Isb Mortgage Company, LLC Mortgage Lending & HMDA Data, 2017
In 2017, Isb Mortgage Company, LLC of Millburn, NJ reported 908 mortgage applications totaling $326.5 million, up 9% from 2016. The average application was for $359,556, and applicants reported an average income of $172,598. 6% of its applications resulted in an originated loan and 26% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (441), Newark, NJ-PA (271) and Camden, NJ (57) (applications in parentheses).
| Mortgage Company & Address | Isb Mortgage Company, LLC 249 Millburn Ave Millburn, NJ 07041 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 908 |
| Total Mortgage Loan Application Amount | $326,477,000 |
| Average Mortgage Loan Application Amount | $359,556 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $172,598 |
| Highest Applicant Income | $3,526,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Isb Mortgage Company, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Essex, New Jersey | 86 | $ 29,687,000 | $ 345,197 | $ 160,000 |
| Monmouth, New Jersey | 74 | $ 28,852,000 | $ 389,891 | $ 191,000 |
| Union, New Jersey | 74 | $ 20,831,000 | $ 281,500 | $ 121,000 |
| Middlesex, New Jersey | 70 | $ 17,084,000 | $ 244,057 | $ 102,000 |
| Morris, New Jersey | 60 | $ 25,105,000 | $ 418,416 | $ 226,000 |
| Ocean, New Jersey | 55 | $ 12,939,000 | $ 235,254 | $ 120,000 |
| Bergen, New Jersey | 47 | $ 16,493,000 | $ 350,914 | $ 144,000 |
| Hudson, New Jersey | 47 | $ 16,696,000 | $ 355,234 | $ 153,000 |
| Kings, New York | 38 | $ 28,211,000 | $ 742,394 | $ 221,000 |
| Mercer, New Jersey | 33 | $ 9,874,000 | $ 299,212 | $ 136,000 |
| Somerset, New Jersey | 29 | $ 8,990,000 | $ 310,000 | $ 132,000 |
| Passaic, New Jersey | 28 | $ 6,908,000 | $ 246,714 | $ 128,000 |
| Nassau, New York | 26 | $ 13,229,000 | $ 508,807 | $ 174,000 |
| Queens, New York | 26 | $ 12,801,000 | $ 492,346 | $ 155,000 |
| Burlington, New Jersey | 24 | $ 5,089,000 | $ 212,041 | $ 94,000 |
| New York, New York | 24 | $ 19,368,000 | $ 807,000 | $ 405,000 |
| Gloucester, New Jersey | 18 | $ 3,827,000 | $ 212,611 | $ 129,000 |
| Suffolk, New York | 18 | $ 6,782,000 | $ 376,777 | $ 227,000 |
| Westchester, New York | 16 | $ 5,971,000 | $ 373,187 | $ 209,000 |
| Atlantic, New Jersey | 15 | $ 5,986,000 | $ 399,066 | $ 426,000 |
| Camden, New Jersey | 15 | $ 2,902,000 | $ 193,466 | $ 134,000 |
| Sussex, New Jersey | 14 | $ 2,338,000 | $ 167,000 | $ 88,000 |
| Hunterdon, New Jersey | 8 | $ 2,986,000 | $ 373,250 | $ 250,000 |
| Warren, New Jersey | 8 | $ 1,512,000 | $ 189,000 | $ 86,000 |
| Bronx, New York | 7 | $ 2,691,000 | $ 384,428 | $ 203,000 |
| Richmond, New York | 7 | $ 2,774,000 | $ 396,285 | $ 211,000 |
| Bucks, Pennsylvania | 6 | $ 1,939,000 | $ 323,166 | $ 280,000 |
| Fairfield, Connecticut | 4 | $ 2,901,000 | $ 725,250 | $ 194,000 |
| Dutchess, New York | 4 | $ 709,000 | $ 177,250 | $ 278,000 |
| Cape May, New Jersey | 3 | $ 2,049,000 | $ 683,000 | $ 608,000 |
| New Haven, Connecticut | 2 | $ 935,000 | $ 467,500 | $ 380,000 |
| Miami-Dade, Florida | 2 | $ 879,000 | $ 439,500 | $ 110,000 |
| Montgomery, Pennsylvania | 2 | $ 849,000 | $ 424,500 | $ 190,000 |
| Northampton, Pennsylvania | 2 | $ 442,000 | $ 221,000 | $ 64,000 |
| Philadelphia, Pennsylvania | 2 | $ 287,000 | $ 143,500 | $ 43,000 |
| Hartford, Connecticut | 1 | $ 140,000 | $ 140,000 | $ 41,000 |
| Litchfield, Connecticut | 1 | $ 1,890,000 | $ 1,890,000 | $ 3,526,000 |
| Palm Beach, Florida | 1 | $ 240,000 | $ 240,000 | $ 178,000 |
| Cumberland, New Jersey | 1 | $ 151,000 | $ 151,000 | $ 47,000 |
| Albany, New York | 1 | $ 112,000 | $ 112,000 | $ 159,000 |
| Delaware, New York | 1 | $ 110,000 | $ 110,000 | $ 72,000 |
| Greene, New York | 1 | $ 213,000 | $ 213,000 | $ 166,000 |
| Orange, New York | 1 | $ 71,000 | $ 71,000 | $ 249,000 |
| Rockland, New York | 1 | $ 800,000 | $ 800,000 | $ 619,000 |
| Ulster, New York | 1 | $ 255,000 | $ 255,000 | $ 218,000 |
| Warren, New York | 1 | $ 205,000 | $ 205,000 | $ 124,000 |
| Chester, Pennsylvania | 1 | $ 510,000 | $ 510,000 | $ 61,000 |
| Delaware, Pennsylvania | 1 | $ 684,000 | $ 684,000 | $ 600,000 |
| Lehigh, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Isb Mortgage Company, 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 | 575 | $182,566,000 | $317,000 | $2,000,000 | $140,000 | $1,704,000 |
| Refinancing | 332 | $143,296,000 | $431,000 | $2,500,000 | $229,000 | $3,526,000 |
| Home Improvement | 1 | $615,000 | $615,000 | $615,000 | $191,000 | $191,000 |
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 | 425 | $171,359,000 | $403,000 | $2,500,000 | $200,000 | $3,526,000 |
| Not Provided | 241 | $88,307,000 | $366,000 | $2,460,000 | $180,000 | $3,170,000 |
| Hispanic | 92 | $21,026,000 | $228,000 | $1,500,000 | $94,000 | $425,000 |
| Asian | 85 | $31,733,000 | $373,000 | $1,350,000 | $158,000 | $1,260,000 |
| Black or African American | 64 | $13,879,000 | $216,000 | $1,500,000 | $101,000 | $302,000 |
| American Indian or Alaskan Native | 1 | $173,000 | $173,000 | $173,000 | $48,000 | $48,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 785 | $297,027,000 | $378,000 | $2,500,000 | $187,000 | $3,526,000 |
| FHA-insured (Federal Housing Administration) | 122 | $29,261,000 | $239,000 | $562,000 | $86,000 | $223,000 |
| VA-guaranteed (Veterans Administration) | 1 | $189,000 | $189,000 | $189,000 | $53,000 | $53,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 393 | $147,182,000 | $374,000 | $2,460,000 | $182,000 | $1,900,000 |
| Application Denied By Financial Institution | 239 | $76,841,000 | $321,000 | $2,500,000 | $140,000 | $3,170,000 |
| File Closed For Incompleteness | 198 | $80,821,000 | $408,000 | $2,000,000 | $226,000 | $3,526,000 |
| Loan Originated | 56 | $14,846,000 | $265,000 | $485,000 | $89,000 | $223,000 |
| Preapproval Denied by Financial Institution | 13 | $3,701,000 | $284,000 | $520,000 | $94,000 | $197,000 |
| Preapproval Approved but not Accepted | 5 | $1,805,000 | $361,000 | $560,000 | $156,000 | $255,000 |
| Application Approved But Not Accepted | 4 | $1,281,000 | $320,000 | $406,000 | $97,000 | $167,000 |
| Loan Purchased By The 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 | 94 | $30,541,000 | $324,000 | $2,275,000 | $183,000 | $3,170,000 |
| Debt-To-Income Ratio | 71 | $27,406,000 | $386,000 | $2,063,000 | $115,000 | $728,000 |
| Other | 31 | $5,224,000 | $168,000 | $2,500,000 | $71,000 | $164,000 |
| Credit History | 29 | $8,044,000 | $277,000 | $796,000 | $103,000 | $331,000 |
| Unverifiable Information | 16 | $5,058,000 | $316,000 | $1,050,000 | $157,000 | $743,000 |
| Employment History | 6 | $1,089,000 | $181,000 | $424,000 | $66,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $3,180,000 | $636,000 | $1,224,000 | $232,000 | $443,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Isb Mortgage Company, 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 Isb Mortgage Company, 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About