Rms & Associates Mortgage Lending & HMDA Data, 2014
In 2014, Rms & Associates of Las Vegas, NV reported 1,034 mortgage applications totaling $178.4 million, up 17% from 2013. The average application was for $172,565, and applicants reported an average income of $62,828. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (854), Riverside-San Bernardino-Ontario, CA (2) and San Diego-Carlsbad, 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 | 1,034 |
| Total Mortgage Loan Application Amount | $178,433,000 |
| Average Mortgage Loan Application Amount | $172,565 |
| Highest Mortgage Loan Application Amount | $704,000 |
| Average Applicant Income | $62,828 |
| Highest Applicant Income | $1,029,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rms & Associates 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 | 909 | $155,919,000 | $171,000 | $476,000 | $60,000 | $1,029,000 |
| Refinancing | 120 | $21,513,000 | $179,000 | $704,000 | $84,000 | $660,000 |
| Home Improvement | 5 | $1,001,000 | $200,000 | $382,000 | $69,000 | $110,000 |
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 | 527 | $76,680,000 | $145,000 | $340,000 | $44,000 | $145,000 |
| White | 366 | $74,349,000 | $203,000 | $704,000 | $88,000 | $1,029,000 |
| Asian | 74 | $14,378,000 | $194,000 | $417,000 | $72,000 | $217,000 |
| Black or African American | 44 | $8,007,000 | $181,000 | $372,000 | $58,000 | $158,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $2,940,000 | $226,000 | $476,000 | $74,000 | $148,000 |
| Not Provided | 9 | $1,893,000 | $210,000 | $398,000 | $67,000 | $137,000 |
| American Indian or Alaskan Native | 1 | $186,000 | $186,000 | $186,000 | $78,000 | $78,000 |
| 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) | 633 | $101,812,000 | $160,000 | $399,000 | $50,000 | $203,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 328 | $60,462,000 | $184,000 | $704,000 | $86,000 | $1,029,000 |
| VA-guaranteed (Veterans Administration) | 73 | $16,159,000 | $221,000 | $476,000 | $68,000 | $199,000 |
| 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 | 899 | $155,542,000 | $173,000 | $704,000 | $62,000 | $1,029,000 |
| Application Denied By Financial Institution | 48 | $8,282,000 | $172,000 | $396,000 | $72,000 | $281,000 |
| Application Withdrawn By Applicant | 40 | $6,840,000 | $171,000 | $382,000 | $63,000 | $183,000 |
| Application Approved But Not Accepted | 34 | $5,251,000 | $154,000 | $293,000 | $63,000 | $459,000 |
| File Closed For Incompleteness | 13 | $2,518,000 | $193,000 | $417,000 | $60,000 | $167,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 15 | $3,027,000 | $201,000 | $347,000 | $78,000 | $182,000 |
| Debt-To-Income Ratio | 8 | $1,129,000 | $141,000 | $196,000 | $45,000 | $92,000 |
| Unverifiable Information | 5 | $929,000 | $185,000 | $323,000 | $45,000 | $66,000 |
| Other | 4 | $614,000 | $153,000 | $192,000 | $88,000 | $134,000 |
| Collateral | 4 | $380,000 | $95,000 | $147,000 | $38,000 | $60,000 |
| Credit Application Incomplete | 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 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 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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