Evolve Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, Evolve Bank & Trust of Memphis, TN reported 6,801 mortgage applications totaling $2.1 billion, up 6% from 2020. The average application was for $307,146, and applicants reported an average income of $131,794. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Memphis, TN-MS-AR (626), Wilmington, DE-MD-NJ (414) and Hartford-West Hartford-East Hartford, CT (412) (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 | 6,801 |
| Total Mortgage Loan Application Amount | $2,088,905,000 |
| Average Mortgage Loan Application Amount | $307,146 |
| Highest Mortgage Loan Application Amount | $3,765,000 |
| Average Applicant Income | $131,794 |
| Highest Applicant Income | $2,753,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 3,674 | $1,097,780,000 | $298,000 | $3,765,000 | $122,000 | $2,726,000 |
| Refinancing | 1,887 | $605,075,000 | $320,000 | $2,965,000 | $149,000 | $2,753,000 |
| Cash-out Refinancing | 1,204 | $374,910,000 | $311,000 | $1,995,000 | $135,000 | $1,724,000 |
| Home Improvement | 35 | $11,005,000 | $314,000 | $965,000 | $124,000 | $876,000 |
| Other Purpose | 1 | $135,000 | $135,000 | $135,000 | $65,000 | $65,000 |
| 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 | 4,448 | $1,390,160,000 | $312,000 | $2,965,000 | $142,000 | $2,753,000 |
| Black or African American | 991 | $259,465,000 | $261,000 | $1,955,000 | $94,000 | $622,000 |
| Hispanic | 744 | $223,610,000 | $300,000 | $1,605,000 | $97,000 | $824,000 |
| Asian | 333 | $117,385,000 | $352,000 | $1,525,000 | $168,000 | $813,000 |
| Not Provided | 213 | $80,025,000 | $375,000 | $3,765,000 | $155,000 | $1,644,000 |
| Not applicable | 50 | $10,380,000 | $207,000 | $1,455,000 | $0 | $0 |
| American Indian or Alaskan Native | 16 | $6,110,000 | $381,000 | $1,995,000 | $191,000 | $1,217,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,280,000 | $320,000 | $405,000 | $119,000 | $197,000 |
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) | 5,317 | $1,695,815,000 | $318,000 | $3,765,000 | $146,000 | $2,753,000 |
| FHA-insured (Federal Housing Administration) | 1,208 | $302,700,000 | $250,000 | $1,145,000 | $76,000 | $445,000 |
| VA-guaranteed (Veterans Administration) | 215 | $77,455,000 | $360,000 | $1,855,000 | $105,000 | $546,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 61 | $12,935,000 | $212,000 | $415,000 | $61,000 | $108,000 |
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 | 5,529 | $1,660,665,000 | $300,000 | $3,765,000 | $130,000 | $2,753,000 |
| Application Withdrawn By Applicant | 879 | $296,775,000 | $337,000 | $2,965,000 | $144,000 | $2,726,000 |
| Application Denied By Financial Institution | 334 | $108,060,000 | $323,000 | $2,355,000 | $114,000 | $1,724,000 |
| Application Approved But Not Accepted | 49 | $18,635,000 | $380,000 | $1,525,000 | $212,000 | $1,544,000 |
| Preapproval Approved but not Accepted | 10 | $4,770,000 | $477,000 | $825,000 | $126,000 | $215,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 6,467 | $1,980,845,000 | $306,000 | $3,765,000 | $133,000 | $2,753,000 |
| Other | 112 | $38,050,000 | $339,000 | $2,355,000 | $148,000 | $813,000 |
| Debt-To-Income Ratio | 106 | $37,140,000 | $350,000 | $1,625,000 | $87,000 | $1,724,000 |
| Credit History | 41 | $12,265,000 | $299,000 | $815,000 | $88,000 | $300,000 |
| Collateral | 38 | $11,170,000 | $293,000 | $895,000 | $135,000 | $951,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $4,505,000 | $265,000 | $655,000 | $84,000 | $275,000 |
| Employment History | 13 | $2,855,000 | $219,000 | $385,000 | $85,000 | $346,000 |
| Unverifiable Information | 7 | $2,075,000 | $296,000 | $565,000 | $145,000 | $228,000 |
| 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 2021 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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