Investors Mortgage Company LLC Mortgage Lending & HMDA Data, 2009
In 2009, Investors Mortgage Company LLC of Short Hills, NJ reported 2,629 mortgage applications totaling $1.7 billion, down 36% from 2008. The average application was for $629,041, and applicants reported an average income of $269,974. 62% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Edison-New Brunswick, NJ (797), Newark-Union, NJ-PA (667) and New York-White Plains-Wayne, NY-NJ (603) (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 | 2,629 |
| Total Mortgage Loan Application Amount | $1,653,750,000 |
| Average Mortgage Loan Application Amount | $629,041 |
| Highest Mortgage Loan Application Amount | $29,000,000 |
| Average Applicant Income | $269,974 |
| Highest Applicant Income | $7,363,000 |
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records Investors Mortgage Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Investors Mortgage Company LLC in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,492 | $1,008,009,000 | $675,000 | $29,000,000 | $270,000 | $4,519,000 |
| Home Purchase | 972 | $628,498,000 | $646,000 | $29,000,000 | $292,000 | $7,363,000 |
| Home Improvement | 165 | $17,243,000 | $104,000 | $1,453,000 | $140,000 | $1,707,000 |
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 | 1,369 | $856,405,000 | $625,000 | $2,800,000 | $338,000 | $7,363,000 |
| Not applicable | 702 | $493,987,000 | $703,000 | $29,000,000 | $144,000 | $1,620,000 |
| Not Provided | 305 | $186,200,000 | $610,000 | $2,000,000 | $316,000 | $3,265,000 |
| Asian | 159 | $82,554,000 | $519,000 | $2,226,000 | $200,000 | $2,070,000 |
| Black or African American | 45 | $13,097,000 | $291,000 | $1,600,000 | $147,000 | $889,000 |
| Hispanic | 43 | $19,656,000 | $457,000 | $1,320,000 | $219,000 | $1,008,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,048,000 | $349,000 | $653,000 | $199,000 | $335,000 |
| American Indian or Alaskan Native | 3 | $803,000 | $267,000 | $453,000 | $180,000 | $366,000 |
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) | 2,629 | $1,653,750,000 | $629,000 | $29,000,000 | $270,000 | $7,363,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 1,627 | $1,237,192,000 | $760,000 | $29,000,000 | $311,000 | $4,967,000 |
| Loan Purchased By The Institution | 637 | $221,552,000 | $347,000 | $2,133,000 | $161,000 | $1,620,000 |
| Application Denied By Financial Institution | 190 | $84,590,000 | $445,000 | $2,800,000 | $182,000 | $2,839,000 |
| Application Approved But Not Accepted | 157 | $103,304,000 | $657,000 | $2,500,000 | $404,000 | $7,363,000 |
| Application Withdrawn By Applicant | 12 | $5,233,000 | $436,000 | $875,000 | $121,000 | $250,000 |
| File Closed For Incompleteness | 6 | $1,879,000 | $313,000 | $642,000 | $106,000 | $257,000 |
| 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 | 15 | $7,339,000 | $489,000 | $1,500,000 | $139,000 | $473,000 |
| Credit History | 12 | $1,882,000 | $156,000 | $730,000 | $75,000 | $210,000 |
| Collateral | 9 | $3,291,000 | $365,000 | $1,125,000 | $266,000 | $1,002,000 |
| Other | 4 | $55,000 | $13,000 | $40,000 | $92,000 | $154,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,585,000 | $528,000 | $1,575,000 | $96,000 | $139,000 |
| Unverifiable Information | 1 | $533,000 | $533,000 | $533,000 | $124,000 | $124,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Investors Mortgage Company LLC's 2009 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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