First Security Mortgage Corporation Mortgage Lending & HMDA Data, 2019
In 2019, First Security Mortgage Corporation of Brook Park, OH reported 99 mortgage applications totaling $14.8 million, up 32% from 2018. The average application was for $149,848, and applicants reported an average income of $56,292. 28% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Cleveland-Elyria, OH (31) and Akron, OH (7).
| Mortgage Company & Address | First Security Mortgage Corporation 15887 Snow Road, Suite 200 Brook Park, OH 44142 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 |
| Total Number of Mortgage Applications | 99 |
| Total Mortgage Loan Application Amount | $14,835,000 |
| Average Mortgage Loan Application Amount | $149,848 |
| Highest Mortgage Loan Application Amount | $355,000 |
| Average Applicant Income | $56,292 |
| Highest Applicant Income | $183,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Security Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 First Security Mortgage Corporation in 2019
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 | 95 | $13,985,000 | $147,000 | $355,000 | $55,000 | $183,000 |
| Cash-out Refinancing | 4 | $850,000 | $212,000 | $275,000 | $87,000 | $153,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 | 78 | $12,170,000 | $156,000 | $315,000 | $55,000 | $120,000 |
| Hispanic | 8 | $840,000 | $105,000 | $185,000 | $49,000 | $80,000 |
| Asian | 5 | $845,000 | $169,000 | $275,000 | $72,000 | $153,000 |
| Black or African American | 4 | $610,000 | $152,000 | $355,000 | $79,000 | $183,000 |
| Not Provided | 3 | $275,000 | $91,000 | $185,000 | $78,000 | $101,000 |
| American Indian or Alaskan Native | 1 | $95,000 | $95,000 | $95,000 | $29,000 | $29,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 55 | $7,905,000 | $143,000 | $285,000 | $47,000 | $153,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 23 | $3,375,000 | $146,000 | $355,000 | $63,000 | $183,000 |
| VA-guaranteed (Veterans Administration) | 17 | $2,965,000 | $174,000 | $315,000 | $76,000 | $111,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $590,000 | $147,000 | $165,000 | $58,000 | $70,000 |
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 |
|---|---|---|---|---|---|---|
| Preapproval Approved but not Accepted | 45 | $6,535,000 | $145,000 | $355,000 | $55,000 | $183,000 |
| Loan Originated | 28 | $4,830,000 | $172,000 | $315,000 | $58,000 | $153,000 |
| Application Withdrawn By Applicant | 14 | $1,760,000 | $125,000 | $305,000 | $56,000 | $106,000 |
| Preapproval Denied by Financial Institution | 9 | $1,195,000 | $132,000 | $215,000 | $55,000 | $101,000 |
| File Closed For Incompleteness | 1 | $285,000 | $285,000 | $285,000 | $85,000 | $85,000 |
| Application Approved But Not Accepted | 1 | $175,000 | $175,000 | $175,000 | $73,000 | $73,000 |
| Application Denied By Financial Institution | 1 | $55,000 | $55,000 | $55,000 | $47,000 | $47,000 |
| Loan Purchased By The 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 | 89 | $13,585,000 | $152,000 | $355,000 | $57,000 | $183,000 |
| Credit History | 6 | $800,000 | $133,000 | $215,000 | $50,000 | $65,000 |
| Other | 2 | $110,000 | $55,000 | $105,000 | $72,000 | $101,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $64,000 | $64,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Security Mortgage Corporation's 2019 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 First Security Mortgage Corporation'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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