Crump Mortgage & Funding Corp Mortgage Lending & HMDA Data, 2005
In 2005, Crump Mortgage & Funding Corp of Memphis, TN reported 433 mortgage applications totaling $53.9 million, up 8% from 2004. The average application was for $124,575, and applicants reported an average income of $62,237. 73% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Memphis, TN-MS-AR (264), Chattanooga, TN-GA (2) and Jackson, TN (2) (applications in parentheses).
| Mortgage Company & Address | Crump Mortgage & Funding Corp 684 W. Brookhaven Circle 2nd Fl Memphis, TN 38117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 433 |
| Total Mortgage Loan Application Amount | $53,941,000 |
| Average Mortgage Loan Application Amount | $124,575 |
| Highest Mortgage Loan Application Amount | $772,000 |
| Average Applicant Income | $62,237 |
| Highest Applicant Income | $769,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Crump Mortgage & Funding Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Crump Mortgage & Funding Corp in 2005
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 | 354 | $43,670,000 | $125,333 | $772,000 | $53,666 | $769,000 |
| Refinancing | 79 | $10,271,000 | $92,666 | $572,000 | $49,666 | $420,000 |
| Home Improvement | 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 | 242 | $34,721,000 | $180,000 | $772,000 | $76,666 | $489,000 |
| Black or African American | 151 | $14,754,000 | $96,000 | $335,000 | $37,666 | $769,000 |
| Not Provided | 24 | $3,042,000 | $127,666 | $310,000 | $49,666 | $208,000 |
| Hispanic | 12 | $1,129,000 | $96,500 | $200,000 | $38,000 | $90,000 |
| Asian | 3 | $178,000 | $59,000 | $75,000 | $41,000 | $49,000 |
| American Indian or Alaskan Native | 1 | $117,000 | $117,000 | $117,000 | $46,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 396 | $48,752,000 | $120,000 | $772,000 | $54,666 | $769,000 |
| FHA-insured (Federal Housing Administration) | 20 | $2,149,000 | $106,500 | $173,000 | $34,500 | $374,000 |
| VA-guaranteed (Veterans Administration) | 17 | $3,040,000 | $194,333 | $269,000 | $60,666 | $114,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 317 | $41,093,000 | $123,500 | $772,000 | $57,500 | $489,000 |
| Application Denied By Financial Institution | 112 | $12,483,000 | $122,333 | $370,000 | $52,666 | $769,000 |
| Application Withdrawn By Applicant | 3 | $324,000 | $108,000 | $200,000 | $32,000 | $46,000 |
| Application Approved But Not Accepted | 1 | $41,000 | $41,000 | $41,000 | $337,000 | $337,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 89 | $10,398,000 | $145,333 | $370,000 | $53,666 | $769,000 |
| Other | 7 | $511,000 | $60,500 | $120,000 | $49,500 | $91,000 |
| Employment History | 6 | $716,000 | $99,666 | $240,000 | $35,000 | $71,000 |
| Unverifiable Information | 4 | $502,000 | $132,333 | $244,000 | $49,333 | $88,000 |
| Collateral | 3 | $205,000 | $73,000 | $88,000 | $100,500 | $265,000 |
| Debt-To-Income Ratio | 2 | $83,000 | $41,000 | $66,000 | $46,000 | $50,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crump Mortgage & Funding Corp's 2005 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 Crump Mortgage & Funding Corp'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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