Everbank Reverse Mortgage LLC Mortgage Lending & HMDA Data, 2007
In 2007, Everbank Reverse Mortgage LLC of Bloomfield, NJ reported 1,445 mortgage applications totaling $492.5 million. The average application was for $340,796, and applicants reported an average income of $83,541. 67% of its applications resulted in an originated loan and 8% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (689), Nassau-Suffolk, NY (106) and Los Angeles-Long Beach-Glendale, CA (82) (applications in parentheses).
| Mortgage Company & Address | Everbank Reverse Mortgage LLC 1455 Broad Street, Floor2 Bloomfield, NJ 07003 |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 1,445 |
| Total Mortgage Loan Application Amount | $492,451,000 |
| Average Mortgage Loan Application Amount | $340,796 |
| Highest Mortgage Loan Application Amount | $4,750,000 |
| Average Applicant Income | $83,541 |
| Highest Applicant Income | $2,184,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Everbank Reverse Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Westchester, New York | 222 | $ 60,842,000 | $ 274,063 | $ 101,000 |
| Kings, New York | 115 | $ 40,041,000 | $ 348,182 | $ 71,000 |
| New York, New York | 86 | $ 38,498,000 | $ 447,651 | $ 142,000 |
| Los Angeles, California | 82 | $ 34,797,000 | $ 424,353 | $ 0 |
| Queens, New York | 81 | $ 22,839,000 | $ 281,962 | $ 110,000 |
| Suffolk, New York | 62 | $ 24,749,000 | $ 399,177 | $ 126,000 |
| Bronx, New York | 53 | $ 10,899,000 | $ 205,641 | $ 75,000 |
| Orange, New York | 52 | $ 13,042,000 | $ 250,807 | $ 82,000 |
| Nassau, New York | 44 | $ 22,101,000 | $ 502,295 | $ 171,000 |
| Bergen, New Jersey | 36 | $ 12,264,000 | $ 340,666 | $ 101,000 |
| Orange, California | 28 | $ 11,436,000 | $ 408,428 | $ 0 |
| Monmouth, New Jersey | 28 | $ 12,585,000 | $ 449,464 | $ 158,000 |
| Rockland, New York | 27 | $ 8,073,000 | $ 299,000 | $ 167,000 |
| Alameda, California | 25 | $ 8,840,000 | $ 353,600 | $ 0 |
| San Diego, California | 25 | $ 10,178,000 | $ 407,120 | $ 0 |
| Hudson, New Jersey | 25 | $ 7,872,000 | $ 314,880 | $ 139,000 |
| Essex, New Jersey | 21 | $ 5,320,000 | $ 253,333 | $ 102,000 |
| Richmond, New York | 21 | $ 7,344,000 | $ 349,714 | $ 91,000 |
| Middlesex, New Jersey | 20 | $ 6,492,000 | $ 324,600 | $ 120,000 |
| Morris, New Jersey | 18 | $ 5,700,000 | $ 316,666 | $ 163,000 |
| Union, New Jersey | 18 | $ 5,049,000 | $ 280,500 | $ 133,000 |
| Dutchess, New York | 18 | $ 3,666,000 | $ 203,666 | $ 62,000 |
| Ulster, New York | 18 | $ 4,702,000 | $ 261,222 | $ 118,000 |
| Fairfield, Connecticut | 17 | $ 7,477,000 | $ 439,823 | $ 98,000 |
| Sullivan, New York | 17 | $ 3,577,000 | $ 210,411 | $ 84,000 |
| Santa Clara, California | 15 | $ 7,066,000 | $ 471,066 | $ 0 |
| Passaic, New Jersey | 13 | $ 3,156,000 | $ 242,769 | $ 81,000 |
| Ocean, New Jersey | 12 | $ 2,805,000 | $ 233,750 | $ 73,000 |
| Putnam, New York | 10 | $ 2,690,000 | $ 269,000 | $ 106,000 |
| Seminole, Florida | 9 | $ 2,297,000 | $ 255,222 | $ 118,000 |
| Riverside, California | 7 | $ 3,432,000 | $ 490,285 | $ 0 |
| Santa Barbara, California | 7 | $ 3,753,000 | $ 536,142 | $ 0 |
| Palm Beach, Florida | 7 | $ 3,843,000 | $ 549,000 | $ 28,000 |
| Pinellas, Florida | 7 | $ 1,891,000 | $ 270,142 | $ 0 |
| Contra Costa, California | 6 | $ 2,609,000 | $ 434,833 | $ 0 |
| Miami-Dade, Florida | 6 | $ 1,907,000 | $ 317,833 | $ 13,000 |
| Broward, Florida | 5 | $ 1,264,000 | $ 252,800 | $ 41,000 |
| Cape May, New Jersey | 5 | $ 3,275,000 | $ 655,000 | $ 58,000 |
| Somerset, New Jersey | 5 | $ 1,096,000 | $ 219,200 | $ 124,000 |
| Sacramento, California | 4 | $ 1,128,000 | $ 282,000 | $ 0 |
| San Francisco, California | 4 | $ 1,651,000 | $ 412,750 | $ 0 |
| San Luis Obispo, California | 4 | $ 1,258,000 | $ 314,500 | $ 0 |
| San Mateo, California | 4 | $ 1,383,000 | $ 345,750 | $ 0 |
| Ventura, California | 4 | $ 1,525,000 | $ 381,250 | $ 0 |
| New Haven, Connecticut | 4 | $ 1,437,000 | $ 359,250 | $ 58,000 |
| Lee, Florida | 4 | $ 1,169,000 | $ 292,250 | $ 14,000 |
| Marion, Florida | 4 | $ 733,000 | $ 183,250 | $ 0 |
| Barnstable, Massachusetts | 4 | $ 1,787,000 | $ 446,750 | $ 0 |
| Mercer, New Jersey | 4 | $ 974,000 | $ 243,500 | $ 130,000 |
| Onondaga, New York | 4 | $ 524,000 | $ 131,000 | $ 69,000 |
| Monterey, California | 3 | $ 1,320,000 | $ 440,000 | $ 0 |
| Placer, California | 3 | $ 720,000 | $ 240,000 | $ 0 |
| Solano, California | 3 | $ 1,025,000 | $ 341,666 | $ 0 |
| Sonoma, California | 3 | $ 968,000 | $ 322,666 | $ 0 |
| Litchfield, Connecticut | 3 | $ 528,000 | $ 176,000 | $ 0 |
| Middlesex, Connecticut | 3 | $ 626,000 | $ 208,666 | $ 0 |
| Hillsborough, Florida | 3 | $ 625,000 | $ 208,333 | $ 18,000 |
| Volusia, Florida | 3 | $ 704,000 | $ 234,666 | $ 65,000 |
| Cook, Illinois | 3 | $ 766,000 | $ 255,333 | $ 0 |
| Dukes, Massachusetts | 3 | $ 3,192,000 | $ 1,064,000 | $ 0 |
| Norfolk, Massachusetts | 3 | $ 682,000 | $ 227,333 | $ 0 |
| Atlantic, New Jersey | 3 | $ 889,000 | $ 296,333 | $ 108,000 |
| Burlington, New Jersey | 3 | $ 685,000 | $ 228,333 | $ 51,000 |
| Sussex, New Jersey | 3 | $ 870,000 | $ 290,000 | $ 51,000 |
| Warren, New Jersey | 3 | $ 775,000 | $ 258,333 | $ 85,000 |
| Madison, New York | 3 | $ 593,000 | $ 197,666 | $ 65,000 |
| Bucks, Pennsylvania | 3 | $ 778,000 | $ 259,333 | $ 102,000 |
| Montgomery, Pennsylvania | 3 | $ 1,320,000 | $ 440,000 | $ 150,000 |
| Fresno, California | 2 | $ 649,000 | $ 324,500 | $ 0 |
| Kern, California | 2 | $ 639,000 | $ 319,500 | $ 0 |
| Marin, California | 2 | $ 892,000 | $ 446,000 | $ 0 |
| San Bernardino, California | 2 | $ 471,000 | $ 235,500 | $ 0 |
| Tulare, California | 2 | $ 466,000 | $ 233,000 | $ 0 |
| New Castle, Delaware | 2 | $ 404,000 | $ 202,000 | $ 83,000 |
| Citrus, Florida | 2 | $ 358,000 | $ 179,000 | $ 0 |
| Monroe, Florida | 2 | $ 5,570,000 | $ 2,785,000 | $ 425,000 |
| Orange, Florida | 2 | $ 1,515,000 | $ 757,500 | $ 25,000 |
| Polk, Florida | 2 | $ 630,000 | $ 315,000 | $ 53,000 |
| Suffolk, Massachusetts | 2 | $ 480,000 | $ 240,000 | $ 0 |
| Washoe, Nevada | 2 | $ 577,000 | $ 288,500 | $ 0 |
| Camden, New Jersey | 2 | $ 550,000 | $ 275,000 | $ 144,000 |
| Allegheny, Pennsylvania | 2 | $ 251,000 | $ 125,500 | $ 55,000 |
| Lehigh, Pennsylvania | 2 | $ 450,000 | $ 225,000 | $ 71,000 |
| Washington, Rhode Island | 2 | $ 1,090,000 | $ 545,000 | $ 0 |
| Sumner, Tennessee | 2 | $ 553,000 | $ 276,500 | $ 82,000 |
| El Dorado, California | 1 | $ 264,000 | $ 264,000 | $ 0 |
| Merced, California | 1 | $ 444,000 | $ 444,000 | $ 0 |
| Mono, California | 1 | $ 433,000 | $ 433,000 | $ 0 |
| Napa, California | 1 | $ 288,000 | $ 288,000 | $ 0 |
| Plumas, California | 1 | $ 690,000 | $ 690,000 | $ 0 |
| Santa Cruz, California | 1 | $ 437,000 | $ 437,000 | $ 0 |
| Siskiyou, California | 1 | $ 158,000 | $ 158,000 | $ 0 |
| Stanislaus, California | 1 | $ 681,000 | $ 681,000 | $ 0 |
| Tuolumne, California | 1 | $ 422,000 | $ 422,000 | $ 0 |
| Hartford, Connecticut | 1 | $ 297,000 | $ 297,000 | $ 54,000 |
| Windham, Connecticut | 1 | $ 138,000 | $ 138,000 | $ 0 |
| Kent, Delaware | 1 | $ 197,000 | $ 197,000 | $ 37,000 |
| Bay, Florida | 1 | $ 368,000 | $ 368,000 | $ 0 |
| Charlotte, Florida | 1 | $ 196,000 | $ 196,000 | $ 0 |
| Collier, Florida | 1 | $ 526,000 | $ 526,000 | $ 0 |
| Duval, Florida | 1 | $ 420,000 | $ 420,000 | $ 0 |
| Escambia, Florida | 1 | $ 743,000 | $ 743,000 | $ 0 |
| Flagler, Florida | 1 | $ 200,000 | $ 200,000 | $ 125,000 |
| Indian River, Florida | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Lake, Florida | 1 | $ 341,000 | $ 341,000 | $ 100,000 |
| Manatee, Florida | 1 | $ 310,000 | $ 310,000 | $ 0 |
| Putnam, Florida | 1 | $ 283,000 | $ 283,000 | $ 0 |
| Sarasota, Florida | 1 | $ 288,000 | $ 288,000 | $ 600,000 |
| St. Johns, Florida | 1 | $ 1,092,000 | $ 1,092,000 | $ 0 |
| Fayette, Georgia | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Kootenai, Idaho | 1 | $ 856,000 | $ 856,000 | $ 0 |
| Lake, Illinois | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Essex, Massachusetts | 1 | $ 552,000 | $ 552,000 | $ 150,000 |
| Middlesex, Massachusetts | 1 | $ 549,000 | $ 549,000 | $ 0 |
| Nantucket, Massachusetts | 1 | $ 978,000 | $ 978,000 | $ 0 |
| Plymouth, Massachusetts | 1 | $ 348,000 | $ 348,000 | $ 0 |
| Gloucester, New Jersey | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Columbia, New York | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Monroe, New York | 1 | $ 120,000 | $ 120,000 | $ 51,000 |
| Northampton, Pennsylvania | 1 | $ 292,000 | $ 292,000 | $ 96,000 |
| Pike, Pennsylvania | 1 | $ 168,000 | $ 168,000 | $ 81,000 |
| Maury, Tennessee | 1 | $ 191,000 | $ 191,000 | $ 95,000 |
| Salt Lake, Utah | 1 | $ 1,168,000 | $ 1,168,000 | $ 0 |
| Washington, Utah | 1 | $ 927,000 | $ 927,000 | $ 0 |
| King, Washington | 1 | $ 360,000 | $ 360,000 | $ 0 |
Mortgage Loan Application Detail Totals for Everbank Reverse Mortgage LLC in 2007
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 | 741 | $213,755,000 | $288,000 | $2,494,000 | $117,000 | $909,000 |
| Refinancing | 684 | $270,740,000 | $395,000 | $4,750,000 | $45,000 | $2,184,000 |
| Home Improvement | 20 | $7,956,000 | $397,000 | $2,500,000 | $162,000 | $1,050,000 |
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 | 631 | $246,518,000 | $390,000 | $4,000,000 | $70,000 | $2,184,000 |
| Not Provided | 511 | $154,686,000 | $302,000 | $4,750,000 | $113,000 | $909,000 |
| Black or African American | 128 | $39,135,000 | $305,000 | $851,000 | $41,000 | $293,000 |
| Hispanic | 105 | $27,204,000 | $259,000 | $676,000 | $58,000 | $250,000 |
| Asian | 64 | $22,621,000 | $353,000 | $2,494,000 | $126,000 | $460,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $2,033,000 | $406,000 | $751,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $254,000 | $254,000 | $254,000 | $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) | 1,445 | $492,451,000 | $340,000 | $4,750,000 | $84,000 | $2,184,000 |
| 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 | 968 | $315,430,000 | $325,000 | $2,915,000 | $75,000 | $899,000 |
| Application Approved But Not Accepted | 226 | $77,092,000 | $341,000 | $3,000,000 | $118,000 | $1,032,000 |
| Application Denied By Financial Institution | 111 | $35,416,000 | $319,000 | $2,052,000 | $47,000 | $300,000 |
| Application Withdrawn By Applicant | 91 | $43,107,000 | $473,000 | $4,000,000 | $125,000 | $2,184,000 |
| File Closed For Incompleteness | 49 | $21,406,000 | $436,000 | $4,750,000 | $114,000 | $850,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 53 | $20,066,000 | $378,000 | $2,052,000 | $24,000 | $216,000 |
| Other | 19 | $6,251,000 | $329,000 | $1,168,000 | $72,000 | $180,000 |
| Debt-To-Income Ratio | 13 | $3,558,000 | $273,000 | $515,000 | $69,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,209,000 | $220,000 | $363,000 | $50,000 | $300,000 |
| Unverifiable Information | 7 | $1,344,000 | $192,000 | $417,000 | $92,000 | $138,000 |
| Credit History | 7 | $1,756,000 | $250,000 | $350,000 | $62,000 | $112,000 |
| Employment History | 2 | $232,000 | $116,000 | $155,000 | $67,000 | $75,000 |
| 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 Everbank Reverse Mortgage LLC's 2007 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 Everbank Reverse 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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