Fortune Financial, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Fortune Financial, Inc. of Englewood, CO reported 832 mortgage applications totaling $296.8 million. The average application was for $356,706, and applicants reported an average income of $138,274. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (640), Colorado Springs, CO (52) and Boulder, CO (51) (applications in parentheses).
| Mortgage Company & Address | Fortune Financial, Inc. 9800 Mt Pyramid Ct Suite 360 Englewood, CO 80112 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 832 |
| Total Mortgage Loan Application Amount | $296,780,000 |
| Average Mortgage Loan Application Amount | $356,706 |
| Highest Mortgage Loan Application Amount | $635,000 |
| Average Applicant Income | $138,274 |
| Highest Applicant Income | $401,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fortune Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Douglas, Colorado | 268 | $ 105,770,000 | $ 394,664 | $ 147,000 |
| Arapahoe, Colorado | 199 | $ 66,475,000 | $ 334,045 | $ 137,000 |
| Adams, Colorado | 58 | $ 20,680,000 | $ 356,551 | $ 114,000 |
| El Paso, Colorado | 52 | $ 16,970,000 | $ 326,346 | $ 136,000 |
| Boulder, Colorado | 51 | $ 17,135,000 | $ 335,980 | $ 141,000 |
| Larimer, Colorado | 45 | $ 16,175,000 | $ 359,444 | $ 133,000 |
| Jefferson, Colorado | 41 | $ 14,355,000 | $ 350,121 | $ 122,000 |
| Denver, Colorado | 40 | $ 13,210,000 | $ 330,250 | $ 143,000 |
| Weld, Colorado | 35 | $ 10,165,000 | $ 290,428 | $ 109,000 |
| Broomfield, Colorado | 32 | $ 12,530,000 | $ 391,562 | $ 152,000 |
| Elbert, Colorado | 2 | $ 670,000 | $ 335,000 | $ 142,000 |
| Garfield, Colorado | 2 | $ 500,000 | $ 250,000 | $ 221,000 |
| Grand, Colorado | 2 | $ 620,000 | $ 310,000 | $ 149,000 |
| Summit, Colorado | 2 | $ 490,000 | $ 245,000 | $ 230,000 |
| Eagle, Colorado | 1 | $ 545,000 | $ 545,000 | $ 250,000 |
| Montrose, Colorado | 1 | $ 275,000 | $ 275,000 | $ 87,000 |
| Pueblo, Colorado | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Fortune Financial, Inc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 592 | $203,970,000 | $344,000 | $595,000 | $138,000 | $401,000 |
| Cash-out Refinancing | 126 | $45,600,000 | $361,000 | $545,000 | $138,000 | $360,000 |
| Home Purchase | 114 | $47,210,000 | $414,000 | $635,000 | $140,000 | $383,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Asian | 466 | $169,670,000 | $364,000 | $595,000 | $146,000 | $401,000 |
| White | 159 | $51,835,000 | $326,000 | $595,000 | $121,000 | $372,000 |
| Not Provided | 138 | $49,290,000 | $357,000 | $635,000 | $137,000 | $336,000 |
| Black or African American | 4 | $1,210,000 | $302,000 | $545,000 | $84,000 | $102,000 |
| American Indian or Alaskan Native | 1 | $125,000 | $125,000 | $125,000 | $33,000 | $33,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 831 | $296,595,000 | $356,000 | $635,000 | $138,000 | $401,000 |
| FHA-insured (Federal Housing Administration) | 1 | $185,000 | $185,000 | $185,000 | $189,000 | $189,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 832 | $296,780,000 | $356,000 | $635,000 | $138,000 | $401,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 832 | $296,780,000 | $356,000 | $635,000 | $138,000 | $401,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fortune Financial, Inc.'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 Fortune Financial, Inc.'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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