D.W. Brown Mortgage Corp. Mortgage Lending & HMDA Data, 2019

In 2019, D.W. Brown Mortgage Corp. of Edwardsville, IL reported 146 mortgage applications totaling $24.8 million, down 36% from 2018. The average application was for $169,794, and applicants reported an average income of $79,253. 83% of its applications resulted in an originated loan and 1% were denied. Its largest markets were St. Louis, MO-IL (145) and Chicago-Naperville, IL (1).

Mortgage Company & Address D.W. Brown Mortgage Corp.
2205b South State Route 157
Edwardsville, IL 62025
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 146
Total Mortgage Loan Application Amount $24,790,000
Average Mortgage Loan Application Amount $169,794
Highest Mortgage Loan Application Amount $485,000
Average Applicant Income $79,253
Highest Applicant Income $249,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records D.W. Brown Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 D.W. Brown Mortgage Corp. in 2019

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 135 $22,755,000 $168,000 $485,000 $82,000 $249,000
Refinancing 10 $1,910,000 $191,000 $365,000 $46,000 $180,000
Cash-out Refinancing 1 $125,000 $125,000 $125,000 $41,000 $41,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 124 $21,160,000 $170,000 $485,000 $80,000 $249,000
Black or African American 10 $1,810,000 $181,000 $315,000 $72,000 $188,000
Hispanic 8 $1,010,000 $126,000 $195,000 $76,000 $127,000
Asian 3 $525,000 $175,000 $225,000 $74,000 $111,000
Native Hawaiian or Other Pacific Islander 1 $285,000 $285,000 $285,000 $84,000 $84,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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
VA-guaranteed (Veterans Administration) 50 $10,610,000 $212,000 $385,000 $82,000 $249,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 49 $7,675,000 $156,000 $485,000 $92,000 $240,000
FHA-insured (Federal Housing Administration) 41 $5,735,000 $139,000 $315,000 $62,000 $188,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $770,000 $128,000 $165,000 $62,000 $80,000

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 121 $20,855,000 $172,000 $485,000 $81,000 $249,000
Application Withdrawn By Applicant 23 $3,715,000 $161,000 $325,000 $69,000 $188,000
Application Denied By Financial Institution 2 $220,000 $110,000 $155,000 $63,000 $89,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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 144 $24,570,000 $170,000 $485,000 $79,000 $249,000
Unverifiable Information 1 $65,000 $65,000 $65,000 $38,000 $38,000
Collateral 1 $155,000 $155,000 $155,000 $89,000 $89,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into D.W. Brown Mortgage Corp.'s 2019 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 D.W. Brown Mortgage Corp.'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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