Preferred Business Xchange LLC Mortgage Lending & HMDA Data, 2016
In 2016, Preferred Business Xchange LLC of Rockville, MD reported 210 mortgage applications totaling $5.2 million, up 9% from 2015. The average application was for $24,976, and applicants reported an average income of $128,000. 64% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Jacksonville, FL (33), Boston, MA (23) and Cambridge-Newton-Framingham, MA (22) (applications in parentheses).
| Mortgage Company & Address | Preferred Business Xchange LLC 2701 Tower Oaks Blvd. - Pbx Rockville, MD 20852 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 |
| Total Number of Mortgage Applications | 210 |
| Total Mortgage Loan Application Amount | $5,245,000 |
| Average Mortgage Loan Application Amount | $24,976 |
| Highest Mortgage Loan Application Amount | $50,000 |
| Average Applicant Income | $128,000 |
| Highest Applicant Income | $1,005,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Preferred Business Xchange LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Duval, Florida | 18 | $ 202,000 | $ 11,222 | $ 79,000 |
| Middlesex, Massachusetts | 14 | $ 438,000 | $ 31,285 | $ 179,000 |
| Plymouth, Massachusetts | 14 | $ 430,000 | $ 30,714 | $ 135,000 |
| Flagler, Florida | 13 | $ 162,000 | $ 12,461 | $ 62,000 |
| Worcester, Massachusetts | 12 | $ 414,000 | $ 34,500 | $ 140,000 |
| Bristol, Massachusetts | 10 | $ 246,000 | $ 24,600 | $ 134,000 |
| St. Johns, Florida | 9 | $ 125,000 | $ 13,888 | $ 97,000 |
| Volusia, Florida | 8 | $ 88,000 | $ 11,000 | $ 65,000 |
| Essex, Massachusetts | 8 | $ 307,000 | $ 38,375 | $ 140,000 |
| Norfolk, Massachusetts | 8 | $ 262,000 | $ 32,750 | $ 162,000 |
| Barnstable, Massachusetts | 6 | $ 218,000 | $ 36,333 | $ 141,000 |
| Westchester, New York | 6 | $ 138,000 | $ 23,000 | $ 339,000 |
| York, Pennsylvania | 6 | $ 166,000 | $ 27,666 | $ 117,000 |
| Clay, Florida | 5 | $ 51,000 | $ 10,200 | $ 73,000 |
| Orange, New York | 5 | $ 118,000 | $ 23,600 | $ 189,000 |
| Fairfield, Connecticut | 4 | $ 122,000 | $ 30,500 | $ 104,000 |
| New London, Connecticut | 4 | $ 137,000 | $ 34,250 | $ 99,000 |
| Hampden, Massachusetts | 4 | $ 105,000 | $ 26,250 | $ 107,000 |
| Union, New Jersey | 4 | $ 113,000 | $ 28,250 | $ 118,000 |
| Hartford, Connecticut | 3 | $ 63,000 | $ 21,000 | $ 107,000 |
| York, Maine | 3 | $ 70,000 | $ 23,333 | $ 136,000 |
| Essex, New Jersey | 3 | $ 52,000 | $ 17,333 | $ 131,000 |
| Lancaster, Pennsylvania | 3 | $ 98,000 | $ 32,666 | $ 92,000 |
| Berkeley, West Virginia | 3 | $ 120,000 | $ 40,000 | $ 139,000 |
| Tolland, Connecticut | 2 | $ 46,000 | $ 23,000 | $ 106,000 |
| Hillsborough, New Hampshire | 2 | $ 51,000 | $ 25,500 | $ 136,000 |
| Merrimack, New Hampshire | 2 | $ 30,000 | $ 15,000 | $ 138,000 |
| Bergen, New Jersey | 2 | $ 69,000 | $ 34,500 | $ 116,000 |
| Morris, New Jersey | 2 | $ 58,000 | $ 29,000 | $ 142,000 |
| Richmond, New York | 2 | $ 48,000 | $ 24,000 | $ 105,000 |
| Rockland, New York | 2 | $ 96,000 | $ 48,000 | $ 178,000 |
| Suffolk, New York | 2 | $ 52,000 | $ 26,000 | $ 88,000 |
| Providence, Rhode Island | 2 | $ 47,000 | $ 23,500 | $ 202,000 |
| New Haven, Connecticut | 1 | $ 21,000 | $ 21,000 | $ 53,000 |
| Nassau, Florida | 1 | $ 6,000 | $ 6,000 | $ 101,000 |
| Franklin, Massachusetts | 1 | $ 20,000 | $ 20,000 | $ 216,000 |
| Suffolk, Massachusetts | 1 | $ 29,000 | $ 29,000 | $ 253,000 |
| Cheshire, New Hampshire | 1 | $ 24,000 | $ 24,000 | $ 88,000 |
| Rockingham, New Hampshire | 1 | $ 39,000 | $ 39,000 | $ 215,000 |
| Sullivan, New Hampshire | 1 | $ 20,000 | $ 20,000 | $ 127,000 |
| Middlesex, New Jersey | 1 | $ 42,000 | $ 42,000 | $ 300,000 |
| Passaic, New Jersey | 1 | $ 27,000 | $ 27,000 | $ 137,000 |
| Somerset, New Jersey | 1 | $ 21,000 | $ 21,000 | $ 115,000 |
| Bronx, New York | 1 | $ 33,000 | $ 33,000 | $ 112,000 |
| Dutchess, New York | 1 | $ 34,000 | $ 34,000 | $ 87,000 |
| Nassau, New York | 1 | $ 14,000 | $ 14,000 | $ 70,000 |
| New York, New York | 1 | $ 12,000 | $ 12,000 | $ 100,000 |
| Queens, New York | 1 | $ 14,000 | $ 14,000 | $ 17,000 |
| Cumberland, Pennsylvania | 1 | $ 34,000 | $ 34,000 | $ 139,000 |
| Dauphin, Pennsylvania | 1 | $ 48,000 | $ 48,000 | $ 186,000 |
| Washington, Rhode Island | 1 | $ 47,000 | $ 47,000 | $ 145,000 |
| Windham, Vermont | 1 | $ 18,000 | $ 18,000 | $ 166,000 |
Mortgage Loan Application Detail Totals for Preferred Business Xchange LLC in 2016
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 Improvement | 210 | $5,245,000 | $24,000 | $50,000 | $128,000 | $1,005,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 210 | $5,245,000 | $24,000 | $50,000 | $128,000 | $1,005,000 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 210 | $5,245,000 | $24,000 | $50,000 | $128,000 | $1,005,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 135 | $3,381,000 | $25,000 | $50,000 | $138,000 | $1,005,000 |
| Application Approved But Not Accepted | 46 | $1,158,000 | $25,000 | $50,000 | $120,000 | $431,000 |
| Application Denied By Financial Institution | 22 | $587,000 | $26,000 | $50,000 | $84,000 | $243,000 |
| Application Withdrawn By Applicant | 7 | $119,000 | $17,000 | $45,000 | $124,000 | $228,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 18 | $526,000 | $29,000 | $50,000 | $86,000 | $243,000 |
| Credit History | 4 | $61,000 | $15,000 | $25,000 | $73,000 | $110,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Preferred Business Xchange LLC's 2016 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 Preferred Business Xchange 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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