AllMortgageDetail - Mortgage Application Details

Citizens Bank, Na
Mortgage Loan Application
Totals and Details
for 2014

Download the entire list of lenders located in Rhode Island to a Spreadsheet or Other File Type
Mortgage Company & Address Citizens Bank, Na
One Citizens Plaza
Providence, RI 02903
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 32,552
Total Mortgage Loan Application Amount $6,120,638,000
Average Mortgage Loan Application Amount $233,841
Highest Mortgage Loan Application Amount $40,950,000
Average Applicant Income $124,837
Highest Applicant Income $7,846,000

Mortgage Loan Application Detail Totals for Citizens Bank, Na in 2014

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 14,554 $2,595,905,000 $178,000 $20,000,000 $106,000 $7,846,000
Home Purchase 11,387 $3,291,867,000 $289,000 $40,950,000 $135,000 $4,111,000
Home Improvement 6,915 $278,473,000 $40,000 $40,000,000 $46,000 $1,080,000

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 17,488 $3,273,549,000 $187,000 $5,625,000 $108,000 $5,224,000
Not Provided 9,843 $1,991,907,000 $202,000 $4,000,000 $118,000 $7,846,000
Black or African American 2,811 $163,167,000 $58,000 $1,500,000 $51,000 $1,557,000
Hispanic 1,531 $155,647,000 $101,000 $4,800,000 $60,000 $1,266,000
Asian 843 $234,286,000 $277,000 $3,750,000 $120,000 $1,917,000
Not applicable 225 $331,693,000 $1,474,000 $40,950,000 $32,000 $154,000
Native Hawaiin or Other Pacific Islander 62 $12,609,000 $203,000 $2,080,000 $122,000 $1,819,000
American Indian or Alaskan Native 53 $3,387,000 $63,000 $1,260,000 $83,000 $737,000

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) 30,477 $5,815,174,000 $190,000 $40,950,000 $107,000 $7,846,000
FHA-insured (Federal Housing Administration) 1,984 $279,639,000 $140,000 $636,000 $60,000 $570,000
VA-guaranteed (Veterans Administration) 395 $71,432,000 $180,000 $417,000 $70,000 $270,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 16,848 $3,670,207,000 $217,000 $40,950,000 $118,000 $5,221,000
Application Denied By Financial Institution 8,673 $810,676,000 $93,000 $40,000,000 $66,000 $3,606,000
File Closed For Incompleteness 3,529 $736,855,000 $208,000 $5,625,000 $115,000 $2,754,000
Application Withdrawn By Applicant 1,847 $470,991,000 $255,000 $38,475,000 $128,000 $7,846,000
Application Approved But Not Accepted 1,444 $365,785,000 $253,000 $35,000,000 $126,000 $5,224,000
Preapproval Denied by Financial Institution 304 $45,607,000 $150,000 $975,000 $54,000 $476,000
Loan Purchased By The Institution 211 $66,124,000 $313,000 $1,992,000 $34,000 $154,000
Preapproval 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
Debt-To-Income Ratio 3,103 $332,486,000 $107,000 $40,000,000 $54,000 $3,385,000
Credit History 2,774 $152,241,000 $54,000 $2,400,000 $51,000 $3,606,000
Collateral 1,316 $259,125,000 $196,000 $2,700,000 $119,000 $1,681,000
Other 1,007 $33,430,000 $33,000 $2,310,000 $63,000 $1,080,000
Unverifiable Information 490 $29,282,000 $59,000 $1,370,000 $62,000 $1,048,000
Insufficient Cash (Downpayment, Closing Cost) 183 $38,616,000 $211,000 $1,988,000 $95,000 $1,011,000
Employment History 70 $5,366,000 $76,000 $900,000 $53,000 $331,000
Credit Application Incomplete 31 $5,248,000 $169,000 $800,000 $141,000 $2,094,000
Mortgage Insurance Denied 3 $489,000 $163,000 $238,000 $57,000 $101,000