Lendmark Financial Services Mortgage Lending & HMDA Data, 2007
In 2007, Lendmark Financial Services of Wilson, NC reported 3,536 mortgage applications totaling $264.9 million, down 5% from 2006. The average application was for $74,920, and applicants reported an average income of $57,105. 44% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (362), Baltimore-Towson, MD (321) and Washington-Arlington-Alexandria, DC-VA-MD-WV (180) (applications in parentheses).
| Mortgage Company & Address | Lendmark Financial Services 223 W Nash St Wilson, NC 27893 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,536 |
| Total Mortgage Loan Application Amount | $264,920,000 |
| Average Mortgage Loan Application Amount | $74,920 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $57,105 |
| Highest Applicant Income | $723,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lendmark Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 362 | $ 29,389,000 | $ 81,185 | $ 61,000 |
| Baltimore-Towson, MD | 321 | $ 26,055,000 | $ 81,168 | $ 71,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 180 | $ 14,565,000 | $ 80,916 | $ 88,377 |
| Louisville-Jefferson County, KY-IN | 85 | $ 6,302,000 | $ 74,141 | $ 52,941 |
| Orlando-Kissimmee, FL | 76 | $ 8,983,000 | $ 118,197 | $ 78,000 |
| Savannah, GA | 67 | $ 7,265,000 | $ 108,432 | $ 81,000 |
| Augusta-Richmond County, GA-SC | 66 | $ 3,765,000 | $ 57,045 | $ 55,651 |
| Macon, GA | 54 | $ 3,857,000 | $ 71,425 | $ 53,000 |
| Florence, SC | 53 | $ 4,627,000 | $ 87,301 | $ 48,000 |
| Clarksville, TN-KY | 52 | $ 2,377,000 | $ 45,711 | $ 47,730 |
| Greenville-Mauldin-Easley, SC | 52 | $ 4,015,000 | $ 77,211 | $ 47,000 |
| Columbia, SC | 45 | $ 3,548,000 | $ 78,844 | $ 52,000 |
| Huntington-Ashland, WV-KY-OH | 44 | $ 2,566,000 | $ 58,318 | $ 46,136 |
| Dalton, GA | 43 | $ 2,981,000 | $ 69,325 | $ 61,000 |
| Tampa-St. Petersburg-Clearwater, FL | 42 | $ 4,010,000 | $ 95,476 | $ 65,000 |
| Wilmington, DE-MD-NJ | 41 | $ 4,210,000 | $ 102,682 | $ 85,585 |
| Chattanooga, TN-GA | 32 | $ 1,854,000 | $ 57,937 | $ 56,718 |
| Brunswick, GA | 29 | $ 2,437,000 | $ 84,034 | $ 50,000 |
| Columbus, GA-AL | 29 | $ 2,445,000 | $ 84,310 | $ 56,689 |
| Jacksonville, FL | 27 | $ 2,600,000 | $ 96,296 | $ 56,000 |
| Richmond, VA | 26 | $ 2,016,000 | $ 77,538 | $ 68,000 |
| Salisbury, MD | 25 | $ 3,712,000 | $ 148,480 | $ 61,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 23 | $ 1,232,000 | $ 53,565 | $ 58,000 |
| Charleston-North Charleston, SC | 22 | $ 2,416,000 | $ 109,818 | $ 54,000 |
| Pensacola-Ferry Pass-Brent, FL | 22 | $ 2,294,000 | $ 104,272 | $ 50,000 |
| Knoxville, TN | 21 | $ 1,004,000 | $ 47,809 | $ 55,000 |
| Bethesda-Gaithersburg-Frederick, MD | 20 | $ 1,344,000 | $ 67,200 | $ 73,000 |
| Owensboro, KY | 20 | $ 1,179,000 | $ 58,950 | $ 46,000 |
| Warner Robins, GA | 20 | $ 1,815,000 | $ 90,750 | $ 45,000 |
| Charlotte-Gastonia-Concord, NC-SC | 17 | $ 1,445,000 | $ 85,000 | $ 60,588 |
| Valdosta, GA | 17 | $ 1,033,000 | $ 60,764 | $ 34,000 |
| Spartanburg, SC | 16 | $ 1,621,000 | $ 101,312 | $ 101,000 |
| Albany, GA | 15 | $ 1,548,000 | $ 103,200 | $ 75,000 |
| Anderson, SC | 15 | $ 869,000 | $ 57,933 | $ 48,000 |
| Gainesville, GA | 14 | $ 663,000 | $ 47,357 | $ 52,000 |
| Lakeland, FL | 14 | $ 1,212,000 | $ 86,571 | $ 57,000 |
| Lexington-Fayette, KY | 14 | $ 780,000 | $ 55,714 | $ 53,000 |
| Athens-Clarke County, GA | 13 | $ 1,125,000 | $ 86,538 | $ 46,000 |
| Evansville, IN-KY | 13 | $ 538,000 | $ 41,384 | $ 44,000 |
| Rome, GA | 13 | $ 904,000 | $ 69,538 | $ 42,000 |
| Tallahassee, FL | 13 | $ 1,206,000 | $ 92,769 | $ 49,000 |
| Cincinnati-Middletown, OH-KY-IN | 12 | $ 1,082,000 | $ 90,166 | $ 54,333 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 12 | $ 1,327,000 | $ 110,583 | $ 47,000 |
| Winston-Salem, NC | 10 | $ 587,000 | $ 58,700 | $ 52,000 |
| Hagerstown-Martinsburg, MD-WV | 9 | $ 616,000 | $ 68,444 | $ 80,888 |
| Mobile, AL | 9 | $ 618,000 | $ 68,666 | $ 45,000 |
| Ocala, FL | 9 | $ 628,000 | $ 69,777 | $ 46,000 |
| Greensboro-High Point, NC | 8 | $ 566,000 | $ 70,750 | $ 64,000 |
| Charlottesville, VA | 7 | $ 594,000 | $ 84,857 | $ 45,000 |
| Raleigh-Cary, NC | 7 | $ 527,000 | $ 75,285 | $ 50,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 678,000 | $ 113,000 | $ 82,000 |
| Fayetteville, NC | 6 | $ 240,000 | $ 40,000 | $ 66,000 |
| Morristown, TN | 6 | $ 316,000 | $ 52,666 | $ 36,000 |
| Palm Bay-Melbourne-Titusville, FL | 6 | $ 337,000 | $ 56,166 | $ 80,000 |
| Sarasota-Bradenton-Venice, FL | 6 | $ 465,000 | $ 77,500 | $ 59,000 |
| Birmingham-Hoover, AL | 5 | $ 454,000 | $ 90,800 | $ 36,000 |
| Charleston, WV | 5 | $ 294,000 | $ 58,800 | $ 47,000 |
| Dover, DE | 5 | $ 751,000 | $ 150,200 | $ 95,000 |
| Kingsport-Bristol-Bristol, TN-VA | 5 | $ 336,000 | $ 67,200 | $ 29,600 |
| Roanoke, VA | 5 | $ 407,000 | $ 81,400 | $ 38,000 |
| Cumberland, MD-WV | 4 | $ 241,000 | $ 60,250 | $ 64,500 |
| Lynchburg, VA | 4 | $ 160,000 | $ 40,000 | $ 54,000 |
| Morgantown, WV | 4 | $ 208,000 | $ 52,000 | $ 51,000 |
| Sumter, SC | 4 | $ 174,000 | $ 43,500 | $ 43,000 |
| Asheville, NC | 3 | $ 334,000 | $ 111,333 | $ 39,000 |
| Bowling Green, KY | 3 | $ 164,000 | $ 54,666 | $ 68,000 |
| Cleveland, TN | 3 | $ 89,000 | $ 29,666 | $ 22,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 229,000 | $ 76,333 | $ 36,000 |
| Fort Walton Beach-Crestview-Destin, FL | 3 | $ 204,000 | $ 68,000 | $ 52,000 |
| Goldsboro, NC | 3 | $ 326,000 | $ 108,666 | $ 65,000 |
| Hinesville-Fort Stewart, GA | 3 | $ 310,000 | $ 103,333 | $ 50,000 |
| Wilmington, NC | 3 | $ 104,000 | $ 34,666 | $ 64,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 130,000 | $ 65,000 | $ 36,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 229,000 | $ 114,500 | $ 71,000 |
| Danville, VA | 2 | $ 150,000 | $ 75,000 | $ 31,000 |
| Durham, NC | 2 | $ 240,000 | $ 120,000 | $ 44,000 |
| Elizabethtown, KY | 2 | $ 132,000 | $ 66,000 | $ 49,000 |
| Gainesville, FL | 2 | $ 266,000 | $ 133,000 | $ 70,000 |
| Harrisonburg, VA | 2 | $ 193,000 | $ 96,500 | $ 34,000 |
| Palm Coast, FL | 2 | $ 186,000 | $ 93,000 | $ 35,000 |
| Panama City-Lynn Haven, FL | 2 | $ 300,000 | $ 150,000 | $ 57,000 |
| Rocky Mount, NC | 2 | $ 93,000 | $ 46,500 | $ 78,000 |
| York-Hanover, PA | 2 | $ 477,000 | $ 238,500 | $ 62,000 |
| Auburn-Opelika, AL | 1 | $ 150,000 | $ 150,000 | $ 103,000 |
| Decatur, AL | 1 | $ 15,000 | $ 15,000 | $ 48,000 |
| Dothan, AL | 1 | $ 109,000 | $ 109,000 | $ 73,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 50,000 | $ 50,000 | $ 48,000 |
| Jacksonville, NC | 1 | $ 79,000 | $ 79,000 | $ 64,000 |
| Johnson City, TN | 1 | $ 156,000 | $ 156,000 | $ 64,000 |
| Memphis, TN-MS-AR | 1 | $ 165,000 | $ 165,000 | $ 69,000 |
| Philadelphia, PA | 1 | $ 50,000 | $ 50,000 | $ 46,000 |
| Pittsburgh, PA | 1 | $ 50,000 | $ 50,000 | $ 68,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 110,000 | $ 110,000 | $ 36,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 140,000 | $ 140,000 | $ 167,000 |
| Wheeling, WV-OH | 1 | $ 21,000 | $ 21,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Lendmark Financial Services in 2007
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 | 1,552 | $140,181,000 | $90,000 | $880,000 | $56,000 | $723,000 |
| Home Improvement | 1,483 | $86,241,000 | $58,000 | $598,000 | $61,000 | $508,000 |
| Home Purchase | 501 | $38,498,000 | $76,000 | $500,000 | $49,000 | $445,000 |
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 | 2,090 | $150,105,000 | $71,000 | $880,000 | $54,000 | $508,000 |
| Black or African American | 878 | $72,079,000 | $82,000 | $578,000 | $60,000 | $720,000 |
| Not Provided | 473 | $34,979,000 | $73,000 | $360,000 | $60,000 | $479,000 |
| Hispanic | 48 | $4,175,000 | $86,000 | $221,000 | $89,000 | $723,000 |
| Not applicable | 16 | $726,000 | $45,000 | $84,000 | $0 | $0 |
| American Indian or Alaskan Native | 15 | $753,000 | $50,000 | $133,000 | $49,000 | $134,000 |
| Asian | 12 | $1,562,000 | $130,000 | $473,000 | $88,000 | $177,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $541,000 | $135,000 | $238,000 | $95,000 | $174,000 |
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) | 3,536 | $264,920,000 | $74,000 | $880,000 | $57,000 | $723,000 |
| 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 | 1,547 | $107,049,000 | $69,000 | $598,000 | $62,000 | $449,000 |
| Application Denied By Financial Institution | 1,200 | $97,497,000 | $81,000 | $880,000 | $53,000 | $723,000 |
| Application Approved But Not Accepted | 751 | $57,579,000 | $76,000 | $363,000 | $55,000 | $479,000 |
| Application Withdrawn By Applicant | 22 | $2,069,000 | $94,000 | $473,000 | $58,000 | $189,000 |
| Loan Purchased By The Institution | 16 | $726,000 | $45,000 | $84,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 679 | $53,397,000 | $78,000 | $578,000 | $49,000 | $723,000 |
| Other | 272 | $23,301,000 | $85,000 | $515,000 | $64,000 | $720,000 |
| Debt-To-Income Ratio | 123 | $11,385,000 | $92,000 | $880,000 | $38,000 | $230,000 |
| Collateral | 112 | $8,546,000 | $76,000 | $350,000 | $62,000 | $265,000 |
| Employment History | 6 | $414,000 | $69,000 | $102,000 | $55,000 | $148,000 |
| Unverifiable Information | 4 | $141,000 | $35,000 | $71,000 | $36,000 | $43,000 |
| Credit Application Incomplete | 2 | $198,000 | $99,000 | $157,000 | $48,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $60,000 | $60,000 | $60,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lendmark Financial Services's 2007 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 Lendmark Financial Services'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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