Colten Mortgage, LLC Mortgage Lending & HMDA Data, 2021

In 2021, Colten Mortgage, LLC of Greenwood Village, CO reported 4,073 mortgage applications totaling $993.6 million, up 40% from 2020. The average application was for $243,954, and applicants reported an average income of $81,699. 60% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (574), Denver-Aurora-Lakewood, CO (556) and Nashville-Davidson--Murfreesboro--Franklin, TN (270) (applications in parentheses).

Mortgage Company & Address Colten Mortgage, LLC
6021 S Syracuse Way Ste 104
Greenwood Village, CO 80111
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 4,073
Total Mortgage Loan Application Amount $993,625,000
Average Mortgage Loan Application Amount $243,954
Highest Mortgage Loan Application Amount $1,925,000
Average Applicant Income $81,699
Highest Applicant Income $2,238,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Colten Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Colten Mortgage, LLC 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
Refinancing 1,990 $398,520,000 $200,000 $1,055,000 $68,000 $2,238,000
Home Purchase 1,590 $478,600,000 $301,000 $1,925,000 $96,000 $1,620,000
Cash-out Refinancing 492 $116,360,000 $236,000 $845,000 $91,000 $528,000
Home Improvement 1 $145,000 $145,000 $145,000 $30,000 $30,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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
Not Provided 2,310 $493,590,000 $213,000 $1,925,000 $70,000 $1,620,000
White 1,184 $340,200,000 $287,000 $1,355,000 $103,000 $2,238,000
Black or African American 256 $66,760,000 $260,000 $645,000 $76,000 $467,000
Hispanic 185 $51,445,000 $278,000 $675,000 $76,000 $380,000
Asian 121 $35,825,000 $296,000 $825,000 $115,000 $565,000
American Indian or Alaskan Native 13 $4,565,000 $351,000 $535,000 $128,000 $325,000
Native Hawaiian or Other Pacific Islander 3 $1,065,000 $355,000 $525,000 $73,000 $95,000
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) 2,409 $620,615,000 $257,000 $1,925,000 $102,000 $2,238,000
FHA-insured (Federal Housing Administration) 797 $194,295,000 $243,000 $965,000 $46,000 $261,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 669 $111,815,000 $167,000 $355,000 $50,000 $136,000
VA-guaranteed (Veterans Administration) 198 $66,900,000 $337,000 $1,355,000 $81,000 $481,000

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 2,426 $614,550,000 $253,000 $1,355,000 $84,000 $900,000
Application Withdrawn By Applicant 1,046 $239,090,000 $228,000 $1,055,000 $81,000 $2,238,000
Application Approved But Not Accepted 473 $107,735,000 $227,000 $1,205,000 $79,000 $1,620,000
Application Denied By Financial Institution 122 $30,620,000 $250,000 $1,925,000 $65,000 $528,000
Preapproval Approved but not Accepted 3 $645,000 $215,000 $395,000 $69,000 $103,000
Preapproval Denied by Financial Institution 2 $580,000 $290,000 $365,000 $51,000 $60,000
File Closed For Incompleteness 1 $405,000 $405,000 $405,000 $0 $0
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 3,949 $962,425,000 $243,000 $1,355,000 $82,000 $2,238,000
Debt-To-Income Ratio 55 $15,525,000 $282,000 $1,925,000 $54,000 $450,000
Credit History 35 $7,775,000 $222,000 $405,000 $65,000 $528,000
Collateral 15 $2,625,000 $175,000 $595,000 $75,000 $241,000
Employment History 8 $2,340,000 $292,000 $435,000 $71,000 $135,000
Insufficient Cash (Downpayment, Closing Cost) 5 $1,205,000 $241,000 $305,000 $97,000 $147,000
Other 3 $895,000 $298,000 $685,000 $113,000 $263,000
Unverifiable Information 3 $835,000 $278,000 $365,000 $83,000 $127,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Colten Mortgage, LLC'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 Colten Mortgage, LLC'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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