Great Midwest Bank SSB Mortgage Lending & HMDA Data, 2016

In 2016, Great Midwest Bank SSB of Brookfield, WI reported 1,187 mortgage applications totaling $323.3 million, up 18% from 2015. The average application was for $272,361, and applicants reported an average income of $109,650. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (800), Madison, WI (156) and Appleton, WI (35) (applications in parentheses).

Mortgage Company & Address Great Midwest Bank SSB
15900 W Bluemound Rd
Brookfield, WI 53005
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,187
Total Mortgage Loan Application Amount $323,293,000
Average Mortgage Loan Application Amount $272,361
Highest Mortgage Loan Application Amount $4,200,000
Average Applicant Income $109,650
Highest Applicant Income $943,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Midwest Bank SSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Great Midwest Bank SSB by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Waukesha, Wisconsin 356 $ 99,747,000 $ 280,188 $ 133,000
Milwaukee, Wisconsin 342 $ 56,156,000 $ 164,198 $ 100,000
Dane, Wisconsin 144 $ 38,601,000 $ 268,062 $ 120,000
Eagle, Colorado 55 $ 54,350,000 $ 988,181 $ 0
Washington, Wisconsin 54 $ 14,764,000 $ 273,407 $ 122,000
Ozaukee, Wisconsin 48 $ 13,873,000 $ 289,020 $ 144,000
Calumet, Wisconsin 31 $ 3,717,000 $ 119,903 $ 74,000
Racine, Wisconsin 20 $ 3,116,000 $ 155,800 $ 102,000
Jefferson, Wisconsin 13 $ 2,555,000 $ 196,538 $ 102,000
Columbia, Wisconsin 10 $ 2,428,000 $ 242,800 $ 129,000
Kenosha, Wisconsin 10 $ 2,465,000 $ 246,500 $ 102,000
Dodge, Wisconsin 8 $ 3,755,000 $ 469,375 $ 123,000
Sauk, Wisconsin 8 $ 1,702,000 $ 212,750 $ 111,000
Walworth, Wisconsin 8 $ 2,259,000 $ 282,375 $ 189,000
Summit, Colorado 5 $ 2,449,000 $ 489,800 $ 0
Manitowoc, Wisconsin 5 $ 1,041,000 $ 208,200 $ 122,000
Sheboygan, Wisconsin 5 $ 1,297,000 $ 259,400 $ 164,000
Arapahoe, Colorado 4 $ 3,075,000 $ 768,750 $ 0
Fond du Lac, Wisconsin 4 $ 605,000 $ 151,250 $ 66,000
Outagamie, Wisconsin 4 $ 452,000 $ 113,000 $ 59,000
Winnebago, Wisconsin 4 $ 557,000 $ 139,250 $ 99,000
Pitkin, Colorado 3 $ 4,235,000 $ 1,411,666 $ 0
San Miguel, Colorado 3 $ 2,935,000 $ 978,333 $ 0
Oneida, Wisconsin 3 $ 791,000 $ 263,666 $ 321,000
Vilas, Wisconsin 2 $ 756,000 $ 378,000 $ 248,000
Adams, Wisconsin 1 $ 152,000 $ 152,000 $ 114,000
Brown, Wisconsin 1 $ 134,000 $ 134,000 $ 60,000
Burnett, Wisconsin 1 $ 221,000 $ 221,000 $ 186,000
Door, Wisconsin 1 $ 185,000 $ 185,000 $ 68,000
Green, Wisconsin 1 $ 78,000 $ 78,000 $ 126,000
Iowa, Wisconsin 1 $ 9,000 $ 9,000 $ 87,000
Langlade, Wisconsin 1 $ 100,000 $ 100,000 $ 0
Marathon, Wisconsin 1 $ 108,000 $ 108,000 $ 90,000
Marinette, Wisconsin 1 $ 210,000 $ 210,000 $ 80,000
Marquette, Wisconsin 1 $ 128,000 $ 128,000 $ 120,000
Oconto, Wisconsin 1 $ 121,000 $ 121,000 $ 85,000
Richland, Wisconsin 1 $ 209,000 $ 209,000 $ 65,000
Shawano, Wisconsin 1 $ 280,000 $ 280,000 $ 60,000
Waupaca, Wisconsin 1 $ 132,000 $ 132,000 $ 64,000

Mortgage Loan Application Detail Totals for Great Midwest Bank SSB in 2016

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 664 $204,959,000 $308,000 $4,200,000 $105,000 $588,000
Refinancing 415 $93,882,000 $226,000 $3,100,000 $117,000 $943,000
Home Improvement 108 $24,452,000 $226,000 $2,200,000 $110,000 $406,000

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 911 $209,040,000 $229,000 $1,400,000 $120,000 $943,000
Not Provided 107 $27,687,000 $258,000 $900,000 $137,000 $388,000
Not applicable 103 $76,420,000 $741,000 $4,200,000 $0 $0
Asian 26 $5,726,000 $220,000 $540,000 $117,000 $440,000
Black or African American 19 $1,243,000 $65,000 $179,000 $48,000 $81,000
Hispanic 19 $2,473,000 $130,000 $385,000 $85,000 $207,000
Native Hawaiin or Other Pacific Islander 1 $289,000 $289,000 $289,000 $120,000 $120,000
American Indian or Alaskan Native 1 $415,000 $415,000 $415,000 $168,000 $168,000

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) 1,185 $322,991,000 $272,000 $4,200,000 $110,000 $943,000
FHA-insured (Federal Housing Administration) 1 $93,000 $93,000 $93,000 $32,000 $32,000
VA-guaranteed (Veterans Administration) 1 $209,000 $209,000 $209,000 $40,000 $40,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 940 $216,245,000 $230,000 $1,750,000 $117,000 $943,000
Loan Purchased By The Institution 70 $67,044,000 $957,000 $4,200,000 $0 $0
Application Denied By Financial Institution 62 $11,957,000 $192,000 $697,000 $99,000 $280,000
Application Withdrawn By Applicant 58 $15,348,000 $264,000 $900,000 $136,000 $440,000
Preapproval Denied by Financial Institution 24 $3,545,000 $147,000 $550,000 $62,000 $143,000
Application Approved But Not Accepted 19 $5,879,000 $309,000 $1,400,000 $135,000 $588,000
File Closed For Incompleteness 14 $3,275,000 $233,000 $417,000 $135,000 $316,000
Preapproval Approved but not Accepted 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 Great Midwest Bank SSB's 2016 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 Great Midwest Bank SSB'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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