Lendmark Financial Services Mortgage Lending & HMDA Data, 2009
In 2009, Lendmark Financial Services of Wilson, NC reported 1,434 mortgage applications totaling $88.0 million, down 50% from 2008. The average application was for $61,352, and applicants reported an average income of $50,253. 28% of its applications resulted in an originated loan and 50% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (201), Baltimore-Towson, MD (102) and Louisville-Jefferson County, KY-IN (42) (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 | 1,434 |
| Total Mortgage Loan Application Amount | $87,979,000 |
| Average Mortgage Loan Application Amount | $61,352 |
| Highest Mortgage Loan Application Amount | $458,000 |
| Average Applicant Income | $50,253 |
| Highest Applicant Income | $636,000 |
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records Lendmark Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 201 | $ 14,838,000 | $ 73,820 | $ 52,000 |
| Baltimore-Towson, MD | 102 | $ 6,192,000 | $ 60,705 | $ 65,000 |
| Louisville-Jefferson County, KY-IN | 42 | $ 3,097,000 | $ 73,738 | $ 53,285 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 36 | $ 2,789,000 | $ 77,472 | $ 94,388 |
| Macon, GA | 34 | $ 2,473,000 | $ 72,735 | $ 43,000 |
| Savannah, GA | 32 | $ 1,705,000 | $ 53,281 | $ 33,000 |
| Clarksville, TN-KY | 29 | $ 1,414,000 | $ 48,758 | $ 48,344 |
| Huntington-Ashland, WV-KY-OH | 25 | $ 1,307,000 | $ 52,280 | $ 50,200 |
| Dalton, GA | 24 | $ 1,535,000 | $ 63,958 | $ 44,000 |
| Spartanburg, SC | 19 | $ 1,302,000 | $ 68,526 | $ 42,000 |
| Florence, SC | 18 | $ 1,443,000 | $ 80,166 | $ 46,000 |
| Columbus, GA-AL | 17 | $ 1,166,000 | $ 68,588 | $ 54,176 |
| Knoxville, TN | 17 | $ 503,000 | $ 29,588 | $ 60,000 |
| Charleston-North Charleston-Summerville, SC | 14 | $ 1,670,000 | $ 119,285 | $ 78,000 |
| Chattanooga, TN-GA | 14 | $ 579,000 | $ 41,357 | $ 41,000 |
| Greenville-Mauldin-Easley, SC | 14 | $ 745,000 | $ 53,214 | $ 63,000 |
| Augusta-Richmond County, GA-SC | 13 | $ 771,000 | $ 59,307 | $ 59,769 |
| Columbia, SC | 13 | $ 489,000 | $ 37,615 | $ 48,000 |
| Pensacola-Ferry Pass-Brent, FL | 11 | $ 653,000 | $ 59,363 | $ 43,000 |
| Brunswick, GA | 10 | $ 578,000 | $ 57,800 | $ 104,000 |
| Orlando-Kissimmee, FL | 9 | $ 1,093,000 | $ 121,444 | $ 94,000 |
| Owensboro, KY | 9 | $ 336,000 | $ 37,333 | $ 52,000 |
| Lexington-Fayette, KY | 8 | $ 752,000 | $ 94,000 | $ 51,000 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 766,000 | $ 95,750 | $ 70,000 |
| Auburn-Opelika, AL | 7 | $ 260,000 | $ 37,142 | $ 33,000 |
| Hinesville-Fort Stewart, GA | 7 | $ 60,000 | $ 8,571 | $ 0 |
| Salisbury, MD | 7 | $ 813,000 | $ 116,142 | $ 56,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 7 | $ 439,000 | $ 62,714 | $ 118,000 |
| Bethesda-Frederick-Rockville, MD | 6 | $ 312,000 | $ 52,000 | $ 99,000 |
| Richmond, VA | 6 | $ 565,000 | $ 94,166 | $ 50,000 |
| Jacksonville, FL | 5 | $ 425,000 | $ 85,000 | $ 72,000 |
| Rome, GA | 5 | $ 361,000 | $ 72,200 | $ 46,000 |
| Anderson, SC | 4 | $ 268,000 | $ 67,000 | $ 54,000 |
| Athens-Clarke County, GA | 4 | $ 335,000 | $ 83,750 | $ 32,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 254,000 | $ 63,500 | $ 49,000 |
| Valdosta, GA | 4 | $ 410,000 | $ 102,500 | $ 185,000 |
| Warner Robins, GA | 4 | $ 319,000 | $ 79,750 | $ 63,000 |
| Wilmington, DE-MD-NJ | 4 | $ 236,000 | $ 59,000 | $ 60,000 |
| Winston-Salem, NC | 4 | $ 155,000 | $ 38,750 | $ 54,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 236,000 | $ 78,666 | $ 112,666 |
| Evansville, IN-KY | 3 | $ 85,000 | $ 28,333 | $ 37,000 |
| Gainesville, GA | 3 | $ 399,000 | $ 133,000 | $ 65,000 |
| Mobile, AL | 3 | $ 212,000 | $ 70,666 | $ 88,000 |
| Albany, GA | 2 | $ 251,000 | $ 125,500 | $ 34,000 |
| Elizabethtown, KY | 2 | $ 81,000 | $ 40,500 | $ 78,000 |
| Morristown, TN | 2 | $ 68,000 | $ 34,000 | $ 72,000 |
| Wilmington, NC | 2 | $ 72,000 | $ 36,000 | $ 49,000 |
| Birmingham-Hoover, AL | 1 | $ 48,000 | $ 48,000 | $ 58,000 |
| Bowling Green, KY | 1 | $ 61,000 | $ 61,000 | $ 41,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 35,000 | $ 35,000 | $ 71,000 |
| Cleveland, TN | 1 | $ 28,000 | $ 28,000 | $ 18,000 |
| Cumberland, MD-WV | 1 | $ 30,000 | $ 30,000 | $ 18,000 |
| Durham-Chapel Hill, NC | 1 | $ 36,000 | $ 36,000 | $ 125,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 32,000 | $ 32,000 | $ 44,000 |
| Goldsboro, NC | 1 | $ 85,000 | $ 85,000 | $ 27,000 |
| Harrisonburg, VA | 1 | $ 72,000 | $ 72,000 | $ 44,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 50,000 | $ 50,000 | $ 155,000 |
| Morgantown, WV | 1 | $ 20,000 | $ 20,000 | $ 84,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 16,000 | $ 16,000 | $ 58,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 34,000 | $ 34,000 | $ 50,000 |
| Ocala, FL | 1 | $ 97,000 | $ 97,000 | $ 81,000 |
| Raleigh-Cary, NC | 1 | $ 237,000 | $ 237,000 | $ 50,000 |
| Rocky Mount, NC | 1 | $ 68,000 | $ 68,000 | $ 48,000 |
| Sumter, SC | 1 | $ 98,000 | $ 98,000 | $ 30,000 |
| Tallahassee, FL | 1 | $ 56,000 | $ 56,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Lendmark Financial Services 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 | 565 | $43,381,000 | $76,000 | $458,000 | $50,000 | $258,000 |
| Home Improvement | 505 | $20,854,000 | $41,000 | $240,000 | $50,000 | $388,000 |
| Home Purchase | 364 | $23,744,000 | $65,000 | $350,000 | $51,000 | $636,000 |
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 | 901 | $53,795,000 | $59,000 | $350,000 | $51,000 | $516,000 |
| Black or African American | 330 | $22,056,000 | $66,000 | $320,000 | $53,000 | $636,000 |
| Not Provided | 134 | $8,677,000 | $64,000 | $458,000 | $55,000 | $388,000 |
| Not applicable | 34 | $554,000 | $16,000 | $65,000 | $0 | $0 |
| Hispanic | 22 | $1,137,000 | $51,000 | $134,000 | $44,000 | $91,000 |
| Asian | 6 | $1,009,000 | $168,000 | $276,000 | $73,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $461,000 | $92,000 | $200,000 | $55,000 | $100,000 |
| American Indian or Alaskan Native | 2 | $290,000 | $145,000 | $240,000 | $57,000 | $72,000 |
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) | 1,434 | $87,979,000 | $61,000 | $458,000 | $50,000 | $636,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 722 | $48,383,000 | $67,000 | $458,000 | $48,000 | $636,000 |
| Loan Originated | 405 | $22,360,000 | $55,000 | $260,000 | $56,000 | $516,000 |
| Application Approved But Not Accepted | 251 | $14,827,000 | $59,000 | $282,000 | $51,000 | $207,000 |
| Loan Purchased By The Institution | 34 | $554,000 | $16,000 | $65,000 | $0 | $0 |
| Application Withdrawn By Applicant | 22 | $1,855,000 | $84,000 | $270,000 | $78,000 | $388,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 355 | $22,564,000 | $63,000 | $458,000 | $49,000 | $636,000 |
| Collateral | 140 | $8,444,000 | $60,000 | $315,000 | $57,000 | $324,000 |
| Debt-To-Income Ratio | 135 | $11,540,000 | $85,000 | $347,000 | $36,000 | $122,000 |
| Other | 72 | $4,623,000 | $64,000 | $324,000 | $54,000 | $323,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $655,000 | $81,000 | $132,000 | $54,000 | $79,000 |
| Employment History | 7 | $365,000 | $52,000 | $98,000 | $42,000 | $65,000 |
| Unverifiable Information | 5 | $192,000 | $38,000 | $95,000 | $32,000 | $73,000 |
| 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 Lendmark Financial Services'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 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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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