Fortis Private Bank Mortgage Lending & HMDA Data, 2015

In 2015, Fortis Private Bank of Denver, CO reported 665 mortgage applications totaling $171.4 million, up 46% from 2014. The average application was for $257,679, and applicants reported an average income of $103,980. 3% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (564), Greeley, CO (19) and Colorado Springs, CO (10) (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 665
Total Mortgage Loan Application Amount $171,357,000
Average Mortgage Loan Application Amount $257,679
Highest Mortgage Loan Application Amount $2,352,000
Average Applicant Income $103,980
Highest Applicant Income $2,221,000

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Act (HMDA) records Fortis Private Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2015

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Denver-Aurora-Lakewood, CO 564 $ 150,217,000 $ 266,342 $ 109,000
Greeley, CO 19 $ 4,787,000 $ 251,947 $ 71,000
Colorado Springs, CO 10 $ 2,569,000 $ 256,900 $ 62,000
Boulder, CO 4 $ 1,222,000 $ 305,500 $ 178,000
Fort Collins, CO 4 $ 709,000 $ 177,250 $ 114,000
Pueblo, CO 2 $ 310,000 $ 155,000 $ 66,000
Grand Junction, CO 1 $ 188,000 $ 188,000 $ 62,000
North Port-Sarasota-Bradenton, FL 1 $ 210,000 $ 210,000 $ 295,000

Mortgage Loan Application Detail Totals for Fortis Private Bank in 2015

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 358 $88,993,000 $248,000 $2,258,000 $106,000 $2,221,000
Home Purchase 306 $81,947,000 $267,000 $2,352,000 $101,000 $1,463,000
Home Improvement 1 $417,000 $417,000 $417,000 $293,000 $293,000

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 580 $150,550,000 $259,000 $2,352,000 $106,000 $2,221,000
Hispanic 51 $11,230,000 $220,000 $580,000 $83,000 $720,000
Black or African American 14 $2,400,000 $171,000 $260,000 $55,000 $125,000
Asian 8 $2,240,000 $280,000 $399,000 $103,000 $238,000
Not Provided 5 $2,527,000 $505,000 $850,000 $363,000 $702,000
Not applicable 4 $1,668,000 $417,000 $850,000 $0 $0
American Indian or Alaskan Native 2 $427,000 $213,000 $257,000 $65,000 $91,000
Native Hawaiian or Other Pacific Islander 1 $315,000 $315,000 $315,000 $88,000 $88,000

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) 422 $113,901,000 $269,000 $2,352,000 $130,000 $2,221,000
FHA-insured (Federal Housing Administration) 157 $36,797,000 $234,000 $432,000 $58,000 $237,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 43 $8,058,000 $187,000 $403,000 $53,000 $96,000
VA-guaranteed (Veterans Administration) 43 $12,601,000 $293,000 $724,000 $75,000 $446,000

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 Purchased By The Institution 634 $153,478,000 $242,000 $800,000 $88,000 $2,221,000
Loan Originated 22 $15,004,000 $682,000 $2,352,000 $408,000 $1,463,000
Application Withdrawn By Applicant 8 $2,512,000 $314,000 $1,520,000 $454,000 $600,000
Application Denied By Financial Institution 1 $363,000 $363,000 $363,000 $720,000 $720,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Debt-To-Income Ratio 1 $363,000 $363,000 $363,000 $720,000 $720,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Fortis Private Bank's 2015 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.
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