Commerce National Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Commerce National Bank & Trust of Winter Park, FL reported 50 mortgage applications totaling $18.1 million, up 39% from 2014. The average application was for $362,760, and applicants reported an average income of $209,220. 52% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Orlando-Kissimmee-Sanford, FL (38), Deltona-Daytona Beach-Ormond Beach, FL (3) and Charlotte-Concord-Gastonia, NC-SC (2) (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 | 50 |
| Total Mortgage Loan Application Amount | $18,138,000 |
| Average Mortgage Loan Application Amount | $362,760 |
| Highest Mortgage Loan Application Amount | $1,530,000 |
| Average Applicant Income | $209,220 |
| Highest Applicant Income | $1,215,000 |
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records Commerce National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Commerce National Bank & Trust in 2015
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 | 37 | $15,132,000 | $408,000 | $1,530,000 | $190,000 | $800,000 |
| Refinancing | 10 | $2,548,000 | $254,000 | $930,000 | $233,000 | $1,215,000 |
| Home Improvement | 3 | $458,000 | $152,000 | $388,000 | $367,000 | $480,000 |
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 | 45 | $17,452,000 | $387,000 | $1,530,000 | $226,000 | $1,215,000 |
| Hispanic | 2 | $498,000 | $249,000 | $338,000 | $130,000 | $180,000 |
| Asian | 1 | $40,000 | $40,000 | $40,000 | $28,000 | $28,000 |
| Not applicable | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Not Provided | 1 | $43,000 | $43,000 | $43,000 | $20,000 | $20,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 50 | $18,138,000 | $362,000 | $1,530,000 | $209,000 | $1,215,000 |
| 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 | 26 | $8,816,000 | $339,000 | $1,339,000 | $225,000 | $1,215,000 |
| Application Denied By Financial Institution | 14 | $5,663,000 | $404,000 | $969,000 | $171,000 | $513,000 |
| Application Withdrawn By Applicant | 7 | $1,844,000 | $263,000 | $630,000 | $132,000 | $300,000 |
| Application Approved But Not Accepted | 3 | $1,815,000 | $605,000 | $1,530,000 | $434,000 | $676,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,529,000 | $382,000 | $590,000 | $200,000 | $513,000 |
| Collateral | 3 | $709,000 | $236,000 | $388,000 | $254,000 | $480,000 |
| Debt-To-Income Ratio | 3 | $1,570,000 | $523,000 | $969,000 | $119,000 | $179,000 |
| Credit History | 2 | $792,000 | $396,000 | $417,000 | $191,000 | $260,000 |
| Unverifiable Information | 1 | $523,000 | $523,000 | $523,000 | $0 | $0 |
| Credit Application Incomplete | 1 | $540,000 | $540,000 | $540,000 | $103,000 | $103,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commerce National Bank & Trust's 2015 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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