Reliant Mortgage Company, LLC Mortgage Lending & HMDA Data, 2011
In 2011, Reliant Mortgage Company, LLC of Beverly, MA reported 3,961 mortgage applications totaling $988.3 million. The average application was for $249,518, and applicants reported an average income of $108,746. 78% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Peabody, MA (954), Portland-South Portland-Biddeford, ME (694) and Cambridge-Newton-Framingham, MA (664) (applications in parentheses).
| Mortgage Company & Address | Reliant Mortgage Company, LLC 100 Cummings Center Suite 303 C Beverly, MA 01915 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 |
| Total Number of Mortgage Applications | 3,961 |
| Total Mortgage Loan Application Amount | $988,342,000 |
| Average Mortgage Loan Application Amount | $249,518 |
| Highest Mortgage Loan Application Amount | $1,105,000 |
| Average Applicant Income | $108,746 |
| Highest Applicant Income | $1,605,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Reliant Mortgage Company, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Essex, Massachusetts | 954 | $ 273,673,000 | $ 286,868 | $ 118,000 |
| Middlesex, Massachusetts | 664 | $ 187,160,000 | $ 281,867 | $ 120,000 |
| Cumberland, Maine | 541 | $ 117,884,000 | $ 217,900 | $ 98,000 |
| Suffolk, Massachusetts | 212 | $ 59,374,000 | $ 280,066 | $ 111,000 |
| Rockingham, New Hampshire | 183 | $ 42,898,000 | $ 234,415 | $ 98,000 |
| Worcester, Massachusetts | 172 | $ 39,054,000 | $ 227,058 | $ 100,000 |
| Norfolk, Massachusetts | 168 | $ 52,860,000 | $ 314,642 | $ 134,000 |
| Hillsborough, New Hampshire | 138 | $ 30,106,000 | $ 218,159 | $ 94,000 |
| York, Maine | 137 | $ 25,997,000 | $ 189,759 | $ 85,000 |
| Plymouth, Massachusetts | 88 | $ 25,125,000 | $ 285,511 | $ 130,000 |
| Androscoggin, Maine | 83 | $ 12,171,000 | $ 146,638 | $ 59,000 |
| Kennebec, Maine | 77 | $ 10,052,000 | $ 130,545 | $ 56,000 |
| Barnstable, Massachusetts | 60 | $ 14,990,000 | $ 249,833 | $ 138,000 |
| Bristol, Massachusetts | 53 | $ 12,065,000 | $ 227,641 | $ 86,000 |
| Penobscot, Maine | 30 | $ 4,155,000 | $ 138,500 | $ 66,000 |
| Merrimack, New Hampshire | 29 | $ 5,966,000 | $ 205,724 | $ 107,000 |
| Hampden, Massachusetts | 27 | $ 4,818,000 | $ 178,444 | $ 100,000 |
| Franklin, Maine | 25 | $ 3,442,000 | $ 137,680 | $ 117,000 |
| Strafford, New Hampshire | 23 | $ 4,821,000 | $ 209,608 | $ 87,000 |
| Oxford, Maine | 21 | $ 3,211,000 | $ 152,904 | $ 66,000 |
| Carroll, New Hampshire | 21 | $ 4,002,000 | $ 190,571 | $ 183,000 |
| Hartford, Connecticut | 19 | $ 5,352,000 | $ 281,684 | $ 149,000 |
| Belknap, New Hampshire | 17 | $ 3,235,000 | $ 190,294 | $ 95,000 |
| Sagadahoc, Maine | 16 | $ 2,649,000 | $ 165,562 | $ 79,000 |
| Grafton, New Hampshire | 16 | $ 2,806,000 | $ 175,375 | $ 129,000 |
| Cheshire, New Hampshire | 15 | $ 2,458,000 | $ 163,866 | $ 75,000 |
| Lincoln, Maine | 13 | $ 2,557,000 | $ 196,692 | $ 89,000 |
| Fairfield, Connecticut | 12 | $ 3,767,000 | $ 313,916 | $ 108,000 |
| Hancock, Maine | 11 | $ 2,137,000 | $ 194,272 | $ 81,000 |
| Anne Arundel, Maryland | 11 | $ 3,627,000 | $ 329,727 | $ 104,000 |
| Somerset, Maine | 10 | $ 1,373,000 | $ 137,300 | $ 80,000 |
| New Haven, Connecticut | 9 | $ 2,800,000 | $ 311,111 | $ 156,000 |
| Hampshire, Massachusetts | 9 | $ 1,952,000 | $ 216,888 | $ 84,000 |
| New London, Connecticut | 8 | $ 2,028,000 | $ 253,500 | $ 149,000 |
| Tolland, Connecticut | 8 | $ 1,511,000 | $ 188,875 | $ 91,000 |
| Berkshire, Massachusetts | 8 | $ 1,788,000 | $ 223,500 | $ 115,000 |
| Aroostook, Maine | 7 | $ 816,000 | $ 116,571 | $ 54,000 |
| Prince George's, Maryland | 6 | $ 968,000 | $ 161,333 | $ 64,000 |
| Sullivan, New Hampshire | 6 | $ 909,000 | $ 151,500 | $ 80,000 |
| Knox, Maine | 5 | $ 1,123,000 | $ 224,600 | $ 112,000 |
| Waldo, Maine | 4 | $ 331,000 | $ 82,750 | $ 76,000 |
| Washington, Maine | 4 | $ 404,000 | $ 101,000 | $ 137,000 |
| Dukes, Massachusetts | 4 | $ 1,746,000 | $ 436,500 | $ 214,000 |
| Franklin, Massachusetts | 4 | $ 685,000 | $ 171,250 | $ 66,000 |
| Litchfield, Connecticut | 3 | $ 514,000 | $ 171,333 | $ 42,000 |
| Middlesex, Connecticut | 3 | $ 461,000 | $ 153,666 | $ 67,000 |
| Coos, New Hampshire | 3 | $ 614,000 | $ 204,666 | $ 120,000 |
| Bristol, Rhode Island | 3 | $ 1,087,000 | $ 362,333 | $ 185,000 |
| Providence, Rhode Island | 3 | $ 836,000 | $ 278,666 | $ 116,000 |
| Windham, Connecticut | 2 | $ 331,000 | $ 165,500 | $ 52,000 |
| Lee, Florida | 2 | $ 501,000 | $ 250,500 | $ 113,000 |
| Nantucket, Massachusetts | 2 | $ 424,000 | $ 212,000 | $ 162,000 |
| Washington, Rhode Island | 2 | $ 707,000 | $ 353,500 | $ 110,000 |
| Duval, Florida | 1 | $ 417,000 | $ 417,000 | $ 240,000 |
| Orange, Florida | 1 | $ 173,000 | $ 173,000 | $ 205,000 |
| Palm Beach, Florida | 1 | $ 158,000 | $ 158,000 | $ 140,000 |
| Sarasota, Florida | 1 | $ 280,000 | $ 280,000 | $ 112,000 |
| Seminole, Florida | 1 | $ 55,000 | $ 55,000 | $ 15,000 |
| Volusia, Florida | 1 | $ 68,000 | $ 68,000 | $ 132,000 |
| Baltimore City, Maryland | 1 | $ 202,000 | $ 202,000 | $ 50,000 |
| Frederick, Maryland | 1 | $ 165,000 | $ 165,000 | $ 52,000 |
| Harford, Maryland | 1 | $ 248,000 | $ 248,000 | $ 106,000 |
| Chittenden, Vermont | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Reliant Mortgage Company, LLC 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 | 2,825 | $734,042,000 | $259,000 | $1,105,000 | $116,000 | $1,605,000 |
| Home Purchase | 1,074 | $241,016,000 | $224,000 | $1,087,000 | $90,000 | $1,026,000 |
| Home Improvement | 62 | $13,284,000 | $214,000 | $417,000 | $103,000 | $315,000 |
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 | 3,714 | $926,854,000 | $249,000 | $1,105,000 | $109,000 | $1,605,000 |
| Not Provided | 73 | $18,826,000 | $257,000 | $564,000 | $127,000 | $1,026,000 |
| Asian | 70 | $18,410,000 | $263,000 | $674,000 | $109,000 | $298,000 |
| Hispanic | 61 | $14,405,000 | $236,000 | $495,000 | $95,000 | $874,000 |
| Black or African American | 39 | $8,631,000 | $221,000 | $530,000 | $67,000 | $178,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,073,000 | $357,000 | $522,000 | $209,000 | $260,000 |
| American Indian or Alaskan Native | 1 | $143,000 | $143,000 | $143,000 | $42,000 | $42,000 |
| 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) | 3,027 | $778,315,000 | $257,000 | $1,105,000 | $119,000 | $1,605,000 |
| FHA-insured (Federal Housing Administration) | 729 | $174,484,000 | $239,000 | $562,000 | $82,000 | $480,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 149 | $23,757,000 | $159,000 | $306,000 | $48,000 | $95,000 |
| VA-guaranteed (Veterans Administration) | 56 | $11,786,000 | $210,000 | $450,000 | $60,000 | $173,000 |
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 | 3,077 | $776,998,000 | $252,000 | $1,087,000 | $111,000 | $1,605,000 |
| Application Withdrawn By Applicant | 372 | $95,770,000 | $257,000 | $1,105,000 | $105,000 | $800,000 |
| Application Approved But Not Accepted | 256 | $60,908,000 | $237,000 | $760,000 | $105,000 | $400,000 |
| Application Denied By Financial Institution | 249 | $53,015,000 | $212,000 | $864,000 | $82,000 | $619,000 |
| File Closed For Incompleteness | 7 | $1,651,000 | $235,000 | $453,000 | $86,000 | $166,000 |
| 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 |
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 | 92 | $20,576,000 | $223,000 | $615,000 | $104,000 | $619,000 |
| Debt-To-Income Ratio | 68 | $13,650,000 | $200,000 | $562,000 | $61,000 | $283,000 |
| Credit History | 29 | $6,050,000 | $208,000 | $529,000 | $73,000 | $211,000 |
| Other | 17 | $3,148,000 | $185,000 | $336,000 | $75,000 | $146,000 |
| Employment History | 14 | $2,167,000 | $154,000 | $322,000 | $49,000 | $107,000 |
| Unverifiable Information | 13 | $3,685,000 | $283,000 | $864,000 | $79,000 | $183,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $1,823,000 | $260,000 | $455,000 | $145,000 | $374,000 |
| Mortgage Insurance Denied | 6 | $976,000 | $162,000 | $245,000 | $53,000 | $69,000 |
| Credit Application Incomplete | 2 | $463,000 | $231,000 | $280,000 | $82,000 | $112,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Reliant Mortgage Company, LLC'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 Reliant Mortgage Company, 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 Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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