Randolph Bank & Trust Co Mortgage Lending & HMDA Data, 2011
In 2011, Randolph Bank & Trust Co of Asheboro, NC reported 413 mortgage applications totaling $82.0 million, up 25% from 2010. The average application was for $198,496, and applicants reported an average income of $104,624. 9% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Raleigh-Cary, NC (216), Greensboro-High Point, NC (72) and Durham-Chapel Hill, NC (43) (applications in parentheses).
| Mortgage Company & Address | Randolph Bank & Trust Co Po Box 1888 Asheboro, NC 27205 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 413 |
| Total Mortgage Loan Application Amount | $81,979,000 |
| Average Mortgage Loan Application Amount | $198,496 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $104,624 |
| Highest Applicant Income | $1,243,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Randolph Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Randolph Bank & Trust Co in 2011
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 | 339 | $71,935,000 | $212,000 | $880,000 | $106,000 | $936,000 |
| Home Purchase | 52 | $9,803,000 | $188,000 | $599,000 | $123,000 | $1,243,000 |
| Home Improvement | 22 | $241,000 | $10,000 | $75,000 | $40,000 | $286,000 |
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 | 289 | $55,049,000 | $190,000 | $780,000 | $103,000 | $1,243,000 |
| Not Provided | 83 | $18,641,000 | $224,000 | $880,000 | $115,000 | $936,000 |
| Hispanic | 12 | $1,953,000 | $162,000 | $315,000 | $112,000 | $327,000 |
| Black or African American | 10 | $1,631,000 | $163,000 | $321,000 | $74,000 | $185,000 |
| Asian | 7 | $1,890,000 | $270,000 | $500,000 | $122,000 | $508,000 |
| Not applicable | 6 | $984,000 | $164,000 | $400,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $1,631,000 | $326,000 | $510,000 | $149,000 | $336,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $200,000 | $200,000 | $200,000 | $97,000 | $97,000 |
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) | 342 | $68,942,000 | $201,000 | $880,000 | $107,000 | $936,000 |
| FHA-insured (Federal Housing Administration) | 61 | $11,110,000 | $182,000 | $298,000 | $88,000 | $1,243,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,694,000 | $211,000 | $410,000 | $120,000 | $374,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $233,000 | $116,000 | $141,000 | $43,000 | $59,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 304 | $64,829,000 | $213,000 | $880,000 | $113,000 | $1,243,000 |
| Application Denied By Financial Institution | 73 | $14,335,000 | $196,000 | $484,000 | $84,000 | $228,000 |
| Loan Originated | 36 | $2,815,000 | $78,000 | $400,000 | $73,000 | $327,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Randolph Bank & Trust Co's 2011 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 Randolph Bank & Trust Co'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About