Verve, A Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Verve, A Credit Union of Oshkosh, WI reported 1,660 mortgage applications totaling $262.5 million, down 14% from 2017. The average application was for $158,126, and applicants reported an average income of $79,789. 61% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Oshkosh-Neenah, WI (620), Fond Du Lac, WI (219) and Appleton, WI (164) (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 | 1,660 |
| Total Mortgage Loan Application Amount | $262,490,000 |
| Average Mortgage Loan Application Amount | $158,126 |
| Highest Mortgage Loan Application Amount | $11,995,000 |
| Average Applicant Income | $79,789 |
| Highest Applicant Income | $660,000 |
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(HMDA) records Verve, A Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 740 | $124,160,000 | $167,000 | $4,515,000 | $82,000 | $660,000 |
| Other Purpose | 454 | $29,400,000 | $64,000 | $455,000 | $81,000 | $393,000 |
| Cash-out Refinancing | 180 | $29,230,000 | $162,000 | $1,725,000 | $69,000 | $215,000 |
| Home Improvement | 164 | $10,430,000 | $63,000 | $3,365,000 | $87,000 | $331,000 |
| Refinancing | 121 | $69,085,000 | $570,000 | $11,995,000 | $68,000 | $223,000 |
| Not Applicable | 1 | $185,000 | $185,000 | $185,000 | $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 | 1,390 | $156,670,000 | $112,000 | $1,165,000 | $80,000 | $660,000 |
| Not Provided | 159 | $21,595,000 | $135,000 | $1,725,000 | $89,000 | $307,000 |
| Not applicable | 72 | $80,110,000 | $1,112,000 | $11,995,000 | $0 | $0 |
| Asian | 18 | $2,450,000 | $136,000 | $265,000 | $57,000 | $118,000 |
| Hispanic | 11 | $835,000 | $75,000 | $125,000 | $46,000 | $93,000 |
| Black or African American | 5 | $375,000 | $75,000 | $85,000 | $28,000 | $40,000 |
| American Indian or Alaskan Native | 4 | $280,000 | $70,000 | $195,000 | $83,000 | $174,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,655 | $261,905,000 | $158,000 | $11,995,000 | $80,000 | $660,000 |
| FHA-insured (Federal Housing Administration) | 5 | $585,000 | $117,000 | $195,000 | $45,000 | $62,000 |
| 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 | 1,017 | $192,545,000 | $189,000 | $11,995,000 | $88,000 | $660,000 |
| Application Denied By Financial Institution | 171 | $14,615,000 | $85,000 | $485,000 | $65,000 | $319,000 |
| Preapproval Denied by Financial Institution | 162 | $20,050,000 | $123,000 | $335,000 | $50,000 | $160,000 |
| Application Withdrawn By Applicant | 119 | $12,565,000 | $105,000 | $565,000 | $79,000 | $393,000 |
| Preapproval Approved but not Accepted | 80 | $11,740,000 | $146,000 | $725,000 | $66,000 | $277,000 |
| File Closed For Incompleteness | 63 | $4,935,000 | $78,000 | $405,000 | $79,000 | $183,000 |
| Application Approved But Not Accepted | 48 | $6,040,000 | $125,000 | $355,000 | $100,000 | $223,000 |
| 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 | 1,327 | $227,825,000 | $171,000 | $11,995,000 | $85,000 | $660,000 |
| Debt-To-Income Ratio | 126 | $14,890,000 | $118,000 | $485,000 | $48,000 | $160,000 |
| Credit History | 112 | $11,040,000 | $98,000 | $335,000 | $60,000 | $174,000 |
| Other | 33 | $2,975,000 | $90,000 | $365,000 | $57,000 | $189,000 |
| Collateral | 29 | $2,665,000 | $91,000 | $305,000 | $95,000 | $319,000 |
| Credit Application Incomplete | 21 | $1,925,000 | $91,000 | $225,000 | $68,000 | $130,000 |
| Employment History | 5 | $365,000 | $73,000 | $105,000 | $35,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $510,000 | $127,000 | $185,000 | $71,000 | $104,000 |
| Unverifiable Information | 3 | $295,000 | $98,000 | $115,000 | $39,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verve, A Credit Union's 2018 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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with aggregated HMDA statistics today.
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