Gateway Mortgage Group, LLC Mortgage Lending & HMDA Data, 2014
In 2014, Gateway Mortgage Group, LLC of Jenks, OK reported 15,307 mortgage applications totaling $2.6 billion, up 16% from 2013. The average application was for $168,195, and applicants reported an average income of $88,867. 43% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,465), Fort Worth-Arlington, TX (1,444) and Houston-The Woodlands-Sugar Land, TX (1,269) (applications in parentheses).
| Mortgage Company & Address | Gateway Mortgage Group, LLC 244 South Gateway Place Jenks, OK 74037 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 15,307 |
| Total Mortgage Loan Application Amount | $2,574,563,000 |
| Average Mortgage Loan Application Amount | $168,195 |
| Highest Mortgage Loan Application Amount | $2,200,000 |
| Average Applicant Income | $88,867 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gateway Mortgage Group, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Gateway Mortgage Group, LLC in 2014
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 | 10,875 | $1,819,317,000 | $167,000 | $2,200,000 | $84,000 | $9,999,000 |
| Refinancing | 4,312 | $733,468,000 | $170,000 | $1,112,000 | $101,000 | $6,000,000 |
| Home Improvement | 120 | $21,778,000 | $181,000 | $640,000 | $94,000 | $275,000 |
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 | 11,209 | $1,913,918,000 | $170,000 | $1,211,000 | $92,000 | $9,999,000 |
| Hispanic | 1,614 | $240,727,000 | $149,000 | $844,000 | $76,000 | $6,000,000 |
| Black or African American | 879 | $137,528,000 | $156,000 | $2,200,000 | $75,000 | $2,458,000 |
| Not Provided | 718 | $129,018,000 | $179,000 | $850,000 | $90,000 | $1,200,000 |
| American Indian or Alaskan Native | 473 | $77,666,000 | $164,000 | $528,000 | $75,000 | $660,000 |
| Asian | 365 | $67,140,000 | $183,000 | $1,136,000 | $107,000 | $1,200,000 |
| Native Hawaiian or Other Pacific Islander | 48 | $8,390,000 | $174,000 | $448,000 | $82,000 | $252,000 |
| Not applicable | 1 | $176,000 | $176,000 | $176,000 | $115,000 | $115,000 |
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) | 8,652 | $1,552,914,000 | $179,000 | $2,200,000 | $106,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 4,266 | $624,339,000 | $146,000 | $560,000 | $66,000 | $404,000 |
| VA-guaranteed (Veterans Administration) | 1,462 | $283,495,000 | $193,000 | $844,000 | $80,000 | $588,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 927 | $113,815,000 | $122,000 | $347,000 | $46,000 | $105,000 |
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 | 6,568 | $1,131,521,000 | $172,000 | $2,200,000 | $89,000 | $2,458,000 |
| Loan Purchased By The Institution | 4,864 | $783,053,000 | $160,000 | $844,000 | $85,000 | $1,035,000 |
| File Closed For Incompleteness | 1,476 | $255,323,000 | $172,000 | $1,211,000 | $87,000 | $1,414,000 |
| Application Withdrawn By Applicant | 1,474 | $251,363,000 | $170,000 | $1,100,000 | $112,000 | $9,999,000 |
| Application Denied By Financial Institution | 466 | $75,450,000 | $161,000 | $1,000,000 | $78,000 | $2,976,000 |
| Application Approved But Not Accepted | 459 | $77,853,000 | $169,000 | $1,136,000 | $90,000 | $806,000 |
| 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 | 150 | $25,941,000 | $172,000 | $1,000,000 | $56,000 | $369,000 |
| Credit History | 111 | $18,166,000 | $163,000 | $700,000 | $107,000 | $2,976,000 |
| Collateral | 68 | $9,899,000 | $145,000 | $417,000 | $88,000 | $350,000 |
| Other | 38 | $6,461,000 | $170,000 | $417,000 | $84,000 | $284,000 |
| Unverifiable Information | 31 | $5,336,000 | $172,000 | $386,000 | $85,000 | $201,000 |
| Credit Application Incomplete | 27 | $3,811,000 | $141,000 | $600,000 | $68,000 | $400,000 |
| Employment History | 26 | $3,845,000 | $147,000 | $397,000 | $53,000 | $252,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $1,362,000 | $113,000 | $222,000 | $78,000 | $189,000 |
| Mortgage Insurance Denied | 1 | $207,000 | $207,000 | $207,000 | $78,000 | $78,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gateway Mortgage Group, LLC's 2014 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 Gateway Mortgage Group, LLC'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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