Rms & Associates Mortgage Lending & HMDA Data, 2018
In 2018, Rms & Associates of Las Vegas, NV reported 677 mortgage applications totaling $152.2 million, down 28% from 2017. The average application was for $224,748, and applicants reported an average income of $69,914. 98% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (667), Ogden-Clearfield, UT (2) and Riverside-San Bernardino-Ontario, CA (2) (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 | 677 |
| Total Mortgage Loan Application Amount | $152,155,000 |
| Average Mortgage Loan Application Amount | $224,748 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $69,914 |
| Highest Applicant Income | $369,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Las Vegas-Henderson-Paradise, NV | 667 | $ 150,045,000 | $ 224,955 | $ 69,000 |
| Outside any metro area | 4 | $ 840,000 | $ 210,000 | $ 93,000 |
| Ogden-Clearfield, UT | 2 | $ 590,000 | $ 295,000 | $ 82,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 380,000 | $ 190,000 | $ 109,000 |
| Bakersfield, CA | 1 | $ 155,000 | $ 155,000 | $ 118,000 |
| Merced, CA | 1 | $ 145,000 | $ 145,000 | $ 53,000 |
Mortgage Loan Application Detail Totals for Rms & Associates in 2018
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 | 565 | $129,085,000 | $228,000 | $555,000 | $70,000 | $294,000 |
| Cash-out Refinancing | 79 | $15,355,000 | $194,000 | $355,000 | $63,000 | $220,000 |
| Refinancing | 33 | $7,715,000 | $233,000 | $705,000 | $85,000 | $369,000 |
| 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 | 382 | $79,500,000 | $208,000 | $555,000 | $58,000 | $173,000 |
| White | 214 | $51,780,000 | $241,000 | $705,000 | $85,000 | $369,000 |
| Asian | 51 | $13,285,000 | $260,000 | $455,000 | $85,000 | $240,000 |
| Black or African American | 24 | $5,930,000 | $247,000 | $455,000 | $81,000 | $230,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $775,000 | $258,000 | $285,000 | $81,000 | $109,000 |
| American Indian or Alaskan Native | 1 | $225,000 | $225,000 | $225,000 | $46,000 | $46,000 |
| Not Provided | 1 | $245,000 | $245,000 | $245,000 | $59,000 | $59,000 |
| 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) | 506 | $113,580,000 | $224,000 | $705,000 | $71,000 | $369,000 |
| FHA-insured (Federal Housing Administration) | 149 | $32,355,000 | $217,000 | $295,000 | $62,000 | $230,000 |
| VA-guaranteed (Veterans Administration) | 22 | $6,220,000 | $282,000 | $555,000 | $86,000 | $172,000 |
| 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 | 662 | $149,350,000 | $225,000 | $705,000 | $70,000 | $369,000 |
| Application Withdrawn By Applicant | 12 | $2,460,000 | $205,000 | $355,000 | $70,000 | $162,000 |
| Application Denied By Financial Institution | 3 | $345,000 | $115,000 | $185,000 | $56,000 | $82,000 |
| 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 | 674 | $151,810,000 | $225,000 | $705,000 | $70,000 | $369,000 |
| Debt-To-Income Ratio | 3 | $345,000 | $115,000 | $185,000 | $56,000 | $82,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2018 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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