Mortgage Investors Group Mortgage Lending & HMDA Data, 2022

In 2022, Mortgage Investors Group of Nashville, TN reported 10,410 mortgage applications totaling $2.8 billion, down 42% from 2021. The average application was for $270,554, and applicants reported an average income of $101,510. 70% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Knoxville, TN (3,871), Nashville-Davidson--Murfreesboro--Franklin, TN (779) and Memphis, TN-MS-AR (649) (applications in parentheses).

Mortgage Company & Address Mortgage Investors Group
501 James Robertson Parkway
Nashville, TN 37219
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 10,410
Total Mortgage Loan Application Amount $2,816,470,000
Average Mortgage Loan Application Amount $270,554
Highest Mortgage Loan Application Amount $2,005,000
Average Applicant Income $101,510
Highest Applicant Income $3,065,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Investors Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mortgage Investors Group in 2022

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 8,400 $2,316,390,000 $275,000 $1,985,000 $101,000 $1,548,000
Refinancing 853 $223,265,000 $261,000 $1,925,000 $107,000 $1,200,000
Cash-out Refinancing 736 $182,210,000 $247,000 $2,005,000 $102,000 $3,065,000
Home Improvement 231 $54,405,000 $235,000 $1,005,000 $97,000 $365,000
Other Purpose 190 $40,200,000 $211,000 $975,000 $103,000 $482,000
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 7,906 $2,128,870,000 $269,000 $1,985,000 $103,000 $1,454,000
Not Provided 1,246 $349,830,000 $280,000 $1,725,000 $106,000 $1,548,000
Hispanic 480 $125,640,000 $261,000 $2,005,000 $81,000 $578,000
Black or African American 469 $113,375,000 $241,000 $1,005,000 $81,000 $450,000
Asian 190 $65,050,000 $342,000 $795,000 $141,000 $3,065,000
American Indian or Alaskan Native 79 $21,555,000 $272,000 $1,045,000 $94,000 $402,000
Native Hawaiian or Other Pacific Islander 12 $2,600,000 $216,000 $425,000 $72,000 $229,000
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) 7,294 $2,082,970,000 $285,000 $2,005,000 $116,000 $3,065,000
FHA-insured (Federal Housing Administration) 1,948 $423,830,000 $217,000 $685,000 $65,000 $348,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 594 $110,950,000 $186,000 $425,000 $58,000 $126,000
VA-guaranteed (Veterans Administration) 574 $198,720,000 $346,000 $1,535,000 $94,000 $417,000

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 7,295 $1,982,235,000 $271,000 $1,725,000 $103,000 $3,065,000
Application Withdrawn By Applicant 1,861 $512,985,000 $275,000 $2,005,000 $106,000 $1,548,000
Application Denied By Financial Institution 619 $156,035,000 $252,000 $1,925,000 $81,000 $969,000
Application Approved But Not Accepted 524 $137,110,000 $261,000 $1,455,000 $99,000 $540,000
File Closed For Incompleteness 110 $27,900,000 $253,000 $685,000 $96,000 $339,000
Preapproval Approved but not Accepted 1 $205,000 $205,000 $205,000 $52,000 $52,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 9,791 $2,660,435,000 $271,000 $2,005,000 $103,000 $3,065,000
Debt-To-Income Ratio 173 $51,135,000 $295,000 $1,925,000 $69,000 $360,000
Collateral 146 $37,780,000 $258,000 $1,435,000 $96,000 $969,000
Credit History 105 $20,895,000 $199,000 $795,000 $79,000 $720,000
Insufficient Cash (Downpayment, Closing Cost) 80 $21,990,000 $274,000 $1,445,000 $94,000 $780,000
Other 52 $10,610,000 $204,000 $815,000 $77,000 $384,000
Employment History 38 $7,660,000 $201,000 $455,000 $65,000 $418,000
Unverifiable Information 25 $5,965,000 $238,000 $525,000 $69,000 $155,000
Mortgage Insurance Denied 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 Investors Group's 2022 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 Investors 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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