Evolve Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, Evolve Bank & Trust of Memphis, TN reported 3,361 mortgage applications totaling $819.9 million, down 18% from 2018. The average application was for $243,958, and applicants reported an average income of $93,352. 69% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Memphis, TN-MS-AR (281), Wilmington, DE-MD-NJ (235) and Tampa-St. Petersburg-Clearwater, FL (220) (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 | 3,361 |
| Total Mortgage Loan Application Amount | $819,945,000 |
| Average Mortgage Loan Application Amount | $243,958 |
| Highest Mortgage Loan Application Amount | $1,865,000 |
| Average Applicant Income | $93,352 |
| Highest Applicant Income | $1,821,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 2,295 | $525,405,000 | $228,000 | $1,865,000 | $89,000 | $1,821,000 |
| Refinancing | 613 | $170,015,000 | $277,000 | $1,235,000 | $104,000 | $1,316,000 |
| Cash-out Refinancing | 436 | $120,870,000 | $277,000 | $965,000 | $100,000 | $1,290,000 |
| Other Purpose | 12 | $2,560,000 | $213,000 | $485,000 | $131,000 | $351,000 |
| Home Improvement | 5 | $1,095,000 | $219,000 | $395,000 | $116,000 | $167,000 |
| 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 | 2,051 | $513,905,000 | $250,000 | $1,865,000 | $101,000 | $1,290,000 |
| Black or African American | 639 | $144,825,000 | $226,000 | $965,000 | $78,000 | $1,107,000 |
| Hispanic | 409 | $97,815,000 | $239,000 | $785,000 | $77,000 | $1,821,000 |
| Not Provided | 105 | $24,715,000 | $235,000 | $875,000 | $104,000 | $1,316,000 |
| Asian | 100 | $29,370,000 | $293,000 | $795,000 | $96,000 | $355,000 |
| Not applicable | 40 | $5,310,000 | $132,000 | $865,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,525,000 | $217,000 | $325,000 | $51,000 | $81,000 |
| American Indian or Alaskan Native | 5 | $1,285,000 | $257,000 | $355,000 | $114,000 | $172,000 |
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) | 1,870 | $461,240,000 | $246,000 | $1,865,000 | $110,000 | $1,821,000 |
| FHA-insured (Federal Housing Administration) | 989 | $220,825,000 | $223,000 | $785,000 | $70,000 | $1,107,000 |
| VA-guaranteed (Veterans Administration) | 398 | $120,940,000 | $303,000 | $975,000 | $78,000 | $395,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 104 | $16,940,000 | $162,000 | $315,000 | $58,000 | $115,000 |
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 | 2,330 | $567,400,000 | $243,000 | $1,235,000 | $96,000 | $1,821,000 |
| Application Denied By Financial Institution | 433 | $105,545,000 | $243,000 | $965,000 | $76,000 | $1,107,000 |
| Application Approved But Not Accepted | 306 | $72,000,000 | $235,000 | $735,000 | $85,000 | $420,000 |
| Application Withdrawn By Applicant | 292 | $75,000,000 | $256,000 | $1,865,000 | $102,000 | $780,000 |
| 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 | 2,928 | $714,400,000 | $243,000 | $1,865,000 | $96,000 | $1,821,000 |
| Other | 143 | $40,325,000 | $281,000 | $965,000 | $83,000 | $320,000 |
| Debt-To-Income Ratio | 98 | $25,720,000 | $262,000 | $615,000 | $67,000 | $401,000 |
| Credit History | 80 | $15,250,000 | $190,000 | $515,000 | $81,000 | $1,107,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 50 | $10,170,000 | $203,000 | $725,000 | $70,000 | $277,000 |
| Collateral | 32 | $7,090,000 | $221,000 | $795,000 | $81,000 | $235,000 |
| Employment History | 15 | $3,035,000 | $202,000 | $425,000 | $57,000 | $216,000 |
| Unverifiable Information | 15 | $3,955,000 | $263,000 | $785,000 | $98,000 | $236,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2019 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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with aggregated HMDA statistics today.
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