Reverse Mortgage Solutions Inc Mortgage Lending & HMDA Data, 2016
In 2016, Reverse Mortgage Solutions Inc of Houston, TX reported 639 mortgage applications totaling $113.0 million, down 70% from 2015. The average application was for $176,830, and applicants reported an average income of $17,918. 29% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (27), Phoenix-Mesa-Scottsdale, AZ (22) and Los Angeles-Long Beach-Glendale, CA (21) (applications in parentheses).
| Mortgage Company & Address | Reverse Mortgage Solutions Inc 14405 Walters Rd Suite 200 Houston, TX 77014 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 639 |
| Total Mortgage Loan Application Amount | $112,995,000 |
| Average Mortgage Loan Application Amount | $176,830 |
| Highest Mortgage Loan Application Amount | $538,000 |
| Average Applicant Income | $17,918 |
| Highest Applicant Income | $215,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Reverse Mortgage Solutions Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Riverside-San Bernardino-Ontario, CA | 27 | $ 5,420,000 | $ 200,740 | $ 17,000 |
| Phoenix-Mesa-Scottsdale, AZ | 22 | $ 3,152,000 | $ 143,272 | $ 31,000 |
| Los Angeles-Long Beach-Glendale, CA | 21 | $ 6,282,000 | $ 299,142 | $ 20,000 |
| Columbus, OH | 19 | $ 2,782,000 | $ 146,421 | $ 1,000 |
| Boise City, ID | 18 | $ 2,497,000 | $ 138,722 | $ 22,000 |
| Lakeland-Winter Haven, FL | 16 | $ 2,009,000 | $ 125,562 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 16 | $ 2,579,000 | $ 161,187 | $ 18,000 |
| St. George, UT | 14 | $ 2,268,000 | $ 162,000 | $ 13,000 |
| Anaheim-Santa Ana-Irvine, CA | 13 | $ 4,279,000 | $ 329,153 | $ 17,000 |
| Charlotte-Concord-Gastonia, NC-SC | 13 | $ 2,004,000 | $ 154,153 | $ 8,307 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 13 | $ 2,036,000 | $ 156,615 | $ 18,000 |
| Oakland-Hayward-Berkeley, CA | 12 | $ 4,035,000 | $ 336,250 | $ 24,000 |
| Orlando-Kissimmee-Sanford, FL | 12 | $ 1,310,000 | $ 109,166 | $ 5,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 3,057,000 | $ 254,750 | $ 22,000 |
| Denver-Aurora-Lakewood, CO | 10 | $ 2,039,000 | $ 203,900 | $ 16,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 10 | $ 1,936,000 | $ 193,600 | $ 27,700 |
| San Diego-Carlsbad, CA | 10 | $ 3,200,000 | $ 320,000 | $ 35,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 1,352,000 | $ 150,222 | $ 22,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,103,000 | $ 233,666 | $ 14,000 |
| Reno, NV | 8 | $ 1,709,000 | $ 213,625 | $ 15,000 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 853,000 | $ 106,625 | $ 17,000 |
| Dallas-Plano-Irving, TX | 7 | $ 754,000 | $ 107,714 | $ 20,000 |
| Houston-The Woodlands-Sugar Land, TX | 7 | $ 1,150,000 | $ 164,285 | $ 34,000 |
| Charleston-North Charleston, SC | 6 | $ 754,000 | $ 125,666 | $ 0 |
| Chicago-Naperville-Arlington Heights, IL | 6 | $ 784,000 | $ 130,666 | $ 21,000 |
| Fort Worth-Arlington, TX | 6 | $ 514,000 | $ 85,666 | $ 10,000 |
| Greeley, CO | 6 | $ 1,182,000 | $ 197,000 | $ 25,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 1,952,000 | $ 325,333 | $ 30,000 |
| Port St. Lucie, FL | 6 | $ 1,018,000 | $ 169,666 | $ 16,000 |
| Provo-Orem, UT | 6 | $ 935,000 | $ 155,833 | $ 32,000 |
| Salt Lake City, UT | 6 | $ 955,000 | $ 159,166 | $ 21,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 2,210,000 | $ 368,333 | $ 12,000 |
| Cleveland-Elyria, OH | 5 | $ 402,000 | $ 80,400 | $ 25,000 |
| Greenville-Anderson-Mauldin, SC | 5 | $ 666,000 | $ 133,200 | $ 12,000 |
| Montgomery County-Bucks County-Chester County, PA | 5 | $ 1,032,000 | $ 206,400 | $ 8,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 5 | $ 899,000 | $ 179,800 | $ 0 |
| Prescott, AZ | 5 | $ 543,000 | $ 108,600 | $ 10,000 |
| Dayton, OH | 4 | $ 340,000 | $ 85,000 | $ 0 |
| El Paso, TX | 4 | $ 429,000 | $ 107,250 | $ 54,000 |
| Fort Collins, CO | 4 | $ 678,000 | $ 169,500 | $ 34,000 |
| Indianapolis-Carmel-Anderson, IN | 4 | $ 603,000 | $ 150,750 | $ 6,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 876,000 | $ 219,000 | $ 18,000 |
| Savannah, GA | 4 | $ 662,000 | $ 165,500 | $ 19,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 658,000 | $ 164,500 | $ 5,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 814,000 | $ 203,500 | $ 10,750 |
| Baltimore-Columbia-Towson, MD | 3 | $ 334,000 | $ 111,333 | $ 18,000 |
| Bend-Redmond, OR | 3 | $ 650,000 | $ 216,666 | $ 44,000 |
| Davenport-Moline-Rock Island, IA-IL | 3 | $ 452,000 | $ 150,666 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 450,000 | $ 150,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 422,000 | $ 140,666 | $ 32,000 |
| Fresno, CA | 3 | $ 470,000 | $ 156,666 | $ 5,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 325,000 | $ 108,333 | $ 8,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 321,000 | $ 107,000 | $ 7,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 753,000 | $ 251,000 | $ 45,000 |
| Richmond, VA | 3 | $ 541,000 | $ 180,333 | $ 18,000 |
| Salem, OR | 3 | $ 325,000 | $ 108,333 | $ 16,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 1,026,000 | $ 342,000 | $ 18,000 |
| Tulsa, OK | 3 | $ 744,000 | $ 248,000 | $ 63,000 |
| Albuquerque, NM | 2 | $ 257,000 | $ 128,500 | $ 17,000 |
| Asheville, NC | 2 | $ 610,000 | $ 305,000 | $ 22,000 |
| Birmingham-Hoover, AL | 2 | $ 95,000 | $ 47,500 | $ 0 |
| Cape Coral-Fort Myers, FL | 2 | $ 274,000 | $ 137,000 | $ 29,000 |
| Colorado Springs, CO | 2 | $ 285,000 | $ 142,500 | $ 17,000 |
| Gainesville, GA | 2 | $ 226,000 | $ 113,000 | $ 11,000 |
| Jacksonville, FL | 2 | $ 419,000 | $ 209,500 | $ 0 |
| Kahului-Wailuku-Lahaina, HI | 2 | $ 583,000 | $ 291,500 | $ 14,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 273,000 | $ 136,500 | $ 9,500 |
| Knoxville, TN | 2 | $ 249,000 | $ 124,500 | $ 0 |
| Lynchburg, VA | 2 | $ 169,000 | $ 84,500 | $ 24,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 570,000 | $ 285,000 | $ 0 |
| Ogden-Clearfield, UT | 2 | $ 355,000 | $ 177,500 | $ 38,000 |
| San Antonio-New Braunfels, TX | 2 | $ 380,000 | $ 190,000 | $ 81,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 873,000 | $ 436,500 | $ 52,000 |
| Santa Rosa, CA | 2 | $ 682,000 | $ 341,000 | $ 17,000 |
| Sebastian-Vero Beach, FL | 2 | $ 354,000 | $ 177,000 | $ 21,000 |
| St. Louis, MO-IL | 2 | $ 312,000 | $ 156,000 | $ 13,000 |
| Stockton-Lodi, CA | 2 | $ 267,000 | $ 133,500 | $ 21,000 |
| Tacoma-Lakewood, WA | 2 | $ 617,000 | $ 308,500 | $ 23,000 |
| The Villages, FL | 2 | $ 480,000 | $ 240,000 | $ 28,000 |
| Urban Honolulu, HI | 2 | $ 711,000 | $ 355,500 | $ 54,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 264,000 | $ 132,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 691,000 | $ 345,500 | $ 36,000 |
| Wilmington, NC | 2 | $ 237,000 | $ 118,500 | $ 56,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 167,000 | $ 83,500 | $ 24,000 |
| Abilene, TX | 1 | $ 86,000 | $ 86,000 | $ 17,000 |
| Austin-Round Rock, TX | 1 | $ 298,000 | $ 298,000 | $ 82,000 |
| Bangor, ME | 1 | $ 68,000 | $ 68,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 47,000 | $ 47,000 | $ 24,000 |
| Beaumont-Port Arthur, TX | 1 | $ 62,000 | $ 62,000 | $ 18,000 |
| Boulder, CO | 1 | $ 184,000 | $ 184,000 | $ 19,000 |
| Bremerton-Silverdale, WA | 1 | $ 258,000 | $ 258,000 | $ 0 |
| Charlottesville, VA | 1 | $ 110,000 | $ 110,000 | $ 22,000 |
| Chattanooga, TN-GA | 1 | $ 198,000 | $ 198,000 | $ 29,000 |
| Cincinnati, OH-KY-IN | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Daphne-Fairhope-Foley, AL | 1 | $ 348,000 | $ 348,000 | $ 32,000 |
| Decatur, IL | 1 | $ 88,000 | $ 88,000 | $ 24,000 |
| Dover, DE | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 42,000 | $ 42,000 | $ 14,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 51,000 | $ 51,000 | $ 0 |
| Gadsden, AL | 1 | $ 93,000 | $ 93,000 | $ 19,000 |
| Harrisburg-Carlisle, PA | 1 | $ 146,000 | $ 146,000 | $ 0 |
| Hattiesburg, MS | 1 | $ 102,000 | $ 102,000 | $ 34,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 339,000 | $ 339,000 | $ 38,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 288,000 | $ 288,000 | $ 36,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 167,000 | $ 167,000 | $ 206,000 |
| Huntsville, AL | 1 | $ 22,000 | $ 22,000 | $ 0 |
| Jackson, MI | 1 | $ 28,000 | $ 28,000 | $ 0 |
| Kennewick-Richland, WA | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 1 | $ 188,000 | $ 188,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 198,000 | $ 198,000 | $ 26,000 |
| Manchester-Nashua, NH | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Medford, OR | 1 | $ 214,000 | $ 214,000 | $ 40,000 |
| Memphis, TN-MS-AR | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 90,000 | $ 90,000 | $ 30,000 |
| Montgomery, AL | 1 | $ 95,000 | $ 95,000 | $ 43,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 133,000 | $ 133,000 | $ 24,000 |
| Napa, CA | 1 | $ 411,000 | $ 411,000 | $ 30,000 |
| Nassau County-Suffolk County, NY | 1 | $ 286,000 | $ 286,000 | $ 0 |
| New Orleans-Metairie, LA | 1 | $ 70,000 | $ 70,000 | $ 28,000 |
| Newark, NJ-PA | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Ocala, FL | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Ocean City, NJ | 1 | $ 69,000 | $ 69,000 | $ 49,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 79,000 | $ 79,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Philadelphia, PA | 1 | $ 33,000 | $ 33,000 | $ 18,000 |
| Pittsburgh, PA | 1 | $ 32,000 | $ 32,000 | $ 22,000 |
| Portland-South Portland, ME | 1 | $ 401,000 | $ 401,000 | $ 0 |
| Racine, WI | 1 | $ 106,000 | $ 106,000 | $ 38,000 |
| Reading, PA | 1 | $ 182,000 | $ 182,000 | $ 28,000 |
| Rochester, MN | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Rockingham County-Strafford County, NH | 1 | $ 91,000 | $ 91,000 | $ 18,000 |
| San Rafael, CA | 1 | $ 357,000 | $ 357,000 | $ 0 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Sebring, FL | 1 | $ 78,000 | $ 78,000 | $ 31,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 89,000 | $ 89,000 | $ 48,000 |
| Sioux Falls, SD | 1 | $ 155,000 | $ 155,000 | $ 29,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 45,000 | $ 45,000 | $ 28,000 |
| Spartanburg, SC | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Spokane-Spokane Valley, WA | 1 | $ 237,000 | $ 237,000 | $ 0 |
| Springfield, MO | 1 | $ 62,000 | $ 62,000 | $ 33,000 |
| Toledo, OH | 1 | $ 86,000 | $ 86,000 | $ 0 |
| Tucson, AZ | 1 | $ 134,000 | $ 134,000 | $ 0 |
| Vallejo-Fairfield, CA | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Wichita, KS | 1 | $ 48,000 | $ 48,000 | $ 21,000 |
| Wilmington, DE-MD-NJ | 1 | $ 132,000 | $ 132,000 | $ 21,000 |
| Yuba City, CA | 1 | $ 219,000 | $ 219,000 | $ 0 |
Mortgage Loan Application Detail Totals for Reverse Mortgage Solutions Inc in 2016
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 | 373 | $66,442,000 | $178,000 | $538,000 | $20,000 | $206,000 |
| Home Purchase | 266 | $46,553,000 | $175,000 | $416,000 | $15,000 | $215,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 313 | $52,377,000 | $167,000 | $444,000 | $0 | $41,000 |
| White | 255 | $46,784,000 | $183,000 | $538,000 | $36,000 | $215,000 |
| Black or African American | 30 | $3,893,000 | $129,000 | $384,000 | $33,000 | $96,000 |
| Hispanic | 22 | $4,444,000 | $202,000 | $377,000 | $37,000 | $93,000 |
| Asian | 10 | $3,225,000 | $322,000 | $432,000 | $32,000 | $85,000 |
| Not Provided | 7 | $1,969,000 | $281,000 | $370,000 | $44,000 | $89,000 |
| American Indian or Alaskan Native | 1 | $39,000 | $39,000 | $39,000 | $37,000 | $37,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $264,000 | $264,000 | $264,000 | $37,000 | $37,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 637 | $111,963,000 | $175,000 | $444,000 | $18,000 | $215,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2 | $1,032,000 | $516,000 | $538,000 | $22,000 | $29,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 Purchased By The Institution | 312 | $52,223,000 | $167,000 | $444,000 | $0 | $0 |
| Loan Originated | 184 | $35,843,000 | $194,000 | $432,000 | $37,000 | $150,000 |
| Application Denied By Financial Institution | 107 | $17,780,000 | $166,000 | $405,000 | $33,000 | $206,000 |
| Application Withdrawn By Applicant | 18 | $3,182,000 | $176,000 | $370,000 | $36,000 | $92,000 |
| Application Approved But Not Accepted | 11 | $2,420,000 | $220,000 | $538,000 | $32,000 | $57,000 |
| File Closed For Incompleteness | 7 | $1,547,000 | $221,000 | $494,000 | $53,000 | $215,000 |
| 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 | 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 Reverse Mortgage Solutions Inc's 2016 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 Reverse Mortgage Solutions Inc'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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