Rmr Financial, Inc Mortgage Lending & HMDA Data, 2014
In 2014, Rmr Financial, Inc of Mt Laurel, NJ reported 3,107 mortgage applications totaling $1.4 billion, down 29% from 2013. The average application was for $442,408, and applicants reported an average income of $156,057. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were San Jose-Sunnyvale-Santa Clara, CA (642), Sacramento--Roseville--Arden-Arcade, CA (479) and Oakland-Hayward-Berkeley, CA (391) (applications in parentheses).
| Mortgage Company & Address | Rmr Financial, Inc 1 Mortgage Way 2nd Floor Mt Laurel, NJ 08054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 3,107 |
| Total Mortgage Loan Application Amount | $1,374,564,000 |
| Average Mortgage Loan Application Amount | $442,408 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $156,057 |
| Highest Applicant Income | $3,814,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rmr Financial, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Santa Clara, California | 612 | $ 322,471,000 | $ 526,913 | $ 164,000 |
| Los Angeles, California | 364 | $ 178,875,000 | $ 491,414 | $ 205,000 |
| Sacramento, California | 353 | $ 86,282,000 | $ 244,424 | $ 91,000 |
| Monterey, California | 220 | $ 89,929,000 | $ 408,768 | $ 150,000 |
| Alameda, California | 219 | $ 98,214,000 | $ 448,465 | $ 143,000 |
| San Mateo, California | 213 | $ 134,254,000 | $ 630,300 | $ 202,000 |
| Contra Costa, California | 172 | $ 75,970,000 | $ 441,686 | $ 148,000 |
| Sonoma, California | 150 | $ 52,322,000 | $ 348,813 | $ 131,000 |
| San Francisco, California | 101 | $ 61,998,000 | $ 613,841 | $ 195,000 |
| Orange, California | 93 | $ 43,421,000 | $ 466,892 | $ 183,000 |
| Santa Cruz, California | 90 | $ 45,051,000 | $ 500,566 | $ 205,000 |
| El Dorado, California | 61 | $ 19,207,000 | $ 314,868 | $ 116,000 |
| Riverside, California | 56 | $ 15,603,000 | $ 278,625 | $ 135,000 |
| Santa Barbara, California | 52 | $ 30,818,000 | $ 592,653 | $ 200,000 |
| Marin, California | 50 | $ 27,562,000 | $ 551,240 | $ 187,000 |
| Placer, California | 47 | $ 16,384,000 | $ 348,595 | $ 120,000 |
| Solano, California | 45 | $ 14,199,000 | $ 315,533 | $ 104,000 |
| Ventura, California | 39 | $ 14,234,000 | $ 364,974 | $ 125,000 |
| San Benito, California | 30 | $ 11,194,000 | $ 373,133 | $ 129,000 |
| San Joaquin, California | 22 | $ 5,295,000 | $ 240,681 | $ 95,000 |
| San Diego, California | 19 | $ 7,661,000 | $ 403,210 | $ 143,000 |
| Yolo, California | 18 | $ 4,238,000 | $ 235,444 | $ 86,000 |
| San Bernardino, California | 14 | $ 3,654,000 | $ 261,000 | $ 144,000 |
| Nevada, California | 9 | $ 2,453,000 | $ 272,555 | $ 147,000 |
| Merced, California | 8 | $ 1,706,000 | $ 213,250 | $ 61,000 |
| Stanislaus, California | 7 | $ 1,212,000 | $ 173,142 | $ 67,000 |
| Calaveras, California | 6 | $ 1,472,000 | $ 245,333 | $ 125,000 |
| Butte, California | 4 | $ 1,067,000 | $ 266,750 | $ 92,000 |
| Fresno, California | 4 | $ 447,000 | $ 111,750 | $ 73,000 |
| Napa, California | 4 | $ 1,758,000 | $ 439,500 | $ 220,000 |
| Plumas, California | 4 | $ 1,023,000 | $ 255,750 | $ 215,000 |
| San Luis Obispo, California | 4 | $ 1,178,000 | $ 294,500 | $ 199,000 |
| Madera, California | 3 | $ 642,000 | $ 214,000 | $ 124,000 |
| Sutter, California | 3 | $ 657,000 | $ 219,000 | $ 98,000 |
| Kings, California | 2 | $ 236,000 | $ 118,000 | $ 75,000 |
| Lake, California | 2 | $ 586,000 | $ 293,000 | $ 125,000 |
| Amador, California | 1 | $ 273,000 | $ 273,000 | $ 51,000 |
| Kern, California | 1 | $ 119,000 | $ 119,000 | $ 83,000 |
| Mariposa, California | 1 | $ 119,000 | $ 119,000 | $ 182,000 |
| Siskiyou, California | 1 | $ 136,000 | $ 136,000 | $ 656,000 |
| Trinity, California | 1 | $ 183,000 | $ 183,000 | $ 143,000 |
| Tuolumne, California | 1 | $ 233,000 | $ 233,000 | $ 236,000 |
| Yuba, California | 1 | $ 228,000 | $ 228,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Rmr Financial, Inc 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 2,234 | $984,242,000 | $440,000 | $2,500,000 | $151,000 | $2,816,000 |
| Refinancing | 873 | $390,322,000 | $447,000 | $1,989,000 | $169,000 | $3,814,000 |
| 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 | 1,931 | $842,006,000 | $436,000 | $2,500,000 | $160,000 | $3,814,000 |
| Not Provided | 505 | $247,106,000 | $489,000 | $1,945,000 | $172,000 | $1,558,000 |
| Asian | 334 | $166,150,000 | $497,000 | $1,800,000 | $155,000 | $697,000 |
| Hispanic | 243 | $83,381,000 | $343,000 | $1,051,000 | $111,000 | $557,000 |
| Black or African American | 55 | $21,907,000 | $398,000 | $821,000 | $120,000 | $400,000 |
| Native Hawaiian or Other Pacific Islander | 26 | $9,309,000 | $358,000 | $656,000 | $106,000 | $210,000 |
| American Indian or Alaskan Native | 13 | $4,705,000 | $361,000 | $1,000,000 | $125,000 | $327,000 |
| 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) | 2,630 | $1,189,315,000 | $452,000 | $2,500,000 | $165,000 | $3,814,000 |
| FHA-insured (Federal Housing Administration) | 286 | $102,754,000 | $359,000 | $638,000 | $99,000 | $280,000 |
| VA-guaranteed (Veterans Administration) | 185 | $81,028,000 | $437,000 | $1,083,000 | $115,000 | $345,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,467,000 | $244,000 | $369,000 | $72,000 | $107,000 |
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 | 2,609 | $1,156,613,000 | $443,000 | $2,200,000 | $157,000 | $3,814,000 |
| Application Withdrawn By Applicant | 217 | $102,137,000 | $470,000 | $2,500,000 | $176,000 | $2,816,000 |
| Application Approved But Not Accepted | 143 | $64,404,000 | $450,000 | $1,690,000 | $153,000 | $595,000 |
| Application Denied By Financial Institution | 108 | $39,112,000 | $362,000 | $1,800,000 | $107,000 | $743,000 |
| File Closed For Incompleteness | 30 | $12,298,000 | $409,000 | $1,800,000 | $116,000 | $400,000 |
| 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 | 34 | $15,454,000 | $454,000 | $1,800,000 | $91,000 | $302,000 |
| Credit History | 20 | $5,992,000 | $299,000 | $652,000 | $97,000 | $184,000 |
| Collateral | 8 | $2,749,000 | $343,000 | $525,000 | $130,000 | $324,000 |
| Other | 6 | $1,789,000 | $298,000 | $560,000 | $111,000 | $239,000 |
| Unverifiable Information | 3 | $1,135,000 | $378,000 | $626,000 | $128,000 | $176,000 |
| Credit Application Incomplete | 1 | $410,000 | $410,000 | $410,000 | $149,000 | $149,000 |
| Employment History | 1 | $417,000 | $417,000 | $417,000 | $168,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rmr Financial, Inc's 2014 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 Rmr Financial, 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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