Rms & Associates Mortgage Lending & HMDA Data, 2013
In 2013, Rms & Associates of Las Vegas, NV reported 883 mortgage applications totaling $143.1 million, up 964% from 2012. The average application was for $162,039, and applicants reported an average income of $73,592. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Las Vegas-Paradise, NV (741), Los Angeles-Long Beach-Glendale, CA (1) and Provo-Orem, UT (1) (applications in parentheses).
| Mortgage Company & Address | Rms & Associates 3585 E. Flamingo, #103 Las Vegas, NV 89121 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 883 |
| Total Mortgage Loan Application Amount | $143,081,000 |
| Average Mortgage Loan Application Amount | $162,039 |
| Highest Mortgage Loan Application Amount | $626,000 |
| Average Applicant Income | $73,592 |
| Highest Applicant Income | $1,064,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Clark, Nevada | 741 | $ 118,027,000 | $ 159,280 | $ 71,000 |
| Clark, Arkansas | 1 | $ 417,000 | $ 417,000 | $ 135,000 |
| Los Angeles, California | 1 | $ 157,000 | $ 157,000 | $ 79,000 |
| San Bernardino, California | 1 | $ 190,000 | $ 190,000 | $ 71,000 |
| San Diego, California | 1 | $ 124,000 | $ 124,000 | $ 76,000 |
| Santa Cruz, California | 1 | $ 404,000 | $ 404,000 | $ 61,000 |
| Washoe, Nevada | 1 | $ 315,000 | $ 315,000 | $ 90,000 |
| Kane, Utah | 1 | $ 105,000 | $ 105,000 | $ 116,000 |
| Utah, Utah | 1 | $ 158,000 | $ 158,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2013
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 | 734 | $116,061,000 | $158,000 | $451,000 | $72,000 | $1,064,000 |
| Refinancing | 147 | $26,752,000 | $181,000 | $626,000 | $82,000 | $412,000 |
| Home Improvement | 2 | $268,000 | $134,000 | $168,000 | $40,000 | $48,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 425 | $56,428,000 | $132,000 | $417,000 | $42,000 | $219,000 |
| White | 301 | $57,825,000 | $192,000 | $626,000 | $90,000 | $830,000 |
| Asian | 82 | $14,781,000 | $180,000 | $360,000 | $162,000 | $1,064,000 |
| Black or African American | 39 | $7,183,000 | $184,000 | $363,000 | $68,000 | $312,000 |
| Not Provided | 24 | $4,265,000 | $177,000 | $451,000 | $99,000 | $737,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $2,234,000 | $203,000 | $352,000 | $81,000 | $140,000 |
| American Indian or Alaskan Native | 1 | $365,000 | $365,000 | $365,000 | $181,000 | $181,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 548 | $82,930,000 | $151,000 | $407,000 | $51,000 | $677,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 294 | $50,940,000 | $173,000 | $626,000 | $114,000 | $1,064,000 |
| VA-guaranteed (Veterans Administration) | 41 | $9,211,000 | $224,000 | $451,000 | $78,000 | $185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 Originated | 823 | $133,475,000 | $162,000 | $626,000 | $72,000 | $1,064,000 |
| Application Approved But Not Accepted | 34 | $4,881,000 | $143,000 | $300,000 | $88,000 | $994,000 |
| Application Denied By Financial Institution | 17 | $3,136,000 | $184,000 | $407,000 | $62,000 | $117,000 |
| Application Withdrawn By Applicant | 9 | $1,589,000 | $176,000 | $417,000 | $101,000 | $213,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 7 | $1,631,000 | $233,000 | $407,000 | $72,000 | $117,000 |
| Collateral | 1 | $119,000 | $119,000 | $119,000 | $27,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $170,000 | $170,000 | $170,000 | $47,000 | $47,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2013 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 Rms & Associates'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 Nevada, download the full spreadsheet
with aggregated HMDA statistics today.
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