Midwest Loan Solutions, Inc. Mortgage Lending & HMDA Data, 2012

In 2012, Midwest Loan Solutions, Inc. of Southfield, MI reported 807 mortgage applications totaling $117.1 million, up 25% from 2011. The average application was for $145,106, and applicants reported an average income of $83,992. 53% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Pittsburgh, PA (234), State College, PA (34) and Warren-Troy-Farmington Hills, MI (31) (applications in parentheses).

Mortgage Company & Address Midwest Loan Solutions, Inc.
29777 Telegraph Rd. Suite 3580
Southfield, MI 48034
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 807
Total Mortgage Loan Application Amount $117,101,000
Average Mortgage Loan Application Amount $145,106
Highest Mortgage Loan Application Amount $519,000
Average Applicant Income $83,992
Highest Applicant Income $558,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwest Loan Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Midwest Loan Solutions, Inc. by County in 2012

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Allegheny, Pennsylvania 116 $ 13,317,000 $ 114,801 $ 73,000
Beaver, Pennsylvania 65 $ 7,052,000 $ 108,492 $ 73,000
Houghton, Michigan 57 $ 6,468,000 $ 113,473 $ 75,000
Marquette, Michigan 46 $ 5,827,000 $ 126,673 $ 68,000
Centre, Pennsylvania 34 $ 4,887,000 $ 143,735 $ 93,000
Washington, Pennsylvania 25 $ 2,336,000 $ 93,440 $ 72,000
Oakland, Michigan 19 $ 3,660,000 $ 192,631 $ 126,000
Westmoreland, Pennsylvania 18 $ 1,615,000 $ 89,722 $ 60,000
Kent, Delaware 15 $ 1,846,000 $ 123,066 $ 118,000
Solano, California 14 $ 2,681,000 $ 191,500 $ 110,000
Mecklenburg, North Carolina 12 $ 1,562,000 $ 130,166 $ 64,000
Baraga, Michigan 11 $ 862,000 $ 78,363 $ 54,000
Delaware, Pennsylvania 11 $ 1,817,000 $ 165,181 $ 76,000
Wayne, Michigan 10 $ 1,537,000 $ 153,700 $ 74,000
Huntingdon, Pennsylvania 10 $ 1,407,000 $ 140,700 $ 69,000
Philadelphia, Pennsylvania 10 $ 1,516,000 $ 151,600 $ 80,000
Butler, Pennsylvania 9 $ 1,208,000 $ 134,222 $ 91,000
Broward, Florida 8 $ 1,440,000 $ 180,000 $ 80,000
Jefferson, Louisiana 7 $ 789,000 $ 112,714 $ 70,000
Livingston, Michigan 7 $ 1,376,000 $ 196,571 $ 93,000
York, South Carolina 7 $ 1,116,000 $ 159,428 $ 80,000
San Diego, California 6 $ 1,992,000 $ 332,000 $ 124,000
New Castle, Delaware 6 $ 940,000 $ 156,666 $ 59,000
Somerset, Pennsylvania 6 $ 450,000 $ 75,000 $ 58,000
Loudoun, Virginia 6 $ 1,405,000 $ 234,166 $ 122,000
Newport News, Virginia 6 $ 1,124,000 $ 187,333 $ 80,000
Sussex, Delaware 5 $ 605,000 $ 121,000 $ 61,000
Prince George's, Maryland 5 $ 1,205,000 $ 241,000 $ 90,000
Washtenaw, Michigan 5 $ 1,189,000 $ 237,800 $ 146,000
Camden, New Jersey 5 $ 854,000 $ 170,800 $ 82,000
Prince William, Virginia 5 $ 1,152,000 $ 230,400 $ 110,000
Los Angeles, California 4 $ 836,000 $ 209,000 $ 79,000
Honolulu, Hawaii 4 $ 1,356,000 $ 339,000 $ 69,000
Burlington, New Jersey 4 $ 785,000 $ 196,250 $ 87,000
Monmouth, New Jersey 4 $ 1,117,000 $ 279,250 $ 163,000
Ocean, New Jersey 4 $ 605,000 $ 151,250 $ 80,000
Fairfax, Virginia 4 $ 975,000 $ 243,750 $ 135,000
Palm Beach, Florida 3 $ 446,000 $ 148,666 $ 80,000
St. Tammany, Louisiana 3 $ 301,000 $ 100,333 $ 56,000
Ingham, Michigan 3 $ 577,000 $ 192,333 $ 133,000
Keweenaw, Michigan 3 $ 339,000 $ 113,000 $ 58,000
Gaston, North Carolina 3 $ 301,000 $ 100,333 $ 71,000
Cambria, Pennsylvania 3 $ 287,000 $ 95,666 $ 63,000
Luzerne, Pennsylvania 3 $ 292,000 $ 97,333 $ 35,000
Montgomery, Pennsylvania 3 $ 560,000 $ 186,666 $ 90,000
Horry, South Carolina 3 $ 284,000 $ 94,666 $ 98,000
Henrico, Virginia 3 $ 601,000 $ 200,333 $ 102,000
Contra Costa, California 2 $ 658,000 $ 329,000 $ 188,000
Duval, Florida 2 $ 194,000 $ 97,000 $ 74,000
Pinellas, Florida 2 $ 236,000 $ 118,000 $ 53,000
St. Johns, Florida 2 $ 324,000 $ 162,000 $ 109,000
Cook, Illinois 2 $ 457,000 $ 228,500 $ 251,000
Will, Illinois 2 $ 274,000 $ 137,000 $ 87,000
Baltimore, Maryland 2 $ 453,000 $ 226,500 $ 133,000
Worcester, Maryland 2 $ 333,000 $ 166,500 $ 163,000
Alpena, Michigan 2 $ 189,000 $ 94,500 $ 63,000
Kalamazoo, Michigan 2 $ 234,000 $ 117,000 $ 101,000
Lapeer, Michigan 2 $ 313,000 $ 156,500 $ 86,000
St. Clair, Michigan 2 $ 256,000 $ 128,000 $ 52,000
Essex, New Jersey 2 $ 183,000 $ 91,500 $ 81,000
Middlesex, New Jersey 2 $ 464,000 $ 232,000 $ 103,000
Union, New Jersey 2 $ 401,000 $ 200,500 $ 91,000
Warren, New Jersey 2 $ 478,000 $ 239,000 $ 107,000
Nassau, New York 2 $ 558,000 $ 279,000 $ 113,000
Queens, New York 2 $ 816,000 $ 408,000 $ 104,000
Forsyth, North Carolina 2 $ 90,000 $ 45,000 $ 45,000
Lucas, Ohio 2 $ 736,000 $ 368,000 $ 422,000
Montgomery, Ohio 2 $ 207,000 $ 103,500 $ 91,000
Bucks, Pennsylvania 2 $ 543,000 $ 271,500 $ 142,000
Chester, Pennsylvania 2 $ 539,000 $ 269,500 $ 124,000
Clearfield, Pennsylvania 2 $ 194,000 $ 97,000 $ 90,000
Lawrence, Pennsylvania 2 $ 172,000 $ 86,000 $ 46,000
Mercer, Pennsylvania 2 $ 316,000 $ 158,000 $ 105,000
Knox, Tennessee 2 $ 123,000 $ 61,500 $ 65,000
Chesterfield, Virginia 2 $ 362,000 $ 181,000 $ 113,000
Dinwiddie, Virginia 2 $ 268,000 $ 134,000 $ 59,000
James City, Virginia 2 $ 533,000 $ 266,500 $ 79,000
Marinette, Wisconsin 2 $ 113,000 $ 56,500 $ 29,000
Crittenden, Arkansas 1 $ 93,000 $ 93,000 $ 41,000
Amador, California 1 $ 196,000 $ 196,000 $ 97,000
Fresno, California 1 $ 216,000 $ 216,000 $ 116,000
Placer, California 1 $ 178,000 $ 178,000 $ 44,000
Riverside, California 1 $ 220,000 $ 220,000 $ 79,000
Sacramento, California 1 $ 180,000 $ 180,000 $ 95,000
San Bernardino, California 1 $ 94,000 $ 94,000 $ 70,000
Tuolumne, California 1 $ 55,000 $ 55,000 $ 158,000
Ventura, California 1 $ 175,000 $ 175,000 $ 44,000
Denver, Colorado 1 $ 223,000 $ 223,000 $ 73,000
Jefferson, Colorado 1 $ 252,000 $ 252,000 $ 62,000
Pueblo, Colorado 1 $ 90,000 $ 90,000 $ 93,000
New Haven, Connecticut 1 $ 178,000 $ 178,000 $ 89,000
New London, Connecticut 1 $ 328,000 $ 328,000 $ 154,000
Brevard, Florida 1 $ 230,000 $ 230,000 $ 69,000
Collier, Florida 1 $ 43,000 $ 43,000 $ 59,000
Escambia, Florida 1 $ 267,000 $ 267,000 $ 80,000
Hernando, Florida 1 $ 154,000 $ 154,000 $ 124,000
Hillsborough, Florida 1 $ 247,000 $ 247,000 $ 289,000
Lake, Florida 1 $ 133,000 $ 133,000 $ 102,000
Manatee, Florida 1 $ 327,000 $ 327,000 $ 144,000
Martin, Florida 1 $ 140,000 $ 140,000 $ 175,000
Okaloosa, Florida 1 $ 114,000 $ 114,000 $ 70,000
Orange, Florida 1 $ 300,000 $ 300,000 $ 151,000
Osceola, Florida 1 $ 81,000 $ 81,000 $ 44,000
Sarasota, Florida 1 $ 86,000 $ 86,000 $ 35,000
Seminole, Florida 1 $ 160,000 $ 160,000 $ 80,000
Volusia, Florida 1 $ 131,000 $ 131,000 $ 65,000
Bannock, Idaho 1 $ 229,000 $ 229,000 $ 58,000
McHenry, Illinois 1 $ 200,000 $ 200,000 $ 84,000
Putnam, Indiana 1 $ 90,000 $ 90,000 $ 32,000
Orleans, Louisiana 1 $ 100,000 $ 100,000 $ 69,000
Tangipahoa, Louisiana 1 $ 64,000 $ 64,000 $ 39,000
Knox, Maine 1 $ 154,000 $ 154,000 $ 87,000
Sagadahoc, Maine 1 $ 167,000 $ 167,000 $ 92,000
Anne Arundel, Maryland 1 $ 162,000 $ 162,000 $ 58,000
Caroline, Maryland 1 $ 38,000 $ 38,000 $ 34,000
Cecil, Maryland 1 $ 102,000 $ 102,000 $ 131,000
Charles, Maryland 1 $ 457,000 $ 457,000 $ 111,000
Frederick, Maryland 1 $ 104,000 $ 104,000 $ 63,000
Howard, Maryland 1 $ 198,000 $ 198,000 $ 120,000
Kent, Maryland 1 $ 133,000 $ 133,000 $ 83,000
Montgomery, Maryland 1 $ 105,000 $ 105,000 $ 45,000
Benzie, Michigan 1 $ 69,000 $ 69,000 $ 24,000
Cass, Michigan 1 $ 50,000 $ 50,000 $ 50,000
Dickinson, Michigan 1 $ 126,000 $ 126,000 $ 47,000
Kalkaska, Michigan 1 $ 168,000 $ 168,000 $ 120,000
Kent, Michigan 1 $ 250,000 $ 250,000 $ 70,000
Leelanau, Michigan 1 $ 240,000 $ 240,000 $ 316,000
Macomb, Michigan 1 $ 99,000 $ 99,000 $ 64,000
Shiawassee, Michigan 1 $ 110,000 $ 110,000 $ 36,000
Van Buren, Michigan 1 $ 32,000 $ 32,000 $ 25,000
St. Louis, Minnesota 1 $ 152,000 $ 152,000 $ 49,000
Hinds, Mississippi 1 $ 185,000 $ 185,000 $ 81,000
Clark, Nevada 1 $ 220,000 $ 220,000 $ 169,000
Grafton, New Hampshire 1 $ 245,000 $ 245,000 $ 157,000
Hillsborough, New Hampshire 1 $ 184,000 $ 184,000 $ 164,000
Bergen, New Jersey 1 $ 67,000 $ 67,000 $ 41,000
Mercer, New Jersey 1 $ 200,000 $ 200,000 $ 120,000
Salem, New Jersey 1 $ 159,000 $ 159,000 $ 170,000
Somerset, New Jersey 1 $ 178,000 $ 178,000 $ 110,000
Dutchess, New York 1 $ 274,000 $ 274,000 $ 80,000
Madison, New York 1 $ 174,000 $ 174,000 $ 79,000
Richmond, New York 1 $ 340,000 $ 340,000 $ 99,000
Westchester, New York 1 $ 332,000 $ 332,000 $ 215,000
Cabarrus, North Carolina 1 $ 152,000 $ 152,000 $ 89,000
Dare, North Carolina 1 $ 380,000 $ 380,000 $ 230,000
Davie, North Carolina 1 $ 106,000 $ 106,000 $ 78,000
Durham, North Carolina 1 $ 116,000 $ 116,000 $ 47,000
Johnston, North Carolina 1 $ 112,000 $ 112,000 $ 108,000
Swain, North Carolina 1 $ 168,000 $ 168,000 $ 111,000
Union, North Carolina 1 $ 102,000 $ 102,000 $ 38,000
Cuyahoga, Ohio 1 $ 74,000 $ 74,000 $ 20,000
Fairfield, Ohio 1 $ 224,000 $ 224,000 $ 158,000
Summit, Ohio 1 $ 258,000 $ 258,000 $ 160,000
Union, Ohio 1 $ 71,000 $ 71,000 $ 222,000
Armstrong, Pennsylvania 1 $ 200,000 $ 200,000 $ 239,000
Berks, Pennsylvania 1 $ 256,000 $ 256,000 $ 115,000
Blair, Pennsylvania 1 $ 169,000 $ 169,000 $ 113,000
Clinton, Pennsylvania 1 $ 82,000 $ 82,000 $ 57,000
Crawford, Pennsylvania 1 $ 63,000 $ 63,000 $ 68,000
Dauphin, Pennsylvania 1 $ 105,000 $ 105,000 $ 45,000
Indiana, Pennsylvania 1 $ 38,000 $ 38,000 $ 21,000
Lehigh, Pennsylvania 1 $ 60,000 $ 60,000 $ 31,000
Lycoming, Pennsylvania 1 $ 85,000 $ 85,000 $ 69,000
Mifflin, Pennsylvania 1 $ 115,000 $ 115,000 $ 61,000
Northampton, Pennsylvania 1 $ 211,000 $ 211,000 $ 61,000
York, Pennsylvania 1 $ 111,000 $ 111,000 $ 91,000
Lexington, South Carolina 1 $ 275,000 $ 275,000 $ 30,000
Shelby, Tennessee 1 $ 208,000 $ 208,000 $ 57,000
Accomack, Virginia 1 $ 142,000 $ 142,000 $ 148,000
Alexandria, Virginia 1 $ 275,000 $ 275,000 $ 96,000
Colonial Heights, Virginia 1 $ 175,000 $ 175,000 $ 130,000
Fauquier, Virginia 1 $ 252,000 $ 252,000 $ 83,000
Hampton, Virginia 1 $ 80,000 $ 80,000 $ 107,000
Orange, Virginia 1 $ 215,000 $ 215,000 $ 108,000
Prince George, Virginia 1 $ 199,000 $ 199,000 $ 80,000
Virginia Beach, Virginia 1 $ 378,000 $ 378,000 $ 187,000
Kitsap, Washington 1 $ 356,000 $ 356,000 $ 75,000
Hancock, West Virginia 1 $ 56,000 $ 56,000 $ 47,000
Brown, Wisconsin 1 $ 160,000 $ 160,000 $ 110,000

Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. in 2012

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 561 $86,619,000 $154,000 $519,000 $87,000 $558,000
Home Purchase 211 $26,434,000 $125,000 $403,000 $75,000 $228,000
Home Improvement 35 $4,048,000 $115,000 $252,000 $90,000 $239,000

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 595 $82,481,000 $138,000 $417,000 $83,000 $484,000
Not Provided 135 $19,556,000 $144,000 $489,000 $86,000 $558,000
Black or African American 52 $8,914,000 $171,000 $360,000 $83,000 $169,000
Asian 14 $3,571,000 $255,000 $417,000 $99,000 $215,000
Hispanic 8 $2,268,000 $283,000 $519,000 $115,000 $275,000
Native Hawaiian or Other Pacific Islander 2 $121,000 $60,000 $68,000 $49,000 $65,000
American Indian or Alaskan Native 1 $190,000 $190,000 $190,000 $126,000 $126,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 807 $117,101,000 $145,000 $519,000 $84,000 $558,000
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 426 $59,126,000 $138,000 $417,000 $84,000 $314,000
Application Denied By Financial Institution 184 $26,343,000 $143,000 $489,000 $73,000 $558,000
Application Withdrawn By Applicant 107 $16,980,000 $158,000 $417,000 $99,000 $484,000
Application Approved But Not Accepted 47 $6,853,000 $145,000 $519,000 $101,000 $348,000
File Closed For Incompleteness 22 $4,346,000 $197,000 $399,000 $81,000 $144,000
Preapproval Denied by Financial Institution 21 $3,453,000 $164,000 $330,000 $78,000 $176,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 11 $2,181,000 $198,000 $457,000 $83,000 $176,000
Debt-To-Income Ratio 7 $961,000 $137,000 $380,000 $72,000 $230,000
Collateral 6 $759,000 $126,000 $259,000 $74,000 $109,000
Other 3 $506,000 $168,000 $187,000 $74,000 $113,000
Insufficient Cash (Downpayment, Closing Cost) 2 $155,000 $77,000 $130,000 $73,000 $95,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 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 Midwest Loan Solutions, Inc.'s 2012 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 Midwest Loan Solutions, 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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