Lendsource Inc Mortgage Lending & HMDA Data, 2009

In 2009, Lendsource Inc of Minnetonka, MN reported 964 mortgage applications totaling $162.7 million, up 198% from 2008. The average application was for $168,748, and applicants reported an average income of $64,605. 22% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (333), Milwaukee-Waukesha-West Allis, WI (72) and Madison, WI (32) (applications in parentheses).

Mortgage Company & Address Lendsource Inc
12701 Whitewater Dr Ste 340
Minnetonka, MN 55343
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 964
Total Mortgage Loan Application Amount $162,674,000
Average Mortgage Loan Application Amount $168,748
Highest Mortgage Loan Application Amount $650,000
Average Applicant Income $64,605
Highest Applicant Income $552,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lendsource Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Lendsource Inc by County in 2009

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Hennepin, Minnesota 102 $ 21,762,000 $ 213,352 $ 72,000
Dakota, Minnesota 52 $ 11,341,000 $ 218,096 $ 81,000
Milwaukee, Wisconsin 43 $ 6,360,000 $ 147,906 $ 61,000
Anoka, Minnesota 39 $ 7,541,000 $ 193,358 $ 60,000
Ramsey, Minnesota 35 $ 6,795,000 $ 194,142 $ 65,000
Dane, Wisconsin 25 $ 4,354,000 $ 174,160 $ 76,000
Polk, Iowa 20 $ 2,636,000 $ 131,800 $ 54,000
Scott, Minnesota 19 $ 4,337,000 $ 228,263 $ 95,000
Washington, Minnesota 18 $ 3,986,000 $ 221,444 $ 81,000
Carver, Minnesota 17 $ 3,802,000 $ 223,647 $ 69,000
Linn, Iowa 15 $ 1,737,000 $ 115,800 $ 71,000
Olmsted, Minnesota 15 $ 2,942,000 $ 196,133 $ 72,000
Sherburne, Minnesota 15 $ 2,663,000 $ 177,533 $ 58,000
Waukesha, Wisconsin 15 $ 3,812,000 $ 254,133 $ 75,000
Kenosha, Wisconsin 14 $ 2,713,000 $ 193,785 $ 73,000
Rock, Wisconsin 14 $ 1,772,000 $ 126,571 $ 58,000
St. Louis, Minnesota 13 $ 1,903,000 $ 146,384 $ 46,000
Wright, Minnesota 13 $ 2,744,000 $ 211,076 $ 66,000
Brown, Wisconsin 12 $ 1,846,000 $ 153,833 $ 74,000
Outagamie, Wisconsin 12 $ 1,563,000 $ 130,250 $ 62,000
Sauk, Wisconsin 11 $ 1,975,000 $ 179,545 $ 52,000
Racine, Wisconsin 10 $ 1,515,000 $ 151,500 $ 97,000
Chisago, Minnesota 8 $ 1,472,000 $ 184,000 $ 54,000
Stearns, Minnesota 8 $ 1,155,000 $ 144,375 $ 77,000
Ozaukee, Wisconsin 8 $ 1,633,000 $ 204,125 $ 91,000
St. Croix, Wisconsin 8 $ 1,343,000 $ 167,875 $ 48,000
Brown, Minnesota 7 $ 764,000 $ 109,142 $ 51,000
Isanti, Minnesota 7 $ 1,610,000 $ 230,000 $ 66,000
Otter Tail, Minnesota 7 $ 1,084,000 $ 154,857 $ 59,000
Marathon, Wisconsin 7 $ 1,011,000 $ 144,428 $ 36,000
Scott, Iowa 6 $ 897,000 $ 149,500 $ 80,000
Warren, Iowa 6 $ 790,000 $ 131,666 $ 62,000
Crow Wing, Minnesota 6 $ 1,051,000 $ 175,166 $ 60,000
Le Sueur, Minnesota 6 $ 909,000 $ 151,500 $ 46,000
Mower, Minnesota 6 $ 785,000 $ 130,833 $ 37,000
Fond du Lac, Wisconsin 6 $ 906,000 $ 151,000 $ 71,000
Jefferson, Wisconsin 6 $ 993,000 $ 165,500 $ 59,000
Manitowoc, Wisconsin 6 $ 649,000 $ 108,166 $ 43,000
Washington, Wisconsin 6 $ 1,307,000 $ 217,833 $ 84,000
Black Hawk, Iowa 5 $ 688,000 $ 137,600 $ 49,000
Blue Earth, Minnesota 5 $ 751,000 $ 150,200 $ 47,000
Goodhue, Minnesota 5 $ 894,000 $ 178,800 $ 79,000
Itasca, Minnesota 5 $ 727,000 $ 145,400 $ 49,000
Rice, Minnesota 5 $ 1,016,000 $ 203,200 $ 46,000
Columbia, Wisconsin 5 $ 718,000 $ 143,600 $ 64,000
Douglas, Wisconsin 5 $ 484,000 $ 96,800 $ 40,000
La Crosse, Wisconsin 5 $ 565,000 $ 113,000 $ 42,000
Oneida, Wisconsin 5 $ 628,000 $ 125,600 $ 40,000
Shawano, Wisconsin 5 $ 718,000 $ 143,600 $ 49,000
Winnebago, Wisconsin 5 $ 776,000 $ 155,200 $ 92,000
Jasper, Iowa 4 $ 420,000 $ 105,000 $ 61,000
Pottawattamie, Iowa 4 $ 583,000 $ 145,750 $ 93,000
Story, Iowa 4 $ 506,000 $ 126,500 $ 85,000
Clay, Minnesota 4 $ 589,000 $ 147,250 $ 39,000
Dodge, Minnesota 4 $ 598,000 $ 149,500 $ 50,000
Hubbard, Minnesota 4 $ 893,000 $ 223,250 $ 35,000
McLeod, Minnesota 4 $ 610,000 $ 152,500 $ 52,000
Cass, North Dakota 4 $ 510,000 $ 127,500 $ 64,000
Ward, North Dakota 4 $ 469,000 $ 117,250 $ 61,000
Calumet, Wisconsin 4 $ 494,000 $ 123,500 $ 46,000
Portage, Wisconsin 4 $ 520,000 $ 130,000 $ 67,000
Sheboygan, Wisconsin 4 $ 551,000 $ 137,750 $ 52,000
El Paso, Colorado 3 $ 599,000 $ 199,666 $ 55,000
Cedar, Iowa 3 $ 354,000 $ 118,000 $ 52,000
Crawford, Iowa 3 $ 319,000 $ 106,333 $ 76,000
Dubuque, Iowa 3 $ 442,000 $ 147,333 $ 43,000
Marion, Iowa 3 $ 376,000 $ 125,333 $ 56,000
Plymouth, Iowa 3 $ 383,000 $ 127,666 $ 72,000
Tama, Iowa 3 $ 306,000 $ 102,000 $ 29,000
Woodbury, Iowa 3 $ 346,000 $ 115,333 $ 97,000
Meeker, Minnesota 3 $ 453,000 $ 151,000 $ 39,000
Pine, Minnesota 3 $ 412,000 $ 137,333 $ 46,000
Steele, Minnesota 3 $ 552,000 $ 184,000 $ 48,000
Burleigh, North Dakota 3 $ 343,000 $ 114,333 $ 54,000
Stark, North Dakota 3 $ 343,000 $ 114,333 $ 39,000
Bayfield, Wisconsin 3 $ 253,000 $ 84,333 $ 46,000
Chippewa, Wisconsin 3 $ 336,000 $ 112,000 $ 34,000
Dodge, Wisconsin 3 $ 515,000 $ 171,666 $ 63,000
Grant, Wisconsin 3 $ 229,000 $ 76,333 $ 36,000
Green, Wisconsin 3 $ 369,000 $ 123,000 $ 47,000
Trempealeau, Wisconsin 3 $ 363,000 $ 121,000 $ 53,000
Walworth, Wisconsin 3 $ 390,000 $ 130,000 $ 50,000
Washburn, Wisconsin 3 $ 291,000 $ 97,000 $ 46,000
Adams, Colorado 2 $ 444,000 $ 222,000 $ 106,000
Jefferson, Colorado 2 $ 349,000 $ 174,500 $ 0
Broward, Florida 2 $ 335,000 $ 167,500 $ 54,000
Appanoose, Iowa 2 $ 203,000 $ 101,500 $ 30,000
Buena Vista, Iowa 2 $ 136,000 $ 68,000 $ 49,000
Clinton, Iowa 2 $ 157,000 $ 78,500 $ 57,000
Harrison, Iowa 2 $ 353,000 $ 176,500 $ 176,000
Henry, Iowa 2 $ 296,000 $ 148,000 $ 112,000
Humboldt, Iowa 2 $ 233,000 $ 116,500 $ 56,000
Jefferson, Iowa 2 $ 157,000 $ 78,500 $ 76,000
Johnson, Iowa 2 $ 339,000 $ 169,500 $ 63,000
Jones, Iowa 2 $ 252,000 $ 126,000 $ 89,000
Lyon, Iowa 2 $ 95,000 $ 47,500 $ 20,000
Marshall, Iowa 2 $ 148,000 $ 74,000 $ 72,000
Poweshiek, Iowa 2 $ 147,000 $ 73,500 $ 48,000
Sioux, Iowa 2 $ 292,000 $ 146,000 $ 52,000
Wapello, Iowa 2 $ 314,000 $ 157,000 $ 68,000
Washington, Iowa 2 $ 245,000 $ 122,500 $ 65,000
Aitkin, Minnesota 2 $ 272,000 $ 136,000 $ 27,000
Carlton, Minnesota 2 $ 277,000 $ 138,500 $ 50,000
Cass, Minnesota 2 $ 513,000 $ 256,500 $ 57,000
Cottonwood, Minnesota 2 $ 301,000 $ 150,500 $ 57,000
Douglas, Minnesota 2 $ 282,000 $ 141,000 $ 26,000
Faribault, Minnesota 2 $ 316,000 $ 158,000 $ 48,000
Freeborn, Minnesota 2 $ 235,000 $ 117,500 $ 38,000
Kanabec, Minnesota 2 $ 278,000 $ 139,000 $ 82,000
Lac qui Parle, Minnesota 2 $ 176,000 $ 88,000 $ 55,000
Martin, Minnesota 2 $ 282,000 $ 141,000 $ 68,000
Nicollet, Minnesota 2 $ 240,000 $ 120,000 $ 26,000
Todd, Minnesota 2 $ 313,000 $ 156,500 $ 104,000
St. Louis, Missouri 2 $ 453,000 $ 226,500 $ 105,000
Grand Forks, North Dakota 2 $ 176,000 $ 88,000 $ 79,000
Logan, North Dakota 2 $ 200,000 $ 100,000 $ 42,000
Barron, Wisconsin 2 $ 229,000 $ 114,500 $ 56,000
Clark, Wisconsin 2 $ 291,000 $ 145,500 $ 78,000
Crawford, Wisconsin 2 $ 176,000 $ 88,000 $ 44,000
Dunn, Wisconsin 2 $ 276,000 $ 138,000 $ 65,000
Iowa, Wisconsin 2 $ 240,000 $ 120,000 $ 40,000
Juneau, Wisconsin 2 $ 270,000 $ 135,000 $ 29,000
Marinette, Wisconsin 2 $ 149,000 $ 74,500 $ 70,000
Polk, Wisconsin 2 $ 350,000 $ 175,000 $ 63,000
Vernon, Wisconsin 2 $ 124,000 $ 62,000 $ 24,000
Vilas, Wisconsin 2 $ 598,000 $ 299,000 $ 64,000
Wood, Wisconsin 2 $ 199,000 $ 99,500 $ 63,000
Maricopa, Arizona 1 $ 340,000 $ 340,000 $ 122,000
Arapahoe, Colorado 1 $ 156,000 $ 156,000 $ 36,000
Douglas, Colorado 1 $ 280,000 $ 280,000 $ 89,000
Pueblo, Colorado 1 $ 271,000 $ 271,000 $ 168,000
Weld, Colorado 1 $ 278,000 $ 278,000 $ 0
Marion, Florida 1 $ 131,000 $ 131,000 $ 68,000
Miami-Dade, Florida 1 $ 73,000 $ 73,000 $ 44,000
Palm Beach, Florida 1 $ 343,000 $ 343,000 $ 125,000
St. Lucie, Florida 1 $ 70,000 $ 70,000 $ 27,000
Boone, Iowa 1 $ 211,000 $ 211,000 $ 68,000
Buchanan, Iowa 1 $ 127,000 $ 127,000 $ 68,000
Butler, Iowa 1 $ 105,000 $ 105,000 $ 40,000
Calhoun, Iowa 1 $ 54,000 $ 54,000 $ 113,000
Cass, Iowa 1 $ 85,000 $ 85,000 $ 33,000
Cerro Gordo, Iowa 1 $ 104,000 $ 104,000 $ 43,000
Cherokee, Iowa 1 $ 53,000 $ 53,000 $ 53,000
Clay, Iowa 1 $ 121,000 $ 121,000 $ 36,000
Dallas, Iowa 1 $ 119,000 $ 119,000 $ 72,000
Decatur, Iowa 1 $ 123,000 $ 123,000 $ 43,000
Delaware, Iowa 1 $ 210,000 $ 210,000 $ 57,000
Fayette, Iowa 1 $ 119,000 $ 119,000 $ 98,000
Hancock, Iowa 1 $ 108,000 $ 108,000 $ 43,000
Iowa, Iowa 1 $ 100,000 $ 100,000 $ 20,000
Jackson, Iowa 1 $ 88,000 $ 88,000 $ 24,000
Kossuth, Iowa 1 $ 75,000 $ 75,000 $ 0
Lee, Iowa 1 $ 102,000 $ 102,000 $ 60,000
Lucas, Iowa 1 $ 133,000 $ 133,000 $ 48,000
Mills, Iowa 1 $ 72,000 $ 72,000 $ 59,000
Page, Iowa 1 $ 48,000 $ 48,000 $ 12,000
Oakland, Michigan 1 $ 350,000 $ 350,000 $ 210,000
Big Stone, Minnesota 1 $ 140,000 $ 140,000 $ 143,000
Clearwater, Minnesota 1 $ 87,000 $ 87,000 $ 46,000
Fillmore, Minnesota 1 $ 248,000 $ 248,000 $ 58,000
Houston, Minnesota 1 $ 174,000 $ 174,000 $ 74,000
Kandiyohi, Minnesota 1 $ 124,000 $ 124,000 $ 55,000
Lake, Minnesota 1 $ 138,000 $ 138,000 $ 52,000
Lyon, Minnesota 1 $ 159,000 $ 159,000 $ 52,000
Mille Lacs, Minnesota 1 $ 170,000 $ 170,000 $ 81,000
Morrison, Minnesota 1 $ 159,000 $ 159,000 $ 83,000
Polk, Minnesota 1 $ 95,000 $ 95,000 $ 43,000
Renville, Minnesota 1 $ 74,000 $ 74,000 $ 20,000
Roseau, Minnesota 1 $ 147,000 $ 147,000 $ 40,000
Swift, Minnesota 1 $ 64,000 $ 64,000 $ 59,000
Wabasha, Minnesota 1 $ 239,000 $ 239,000 $ 0
Wadena, Minnesota 1 $ 112,000 $ 112,000 $ 64,000
Winona, Minnesota 1 $ 167,000 $ 167,000 $ 105,000
Boone, Missouri 1 $ 166,000 $ 166,000 $ 40,000
Greene, Missouri 1 $ 136,000 $ 136,000 $ 86,000
Livingston, Missouri 1 $ 148,000 $ 148,000 $ 60,000
Richland, North Dakota 1 $ 234,000 $ 234,000 $ 37,000
Williams, North Dakota 1 $ 76,000 $ 76,000 $ 33,000
Salt Lake, Utah 1 $ 124,000 $ 124,000 $ 49,000
Ashland, Wisconsin 1 $ 90,000 $ 90,000 $ 63,000
Burnett, Wisconsin 1 $ 180,000 $ 180,000 $ 206,000
Door, Wisconsin 1 $ 282,000 $ 282,000 $ 29,000
Eau Claire, Wisconsin 1 $ 123,000 $ 123,000 $ 69,000
Green Lake, Wisconsin 1 $ 98,000 $ 98,000 $ 80,000
Kewaunee, Wisconsin 1 $ 114,000 $ 114,000 $ 68,000
Lincoln, Wisconsin 1 $ 88,000 $ 88,000 $ 48,000
Monroe, Wisconsin 1 $ 141,000 $ 141,000 $ 61,000
Oconto, Wisconsin 1 $ 95,000 $ 95,000 $ 113,000
Price, Wisconsin 1 $ 156,000 $ 156,000 $ 28,000
Richland, Wisconsin 1 $ 193,000 $ 193,000 $ 28,000
Rusk, Wisconsin 1 $ 163,000 $ 163,000 $ 36,000
Taylor, Wisconsin 1 $ 136,000 $ 136,000 $ 49,000
Waupaca, Wisconsin 1 $ 238,000 $ 238,000 $ 54,000
Waushara, Wisconsin 1 $ 96,000 $ 96,000 $ 35,000

Mortgage Loan Application Detail Totals for Lendsource Inc 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 861 $147,093,000 $170,000 $650,000 $65,000 $552,000
Home Purchase 74 $11,589,000 $156,000 $328,000 $63,000 $192,000
Home Improvement 29 $3,992,000 $137,000 $299,000 $57,000 $101,000

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 747 $127,010,000 $170,000 $650,000 $65,000 $552,000
Not Provided 150 $23,136,000 $154,000 $536,000 $57,000 $164,000
Black or African American 36 $6,543,000 $181,000 $417,000 $60,000 $210,000
Hispanic 18 $3,401,000 $188,000 $390,000 $81,000 $190,000
Asian 7 $1,337,000 $191,000 $293,000 $77,000 $123,000
American Indian or Alaskan Native 3 $680,000 $226,000 $310,000 $85,000 $112,000
Native Hawaiian or Other Pacific Islander 3 $567,000 $189,000 $264,000 $72,000 $104,000
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
FHA-insured (Federal Housing Administration) 671 $109,707,000 $163,000 $390,000 $58,000 $257,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 293 $52,967,000 $180,000 $650,000 $79,000 $552,000
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 Withdrawn By Applicant 353 $55,169,000 $156,000 $500,000 $70,000 $300,000
Application Denied By Financial Institution 289 $47,931,000 $165,000 $650,000 $57,000 $387,000
Loan Originated 209 $38,504,000 $184,000 $417,000 $66,000 $552,000
Application Approved But Not Accepted 84 $15,607,000 $185,000 $400,000 $66,000 $210,000
File Closed For Incompleteness 29 $5,463,000 $188,000 $363,000 $58,000 $168,000
Loan Purchased By The Institution 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lendsource Inc'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 Lendsource Inc'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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