Mlb Residential Lending, LLC Mortgage Lending & HMDA Data, 2017

In 2017, Mlb Residential Lending, LLC of Springfield, NJ reported 1,610 mortgage applications totaling $406.0 million. The average application was for $252,149, and applicants reported an average income of $83,928. 66% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Newark, NJ-PA (494), New York-Jersey City-White Plains, NY-NJ (441) and Orlando-Kissimmee-Sanford, FL (304) (applications in parentheses).

Mortgage Company & Address Mlb Residential Lending, LLC
51 Commerce St
Springfield, NJ 07081
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2015  
Total Number of Mortgage Applications 1,610
Total Mortgage Loan Application Amount $405,960,000
Average Mortgage Loan Application Amount $252,149
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $83,928
Highest Applicant Income $1,498,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mlb Residential Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mlb Residential Lending, LLC by County in 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Union, New Jersey 246 $ 61,675,000 $ 250,711 $ 88,000
Middlesex, New Jersey 155 $ 38,772,000 $ 250,141 $ 85,000
Essex, New Jersey 145 $ 34,650,000 $ 238,965 $ 80,000
Orange, Florida 140 $ 26,625,000 $ 190,178 $ 64,000
Osceola, Florida 130 $ 24,616,000 $ 189,353 $ 59,000
Suffolk, New York 63 $ 18,029,000 $ 286,174 $ 77,000
Somerset, New Jersey 60 $ 15,452,000 $ 257,533 $ 89,000
Richmond, New York 52 $ 20,758,000 $ 399,192 $ 110,000
Philadelphia, Pennsylvania 44 $ 7,756,000 $ 176,272 $ 63,000
Monmouth, New Jersey 42 $ 13,572,000 $ 323,142 $ 113,000
Passaic, New Jersey 41 $ 11,657,000 $ 284,317 $ 93,000
Queens, New York 34 $ 16,726,000 $ 491,941 $ 121,000
Polk, Florida 32 $ 5,269,000 $ 164,656 $ 48,000
Hudson, New Jersey 30 $ 10,105,000 $ 336,833 $ 118,000
Ocean, New Jersey 30 $ 6,272,000 $ 209,066 $ 75,000
Pinellas, Florida 27 $ 4,808,000 $ 178,074 $ 73,000
Nassau, New York 27 $ 9,933,000 $ 367,888 $ 113,000
Bergen, New Jersey 26 $ 9,134,000 $ 351,307 $ 115,000
Seminole, Florida 22 $ 4,403,000 $ 200,136 $ 70,000
Mercer, New Jersey 21 $ 4,073,000 $ 193,952 $ 92,000
Morris, New Jersey 20 $ 5,637,000 $ 281,850 $ 107,000
Kings, New York 16 $ 7,227,000 $ 451,687 $ 95,000
Burlington, New Jersey 15 $ 3,225,000 $ 215,000 $ 82,000
Hunterdon, New Jersey 13 $ 3,840,000 $ 295,384 $ 103,000
Lake, Florida 12 $ 2,439,000 $ 203,250 $ 92,000
Volusia, Florida 11 $ 1,456,000 $ 132,363 $ 37,000
Hillsborough, Florida 10 $ 2,487,000 $ 248,700 $ 97,000
Delaware, Pennsylvania 10 $ 1,712,000 $ 171,200 $ 57,000
Broward, Florida 9 $ 1,848,000 $ 205,333 $ 81,000
Camden, New Jersey 9 $ 1,554,000 $ 172,666 $ 69,000
Sussex, New Jersey 9 $ 2,503,000 $ 278,111 $ 112,000
Lee, Florida 8 $ 1,683,000 $ 210,375 $ 67,000
Monroe, Pennsylvania 8 $ 1,400,000 $ 175,000 $ 86,000
Bronx, New York 7 $ 3,402,000 $ 486,000 $ 103,000
Chester, Pennsylvania 7 $ 2,342,000 $ 334,571 $ 96,000
Miami-Dade, Florida 6 $ 1,831,000 $ 305,166 $ 102,000
Pasco, Florida 5 $ 927,000 $ 185,400 $ 84,000
Atlantic, New Jersey 5 $ 1,627,000 $ 325,400 $ 294,000
Westchester, New York 5 $ 2,177,000 $ 435,400 $ 167,000
Montgomery, Pennsylvania 5 $ 1,294,000 $ 258,800 $ 70,000
Cape May, New Jersey 4 $ 1,384,000 $ 346,000 $ 157,000
Northampton, Pennsylvania 4 $ 851,000 $ 212,750 $ 92,000
Brevard, Florida 3 $ 405,000 $ 135,000 $ 48,000
Duval, Florida 3 $ 470,000 $ 156,666 $ 48,000
Warren, New Jersey 3 $ 743,000 $ 247,666 $ 92,000
New Haven, Connecticut 2 $ 438,000 $ 219,000 $ 48,000
New Castle, Delaware 2 $ 400,000 $ 200,000 $ 45,000
Sussex, Delaware 2 $ 790,000 $ 395,000 $ 80,000
Marion, Florida 2 $ 241,000 $ 120,500 $ 37,000
Palm Beach, Florida 2 $ 356,000 $ 178,000 $ 87,000
Sarasota, Florida 2 $ 445,000 $ 222,500 $ 48,000
Gloucester, New Jersey 2 $ 604,000 $ 302,000 $ 114,000
Orange, New York 2 $ 262,000 $ 131,000 $ 51,000
Berks, Pennsylvania 2 $ 456,000 $ 228,000 $ 84,000
Bucks, Pennsylvania 2 $ 441,000 $ 220,500 $ 46,000
Collier, Florida 1 $ 163,000 $ 163,000 $ 29,000
Escambia, Florida 1 $ 136,000 $ 136,000 $ 76,000
Flagler, Florida 1 $ 163,000 $ 163,000 $ 140,000
Hernando, Florida 1 $ 117,000 $ 117,000 $ 22,000
Highlands, Florida 1 $ 169,000 $ 169,000 $ 65,000
Manatee, Florida 1 $ 85,000 $ 85,000 $ 53,000
Nassau, Florida 1 $ 157,000 $ 157,000 $ 46,000
Santa Rosa, Florida 1 $ 104,000 $ 104,000 $ 81,000
Dutchess, New York 1 $ 108,000 $ 108,000 $ 40,000
Greene, New York 1 $ 280,000 $ 280,000 $ 74,000
New York, New York 1 $ 417,000 $ 417,000 $ 453,000
Putnam, New York 1 $ 290,000 $ 290,000 $ 84,000
Allegheny, Pennsylvania 1 $ 151,000 $ 151,000 $ 28,000
Beaver, Pennsylvania 1 $ 127,000 $ 127,000 $ 35,000
Lawrence, Pennsylvania 1 $ 210,000 $ 210,000 $ 40,000
Pike, Pennsylvania 1 $ 101,000 $ 101,000 $ 98,000

Mortgage Loan Application Detail Totals for Mlb Residential Lending, LLC in 2017

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
Home Purchase 1,357 $336,424,000 $247,000 $1,500,000 $80,000 $828,000
Refinancing 253 $69,536,000 $274,000 $815,000 $105,000 $1,498,000
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
Hispanic 784 $182,236,000 $232,000 $815,000 $72,000 $296,000
White 429 $122,934,000 $286,000 $1,500,000 $107,000 $1,498,000
Black or African American 322 $79,354,000 $246,000 $816,000 $81,000 $428,000
Asian 49 $14,903,000 $304,000 $587,000 $88,000 $243,000
Not Provided 15 $3,572,000 $238,000 $626,000 $85,000 $209,000
Native Hawaiian or Other Pacific Islander 9 $2,234,000 $248,000 $546,000 $92,000 $206,000
Not applicable 1 $603,000 $603,000 $603,000 $141,000 $141,000
American Indian or Alaskan Native 1 $124,000 $124,000 $124,000 $47,000 $47,000

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
FHA-insured (Federal Housing Administration) 959 $234,961,000 $245,000 $733,000 $72,000 $252,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 621 $162,784,000 $262,000 $1,500,000 $103,000 $1,498,000
VA-guaranteed (Veterans Administration) 27 $7,656,000 $283,000 $815,000 $74,000 $158,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $559,000 $186,000 $212,000 $61,000 $87,000

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 1,065 $268,608,000 $252,000 $816,000 $82,000 $828,000
Application Withdrawn By Applicant 295 $72,229,000 $244,000 $815,000 $85,000 $669,000
File Closed For Incompleteness 163 $42,046,000 $257,000 $924,000 $89,000 $485,000
Application Denied By Financial Institution 86 $22,677,000 $263,000 $1,500,000 $98,000 $1,498,000
Application Approved But Not Accepted 1 $400,000 $400,000 $400,000 $111,000 $111,000
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
Debt-To-Income Ratio 23 $8,441,000 $367,000 $1,500,000 $92,000 $240,000
Other 15 $3,512,000 $234,000 $554,000 $170,000 $1,498,000
Collateral 14 $3,363,000 $240,000 $393,000 $97,000 $203,000
Credit History 11 $1,960,000 $178,000 $324,000 $75,000 $151,000
Unverifiable Information 9 $1,994,000 $221,000 $395,000 $79,000 $174,000
Insufficient Cash (Downpayment, Closing Cost) 9 $2,068,000 $229,000 $427,000 $64,000 $138,000
Employment History 4 $1,197,000 $299,000 $638,000 $60,000 $111,000
Credit Application Incomplete 1 $142,000 $142,000 $142,000 $68,000 $68,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mlb Residential Lending, LLC's 2017 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 Mlb Residential Lending, LLC'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 New Jersey, download the full spreadsheet with aggregated HMDA statistics today.

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