Reverse Mortgage Solutions, Inc. Mortgage Lending & HMDA Data, 2017
In 2017, Reverse Mortgage Solutions, Inc. of Houston, TX reported 57 mortgage applications totaling $11.1 million. The average application was for $194,228, and applicants reported an average income of $25,140. 14% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (5), San Diego-Carlsbad, CA (4) and Anaheim-Santa Ana-Irvine, CA (3) (applications in parentheses).
| Mortgage Company & Address | Reverse Mortgage Solutions, Inc. 14405 Walters Road Ste 200 Houston, TX 77014 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 |
| Total Number of Mortgage Applications | 57 |
| Total Mortgage Loan Application Amount | $11,071,000 |
| Average Mortgage Loan Application Amount | $194,228 |
| Highest Mortgage Loan Application Amount | $530,000 |
| Average Applicant Income | $25,140 |
| Highest Applicant Income | $134,000 |
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Reverse Mortgage Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 5 | $ 1,592,000 | $ 318,400 | $ 37,000 |
| San Diego, California | 4 | $ 1,220,000 | $ 305,000 | $ 19,000 |
| Orange, California | 3 | $ 1,118,000 | $ 372,666 | $ 13,000 |
| Contra Costa, California | 2 | $ 610,000 | $ 305,000 | $ 0 |
| Riverside, California | 2 | $ 430,000 | $ 215,000 | $ 33,000 |
| Prince George's, Maryland | 2 | $ 326,000 | $ 163,000 | $ 31,000 |
| Lexington, South Carolina | 2 | $ 136,000 | $ 68,000 | $ 15,000 |
| Montgomery, Alabama | 1 | $ 101,000 | $ 101,000 | $ 134,000 |
| Yavapai, Arizona | 1 | $ 173,000 | $ 173,000 | $ 32,000 |
| Greene, Arkansas | 1 | $ 31,000 | $ 31,000 | $ 5,000 |
| Santa Clara, California | 1 | $ 375,000 | $ 375,000 | $ 76,000 |
| Sonoma, California | 1 | $ 405,000 | $ 405,000 | $ 17,000 |
| El Paso, Colorado | 1 | $ 395,000 | $ 395,000 | $ 36,000 |
| Jefferson, Colorado | 1 | $ 213,000 | $ 213,000 | $ 35,000 |
| Hartford, Connecticut | 1 | $ 106,000 | $ 106,000 | $ 12,000 |
| Miami-Dade, Florida | 1 | $ 343,000 | $ 343,000 | $ 48,000 |
| Polk, Florida | 1 | $ 79,000 | $ 79,000 | $ 25,000 |
| Evans, Georgia | 1 | $ 193,000 | $ 193,000 | $ 0 |
| Ada, Idaho | 1 | $ 100,000 | $ 100,000 | $ 19,000 |
| Cook, Illinois | 1 | $ 156,000 | $ 156,000 | $ 20,000 |
| St. Joseph, Indiana | 1 | $ 64,000 | $ 64,000 | $ 23,000 |
| Wayne, Michigan | 1 | $ 274,000 | $ 274,000 | $ 0 |
| Wexford, Michigan | 1 | $ 72,000 | $ 72,000 | $ 22,000 |
| Jackson, Mississippi | 1 | $ 48,000 | $ 48,000 | $ 16,000 |
| Dawson, Nebraska | 1 | $ 41,000 | $ 41,000 | $ 29,000 |
| Monmouth, New Jersey | 1 | $ 163,000 | $ 163,000 | $ 28,000 |
| Morris, New Jersey | 1 | $ 172,000 | $ 172,000 | $ 22,000 |
| Santa Fe, New Mexico | 1 | $ 154,000 | $ 154,000 | $ 27,000 |
| Buncombe, North Carolina | 1 | $ 209,000 | $ 209,000 | $ 26,000 |
| Johnston, North Carolina | 1 | $ 133,000 | $ 133,000 | $ 28,000 |
| Cuyahoga, Ohio | 1 | $ 53,000 | $ 53,000 | $ 18,000 |
| Comanche, Oklahoma | 1 | $ 79,000 | $ 79,000 | $ 16,000 |
| Lane, Oregon | 1 | $ 88,000 | $ 88,000 | $ 42,000 |
| Linn, Oregon | 1 | $ 180,000 | $ 180,000 | $ 24,000 |
| Multnomah, Oregon | 1 | $ 181,000 | $ 181,000 | $ 20,000 |
| Bexar, Texas | 1 | $ 170,000 | $ 170,000 | $ 21,000 |
| Dallas, Texas | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Delta, Texas | 1 | $ 44,000 | $ 44,000 | $ 29,000 |
| Fort Bend, Texas | 1 | $ 147,000 | $ 147,000 | $ 34,000 |
| Parker, Texas | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Polk, Texas | 1 | $ 117,000 | $ 117,000 | $ 23,000 |
| Travis, Texas | 1 | $ 77,000 | $ 77,000 | $ 0 |
| Tazewell, Virginia | 1 | $ 71,000 | $ 71,000 | $ 48,000 |
| King, Washington | 1 | $ 170,000 | $ 170,000 | $ 0 |
Mortgage Loan Application Detail Totals for Reverse Mortgage Solutions, Inc. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 52 | $9,796,000 | $188,000 | $530,000 | $24,000 | $134,000 |
| Home Purchase | 5 | $1,275,000 | $255,000 | $356,000 | $37,000 | $61,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 30 | $5,133,000 | $171,000 | $405,000 | $33,000 | $134,000 |
| Black or African American | 10 | $1,643,000 | $164,000 | $411,000 | $28,000 | $62,000 |
| Not applicable | 9 | $2,687,000 | $298,000 | $530,000 | $0 | $0 |
| Hispanic | 5 | $1,027,000 | $205,000 | $343,000 | $29,000 | $48,000 |
| Not Provided | 2 | $292,000 | $146,000 | $215,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $289,000 | $289,000 | $289,000 | $40,000 | $40,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 57 | $11,071,000 | $194,000 | $530,000 | $25,000 | $134,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 17 | $2,874,000 | $169,000 | $405,000 | $27,000 | $48,000 |
| File Closed For Incompleteness | 16 | $2,206,000 | $137,000 | $411,000 | $29,000 | $134,000 |
| Loan Purchased By The Institution | 9 | $2,687,000 | $298,000 | $530,000 | $0 | $0 |
| Loan Originated | 8 | $1,987,000 | $248,000 | $395,000 | $41,000 | $76,000 |
| Application Approved But Not Accepted | 4 | $873,000 | $218,000 | $299,000 | $36,000 | $42,000 |
| Application Withdrawn By Applicant | 3 | $444,000 | $148,000 | $215,000 | $12,000 | $20,000 |
| 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 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 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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