Investors Mortgage Company LLC Mortgage Lending & HMDA Data, 2019
In 2019, Investors Mortgage Company LLC of Short Hills, NJ reported 135 mortgage applications totaling $43.8 million, down 85% from 2018. The average application was for $324,703, and applicants reported an average income of $138,444. 2% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Newark, NJ-PA (42), New York-Jersey City-White Plains, NY-NJ (34) and New York-Newark, NY (34) (applications in parentheses).
| Mortgage Company & Address | Investors Mortgage Company LLC 101 Jfk Parkway Short Hills, NJ 07078 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 135 |
| Total Mortgage Loan Application Amount | $43,835,000 |
| Average Mortgage Loan Application Amount | $324,703 |
| Highest Mortgage Loan Application Amount | $1,635,000 |
| Average Applicant Income | $138,444 |
| Highest Applicant Income | $913,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Investors Mortgage Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 21 | $ 4,635,000 | $ 220,714 | $ 107,000 |
| Union, New Jersey | 16 | $ 4,690,000 | $ 293,125 | $ 182,000 |
| Kings, New York | 12 | $ 5,640,000 | $ 470,000 | $ 152,000 |
| Middlesex, New Jersey | 11 | $ 2,885,000 | $ 262,272 | $ 123,000 |
| Monmouth, New Jersey | 11 | $ 2,515,000 | $ 228,636 | $ 155,000 |
| Ocean, New Jersey | 9 | $ 1,355,000 | $ 150,555 | $ 80,000 |
| Mercer, New Jersey | 7 | $ 3,865,000 | $ 552,142 | $ 163,000 |
| Bergen, New Jersey | 6 | $ 3,710,000 | $ 618,333 | $ 192,000 |
| Nassau, New York | 6 | $ 1,590,000 | $ 265,000 | $ 171,000 |
| Queens, New York | 5 | $ 3,985,000 | $ 797,000 | $ 191,000 |
| Hudson, New Jersey | 4 | $ 1,830,000 | $ 457,500 | $ 173,000 |
| Morris, New Jersey | 3 | $ 595,000 | $ 198,333 | $ 95,000 |
| Somerset, New Jersey | 3 | $ 485,000 | $ 161,666 | $ 89,000 |
| Suffolk, New York | 3 | $ 585,000 | $ 195,000 | $ 40,000 |
| Philadelphia, Pennsylvania | 3 | $ 1,195,000 | $ 398,333 | $ 188,000 |
| Passaic, New Jersey | 2 | $ 290,000 | $ 145,000 | $ 65,000 |
| Bronx, New York | 2 | $ 440,000 | $ 220,000 | $ 67,000 |
| Richmond, New York | 2 | $ 910,000 | $ 455,000 | $ 153,000 |
| Montgomery, Pennsylvania | 2 | $ 660,000 | $ 330,000 | $ 136,000 |
| Atlantic, New Jersey | 1 | $ 165,000 | $ 165,000 | $ 106,000 |
| Burlington, New Jersey | 1 | $ 295,000 | $ 295,000 | $ 182,000 |
| Hunterdon, New Jersey | 1 | $ 275,000 | $ 275,000 | $ 140,000 |
| Sussex, New Jersey | 1 | $ 295,000 | $ 295,000 | $ 115,000 |
| Warren, New Jersey | 1 | $ 145,000 | $ 145,000 | $ 73,000 |
| New York, New York | 1 | $ 535,000 | $ 535,000 | $ 204,000 |
| Bucks, Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 142,000 |
Mortgage Loan Application Detail Totals for Investors Mortgage Company LLC in 2019
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 | 96 | $30,850,000 | $321,000 | $1,635,000 | $138,000 | $463,000 |
| Refinancing | 21 | $6,365,000 | $303,000 | $1,225,000 | $164,000 | $913,000 |
| Cash-out Refinancing | 18 | $6,620,000 | $367,000 | $855,000 | $111,000 | $275,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 62 | $22,210,000 | $358,000 | $1,635,000 | $152,000 | $913,000 |
| Not Provided | 41 | $12,935,000 | $315,000 | $895,000 | $138,000 | $436,000 |
| Asian | 11 | $4,145,000 | $376,000 | $675,000 | $160,000 | $300,000 |
| Black or African American | 10 | $2,640,000 | $264,000 | $565,000 | $114,000 | $187,000 |
| Hispanic | 10 | $1,660,000 | $166,000 | $405,000 | $71,000 | $171,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $245,000 | $245,000 | $245,000 | $40,000 | $40,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 126 | $41,280,000 | $327,000 | $1,635,000 | $142,000 | $913,000 |
| FHA-insured (Federal Housing Administration) | 8 | $2,160,000 | $270,000 | $705,000 | $97,000 | $119,000 |
| VA-guaranteed (Veterans Administration) | 1 | $395,000 | $395,000 | $395,000 | $124,000 | $124,000 |
| 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 | 88 | $29,280,000 | $332,000 | $1,635,000 | $155,000 | $913,000 |
| Application Denied By Financial Institution | 23 | $7,285,000 | $316,000 | $1,045,000 | $98,000 | $299,000 |
| File Closed For Incompleteness | 20 | $6,100,000 | $305,000 | $895,000 | $121,000 | $266,000 |
| Loan Originated | 3 | $855,000 | $285,000 | $375,000 | $82,000 | $90,000 |
| Preapproval Denied by Financial Institution | 1 | $315,000 | $315,000 | $315,000 | $107,000 | $107,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 111 | $36,235,000 | $326,000 | $1,635,000 | $147,000 | $913,000 |
| Debt-To-Income Ratio | 11 | $3,575,000 | $325,000 | $845,000 | $54,000 | $97,000 |
| Collateral | 5 | $2,425,000 | $485,000 | $1,045,000 | $215,000 | $299,000 |
| Credit History | 5 | $1,415,000 | $283,000 | $405,000 | $89,000 | $125,000 |
| Other | 3 | $185,000 | $61,000 | $175,000 | $65,000 | $87,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Investors Mortgage Company LLC's 2019 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 Investors 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.
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