Commerce National Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Commerce National Bank & Trust of Winter Park, FL reported 33 mortgage applications totaling $10.7 million, down 34% from 2015. The average application was for $323,090, and applicants reported an average income of $220,000. 39% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Orlando-Kissimmee-Sanford, FL (29), Deltona-Daytona Beach-Ormond Beach, FL (2) and Jacksonville, FL (1) (applications in parentheses).
| Mortgage Company & Address | Commerce National Bank & Trust 1201 S. Orlando Avenue Winter Park, FL 32789 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 33 |
| Total Mortgage Loan Application Amount | $10,662,000 |
| Average Mortgage Loan Application Amount | $323,090 |
| Highest Mortgage Loan Application Amount | $1,052,000 |
| Average Applicant Income | $220,000 |
| Highest Applicant Income | $1,350,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Commerce National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Orange, Florida | 17 | $ 6,718,000 | $ 395,176 | $ 282,000 |
| Seminole, Florida | 6 | $ 945,000 | $ 157,500 | $ 86,000 |
| Lake, Florida | 4 | $ 1,734,000 | $ 433,500 | $ 227,000 |
| Osceola, Florida | 2 | $ 382,000 | $ 191,000 | $ 54,000 |
| Volusia, Florida | 2 | $ 366,000 | $ 183,000 | $ 264,000 |
| Clay, Florida | 1 | $ 168,000 | $ 168,000 | $ 38,000 |
| Chatham, Georgia | 1 | $ 349,000 | $ 349,000 | $ 367,000 |
Mortgage Loan Application Detail Totals for Commerce National Bank & Trust in 2016
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 | 20 | $6,748,000 | $337,000 | $785,000 | $219,000 | $1,350,000 |
| Refinancing | 10 | $2,754,000 | $275,000 | $1,052,000 | $210,000 | $991,000 |
| Home Improvement | 3 | $1,160,000 | $386,000 | $580,000 | $260,000 | $524,000 |
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 | 30 | $9,475,000 | $315,000 | $1,052,000 | $230,000 | $1,350,000 |
| Not applicable | 1 | $675,000 | $675,000 | $675,000 | $0 | $0 |
| Asian | 1 | $168,000 | $168,000 | $168,000 | $38,000 | $38,000 |
| Hispanic | 1 | $344,000 | $344,000 | $344,000 | $318,000 | $318,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 33 | $10,662,000 | $323,000 | $1,052,000 | $220,000 | $1,350,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 13 | $4,515,000 | $347,000 | $785,000 | $173,000 | $524,000 |
| Application Denied By Financial Institution | 8 | $2,004,000 | $250,000 | $500,000 | $276,000 | $1,350,000 |
| Application Withdrawn By Applicant | 7 | $1,723,000 | $246,000 | $500,000 | $141,000 | $321,000 |
| Application Approved But Not Accepted | 3 | $1,781,000 | $593,000 | $1,052,000 | $168,000 | $450,000 |
| File Closed For Incompleteness | 2 | $639,000 | $319,000 | $344,000 | $654,000 | $991,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $1,126,000 | $225,000 | $349,000 | $126,000 | $367,000 |
| Debt-To-Income Ratio | 1 | $208,000 | $208,000 | $208,000 | $182,000 | $182,000 |
| Collateral | 1 | $170,000 | $170,000 | $170,000 | $44,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $500,000 | $500,000 | $500,000 | $1,350,000 | $1,350,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commerce National Bank & Trust's 2016 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 Commerce National Bank & Trust'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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