Evolve Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, Evolve Bank & Trust of Memphis, TN reported 1,899 mortgage applications totaling $626.0 million, down 28% from 2023. The average application was for $329,670, and applicants reported an average income of $151,036. 75% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Memphis, TN-MS-AR (325), Wilmington, DE-MD-NJ (135) and Nassau County-Suffolk County, NY (94) (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 | 1,899 |
| Total Mortgage Loan Application Amount | $626,045,000 |
| Average Mortgage Loan Application Amount | $329,670 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $151,036 |
| Highest Applicant Income | $2,189,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024
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 | 1,633 | $538,525,000 | $329,000 | $2,605,000 | $150,000 | $2,189,000 |
| Refinancing | 129 | $41,515,000 | $321,000 | $1,405,000 | $175,000 | $1,406,000 |
| Cash-out Refinancing | 113 | $40,725,000 | $360,000 | $955,000 | $141,000 | $995,000 |
| Home Improvement | 12 | $2,060,000 | $171,000 | $755,000 | $163,000 | $515,000 |
| Other Purpose | 12 | $3,220,000 | $268,000 | $525,000 | $117,000 | $259,000 |
| 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 | 1,091 | $367,855,000 | $337,000 | $1,415,000 | $161,000 | $1,824,000 |
| Black or African American | 299 | $84,745,000 | $283,000 | $775,000 | $111,000 | $695,000 |
| Hispanic | 213 | $73,135,000 | $343,000 | $1,595,000 | $112,000 | $604,000 |
| Not Provided | 110 | $39,700,000 | $360,000 | $1,145,000 | $176,000 | $661,000 |
| Asian | 105 | $40,565,000 | $386,000 | $1,125,000 | $218,000 | $2,189,000 |
| Not applicable | 70 | $17,670,000 | $252,000 | $2,605,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $2,035,000 | $226,000 | $515,000 | $87,000 | $135,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $340,000 | $170,000 | $175,000 | $61,000 | $70,000 |
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) | 1,442 | $476,360,000 | $330,000 | $2,605,000 | $168,000 | $2,189,000 |
| FHA-insured (Federal Housing Administration) | 367 | $116,575,000 | $317,000 | $1,065,000 | $99,000 | $366,000 |
| VA-guaranteed (Veterans Administration) | 73 | $29,105,000 | $398,000 | $1,055,000 | $117,000 | $327,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 17 | $4,005,000 | $235,000 | $415,000 | $88,000 | $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 | 1,427 | $464,115,000 | $325,000 | $2,515,000 | $152,000 | $2,189,000 |
| Application Withdrawn By Applicant | 370 | $126,180,000 | $341,000 | $2,605,000 | $152,000 | $1,108,000 |
| Application Denied By Financial Institution | 82 | $27,720,000 | $338,000 | $765,000 | $132,000 | $776,000 |
| Application Approved But Not Accepted | 18 | $6,860,000 | $381,000 | $1,045,000 | $164,000 | $500,000 |
| Preapproval Approved but not Accepted | 2 | $1,170,000 | $585,000 | $1,105,000 | $171,000 | $230,000 |
| 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 | 1,817 | $598,325,000 | $329,000 | $2,605,000 | $152,000 | $2,189,000 |
| Other | 22 | $7,390,000 | $335,000 | $755,000 | $116,000 | $297,000 |
| Debt-To-Income Ratio | 20 | $6,980,000 | $349,000 | $585,000 | $102,000 | $472,000 |
| Collateral | 19 | $7,415,000 | $390,000 | $735,000 | $161,000 | $490,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,745,000 | $392,000 | $765,000 | $218,000 | $776,000 |
| Credit History | 6 | $1,620,000 | $270,000 | $535,000 | $153,000 | $366,000 |
| Employment History | 5 | $1,015,000 | $203,000 | $345,000 | $87,000 | $171,000 |
| Unverifiable Information | 3 | $555,000 | $185,000 | $265,000 | $102,000 | $169,000 |
| 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 2024 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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