Omni National Bank Mortgage Lending & HMDA Data, 2005
In 2005, Omni National Bank of Atlanta, GA reported 130 mortgage applications totaling $12.6 million, down 54% from 2004. The average application was for $96,538, and applicants reported an average income of $215,984. 25% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Dalton, GA (64), Greensboro-High Point, NC (20) and Fayetteville, NC (10) (applications in parentheses).
| Mortgage Company & Address | Omni National Bank 6 Concourse Parkway Atlanta, GA 30328 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 130 |
| Total Mortgage Loan Application Amount | $12,550,000 |
| Average Mortgage Loan Application Amount | $96,538 |
| Highest Mortgage Loan Application Amount | $686,000 |
| Average Applicant Income | $215,984 |
| Highest Applicant Income | $2,900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Omni National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Whitfield, Georgia | 45 | $ 4,418,000 | $ 98,177 | $ 32,000 |
| Murray, Georgia | 19 | $ 1,739,000 | $ 91,526 | $ 40,000 |
| Guilford, North Carolina | 17 | $ 669,000 | $ 39,352 | $ 1,264,000 |
| Gordon, Georgia | 10 | $ 941,000 | $ 94,100 | $ 59,000 |
| Cumberland, North Carolina | 9 | $ 515,000 | $ 57,222 | $ 95,000 |
| Randolph, North Carolina | 3 | $ 90,000 | $ 30,000 | $ 982,000 |
| Catoosa, Georgia | 2 | $ 248,000 | $ 124,000 | $ 56,000 |
| DeKalb, Georgia | 2 | $ 569,000 | $ 284,500 | $ 88,000 |
| Douglas, Georgia | 2 | $ 207,000 | $ 103,500 | $ 118,000 |
| Fulton, Georgia | 2 | $ 790,000 | $ 395,000 | $ 161,000 |
| Moore, North Carolina | 2 | $ 64,000 | $ 32,000 | $ 57,000 |
| St. Clair, Alabama | 1 | $ 146,000 | $ 146,000 | $ 90,000 |
| Walker, Alabama | 1 | $ 44,000 | $ 44,000 | $ 63,000 |
| Hillsborough, Florida | 1 | $ 78,000 | $ 78,000 | $ 40,000 |
| Bartow, Georgia | 1 | $ 228,000 | $ 228,000 | $ 124,000 |
| Chattooga, Georgia | 1 | $ 77,000 | $ 77,000 | $ 38,000 |
| Fannin, Georgia | 1 | $ 338,000 | $ 338,000 | $ 330,000 |
| Floyd, Georgia | 1 | $ 198,000 | $ 198,000 | $ 72,000 |
| Gwinnett, Georgia | 1 | $ 120,000 | $ 120,000 | $ 28,000 |
| Newton, Georgia | 1 | $ 287,000 | $ 287,000 | $ 150,000 |
| Polk, Georgia | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
| Walker, Georgia | 1 | $ 92,000 | $ 92,000 | $ 29,000 |
| Jefferson, Louisiana | 1 | $ 90,000 | $ 90,000 | $ 48,000 |
| Monroe, Michigan | 1 | $ 182,000 | $ 182,000 | $ 38,000 |
| Suffolk, New York | 1 | $ 103,000 | $ 103,000 | $ 35,000 |
| Catawba, North Carolina | 1 | $ 126,000 | $ 126,000 | $ 26,000 |
| Harnett, North Carolina | 1 | $ 55,000 | $ 55,000 | $ 109,000 |
| Hoke, North Carolina | 1 | $ 36,000 | $ 36,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Omni National Bank in 2005
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 | 111 | $9,739,000 | $98,428 | $228,000 | $172,857 | $2,900,000 |
| Refinancing | 17 | $2,696,000 | $152,000 | $686,000 | $98,000 | $330,000 |
| Home Improvement | 2 | $115,000 | $57,000 | $100,000 | $23,000 | $47,000 |
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 | 70 | $7,562,000 | $86,750 | $686,000 | $311,250 | $2,900,000 |
| Hispanic | 32 | $3,495,000 | $101,000 | $287,000 | $41,000 | $150,000 |
| Not applicable | 12 | $426,000 | $35,000 | $55,000 | $1,009,000 | $2,900,000 |
| Black or African American | 11 | $672,000 | $100,666 | $182,000 | $42,333 | $106,000 |
| Not Provided | 3 | $190,000 | $63,000 | $120,000 | $66,000 | $200,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $26,000 | $26,000 |
| Asian | 1 | $130,000 | $130,000 | $130,000 | $36,000 | $36,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 82 | $7,773,000 | $80,600 | $686,000 | $136,600 | $2,900,000 |
| FHA-insured (Federal Housing Administration) | 48 | $4,777,000 | $128,500 | $228,000 | $53,750 | $124,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 50 | $4,673,000 | $79,000 | $228,000 | $47,500 | $200,000 |
| Loan Originated | 33 | $2,996,000 | $183,500 | $686,000 | $449,500 | $2,900,000 |
| File Closed For Incompleteness | 26 | $2,754,000 | $110,333 | $198,000 | $49,000 | $79,000 |
| Application Withdrawn By Applicant | 21 | $2,127,000 | $114,500 | $157,000 | $52,250 | $222,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 29 | $2,655,000 | $74,500 | $228,000 | $50,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $572,000 | $95,000 | $154,000 | $33,000 | $48,000 |
| Debt-To-Income Ratio | 5 | $558,000 | $103,500 | $136,000 | $43,500 | $68,000 |
| Collateral | 4 | $322,000 | $79,500 | $104,000 | $75,000 | $192,000 |
| Employment History | 2 | $211,000 | $105,000 | $127,000 | $34,000 | $47,000 |
| Unverifiable Information | 2 | $191,000 | $95,000 | $116,000 | $34,000 | $42,000 |
| Other | 1 | $107,000 | $107,000 | $107,000 | $34,000 | $34,000 |
| Credit Application Incomplete | 1 | $57,000 | $57,000 | $57,000 | $33,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Omni National Bank's 2005 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 Omni National Bank'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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