Everett Financial Inc. Mortgage Lending & HMDA Data, 2011
In 2011, Everett Financial Inc. of Dallas, TX reported 17,795 mortgage applications totaling $3.4 billion, up 40% from 2010. The average application was for $190,442, and applicants reported an average income of $94,301. 41% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Dallas-Plano-Irving, TX (3,317), Houston-Sugar Land-Baytown, TX (1,667) and Fort Worth-Arlington, TX (1,494) (applications in parentheses).
| Mortgage Company & Address | Everett Financial Inc. 14801 Quorum Dr Suite 300 Dallas, TX 75254 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 17,795 |
| Total Mortgage Loan Application Amount | $3,388,931,000 |
| Average Mortgage Loan Application Amount | $190,442 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $94,301 |
| Highest Applicant Income | $3,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Everett Financial Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Everett Financial Inc. in 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 11,065 | $2,321,119,000 | $209,000 | $1,900,000 | $103,000 | $3,000,000 |
| Home Purchase | 6,730 | $1,067,812,000 | $158,000 | $994,000 | $80,000 | $1,397,000 |
| 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 | 10,168 | $1,906,877,000 | $187,000 | $1,267,000 | $95,000 | $3,000,000 |
| Not Provided | 4,950 | $1,055,629,000 | $213,000 | $1,355,000 | $104,000 | $3,000,000 |
| Hispanic | 1,444 | $216,159,000 | $149,000 | $1,900,000 | $71,000 | $711,000 |
| Black or African American | 872 | $141,110,000 | $161,000 | $720,000 | $74,000 | $1,788,000 |
| Asian | 306 | $58,228,000 | $190,000 | $900,000 | $98,000 | $960,000 |
| American Indian or Alaskan Native | 29 | $5,576,000 | $192,000 | $389,000 | $86,000 | $228,000 |
| Native Hawaiian or Other Pacific Islander | 26 | $5,352,000 | $205,000 | $616,000 | $87,000 | $240,000 |
| 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) | 10,686 | $2,249,281,000 | $210,000 | $1,900,000 | $111,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 5,788 | $920,968,000 | $159,000 | $615,000 | $70,000 | $1,231,000 |
| VA-guaranteed (Veterans Administration) | 878 | $161,204,000 | $183,000 | $729,000 | $72,000 | $1,320,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 443 | $57,478,000 | $129,000 | $327,000 | $45,000 | $109,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 9,531 | $1,971,403,000 | $206,000 | $1,900,000 | $101,000 | $3,000,000 |
| Loan Originated | 7,240 | $1,229,466,000 | $169,000 | $960,000 | $87,000 | $2,932,000 |
| Application Denied By Financial Institution | 574 | $105,755,000 | $184,000 | $1,355,000 | $77,000 | $900,000 |
| File Closed For Incompleteness | 243 | $40,063,000 | $164,000 | $1,267,000 | $83,000 | $1,260,000 |
| Application Approved But Not Accepted | 200 | $41,016,000 | $205,000 | $980,000 | $95,000 | $436,000 |
| Preapproval Approved but not Accepted | 4 | $426,000 | $106,000 | $124,000 | $58,000 | $91,000 |
| Preapproval Denied by Financial Institution | 3 | $802,000 | $267,000 | $343,000 | $169,000 | $325,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 112 | $21,113,000 | $188,000 | $1,300,000 | $60,000 | $367,000 |
| Credit History | 70 | $11,843,000 | $169,000 | $1,355,000 | $66,000 | $250,000 |
| Collateral | 60 | $9,988,000 | $166,000 | $643,000 | $91,000 | $369,000 |
| Other | 25 | $4,512,000 | $180,000 | $756,000 | $88,000 | $280,000 |
| Unverifiable Information | 10 | $1,616,000 | $161,000 | $304,000 | $60,000 | $119,000 |
| Employment History | 9 | $1,273,000 | $141,000 | $297,000 | $53,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $751,000 | $125,000 | $151,000 | $77,000 | $117,000 |
| Credit Application Incomplete | 4 | $649,000 | $162,000 | $299,000 | $66,000 | $96,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Financial Inc.'s 2011 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 Everett Financial Inc.'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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