Verve, A Credit Union Mortgage Lending & HMDA Data, 2011
In 2011, Verve, A Credit Union of Oshkosh, WI reported 833 mortgage applications totaling $85.2 million, up 27% from 2010. The average application was for $102,253, and applicants reported an average income of $69,471. 64% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Oshkosh-Neenah, WI (543), Fond Du Lac, WI (116) and Appleton, WI (18) (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 | 833 |
| Total Mortgage Loan Application Amount | $85,177,000 |
| Average Mortgage Loan Application Amount | $102,253 |
| Highest Mortgage Loan Application Amount | $399,000 |
| Average Applicant Income | $69,471 |
| Highest Applicant Income | $576,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Verve, A Credit Union in 2011
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 | 579 | $61,229,000 | $105,000 | $347,000 | $72,000 | $576,000 |
| Home Purchase | 192 | $21,696,000 | $113,000 | $399,000 | $62,000 | $315,000 |
| Home Improvement | 62 | $2,252,000 | $36,000 | $226,000 | $69,000 | $158,000 |
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 | 743 | $76,654,000 | $103,000 | $360,000 | $69,000 | $576,000 |
| Not Provided | 67 | $6,876,000 | $102,000 | $399,000 | $78,000 | $193,000 |
| Asian | 11 | $1,179,000 | $107,000 | $200,000 | $88,000 | $164,000 |
| Hispanic | 9 | $348,000 | $38,000 | $72,000 | $57,000 | $83,000 |
| Black or African American | 2 | $90,000 | $45,000 | $76,000 | $95,000 | $146,000 |
| American Indian or Alaskan Native | 1 | $30,000 | $30,000 | $30,000 | $42,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 823 | $84,226,000 | $102,000 | $399,000 | $70,000 | $576,000 |
| FHA-insured (Federal Housing Administration) | 7 | $667,000 | $95,000 | $156,000 | $47,000 | $85,000 |
| VA-guaranteed (Veterans Administration) | 3 | $284,000 | $94,000 | $119,000 | $45,000 | $60,000 |
| 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 | 530 | $52,351,000 | $98,000 | $399,000 | $72,000 | $315,000 |
| Application Denied By Financial Institution | 119 | $11,960,000 | $100,000 | $251,000 | $50,000 | $164,000 |
| Application Approved But Not Accepted | 64 | $7,302,000 | $114,000 | $282,000 | $75,000 | $154,000 |
| Application Withdrawn By Applicant | 51 | $5,372,000 | $105,000 | $347,000 | $80,000 | $452,000 |
| File Closed For Incompleteness | 35 | $3,996,000 | $114,000 | $260,000 | $89,000 | $576,000 |
| Preapproval Approved but not Accepted | 18 | $2,622,000 | $145,000 | $360,000 | $65,000 | $169,000 |
| Preapproval Denied by Financial Institution | 16 | $1,574,000 | $98,000 | $189,000 | $50,000 | $185,000 |
| 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 | 53 | $5,415,000 | $102,000 | $243,000 | $41,000 | $115,000 |
| Credit History | 39 | $3,563,000 | $91,000 | $189,000 | $56,000 | $185,000 |
| Collateral | 15 | $1,686,000 | $112,000 | $251,000 | $60,000 | $136,000 |
| Other | 9 | $892,000 | $99,000 | $219,000 | $45,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $805,000 | $115,000 | $213,000 | $60,000 | $115,000 |
| Employment History | 6 | $741,000 | $123,000 | $220,000 | $61,000 | $103,000 |
| Credit Application Incomplete | 2 | $112,000 | $56,000 | $63,000 | $54,000 | $83,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2011 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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