Evolve Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, Evolve Bank & Trust of Memphis, TN reported 6,439 mortgage applications totaling $1.9 billion, up 92% from 2019. The average application was for $294,678, and applicants reported an average income of $125,555. 75% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Memphis, TN-MS-AR (615), Wilmington, DE-MD-NJ (359) and Hartford-West Hartford-East Hartford, CT (286) (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 | 6,439 |
| Total Mortgage Loan Application Amount | $1,897,435,000 |
| Average Mortgage Loan Application Amount | $294,678 |
| Highest Mortgage Loan Application Amount | $3,105,000 |
| Average Applicant Income | $125,555 |
| Highest Applicant Income | $2,555,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 | 2,921 | $805,605,000 | $275,000 | $3,105,000 | $109,000 | $1,544,000 |
| Refinancing | 2,646 | $829,000,000 | $313,000 | $2,955,000 | $141,000 | $1,544,000 |
| Cash-out Refinancing | 826 | $251,410,000 | $304,000 | $1,205,000 | $135,000 | $2,555,000 |
| Home Improvement | 37 | $9,445,000 | $255,000 | $765,000 | $113,000 | $231,000 |
| Other Purpose | 9 | $1,975,000 | $219,000 | $415,000 | $143,000 | $407,000 |
| 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 | 4,497 | $1,338,065,000 | $297,000 | $3,105,000 | $132,000 | $1,544,000 |
| Black or African American | 762 | $200,620,000 | $263,000 | $805,000 | $88,000 | $628,000 |
| Hispanic | 657 | $179,015,000 | $272,000 | $995,000 | $99,000 | $831,000 |
| Asian | 325 | $117,465,000 | $361,000 | $2,605,000 | $166,000 | $2,555,000 |
| Not Provided | 147 | $46,245,000 | $314,000 | $985,000 | $131,000 | $737,000 |
| Not applicable | 27 | $8,825,000 | $326,000 | $2,955,000 | $0 | $0 |
| American Indian or Alaskan Native | 13 | $3,905,000 | $300,000 | $615,000 | $109,000 | $178,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,135,000 | $305,000 | $525,000 | $63,000 | $157,000 |
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) | 4,968 | $1,508,680,000 | $303,000 | $3,105,000 | $139,000 | $2,555,000 |
| FHA-insured (Federal Housing Administration) | 943 | $232,075,000 | $246,000 | $955,000 | $72,000 | $453,000 |
| VA-guaranteed (Veterans Administration) | 452 | $142,620,000 | $315,000 | $975,000 | $72,000 | $720,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 76 | $14,060,000 | $185,000 | $455,000 | $58,000 | $133,000 |
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 | 4,859 | $1,410,815,000 | $290,000 | $2,955,000 | $126,000 | $2,555,000 |
| Application Withdrawn By Applicant | 923 | $296,225,000 | $320,000 | $3,105,000 | $137,000 | $1,500,000 |
| Application Denied By Financial Institution | 550 | $156,640,000 | $284,000 | $2,305,000 | $99,000 | $737,000 |
| Application Approved But Not Accepted | 107 | $33,755,000 | $315,000 | $1,865,000 | $140,000 | $1,451,000 |
| 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 | 5,889 | $1,740,795,000 | $295,000 | $3,105,000 | $128,000 | $2,555,000 |
| Other | 199 | $59,255,000 | $297,000 | $2,305,000 | $117,000 | $720,000 |
| Debt-To-Income Ratio | 140 | $36,240,000 | $258,000 | $1,045,000 | $72,000 | $480,000 |
| Credit History | 81 | $22,895,000 | $282,000 | $1,035,000 | $97,000 | $540,000 |
| Collateral | 47 | $16,175,000 | $344,000 | $1,805,000 | $131,000 | $737,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 41 | $10,855,000 | $264,000 | $735,000 | $82,000 | $172,000 |
| Unverifiable Information | 30 | $8,280,000 | $276,000 | $555,000 | $102,000 | $612,000 |
| Employment History | 12 | $2,940,000 | $245,000 | $645,000 | $101,000 | $700,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2020 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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