Evolve Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Evolve Bank & Trust of Memphis, TN reported 7,276 mortgage applications totaling $1.6 billion, up 14% from 2014. The average application was for $226,518, and applicants reported an average income of $93,984. 67% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Columbus, OH (588), Atlanta-Sandy Springs-Roswell, GA (507) and Memphis, TN-MS-AR (397) (applications in parentheses).
| Mortgage Company & Address | Evolve Bank & Trust 6000 Poplar Avenue Suite 300 Memphis, TN 38119 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 7,276 |
| Total Mortgage Loan Application Amount | $1,648,152,000 |
| Average Mortgage Loan Application Amount | $226,518 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $93,984 |
| Highest Applicant Income | $2,142,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Evolve 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 | 4,538 | $927,123,000 | $204,000 | $3,000,000 | $86,000 | $2,142,000 |
| Refinancing | 2,638 | $695,488,000 | $263,000 | $1,929,000 | $107,000 | $1,794,000 |
| Home Improvement | 100 | $25,541,000 | $255,000 | $636,000 | $113,000 | $337,000 |
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 | 4,837 | $1,021,274,000 | $211,000 | $1,703,000 | $91,000 | $2,142,000 |
| Not Provided | 825 | $284,161,000 | $344,000 | $1,180,000 | $149,000 | $2,135,000 |
| Black or African American | 624 | $116,787,000 | $187,000 | $778,000 | $68,000 | $567,000 |
| Hispanic | 586 | $112,749,000 | $192,000 | $1,050,000 | $65,000 | $445,000 |
| Asian | 333 | $92,146,000 | $276,000 | $3,000,000 | $108,000 | $469,000 |
| Not applicable | 38 | $14,062,000 | $370,000 | $1,929,000 | $70,000 | $280,000 |
| American Indian or Alaskan Native | 20 | $3,980,000 | $199,000 | $535,000 | $75,000 | $154,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $2,993,000 | $230,000 | $397,000 | $96,000 | $230,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,252 | $1,077,491,000 | $253,000 | $1,929,000 | $119,000 | $2,142,000 |
| FHA-insured (Federal Housing Administration) | 2,434 | $444,667,000 | $182,000 | $636,000 | $58,000 | $2,135,000 |
| VA-guaranteed (Veterans Administration) | 416 | $98,569,000 | $236,000 | $809,000 | $74,000 | $567,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 174 | $27,425,000 | $157,000 | $3,000,000 | $52,000 | $420,000 |
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 | 4,847 | $994,227,000 | $205,000 | $1,929,000 | $87,000 | $2,142,000 |
| Application Withdrawn By Applicant | 1,078 | $238,856,000 | $221,000 | $3,000,000 | $90,000 | $2,135,000 |
| Loan Purchased By The Institution | 710 | $278,318,000 | $391,000 | $881,000 | $162,000 | $1,794,000 |
| Application Denied By Financial Institution | 421 | $88,788,000 | $210,000 | $1,440,000 | $78,000 | $763,000 |
| File Closed For Incompleteness | 182 | $40,027,000 | $219,000 | $840,000 | $88,000 | $459,000 |
| Application Approved But Not Accepted | 38 | $7,936,000 | $208,000 | $485,000 | $94,000 | $327,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 114 | $26,975,000 | $236,000 | $873,000 | $86,000 | $763,000 |
| Credit History | 99 | $19,194,000 | $193,000 | $585,000 | $65,000 | $296,000 |
| Collateral | 88 | $18,644,000 | $211,000 | $1,440,000 | $98,000 | $666,000 |
| Debt-To-Income Ratio | 73 | $14,316,000 | $196,000 | $720,000 | $63,000 | $251,000 |
| Unverifiable Information | 23 | $4,510,000 | $196,000 | $417,000 | $74,000 | $270,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,968,000 | $218,000 | $465,000 | $90,000 | $209,000 |
| Employment History | 4 | $705,000 | $176,000 | $394,000 | $85,000 | $167,000 |
| Credit Application Incomplete | 3 | $887,000 | $295,000 | $389,000 | $82,000 | $118,000 |
| Mortgage Insurance Denied | 1 | $344,000 | $344,000 | $344,000 | $94,000 | $94,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve 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 Evolve 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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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