Republic Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Republic Bank & Trust of Norman, OK reported 653 mortgage applications totaling $111.6 million, down 42% from 2016. The average application was for $170,828, and applicants reported an average income of $103,306. 77% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Oklahoma City, OK (595), Fort Smith, AR-OK (10) and Tulsa, OK (9) (applications in parentheses).
| Mortgage Company & Address | Republic Bank & Trust 401 W. Main Norman, OK 73069 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 653 |
| Total Mortgage Loan Application Amount | $111,551,000 |
| Average Mortgage Loan Application Amount | $170,828 |
| Highest Mortgage Loan Application Amount | $876,000 |
| Average Applicant Income | $103,306 |
| Highest Applicant Income | $1,993,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Republic Bank & Trust in 2017
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 | 479 | $87,572,000 | $182,000 | $876,000 | $105,000 | $1,993,000 |
| Refinancing | 134 | $21,362,000 | $159,000 | $424,000 | $106,000 | $1,141,000 |
| Home Improvement | 40 | $2,617,000 | $65,000 | $491,000 | $74,000 | $228,000 |
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 | 451 | $81,232,000 | $180,000 | $876,000 | $123,000 | $1,993,000 |
| Not applicable | 88 | $12,449,000 | $141,000 | $466,000 | $17,000 | $647,000 |
| American Indian or Alaskan Native | 43 | $6,292,000 | $146,000 | $336,000 | $62,000 | $147,000 |
| Hispanic | 32 | $4,588,000 | $143,000 | $384,000 | $117,000 | $1,141,000 |
| Asian | 22 | $3,566,000 | $162,000 | $424,000 | $89,000 | $210,000 |
| Black or African American | 14 | $3,018,000 | $215,000 | $424,000 | $118,000 | $348,000 |
| Not Provided | 3 | $406,000 | $135,000 | $315,000 | $91,000 | $124,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 555 | $94,516,000 | $170,000 | $876,000 | $108,000 | $1,993,000 |
| FHA-insured (Federal Housing Administration) | 48 | $7,224,000 | $150,000 | $272,000 | $64,000 | $189,000 |
| VA-guaranteed (Veterans Administration) | 32 | $7,671,000 | $239,000 | $491,000 | $103,000 | $240,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,140,000 | $118,000 | $176,000 | $56,000 | $109,000 |
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 | 503 | $84,561,000 | $168,000 | $876,000 | $101,000 | $1,324,000 |
| Application Withdrawn By Applicant | 60 | $13,136,000 | $218,000 | $424,000 | $162,000 | $1,993,000 |
| Application Denied By Financial Institution | 55 | $7,388,000 | $134,000 | $412,000 | $68,000 | $228,000 |
| Application Approved But Not Accepted | 25 | $4,300,000 | $172,000 | $424,000 | $80,000 | $240,000 |
| File Closed For Incompleteness | 10 | $2,166,000 | $216,000 | $388,000 | $103,000 | $188,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 23 | $2,911,000 | $126,000 | $412,000 | $56,000 | $209,000 |
| Credit History | 19 | $2,471,000 | $130,000 | $376,000 | $84,000 | $228,000 |
| Collateral | 9 | $1,329,000 | $147,000 | $265,000 | $67,000 | $150,000 |
| Other | 1 | $226,000 | $226,000 | $226,000 | $119,000 | $119,000 |
| Unverifiable Information | 1 | $41,000 | $41,000 | $41,000 | $30,000 | $30,000 |
| Employment History | 1 | $315,000 | $315,000 | $315,000 | $82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $95,000 | $95,000 | $95,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust's 2017 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 Republic Bank & Trust'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 Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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