Mortgage Brokers Services, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Mortgage Brokers Services, Inc. of Renton, WA reported 647 mortgage applications totaling $204.2 million, down 56% from 2017. The average application was for $315,602, and applicants reported an average income of $109,500. 65% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (365), Tacoma-Lakewood, WA (134) and Bremerton-Silverdale, WA (29) (applications in parentheses).
| Mortgage Company & Address | Mortgage Brokers Services, Inc. 604 Oakesdale Avenue Sw #B-103 Renton, WA 98057 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 647 |
| Total Mortgage Loan Application Amount | $204,195,000 |
| Average Mortgage Loan Application Amount | $315,602 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $109,500 |
| Highest Applicant Income | $2,240,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Brokers Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 365 | $ 127,335,000 | $ 348,863 | $ 114,000 |
| Tacoma-Lakewood, WA | 134 | $ 36,730,000 | $ 274,104 | $ 94,000 |
| Bremerton-Silverdale, WA | 29 | $ 8,255,000 | $ 284,655 | $ 122,000 |
| Outside any metro area | 22 | $ 4,770,000 | $ 216,818 | $ 106,727 |
| Olympia-Tumwater, WA | 17 | $ 3,845,000 | $ 226,176 | $ 94,000 |
| Spokane-Spokane Valley, WA | 17 | $ 3,935,000 | $ 231,470 | $ 208,000 |
| Albuquerque, NM | 12 | $ 1,690,000 | $ 140,833 | $ 56,000 |
| Anaheim-Santa Ana-Irvine, CA | 12 | $ 4,640,000 | $ 386,666 | $ 104,000 |
| Mount Vernon-Anacortes, WA | 8 | $ 2,570,000 | $ 321,250 | $ 92,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 2,975,000 | $ 425,000 | $ 158,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 1,000,000 | $ 250,000 | $ 76,000 |
| Grants Pass, OR | 2 | $ 520,000 | $ 260,000 | $ 53,000 |
| Kennewick-Richland, WA | 2 | $ 510,000 | $ 255,000 | $ 99,000 |
| Lewiston, ID-WA | 2 | $ 300,000 | $ 150,000 | $ 138,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 2 | $ 670,000 | $ 335,000 | $ 69,000 |
| Yakima, WA | 2 | $ 480,000 | $ 240,000 | $ 56,000 |
| Bellingham, WA | 1 | $ 565,000 | $ 565,000 | $ 648,000 |
| Bend-Redmond, OR | 1 | $ 305,000 | $ 305,000 | $ 226,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 535,000 | $ 535,000 | $ 123,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 275,000 | $ 275,000 | $ 136,000 |
| Salinas, CA | 1 | $ 735,000 | $ 735,000 | $ 206,000 |
| San Diego-Carlsbad, CA | 1 | $ 405,000 | $ 405,000 | $ 90,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 265,000 | $ 265,000 | $ 47,000 |
| Santa Rosa, CA | 1 | $ 425,000 | $ 425,000 | $ 74,000 |
| Stockton-Lodi, CA | 1 | $ 265,000 | $ 265,000 | $ 51,000 |
| Walla Walla, WA | 1 | $ 195,000 | $ 195,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Mortgage Brokers Services, Inc. in 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 248 | $86,980,000 | $350,000 | $855,000 | $106,000 | $430,000 |
| Home Purchase | 227 | $75,865,000 | $334,000 | $1,085,000 | $127,000 | $2,240,000 |
| Other Purpose | 76 | $9,990,000 | $131,000 | $465,000 | $51,000 | $168,000 |
| Refinancing | 73 | $25,035,000 | $342,000 | $735,000 | $123,000 | $648,000 |
| Home Improvement | 23 | $6,325,000 | $275,000 | $465,000 | $125,000 | $310,000 |
| Not Applicable | 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 | 483 | $150,995,000 | $312,000 | $845,000 | $111,000 | $2,240,000 |
| Not Provided | 78 | $22,910,000 | $293,000 | $725,000 | $98,000 | $278,000 |
| Hispanic | 30 | $8,690,000 | $289,000 | $825,000 | $87,000 | $153,000 |
| Asian | 28 | $12,310,000 | $439,000 | $1,085,000 | $191,000 | $1,143,000 |
| Black or African American | 21 | $7,415,000 | $353,000 | $855,000 | $93,000 | $206,000 |
| American Indian or Alaskan Native | 5 | $1,385,000 | $277,000 | $375,000 | $67,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $490,000 | $245,000 | $435,000 | $88,000 | $161,000 |
| 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) | 409 | $136,295,000 | $333,000 | $1,085,000 | $124,000 | $2,240,000 |
| FHA-insured (Federal Housing Administration) | 160 | $38,280,000 | $239,000 | $665,000 | $76,000 | $217,000 |
| VA-guaranteed (Veterans Administration) | 77 | $29,435,000 | $382,000 | $855,000 | $105,000 | $286,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $185,000 | $185,000 | $185,000 | $52,000 | $52,000 |
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 | 421 | $131,225,000 | $311,000 | $855,000 | $113,000 | $2,240,000 |
| Application Withdrawn By Applicant | 129 | $41,815,000 | $324,000 | $1,085,000 | $106,000 | $326,000 |
| Application Denied By Financial Institution | 93 | $30,525,000 | $328,000 | $845,000 | $111,000 | $648,000 |
| File Closed For Incompleteness | 3 | $375,000 | $125,000 | $225,000 | $47,000 | $62,000 |
| Application Approved But Not Accepted | 1 | $255,000 | $255,000 | $255,000 | $120,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 554 | $173,670,000 | $313,000 | $1,085,000 | $111,000 | $2,240,000 |
| Credit Application Incomplete | 46 | $15,080,000 | $327,000 | $845,000 | $112,000 | $385,000 |
| Collateral | 12 | $4,200,000 | $350,000 | $605,000 | $201,000 | $648,000 |
| Other | 11 | $3,055,000 | $277,000 | $525,000 | $70,000 | $108,000 |
| Credit History | 11 | $3,035,000 | $275,000 | $415,000 | $90,000 | $138,000 |
| Debt-To-Income Ratio | 11 | $4,345,000 | $395,000 | $825,000 | $82,000 | $148,000 |
| Unverifiable Information | 2 | $810,000 | $405,000 | $575,000 | $110,000 | $160,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Brokers Services, Inc.'s 2018 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 Mortgage Brokers Services, 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.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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