Consumer Real Estate Finance Co dba Society Mortgage Mortgage Lending & HMDA Data, 2022

In 2022, Consumer Real Estate Finance Co dba Society Mortgage of Fort Lauderdale, FL reported 2,077 mortgage applications totaling $432.4 million, up 42% from 2021. The average application was for $208,206, and applicants reported an average income of $69,948. 46% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (57), Chicago-Naperville, IL (30) and Pittsburgh, PA (25) (applications in parentheses).

Mortgage Company & Address Consumer Real Estate Finance Co dba Society Mortgage
330 Sw 2nd St #111
Fort Lauderdale, FL 33312
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  
Total Number of Mortgage Applications 2,077
Total Mortgage Loan Application Amount $432,445,000
Average Mortgage Loan Application Amount $208,206
Highest Mortgage Loan Application Amount $735,000
Average Applicant Income $69,948
Highest Applicant Income $694,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Consumer Real Estate Finance Co dba Society Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Consumer Real Estate Finance Co dba Society Mortgage in 2022

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 2,070 $431,150,000 $208,000 $735,000 $70,000 $694,000
Refinancing 3 $365,000 $121,000 $155,000 $36,000 $45,000
Other Purpose 2 $510,000 $255,000 $365,000 $72,000 $90,000
Cash-out Refinancing 1 $135,000 $135,000 $135,000 $42,000 $42,000
Home Improvement 1 $285,000 $285,000 $285,000 $89,000 $89,000
Not Applicable 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
White 1,354 $266,330,000 $196,000 $735,000 $69,000 $694,000
Black or African American 444 $101,060,000 $227,000 $595,000 $70,000 $234,000
Hispanic 170 $39,300,000 $231,000 $625,000 $75,000 $231,000
Not Provided 41 $7,725,000 $188,000 $325,000 $62,000 $228,000
Asian 25 $7,005,000 $280,000 $525,000 $82,000 $243,000
American Indian or Alaskan Native 16 $3,280,000 $205,000 $305,000 $69,000 $163,000
Not applicable 8 $2,250,000 $281,000 $525,000 $109,000 $234,000
Native Hawaiian or Other Pacific Islander 1 $175,000 $175,000 $175,000 $37,000 $37,000

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
FHA-insured (Federal Housing Administration) 1,352 $288,840,000 $213,000 $685,000 $69,000 $261,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 502 $91,300,000 $181,000 $355,000 $64,000 $254,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 207 $47,895,000 $231,000 $645,000 $91,000 $694,000
VA-guaranteed (Veterans Administration) 16 $4,410,000 $275,000 $735,000 $84,000 $226,000

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 960 $196,730,000 $204,000 $735,000 $71,000 $261,000
Application Withdrawn By Applicant 849 $178,795,000 $210,000 $625,000 $71,000 $694,000
Application Denied By Financial Institution 268 $56,920,000 $212,000 $685,000 $66,000 $327,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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
Not applicable 1,809 $375,525,000 $207,000 $735,000 $71,000 $694,000
Other 111 $24,305,000 $218,000 $495,000 $71,000 $180,000
Debt-To-Income Ratio 70 $15,120,000 $216,000 $685,000 $54,000 $155,000
Credit History 36 $7,570,000 $210,000 $425,000 $70,000 $172,000
Insufficient Cash (Downpayment, Closing Cost) 18 $3,770,000 $209,000 $385,000 $63,000 $114,000
Employment History 17 $3,005,000 $176,000 $305,000 $50,000 $75,000
Collateral 8 $1,690,000 $211,000 $555,000 $86,000 $327,000
Unverifiable Information 8 $1,460,000 $182,000 $255,000 $86,000 $231,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Consumer Real Estate Finance Co dba Society Mortgage's 2022 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 Consumer Real Estate Finance Co dba Society Mortgage'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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