Evolve Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Evolve Bank & Trust of Memphis, TN reported 6,228 mortgage applications totaling $1.3 billion, down 14% from 2015. The average application was for $208,332, and applicants reported an average income of $89,236. 75% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Columbus, OH (794), Atlanta-Sandy Springs-Roswell, GA (472) and Memphis, TN-MS-AR (404) (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 | 6,228 |
| Total Mortgage Loan Application Amount | $1,297,497,000 |
| Average Mortgage Loan Application Amount | $208,332 |
| Highest Mortgage Loan Application Amount | $1,768,000 |
| Average Applicant Income | $89,236 |
| Highest Applicant Income | $2,224,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 4,399 | $877,599,000 | $199,000 | $1,768,000 | $85,000 | $2,224,000 |
| Refinancing | 1,758 | $403,893,000 | $229,000 | $1,087,000 | $99,000 | $900,000 |
| Home Improvement | 71 | $16,005,000 | $225,000 | $626,000 | $110,000 | $275,000 |
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 | 4,404 | $932,772,000 | $211,000 | $1,768,000 | $95,000 | $2,224,000 |
| Hispanic | 628 | $121,931,000 | $194,000 | $564,000 | $67,000 | $374,000 |
| Black or African American | 625 | $116,656,000 | $186,000 | $720,000 | $76,000 | $883,000 |
| Asian | 320 | $72,813,000 | $227,000 | $995,000 | $95,000 | $1,300,000 |
| Not Provided | 172 | $38,056,000 | $221,000 | $835,000 | $86,000 | $588,000 |
| Native Hawaiin or Other Pacific Islander | 28 | $6,081,000 | $217,000 | $417,000 | $83,000 | $218,000 |
| American Indian or Alaskan Native | 27 | $5,083,000 | $188,000 | $417,000 | $79,000 | $228,000 |
| Not applicable | 24 | $4,105,000 | $171,000 | $656,000 | $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) | 3,579 | $792,203,000 | $221,000 | $1,768,000 | $109,000 | $2,224,000 |
| FHA-insured (Federal Housing Administration) | 2,085 | $387,209,000 | $185,000 | $835,000 | $61,000 | $1,225,000 |
| VA-guaranteed (Veterans Administration) | 371 | $89,422,000 | $241,000 | $1,012,000 | $74,000 | $270,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 193 | $28,663,000 | $148,000 | $376,000 | $53,000 | $111,000 |
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 | 4,694 | $976,771,000 | $208,000 | $1,768,000 | $90,000 | $2,224,000 |
| Application Withdrawn By Applicant | 613 | $134,013,000 | $218,000 | $1,628,000 | $95,000 | $900,000 |
| Application Approved But Not Accepted | 459 | $96,105,000 | $209,000 | $1,012,000 | $89,000 | $1,225,000 |
| Application Denied By Financial Institution | 443 | $86,187,000 | $194,000 | $1,087,000 | $71,000 | $372,000 |
| File Closed For Incompleteness | 19 | $4,421,000 | $232,000 | $626,000 | $84,000 | $229,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 121 | $23,009,000 | $190,000 | $1,075,000 | $74,000 | $266,000 |
| Debt-To-Income Ratio | 102 | $21,634,000 | $212,000 | $633,000 | $65,000 | $275,000 |
| Collateral | 89 | $16,514,000 | $185,000 | $477,000 | $83,000 | $372,000 |
| Credit History | 73 | $14,413,000 | $197,000 | $611,000 | $66,000 | $307,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 26 | $4,658,000 | $179,000 | $1,087,000 | $56,000 | $212,000 |
| Unverifiable Information | 23 | $4,392,000 | $190,000 | $417,000 | $67,000 | $186,000 |
| Employment History | 7 | $1,143,000 | $163,000 | $347,000 | $52,000 | $106,000 |
| Credit Application Incomplete | 2 | $424,000 | $212,000 | $240,000 | $70,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2016 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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