Rms & Associates Mortgage Lending & HMDA Data, 2023
In 2023, Rms & Associates of Las Vegas, NV reported 143 mortgage applications totaling $45.9 million, down 52% from 2022. The average application was for $320,664, and applicants reported an average income of $98,671. 90% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (132), Los Angeles-Long Beach-Glendale, CA (2) and Oakland-Hayward-Berkeley, CA (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 | 143 |
| Total Mortgage Loan Application Amount | $45,855,000 |
| Average Mortgage Loan Application Amount | $320,664 |
| Highest Mortgage Loan Application Amount | $725,000 |
| Average Applicant Income | $98,671 |
| Highest Applicant Income | $511,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 132 | $ 43,080,000 | $ 326,363 | $ 100,000 |
| Nye, Nevada | 5 | $ 1,425,000 | $ 285,000 | $ 86,000 |
| Los Angeles, California | 2 | $ 520,000 | $ 260,000 | $ 84,000 |
| Kane, Utah | 2 | $ 580,000 | $ 290,000 | $ 113,000 |
| Alameda, California | 1 | $ 125,000 | $ 125,000 | $ 44,000 |
| Garfield, Utah | 1 | $ 125,000 | $ 125,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2023
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 | 127 | $42,055,000 | $331,000 | $725,000 | $101,000 | $511,000 |
| Cash-out Refinancing | 15 | $3,645,000 | $243,000 | $535,000 | $81,000 | $147,000 |
| Refinancing | 1 | $155,000 | $155,000 | $155,000 | $68,000 | $68,000 |
| 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 | 100 | $31,820,000 | $318,000 | $715,000 | $89,000 | $278,000 |
| White | 29 | $9,385,000 | $323,000 | $725,000 | $115,000 | $339,000 |
| Asian | 11 | $3,695,000 | $335,000 | $515,000 | $151,000 | $511,000 |
| Black or African American | 2 | $480,000 | $240,000 | $355,000 | $71,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $475,000 | $475,000 | $475,000 | $131,000 | $131,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 72 | $23,370,000 | $324,000 | $535,000 | $84,000 | $147,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 69 | $21,815,000 | $316,000 | $725,000 | $114,000 | $511,000 |
| VA-guaranteed (Veterans Administration) | 2 | $670,000 | $335,000 | $365,000 | $131,000 | $152,000 |
| 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 | 128 | $40,850,000 | $319,000 | $725,000 | $99,000 | $511,000 |
| Application Withdrawn By Applicant | 15 | $5,005,000 | $333,000 | $535,000 | $96,000 | $197,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 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 | 143 | $45,855,000 | $320,000 | $725,000 | $99,000 | $511,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2023 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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