Mortgage Enterprise, Ltd Mortgage Lending & HMDA Data, 2016
In 2016, Mortgage Enterprise, Ltd of Carle Place, NY reported 159 mortgage applications totaling $50.9 million, down 14% from 2015. The average application was for $320,213, and applicants reported an average income of $92,943. 45% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Nassau County-Suffolk County, NY (70), New York-Jersey City-White Plains, NY-NJ (46) and Montgomery County-Bucks County-Chester County, PA (12) (applications in parentheses).
| Mortgage Company & Address | Mortgage Enterprise, Ltd 393 Old Country Rd Suite 301 Carle Place, NY 11514 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 159 |
| Total Mortgage Loan Application Amount | $50,914,000 |
| Average Mortgage Loan Application Amount | $320,213 |
| Highest Mortgage Loan Application Amount | $815,000 |
| Average Applicant Income | $92,943 |
| Highest Applicant Income | $253,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Enterprise, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Nassau County-Suffolk County, NY | 70 | $ 22,384,000 | $ 319,771 | $ 100,000 |
| New York-Jersey City-White Plains, NY-NJ | 46 | $ 18,550,000 | $ 403,260 | $ 87,260 |
| Montgomery County-Bucks County-Chester County, PA | 12 | $ 2,551,000 | $ 212,583 | $ 109,000 |
| Camden, NJ | 5 | $ 1,107,000 | $ 221,400 | $ 96,000 |
| Newark, NJ-PA | 4 | $ 812,000 | $ 203,000 | $ 55,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 619,000 | $ 206,333 | $ 69,000 |
| Dutchess County-Putnam County, NY | 2 | $ 660,000 | $ 330,000 | $ 140,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 694,000 | $ 347,000 | $ 116,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 643,000 | $ 321,500 | $ 79,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 235,000 | $ 235,000 | $ 108,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 203,000 | $ 203,000 | $ 71,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 85,000 | $ 85,000 | $ 38,000 |
| Jacksonville, FL | 1 | $ 80,000 | $ 80,000 | $ 9,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 675,000 | $ 675,000 | $ 43,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 171,000 | $ 171,000 | $ 30,000 |
| Norwich-New London, CT | 1 | $ 123,000 | $ 123,000 | $ 37,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 255,000 | $ 255,000 | $ 74,000 |
| Philadelphia, PA | 1 | $ 147,000 | $ 147,000 | $ 55,000 |
| Punta Gorda, FL | 1 | $ 224,000 | $ 224,000 | $ 87,000 |
| Spokane-Spokane Valley, WA | 1 | $ 352,000 | $ 352,000 | $ 198,000 |
| Trenton, NJ | 1 | $ 290,000 | $ 290,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Mortgage Enterprise, Ltd in 2016
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 | 108 | $34,904,000 | $323,000 | $815,000 | $100,000 | $253,000 |
| Refinancing | 51 | $16,010,000 | $313,000 | $737,000 | $78,000 | $190,000 |
| 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 | 49 | $14,341,000 | $292,000 | $737,000 | $106,000 | $253,000 |
| Hispanic | 48 | $14,370,000 | $299,000 | $815,000 | $82,000 | $172,000 |
| Black or African American | 39 | $13,272,000 | $340,000 | $720,000 | $84,000 | $175,000 |
| Asian | 22 | $8,662,000 | $393,000 | $624,000 | $107,000 | $195,000 |
| Not Provided | 1 | $269,000 | $269,000 | $269,000 | $84,000 | $84,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 91 | $28,729,000 | $315,000 | $815,000 | $85,000 | $214,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 68 | $22,185,000 | $326,000 | $737,000 | $105,000 | $253,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 72 | $23,119,000 | $321,000 | $815,000 | $97,000 | $207,000 |
| Application Withdrawn By Applicant | 56 | $17,441,000 | $311,000 | $675,000 | $86,000 | $195,000 |
| Application Denied By Financial Institution | 24 | $8,111,000 | $337,000 | $737,000 | $93,000 | $253,000 |
| Application Approved But Not Accepted | 4 | $1,344,000 | $336,000 | $580,000 | $79,000 | $109,000 |
| File Closed For Incompleteness | 3 | $899,000 | $299,000 | $392,000 | $145,000 | $190,000 |
| 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 | 7 | $2,997,000 | $428,000 | $720,000 | $79,000 | $214,000 |
| Credit History | 5 | $1,503,000 | $300,000 | $417,000 | $77,000 | $100,000 |
| Other | 2 | $484,000 | $242,000 | $299,000 | $76,000 | $79,000 |
| Employment History | 1 | $246,000 | $246,000 | $246,000 | $63,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Enterprise, Ltd's 2016 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 Enterprise, Ltd'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 York, download the full spreadsheet
with aggregated HMDA statistics today.
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