One Choice Mortgage, LLC Mortgage Lending & HMDA Data, 2010
In 2010, One Choice Mortgage, LLC of Wauwatosa, WI reported 3,242 mortgage applications totaling $500.5 million, up 966% from 2009. The average application was for $154,383, and applicants reported an average income of $52,896. 52% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (1,876), Green Bay, WI (189) and Racine, WI (152) (applications in parentheses).
| Mortgage Company & Address | One Choice Mortgage, LLC 7700 West Bluemound Road Wauwatosa, WI 53213 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 3,242 |
| Total Mortgage Loan Application Amount | $500,510,000 |
| Average Mortgage Loan Application Amount | $154,383 |
| Highest Mortgage Loan Application Amount | $603,000 |
| Average Applicant Income | $52,896 |
| Highest Applicant Income | $1,185,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records One Choice Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 One Choice Mortgage, LLC in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,503 | $399,391,000 | $159,000 | $603,000 | $57,000 | $1,185,000 |
| Home Purchase | 739 | $101,119,000 | $136,000 | $417,000 | $39,000 | $272,000 |
| Home Improvement | 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 | 2,836 | $445,859,000 | $157,000 | $603,000 | $54,000 | $1,185,000 |
| Hispanic | 154 | $19,948,000 | $129,000 | $417,000 | $33,000 | $272,000 |
| Black or African American | 136 | $17,813,000 | $130,000 | $315,000 | $32,000 | $144,000 |
| Asian | 46 | $6,020,000 | $130,000 | $251,000 | $45,000 | $228,000 |
| Not Provided | 40 | $6,759,000 | $168,000 | $417,000 | $74,000 | $492,000 |
| American Indian or Alaskan Native | 17 | $2,454,000 | $144,000 | $400,000 | $39,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $1,657,000 | $127,000 | $271,000 | $43,000 | $121,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,884 | $291,590,000 | $154,000 | $365,000 | $44,000 | $180,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,318 | $203,435,000 | $154,000 | $603,000 | $65,000 | $1,185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $3,672,000 | $141,000 | $227,000 | $44,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 14 | $1,813,000 | $129,000 | $210,000 | $11,000 | $75,000 |
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 | 1,675 | $272,948,000 | $162,000 | $417,000 | $65,000 | $1,185,000 |
| Application Withdrawn By Applicant | 1,046 | $150,095,000 | $143,000 | $603,000 | $38,000 | $668,000 |
| Application Denied By Financial Institution | 514 | $76,442,000 | $148,000 | $417,000 | $42,000 | $321,000 |
| File Closed For Incompleteness | 6 | $901,000 | $150,000 | $200,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $124,000 | $124,000 | $124,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 6 | $900,000 | $150,000 | $198,000 | $15,000 | $54,000 |
| Debt-To-Income Ratio | 1 | $400,000 | $400,000 | $400,000 | $89,000 | $89,000 |
| Collateral | 1 | $349,000 | $349,000 | $349,000 | $60,000 | $60,000 |
| Other | 1 | $86,000 | $86,000 | $86,000 | $47,000 | $47,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into One Choice Mortgage, LLC's 2010 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 One Choice Mortgage, LLC'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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