Evolve Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Evolve Bank & Trust of Memphis, TN reported 3,923 mortgage applications totaling $1.3 billion, down 42% from 2021. The average application was for $339,037, and applicants reported an average income of $144,702. 75% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Memphis, TN-MS-AR (524), Wilmington, DE-MD-NJ (212) and Hartford-West Hartford-East Hartford, CT (194) (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 | 3,923 |
| Total Mortgage Loan Application Amount | $1,330,045,000 |
| Average Mortgage Loan Application Amount | $339,037 |
| Highest Mortgage Loan Application Amount | $5,005,000 |
| Average Applicant Income | $144,702 |
| Highest Applicant Income | $8,255,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 3,141 | $1,057,805,000 | $336,000 | $3,405,000 | $141,000 | $1,206,000 |
| Cash-out Refinancing | 484 | $161,570,000 | $333,000 | $5,005,000 | $157,000 | $8,255,000 |
| Refinancing | 274 | $103,340,000 | $377,000 | $3,175,000 | $163,000 | $885,000 |
| Home Improvement | 16 | $4,940,000 | $308,000 | $905,000 | $125,000 | $270,000 |
| Other Purpose | 8 | $2,390,000 | $298,000 | $645,000 | $267,000 | $787,000 |
| 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 | 2,236 | $779,860,000 | $348,000 | $2,325,000 | $151,000 | $2,003,000 |
| Black or African American | 528 | $156,420,000 | $296,000 | $955,000 | $102,000 | $495,000 |
| Hispanic | 471 | $153,425,000 | $325,000 | $1,865,000 | $108,000 | $1,140,000 |
| Not Provided | 364 | $114,920,000 | $315,000 | $5,005,000 | $186,000 | $8,255,000 |
| Asian | 235 | $99,795,000 | $424,000 | $2,325,000 | $184,000 | $1,206,000 |
| Not applicable | 68 | $19,600,000 | $288,000 | $3,405,000 | $0 | $0 |
| American Indian or Alaskan Native | 14 | $4,300,000 | $307,000 | $765,000 | $152,000 | $295,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,360,000 | $226,000 | $385,000 | $113,000 | $216,000 |
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) | 3,089 | $1,085,345,000 | $351,000 | $5,005,000 | $160,000 | $8,255,000 |
| FHA-insured (Federal Housing Administration) | 661 | $184,155,000 | $278,000 | $925,000 | $85,000 | $2,003,000 |
| VA-guaranteed (Veterans Administration) | 147 | $54,635,000 | $371,000 | $1,655,000 | $104,000 | $397,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $5,910,000 | $227,000 | $405,000 | $71,000 | $122,000 |
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 | 2,944 | $978,450,000 | $332,000 | $3,405,000 | $143,000 | $1,128,000 |
| Application Withdrawn By Applicant | 693 | $252,605,000 | $364,000 | $5,005,000 | $160,000 | $8,255,000 |
| Application Denied By Financial Institution | 214 | $66,390,000 | $310,000 | $1,195,000 | $113,000 | $2,003,000 |
| Preapproval Approved but not Accepted | 36 | $17,910,000 | $497,000 | $1,345,000 | $169,000 | $560,000 |
| Application Approved But Not Accepted | 35 | $14,245,000 | $407,000 | $1,785,000 | $161,000 | $1,064,000 |
| Preapproval Denied by Financial Institution | 1 | $445,000 | $445,000 | $445,000 | $120,000 | $120,000 |
| 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 | 3,708 | $1,263,210,000 | $340,000 | $5,005,000 | $146,000 | $8,255,000 |
| Debt-To-Income Ratio | 75 | $25,405,000 | $338,000 | $1,195,000 | $71,000 | $317,000 |
| Other | 47 | $13,485,000 | $286,000 | $925,000 | $148,000 | $807,000 |
| Credit History | 35 | $10,295,000 | $294,000 | $955,000 | $149,000 | $2,003,000 |
| Collateral | 29 | $8,925,000 | $307,000 | $1,125,000 | $118,000 | $529,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $4,170,000 | $231,000 | $415,000 | $94,000 | $454,000 |
| Unverifiable Information | 8 | $3,790,000 | $473,000 | $935,000 | $198,000 | $628,000 |
| Employment History | 3 | $765,000 | $255,000 | $285,000 | $43,000 | $67,000 |
| 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 2022 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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