Professional Mortgage Group Mortgage Lending & HMDA Data, 2007
In 2007, Professional Mortgage Group of Murfreesboro, TN reported 486 mortgage applications totaling $68.8 million. The average application was for $141,574, and applicants reported an average income of $53,222. 59% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Nashville-Davidson--Murfreesboro--Franklin, TN (247), Clarksville, TN-KY (71) and Johnson City, TN (1) (applications in parentheses).
| Mortgage Company & Address | Professional Mortgage Group 222 Robert Rose Dr Murfreesboro, TN 37129 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 486 |
| Total Mortgage Loan Application Amount | $68,805,000 |
| Average Mortgage Loan Application Amount | $141,574 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $53,222 |
| Highest Applicant Income | $216,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Professional Mortgage Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | 247 | $ 38,496,000 | $ 155,854 | $ 61,000 |
| Clarksville, TN-KY | 71 | $ 9,805,000 | $ 138,098 | $ 53,901 |
| Johnson City, TN | 1 | $ 169,000 | $ 169,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Professional Mortgage Group in 2007
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 | 441 | $60,195,000 | $136,000 | $417,000 | $51,000 | $190,000 |
| Refinancing | 45 | $8,610,000 | $191,000 | $600,000 | $75,000 | $216,000 |
| 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 | 389 | $55,651,000 | $143,000 | $600,000 | $55,000 | $216,000 |
| Black or African American | 52 | $7,725,000 | $148,000 | $256,000 | $50,000 | $102,000 |
| Hispanic | 30 | $3,697,000 | $123,000 | $242,000 | $46,000 | $140,000 |
| Not Provided | 11 | $1,202,000 | $109,000 | $224,000 | $41,000 | $92,000 |
| Asian | 2 | $307,000 | $153,000 | $164,000 | $52,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $105,000 | $105,000 | $105,000 | $49,000 | $49,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $118,000 | $118,000 | $118,000 | $36,000 | $36,000 |
| 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) | 281 | $41,394,000 | $147,000 | $600,000 | $57,000 | $216,000 |
| FHA-insured (Federal Housing Administration) | 134 | $16,714,000 | $124,000 | $256,000 | $46,000 | $128,000 |
| VA-guaranteed (Veterans Administration) | 68 | $10,357,000 | $152,000 | $296,000 | $54,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $340,000 | $113,000 | $130,000 | $47,000 | $66,000 |
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 | 285 | $42,472,000 | $149,000 | $600,000 | $58,000 | $180,000 |
| Preapproval Denied by Financial Institution | 117 | $14,335,000 | $122,000 | $288,000 | $43,000 | $190,000 |
| Application Withdrawn By Applicant | 28 | $4,433,000 | $158,000 | $343,000 | $62,000 | $216,000 |
| Application Denied By Financial Institution | 22 | $2,984,000 | $135,000 | $275,000 | $58,000 | $168,000 |
| Preapproval Approved but not Accepted | 20 | $2,605,000 | $130,000 | $284,000 | $39,000 | $92,000 |
| Application Approved But Not Accepted | 14 | $1,976,000 | $141,000 | $315,000 | $54,000 | $140,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 67 | $7,999,000 | $119,000 | $257,000 | $42,000 | $168,000 |
| Debt-To-Income Ratio | 39 | $5,498,000 | $140,000 | $288,000 | $52,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,064,000 | $133,000 | $275,000 | $45,000 | $72,000 |
| Credit Application Incomplete | 5 | $662,000 | $132,000 | $232,000 | $70,000 | $190,000 |
| Unverifiable Information | 4 | $401,000 | $100,000 | $229,000 | $38,000 | $66,000 |
| Employment History | 2 | $222,000 | $111,000 | $135,000 | $35,000 | $48,000 |
| Collateral | 1 | $169,000 | $169,000 | $169,000 | $54,000 | $54,000 |
| Other | 1 | $130,000 | $130,000 | $130,000 | $28,000 | $28,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Professional Mortgage Group's 2007 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 Professional Mortgage Group'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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with aggregated HMDA statistics today.
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