Evolve Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, Evolve Bank & Trust of Memphis, TN reported 4,111 mortgage applications totaling $918.2 million, down 15% from 2017. The average application was for $223,353, and applicants reported an average income of $91,320. 72% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Columbus, OH (711), Memphis, TN-MS-AR (371) and Atlanta-Sandy Springs-Roswell, GA (276) (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 | 4,111 |
| Total Mortgage Loan Application Amount | $918,205,000 |
| Average Mortgage Loan Application Amount | $223,353 |
| Highest Mortgage Loan Application Amount | $2,685,000 |
| Average Applicant Income | $91,320 |
| Highest Applicant Income | $2,590,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 3,378 | $724,000,000 | $214,000 | $2,685,000 | $87,000 | $2,590,000 |
| Cash-out Refinancing | 400 | $111,990,000 | $279,000 | $1,285,000 | $103,000 | $900,000 |
| Refinancing | 311 | $78,785,000 | $253,000 | $1,495,000 | $121,000 | $704,000 |
| Other Purpose | 15 | $2,975,000 | $198,000 | $545,000 | $103,000 | $229,000 |
| Home Improvement | 7 | $455,000 | $65,000 | $125,000 | $165,000 | $354,000 |
| Not Applicable | 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 | 2,753 | $618,785,000 | $224,000 | $2,685,000 | $94,000 | $2,590,000 |
| Black or African American | 671 | $146,025,000 | $217,000 | $665,000 | $79,000 | $651,000 |
| Hispanic | 263 | $59,865,000 | $227,000 | $815,000 | $80,000 | $648,000 |
| Asian | 165 | $39,495,000 | $239,000 | $675,000 | $100,000 | $402,000 |
| Not Provided | 164 | $38,380,000 | $234,000 | $1,285,000 | $87,000 | $550,000 |
| Not applicable | 67 | $10,545,000 | $157,000 | $1,205,000 | $0 | $0 |
| American Indian or Alaskan Native | 18 | $2,930,000 | $162,000 | $405,000 | $61,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,270,000 | $211,000 | $295,000 | $53,000 | $95,000 |
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) | 2,390 | $551,020,000 | $230,000 | $2,685,000 | $104,000 | $2,590,000 |
| FHA-insured (Federal Housing Administration) | 1,188 | $232,480,000 | $195,000 | $645,000 | $68,000 | $362,000 |
| VA-guaranteed (Veterans Administration) | 400 | $114,210,000 | $285,000 | $1,285,000 | $89,000 | $651,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 133 | $20,495,000 | $154,000 | $365,000 | $57,000 | $102,000 |
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 | 2,958 | $651,550,000 | $220,000 | $2,685,000 | $91,000 | $2,590,000 |
| Application Denied By Financial Institution | 403 | $88,025,000 | $218,000 | $745,000 | $76,000 | $651,000 |
| Application Withdrawn By Applicant | 387 | $94,415,000 | $243,000 | $995,000 | $98,000 | $648,000 |
| Application Approved But Not Accepted | 363 | $84,215,000 | $231,000 | $1,285,000 | $96,000 | $900,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,708 | $830,180,000 | $223,000 | $2,685,000 | $92,000 | $2,590,000 |
| Debt-To-Income Ratio | 108 | $23,610,000 | $218,000 | $645,000 | $56,000 | $189,000 |
| Other | 101 | $22,575,000 | $223,000 | $705,000 | $85,000 | $261,000 |
| Credit History | 77 | $17,235,000 | $223,000 | $595,000 | $86,000 | $651,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 50 | $9,420,000 | $188,000 | $665,000 | $75,000 | $208,000 |
| Collateral | 42 | $10,210,000 | $243,000 | $745,000 | $89,000 | $299,000 |
| Unverifiable Information | 12 | $2,510,000 | $209,000 | $425,000 | $72,000 | $164,000 |
| Employment History | 11 | $1,785,000 | $162,000 | $455,000 | $88,000 | $187,000 |
| Credit Application Incomplete | 2 | $680,000 | $340,000 | $495,000 | $107,000 | $164,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2018 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.
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