Verve, A Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, Verve, A Credit Union of Oshkosh, WI reported 1,096 mortgage applications totaling $164.4 million, down 35% from 2022. The average application was for $150,018, and applicants reported an average income of $104,650. 51% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Oshkosh-Neenah, WI (317), Fond Du Lac, WI (152) and Appleton, WI (108) (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 | 1,096 |
| Total Mortgage Loan Application Amount | $164,420,000 |
| Average Mortgage Loan Application Amount | $150,018 |
| Highest Mortgage Loan Application Amount | $4,615,000 |
| Average Applicant Income | $104,650 |
| Highest Applicant Income | $4,677,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 355 | $ 62,315,000 | $ 175,535 | $ 121,271 |
| Oshkosh-Neenah, WI | 317 | $ 35,225,000 | $ 111,119 | $ 89,000 |
| Fond Du Lac, WI | 152 | $ 12,580,000 | $ 82,763 | $ 101,000 |
| Appleton, WI | 108 | $ 19,080,000 | $ 176,666 | $ 100,000 |
| La Crosse-Onalaska, WI-MN | 81 | $ 7,545,000 | $ 93,148 | $ 95,691 |
| Chicago-Naperville, IL | 29 | $ 6,385,000 | $ 220,172 | $ 109,000 |
| Milwaukee-Waukesha-West Allis, WI | 19 | $ 7,005,000 | $ 368,684 | $ 241,000 |
| Green Bay, WI | 12 | $ 11,610,000 | $ 967,500 | $ 90,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 750,000 | $ 125,000 | $ 169,333 |
| Sheboygan, WI | 6 | $ 550,000 | $ 91,666 | $ 107,000 |
| Madison, WI | 4 | $ 240,000 | $ 60,000 | $ 92,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 2 | $ 530,000 | $ 265,000 | $ 141,500 |
| Wausau, WI | 2 | $ 110,000 | $ 55,000 | $ 112,000 |
| Eau Claire, WI | 1 | $ 205,000 | $ 205,000 | $ 137,000 |
| Elgin, IL | 1 | $ 125,000 | $ 125,000 | $ 160,000 |
| Rockford, IL | 1 | $ 165,000 | $ 165,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2023
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 | 432 | $105,110,000 | $243,000 | $4,615,000 | $123,000 | $4,677,000 |
| Other Purpose | 279 | $17,845,000 | $63,000 | $515,000 | $82,000 | $311,000 |
| Home Improvement | 232 | $13,130,000 | $56,000 | $255,000 | $112,000 | $1,577,000 |
| Cash-out Refinancing | 90 | $19,720,000 | $219,000 | $4,505,000 | $83,000 | $256,000 |
| Refinancing | 63 | $8,615,000 | $136,000 | $1,605,000 | $83,000 | $224,000 |
| 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 | 831 | $102,575,000 | $123,000 | $805,000 | $112,000 | $4,677,000 |
| Not Provided | 145 | $17,845,000 | $123,000 | $905,000 | $60,000 | $335,000 |
| Not applicable | 71 | $35,885,000 | $505,000 | $4,615,000 | $0 | $0 |
| Asian | 17 | $4,325,000 | $254,000 | $1,405,000 | $129,000 | $440,000 |
| Hispanic | 15 | $2,005,000 | $133,000 | $395,000 | $96,000 | $204,000 |
| Black or African American | 14 | $1,510,000 | $107,000 | $245,000 | $121,000 | $491,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $15,000 | $15,000 | $15,000 | $87,000 | $87,000 |
| American Indian or Alaskan Native | 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) | 1,094 | $164,140,000 | $150,000 | $4,615,000 | $106,000 | $4,677,000 |
| FHA-insured (Federal Housing Administration) | 2 | $280,000 | $140,000 | $175,000 | $56,000 | $66,000 |
| 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 | 557 | $86,445,000 | $155,000 | $4,615,000 | $105,000 | $555,000 |
| Application Denied By Financial Institution | 138 | $11,560,000 | $83,000 | $515,000 | $77,000 | $491,000 |
| Preapproval Approved but not Accepted | 125 | $27,525,000 | $220,000 | $805,000 | $150,000 | $4,677,000 |
| Preapproval Denied by Financial Institution | 101 | $20,535,000 | $203,000 | $725,000 | $108,000 | $3,059,000 |
| Application Withdrawn By Applicant | 78 | $9,970,000 | $127,000 | $2,005,000 | $126,000 | $1,577,000 |
| File Closed For Incompleteness | 66 | $4,760,000 | $72,000 | $355,000 | $53,000 | $252,000 |
| Application Approved But Not Accepted | 31 | $3,625,000 | $116,000 | $725,000 | $106,000 | $523,000 |
| 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 | 857 | $132,325,000 | $154,000 | $4,615,000 | $110,000 | $4,677,000 |
| Debt-To-Income Ratio | 94 | $12,630,000 | $134,000 | $725,000 | $61,000 | $190,000 |
| Credit History | 59 | $6,315,000 | $107,000 | $535,000 | $84,000 | $491,000 |
| Other | 46 | $7,620,000 | $165,000 | $615,000 | $170,000 | $3,059,000 |
| Credit Application Incomplete | 17 | $2,775,000 | $163,000 | $255,000 | $59,000 | $242,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,510,000 | $188,000 | $435,000 | $64,000 | $126,000 |
| Unverifiable Information | 6 | $520,000 | $86,000 | $165,000 | $103,000 | $150,000 |
| Collateral | 6 | $550,000 | $91,000 | $275,000 | $122,000 | $256,000 |
| Employment History | 3 | $175,000 | $58,000 | $75,000 | $80,000 | $124,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2023 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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