AllMortgageDetail - Mortgage Application Details

Movement Mortgage, Llc
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Movement Mortgage, Llc
841 Seahawk Circle
Virginia Beach, VA 23452
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 29,370
Total Mortgage Loan Application Amount $5,852,954,000
Average Mortgage Loan Application Amount $182,094
Highest Mortgage Loan Application Amount $2,500,000
Average Applicant Income $83,240
Highest Applicant Income $6,996,000

Mortgage Loan Application Detail Totals for Movement Mortgage, Llc in 2014

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 29,240 $5,684,689,000 $194,000 $2,500,000 $83,000 $6,996,000
Refinancing 3,235 $802,514,000 $248,000 $2,500,000 $104,000 $3,480,000
Home Improvement 52 $12,612,000 $242,000 $850,000 $94,000 $330,000

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 23,448 $4,731,660,000 $201,000 $2,500,000 $88,000 $6,996,000
Black or African American 3,206 $527,223,000 $164,000 $1,356,000 $65,000 $2,553,000
Hispanic 2,895 $544,054,000 $187,000 $1,440,000 $69,000 $1,755,000
Not Provided 1,543 $357,045,000 $231,000 $1,155,000 $96,000 $1,032,000
Asian 1,247 $300,638,000 $241,000 $2,000,000 $98,000 $2,928,000
Native Hawaiin or Other Pacific Islander 108 $23,775,000 $220,000 $975,000 $84,000 $360,000
American Indian or Alaskan Native 80 $15,420,000 $192,000 $1,810,000 $72,000 $400,000
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) 17,617 $3,765,226,000 $213,000 $2,500,000 $103,000 $6,996,000
FHA-insured (Federal Housing Administration) 8,985 $1,530,733,000 $170,000 $726,000 $61,000 $884,000
VA-guaranteed (Veterans Administration) 4,064 $931,368,000 $229,000 $935,000 $76,000 $722,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,861 $272,488,000 $146,000 $485,000 $47,000 $116,000

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 21,967 $4,322,769,000 $196,000 $2,000,000 $84,000 $2,811,000
Application Withdrawn By Applicant 2,392 $509,849,000 $213,000 $2,500,000 $105,000 $3,480,000
Application Approved But Not Accepted 2,384 $481,671,000 $202,000 $1,200,000 $91,000 $6,996,000
Application Denied By Financial Institution 2,182 $430,134,000 $197,000 $1,840,000 $80,000 $6,996,000
Preapproval Approved but not Accepted 1,867 $405,124,000 $216,000 $1,655,000 $78,000 $1,110,000
Preapproval Denied by Financial Institution 1,290 $241,737,000 $187,000 $2,500,000 $63,000 $4,195,000
File Closed For Incompleteness 445 $108,531,000 $243,000 $1,356,000 $108,000 $1,560,000
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
Debt-To-Income Ratio 550 $110,325,000 $200,000 $1,840,000 $62,000 $1,344,000
Credit History 359 $74,189,000 $206,000 $1,400,000 $78,000 $476,000
Other 343 $71,360,000 $208,000 $1,155,000 $89,000 $844,000
Collateral 286 $50,789,000 $177,000 $688,000 $87,000 $769,000
Credit Application Incomplete 286 $70,473,000 $246,000 $1,425,000 $126,000 $6,996,000
Insufficient Cash (Downpayment, Closing Cost) 220 $34,595,000 $157,000 $673,000 $59,000 $303,000
Unverifiable Information 74 $13,390,000 $180,000 $417,000 $68,000 $547,000
Employment History 32 $5,929,000 $185,000 $953,000 $57,000 $225,000
Mortgage Insurance Denied 4 $1,177,000 $294,000 $424,000 $85,000 $121,000