Evolve Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Evolve Bank & Trust of Cordova, TN reported 1,159 mortgage applications totaling $207.0 million, up 1604% from 2008. The average application was for $178,584, and applicants reported an average income of $82,083. 74% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Memphis, TN-MS-AR (521), Jackson, MS (146) and Cincinnati-Middletown, OH-KY-IN (82) (applications in parentheses).
| Mortgage Company & Address | Evolve Bank & Trust 8000 Centerview Pkwy; Suite 500 Cordova, TN 38018 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 |
| Total Number of Mortgage Applications | 1,159 |
| Total Mortgage Loan Application Amount | $206,980,000 |
| Average Mortgage Loan Application Amount | $178,584 |
| Highest Mortgage Loan Application Amount | $730,000 |
| Average Applicant Income | $82,083 |
| Highest Applicant Income | $3,000,000 |
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Act (HMDA) records Evolve Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 687 | $136,320,000 | $198,000 | $730,000 | $92,000 | $3,000,000 |
| Home Purchase | 461 | $70,254,000 | $152,000 | $724,000 | $68,000 | $544,000 |
| Home Improvement | 11 | $406,000 | $36,000 | $155,000 | $53,000 | $150,000 |
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 | 808 | $151,750,000 | $187,000 | $730,000 | $91,000 | $3,000,000 |
| Black or African American | 224 | $30,955,000 | $138,000 | $417,000 | $48,000 | $313,000 |
| Not Provided | 67 | $12,173,000 | $181,000 | $394,000 | $84,000 | $261,000 |
| Asian | 35 | $8,038,000 | $229,000 | $675,000 | $91,000 | $199,000 |
| Hispanic | 24 | $3,866,000 | $161,000 | $558,000 | $58,000 | $233,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $198,000 | $198,000 | $198,000 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 638 | $123,299,000 | $193,000 | $730,000 | $106,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 430 | $69,112,000 | $160,000 | $724,000 | $52,000 | $1,100,000 |
| VA-guaranteed (Veterans Administration) | 47 | $8,729,000 | $185,000 | $397,000 | $56,000 | $190,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 44 | $5,840,000 | $132,000 | $306,000 | $46,000 | $78,000 |
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 | 854 | $154,522,000 | $180,000 | $730,000 | $85,000 | $3,000,000 |
| Application Denied By Financial Institution | 195 | $32,082,000 | $164,000 | $675,000 | $69,000 | $261,000 |
| Application Withdrawn By Applicant | 92 | $17,394,000 | $189,000 | $414,000 | $78,000 | $250,000 |
| Application Approved But Not Accepted | 18 | $2,982,000 | $165,000 | $360,000 | $93,000 | $549,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 59 | $11,069,000 | $187,000 | $558,000 | $85,000 | $240,000 |
| Other | 46 | $7,614,000 | $165,000 | $675,000 | $85,000 | $199,000 |
| Credit History | 44 | $5,538,000 | $125,000 | $332,000 | $45,000 | $121,000 |
| Credit Application Incomplete | 20 | $2,847,000 | $142,000 | $322,000 | $67,000 | $261,000 |
| Debt-To-Income Ratio | 13 | $2,299,000 | $176,000 | $570,000 | $39,000 | $83,000 |
| Unverifiable Information | 7 | $1,493,000 | $213,000 | $408,000 | $48,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $867,000 | $216,000 | $417,000 | $60,000 | $94,000 |
| Employment History | 2 | $355,000 | $177,000 | $232,000 | $44,000 | $53,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Evolve Bank & Trust's 2009 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.
For a list of all lenders in Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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