Rms & Associates Mortgage Lending & HMDA Data, 2022
In 2022, Rms & Associates of Las Vegas, NV reported 295 mortgage applications totaling $89.3 million, down 60% from 2021. The average application was for $302,593, and applicants reported an average income of $94,755. 95% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (262), Riverside-San Bernardino-Ontario, CA (10) and Los Angeles-Long Beach-Glendale, CA (4) (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 | 295 |
| Total Mortgage Loan Application Amount | $89,265,000 |
| Average Mortgage Loan Application Amount | $302,593 |
| Highest Mortgage Loan Application Amount | $635,000 |
| Average Applicant Income | $94,755 |
| Highest Applicant Income | $600,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 262 | $ 79,800,000 | $ 304,580 | $ 94,000 |
| San Bernardino, California | 7 | $ 1,245,000 | $ 177,857 | $ 65,000 |
| Los Angeles, California | 4 | $ 1,200,000 | $ 300,000 | $ 119,000 |
| Nye, Nevada | 4 | $ 1,270,000 | $ 317,500 | $ 86,000 |
| Kern, California | 3 | $ 805,000 | $ 268,333 | $ 118,000 |
| Riverside, California | 3 | $ 775,000 | $ 258,333 | $ 75,000 |
| San Diego, California | 3 | $ 1,625,000 | $ 541,666 | $ 285,000 |
| Stanislaus, California | 2 | $ 540,000 | $ 270,000 | $ 54,000 |
| Contra Costa, California | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Merced, California | 1 | $ 275,000 | $ 275,000 | $ 109,000 |
| Monterey, California | 1 | $ 85,000 | $ 85,000 | $ 40,000 |
| Orange, California | 1 | $ 545,000 | $ 545,000 | $ 102,000 |
| San Joaquin, California | 1 | $ 275,000 | $ 275,000 | $ 47,000 |
| Tuolumne, California | 1 | $ 315,000 | $ 315,000 | $ 95,000 |
| Washoe, Nevada | 1 | $ 185,000 | $ 185,000 | $ 38,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2022
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 | 176 | $59,600,000 | $338,000 | $635,000 | $105,000 | $600,000 |
| Cash-out Refinancing | 83 | $19,995,000 | $240,000 | $575,000 | $79,000 | $254,000 |
| Refinancing | 36 | $9,670,000 | $268,000 | $545,000 | $81,000 | $235,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 130 | $39,380,000 | $302,000 | $625,000 | $84,000 | $393,000 |
| White | 119 | $37,105,000 | $311,000 | $635,000 | $111,000 | $600,000 |
| Asian | 24 | $6,810,000 | $283,000 | $605,000 | $86,000 | $198,000 |
| Black or African American | 15 | $4,215,000 | $281,000 | $525,000 | $76,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $990,000 | $247,000 | $285,000 | $102,000 | $194,000 |
| Not Provided | 3 | $765,000 | $255,000 | $415,000 | $79,000 | $150,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 209 | $62,225,000 | $297,000 | $635,000 | $101,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 71 | $20,945,000 | $295,000 | $505,000 | $77,000 | $262,000 |
| VA-guaranteed (Veterans Administration) | 15 | $6,095,000 | $406,000 | $545,000 | $88,000 | $181,000 |
| 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 | 280 | $84,610,000 | $302,000 | $635,000 | $95,000 | $600,000 |
| Application Withdrawn By Applicant | 12 | $4,010,000 | $334,000 | $605,000 | $97,000 | $324,000 |
| Application Denied By Financial Institution | 3 | $645,000 | $215,000 | $255,000 | $40,000 | $55,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 292 | $88,620,000 | $303,000 | $635,000 | $95,000 | $600,000 |
| Collateral | 1 | $255,000 | $255,000 | $255,000 | $55,000 | $55,000 |
| Debt-To-Income Ratio | 1 | $205,000 | $205,000 | $205,000 | $25,000 | $25,000 |
| Employment History | 1 | $185,000 | $185,000 | $185,000 | $41,000 | $41,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 Rms & Associates's 2022 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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