Ntfn, Inc. Mortgage Lending & HMDA Data, 2023
In 2023, Ntfn, Inc. of Plano, TX reported 2,129 mortgage applications totaling $607.5 million, down 45% from 2022. The average application was for $285,347, and applicants reported an average income of $120,558. 59% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Charleston-North Charleston, SC (238), Columbia, SC (234) and Lake Charles, LA (188) (applications in parentheses).
| Mortgage Company & Address | Ntfn, Inc. 700 State Highway 121, Suite 100 Plano, TX 75067 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 2,129 |
| Total Mortgage Loan Application Amount | $607,505,000 |
| Average Mortgage Loan Application Amount | $285,347 |
| Highest Mortgage Loan Application Amount | $54,445,000 |
| Average Applicant Income | $120,558 |
| Highest Applicant Income | $5,742,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ntfn, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Ntfn, Inc. in 2023
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 | 1,969 | $515,115,000 | $261,000 | $2,755,000 | $116,000 | $5,742,000 |
| Cash-out Refinancing | 101 | $77,195,000 | $764,000 | $54,445,000 | $204,000 | $5,244,000 |
| Refinancing | 57 | $14,855,000 | $260,000 | $625,000 | $132,000 | $448,000 |
| Home Improvement | 2 | $340,000 | $170,000 | $235,000 | $68,000 | $68,000 |
| 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 | 1,217 | $324,285,000 | $266,000 | $2,755,000 | $125,000 | $5,244,000 |
| Black or African American | 301 | $64,705,000 | $214,000 | $695,000 | $86,000 | $764,000 |
| Hispanic | 295 | $78,825,000 | $267,000 | $1,055,000 | $123,000 | $5,742,000 |
| Not Provided | 240 | $116,460,000 | $485,000 | $54,445,000 | $129,000 | $2,664,000 |
| Asian | 54 | $17,320,000 | $320,000 | $725,000 | $144,000 | $448,000 |
| American Indian or Alaskan Native | 19 | $4,585,000 | $241,000 | $595,000 | $102,000 | $304,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,020,000 | $510,000 | $695,000 | $235,000 | $281,000 |
| 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) | 1,092 | $290,630,000 | $266,000 | $2,755,000 | $146,000 | $5,742,000 |
| FHA-insured (Federal Housing Administration) | 717 | $162,925,000 | $227,000 | $685,000 | $83,000 | $764,000 |
| VA-guaranteed (Veterans Administration) | 278 | $145,780,000 | $524,000 | $54,445,000 | $120,000 | $2,664,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 42 | $8,170,000 | $194,000 | $335,000 | $71,000 | $141,000 |
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 | 1,253 | $336,825,000 | $268,000 | $1,055,000 | $119,000 | $1,683,000 |
| Application Withdrawn By Applicant | 457 | $127,615,000 | $279,000 | $2,755,000 | $132,000 | $5,244,000 |
| Application Denied By Financial Institution | 357 | $123,905,000 | $347,000 | $54,445,000 | $104,000 | $5,742,000 |
| File Closed For Incompleteness | 53 | $17,205,000 | $324,000 | $2,005,000 | $157,000 | $720,000 |
| Application Approved But Not Accepted | 7 | $1,235,000 | $176,000 | $385,000 | $89,000 | $116,000 |
| Preapproval Approved but not Accepted | 2 | $720,000 | $360,000 | $455,000 | $110,000 | $155,000 |
| 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 | 1,772 | $483,600,000 | $272,000 | $2,755,000 | $123,000 | $5,244,000 |
| Credit History | 222 | $40,830,000 | $183,000 | $675,000 | $107,000 | $5,742,000 |
| Debt-To-Income Ratio | 76 | $71,010,000 | $934,000 | $54,445,000 | $100,000 | $2,664,000 |
| Other | 17 | $3,985,000 | $234,000 | $475,000 | $144,000 | $718,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $2,485,000 | $191,000 | $395,000 | $60,000 | $118,000 |
| Collateral | 13 | $2,265,000 | $174,000 | $305,000 | $78,000 | $111,000 |
| Unverifiable Information | 9 | $2,125,000 | $236,000 | $395,000 | $120,000 | $426,000 |
| Employment History | 5 | $1,025,000 | $205,000 | $285,000 | $63,000 | $109,000 |
| Credit Application Incomplete | 2 | $180,000 | $90,000 | $175,000 | $63,000 | $79,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ntfn, Inc.'s 2023 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 Ntfn, 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.
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