Homeservices Lending LLC Mortgage Lending & HMDA Data, 2017

In 2017, Homeservices Lending LLC of Urbandale, IA reported 14,216 mortgage applications totaling $3.3 billion. The average application was for $232,612, and applicants reported an average income of $100,396. 78% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (2,586), Atlanta-Sandy Springs-Roswell, GA (1,374) and Des Moines-West Des Moines, IA (1,249) (applications in parentheses).

Mortgage Company & Address Homeservices Lending LLC
2900 100th Street Suite 109
Urbandale, IA 50322
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 14,216
Total Mortgage Loan Application Amount $3,306,825,000
Average Mortgage Loan Application Amount $232,612
Highest Mortgage Loan Application Amount $6,507,000
Average Applicant Income $100,396
Highest Applicant Income $4,380,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Homeservices Lending LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Homeservices Lending LLC in 2017

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 12,903 $2,935,935,000 $227,000 $6,507,000 $98,000 $4,380,000
Home Improvement 666 $177,435,000 $266,000 $2,318,000 $120,000 $2,052,000
Refinancing 647 $193,455,000 $299,000 $2,392,000 $128,000 $1,592,000

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 10,924 $2,478,991,000 $226,000 $6,507,000 $99,000 $4,380,000
Not Provided 1,294 $347,998,000 $268,000 $1,750,000 $119,000 $1,536,000
Hispanic 817 $189,472,000 $231,000 $1,384,000 $92,000 $1,469,000
Black or African American 552 $105,488,000 $191,000 $925,000 $79,000 $628,000
Asian 545 $164,095,000 $301,000 $2,076,000 $121,000 $916,000
American Indian or Alaskan Native 50 $10,862,000 $217,000 $701,000 $88,000 $404,000
Native Hawaiian or Other Pacific Islander 34 $9,919,000 $291,000 $636,000 $100,000 $246,000
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) 10,555 $2,557,329,000 $242,000 $6,507,000 $110,000 $4,380,000
FHA-insured (Federal Housing Administration) 2,224 $419,088,000 $188,000 $638,000 $70,000 $496,000
VA-guaranteed (Veterans Administration) 1,067 $273,048,000 $255,000 $925,000 $85,000 $342,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 370 $57,360,000 $155,000 $475,000 $53,000 $188,000

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 11,018 $2,502,207,000 $227,000 $1,830,000 $98,000 $1,469,000
Application Withdrawn By Applicant 1,532 $424,247,000 $276,000 $6,507,000 $124,000 $4,380,000
Application Denied By Financial Institution 1,000 $226,691,000 $226,000 $2,392,000 $89,000 $2,052,000
Application Approved But Not Accepted 557 $125,860,000 $225,000 $924,000 $99,000 $864,000
File Closed For Incompleteness 109 $27,820,000 $255,000 $1,750,000 $104,000 $1,181,000
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

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 376 $83,387,000 $221,000 $1,500,000 $60,000 $264,000
Collateral 258 $62,872,000 $243,000 $2,392,000 $116,000 $1,592,000
Credit History 181 $40,892,000 $225,000 $2,318,000 $107,000 $2,052,000
Insufficient Cash (Downpayment, Closing Cost) 56 $14,146,000 $252,000 $930,000 $99,000 $316,000
Unverifiable Information 56 $12,572,000 $224,000 $750,000 $91,000 $461,000
Employment History 35 $6,412,000 $183,000 $842,000 $64,000 $224,000
Other 29 $4,105,000 $141,000 $424,000 $79,000 $189,000
Credit Application Incomplete 9 $2,305,000 $256,000 $504,000 $232,000 $1,282,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Homeservices Lending LLC's 2017 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 Homeservices Lending 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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