Member Power Services Group Mortgage Lending & HMDA Data, 2011
In 2011, Member Power Services Group of Columbus, OH reported 138 mortgage applications totaling $19.5 million, up 17% from 2010. The average application was for $141,485, and applicants reported an average income of $90,608. 68% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Columbus, OH (119), Canton-Massillon, OH (2) and Akron, OH (1) (applications in parentheses).
| Mortgage Company & Address | Member Power Services Group 5665 N Hamilton Rd Suite D Columbus, OH 43231 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 |
| Total Number of Mortgage Applications | 138 |
| Total Mortgage Loan Application Amount | $19,525,000 |
| Average Mortgage Loan Application Amount | $141,485 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $90,608 |
| Highest Applicant Income | $289,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Member Power Services Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Member Power Services Group in 2011
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 | 93 | $13,332,000 | $143,000 | $417,000 | $88,000 | $261,000 |
| Home Purchase | 45 | $6,193,000 | $137,000 | $350,000 | $96,000 | $289,000 |
| Home Improvement | 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 | 115 | $16,447,000 | $143,000 | $417,000 | $91,000 | $289,000 |
| Not Provided | 12 | $1,548,000 | $129,000 | $270,000 | $106,000 | $284,000 |
| Black or African American | 8 | $1,189,000 | $148,000 | $247,000 | $75,000 | $158,000 |
| Asian | 2 | $270,000 | $135,000 | $153,000 | $82,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $71,000 | $71,000 | $71,000 | $31,000 | $31,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 138 | $19,525,000 | $141,000 | $417,000 | $91,000 | $289,000 |
| 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 | 94 | $13,883,000 | $147,000 | $320,000 | $98,000 | $289,000 |
| Application Withdrawn By Applicant | 19 | $2,694,000 | $141,000 | $417,000 | $79,000 | $214,000 |
| Application Denied By Financial Institution | 18 | $2,140,000 | $118,000 | $350,000 | $80,000 | $261,000 |
| Preapproval Denied by Financial Institution | 4 | $444,000 | $111,000 | $143,000 | $66,000 | $134,000 |
| Preapproval Approved but not Accepted | 3 | $364,000 | $121,000 | $160,000 | $52,000 | $60,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 7 | $835,000 | $119,000 | $200,000 | $99,000 | $157,000 |
| Debt-To-Income Ratio | 7 | $647,000 | $92,000 | $131,000 | $40,000 | $71,000 |
| Credit History | 3 | $233,000 | $77,000 | $90,000 | $39,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $350,000 | $350,000 | $350,000 | $122,000 | $122,000 |
| Other | 1 | $143,000 | $143,000 | $143,000 | $65,000 | $65,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Member Power Services Group's 2011 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 Member Power Services Group'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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