Fortis Private Bank Mortgage Lending & HMDA Data, 2011

In 2011, Fortis Private Bank of Denver, CO reported 419 mortgage applications totaling $102.6 million, up 1345% from 2010. The average application was for $244,840, and applicants reported an average income of $5,513. 7% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (274), Fort Collins-Loveland, CO (49) and Colorado Springs, CO (41) (applications in parentheses).

Mortgage Company & Address Fortis Private Bank
1550 17th Street Suite 100
Denver, CO 80202
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 419
Total Mortgage Loan Application Amount $102,588,000
Average Mortgage Loan Application Amount $244,840
Highest Mortgage Loan Application Amount $2,320,000
Average Applicant Income $5,513
Highest Applicant Income $1,466,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fortis Private Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Fortis Private Bank by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Denver, Colorado 94 $ 26,395,000 $ 280,797 $ 4,000
Douglas, Colorado 51 $ 15,581,000 $ 305,509 $ 5,000
Larimer, Colorado 49 $ 10,720,000 $ 218,775 $ 0
Arapahoe, Colorado 47 $ 10,241,000 $ 217,893 $ 0
Jefferson, Colorado 46 $ 11,468,000 $ 249,304 $ 34,000
El Paso, Colorado 39 $ 8,091,000 $ 207,461 $ 0
Adams, Colorado 30 $ 6,493,000 $ 216,433 $ 3,000
Weld, Colorado 25 $ 5,370,000 $ 214,800 $ 0
Pueblo, Colorado 7 $ 983,000 $ 140,428 $ 0
Fremont, Colorado 6 $ 1,317,000 $ 219,500 $ 0
Elbert, Colorado 3 $ 839,000 $ 279,666 $ 0
Pitkin, Colorado 3 $ 1,546,000 $ 515,333 $ 0
Broomfield, Colorado 2 $ 603,000 $ 301,500 $ 0
Grand, Colorado 2 $ 454,000 $ 227,000 $ 0
Teller, Colorado 2 $ 539,000 $ 269,500 $ 0
Boulder, Colorado 1 $ 163,000 $ 163,000 $ 0
Chaffee, Colorado 1 $ 245,000 $ 245,000 $ 0
Clear Creek, Colorado 1 $ 208,000 $ 208,000 $ 0
Custer, Colorado 1 $ 174,000 $ 174,000 $ 0
Eagle, Colorado 1 $ 90,000 $ 90,000 $ 0
Routt, Colorado 1 $ 229,000 $ 229,000 $ 0
Summit, Colorado 1 $ 238,000 $ 238,000 $ 0
Carroll, Georgia 1 $ 106,000 $ 106,000 $ 0
Houston, Georgia 1 $ 131,000 $ 131,000 $ 0
Madison, Tennessee 1 $ 56,000 $ 56,000 $ 0
Cass, Texas 1 $ 124,000 $ 124,000 $ 0
Nolan, Texas 1 $ 84,000 $ 84,000 $ 0
Orange, Texas 1 $ 100,000 $ 100,000 $ 0

Mortgage Loan Application Detail Totals for Fortis Private Bank in 2011

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 231 $57,946,000 $250,000 $2,320,000 $10,000 $1,466,000
Refinancing 187 $44,392,000 $237,000 $1,426,000 $0 $0
Home Improvement 1 $250,000 $250,000 $250,000 $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
Not applicable 411 $97,710,000 $237,000 $2,320,000 $0 $0
White 6 $4,392,000 $732,000 $1,764,000 $365,000 $1,466,000
American Indian or Alaskan Native 1 $409,000 $409,000 $409,000 $140,000 $140,000
Hispanic 1 $77,000 $77,000 $77,000 $93,000 $93,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Not Provided 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) 226 $62,935,000 $278,000 $2,320,000 $10,000 $1,466,000
FHA-insured (Federal Housing Administration) 132 $27,172,000 $205,000 $390,000 $0 $0
VA-guaranteed (Veterans Administration) 48 $10,400,000 $216,000 $402,000 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 13 $2,081,000 $160,000 $245,000 $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 Purchased By The Institution 381 $84,210,000 $221,000 $532,000 $0 $0
Loan Originated 30 $13,742,000 $458,000 $2,320,000 $69,000 $1,466,000
Application Denied By Financial Institution 6 $2,835,000 $472,000 $875,000 $23,000 $140,000
Application Withdrawn By Applicant 2 $1,801,000 $900,000 $1,426,000 $101,000 $203,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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 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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Fortis Private Bank's 2011 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 Fortis Private Bank'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 Colorado, download the full spreadsheet with aggregated HMDA statistics today.

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