000 | $121,000 | $305,000 | $67,000 | $139,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $95,000 | $95,000 | $95,000 | $25,000 | $25,000 |
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) | 2,307 | $415,425,000 | $180,000 | $9,145,000 | $89,000 | $2,280,000 |
| FHA-insured (Federal Housing Administration) | 8 | $1,180,000 | $147,000 | $285,000 | $51,000 | $65,000 |
| 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 | 1,463 | $302,135,000 | $206,000 | $9,145,000 | $98,000 | $739,000 |
| Preapproval Denied by Financial Institution | 223 | $31,955,000 | $143,000 | $475,000 | $60,000 | $2,280,000 |
| Application Denied By Financial Institution | 202 | $24,040,000 | $119,000 | $625,000 | $79,000 | $997,000 |
| File Closed For Incompleteness | 167 | $19,825,000 | $118,000 | $545,000 | $62,000 | $1,620,000 |
| Application Withdrawn By Applicant | 160 | $21,750,000 | $135,000 | $545,000 | $96,000 | $1,320,000 |
| Application Approved But Not Accepted | 54 | $8,350,000 | $154,000 | $785,000 | $95,000 | $337,000 |
| Preapproval Approved but not Accepted | 46 | $8,550,000 | $185,000 | $705,000 | $62,000 | $152,000 |
| 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 | 1,890 | $360,610,000 | $190,000 | $9,145,000 | $93,000 | $1,620,000 |
| Other | 148 | $19,140,000 | $129,000 | $385,000 | $61,000 | $997,000 |
| Debt-To-Income Ratio | 122 | $18,600,000 | $152,000 | $525,000 | $54,000 | $152,000 |
| Credit History | 115 | $13,595,000 | $118,000 | $365,000 | $93,000 | $2,280,000 |
| Collateral | 22 | $1,730,000 | $78,000 | $285,000 | $82,000 | $384,000 |
| Credit Application Incomplete | 7 | $875,000 | $125,000 | $265,000 | $57,000 | $141,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,540,000 | $256,000 | $625,000 | $79,000 | $163,000 |
| Unverifiable Information | 4 | $420,000 | $105,000 | $155,000 | $84,000 | $99,000 |
| Mortgage Insurance Denied | 1 | $95,000 | $95,000 | $95,000 | $40,000 | $40,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2021 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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