Rms & Associates Mortgage Lending & HMDA Data, 2016
In 2016, Rms & Associates of Las Vegas, NV reported 907 mortgage applications totaling $180.1 million, down 14% from 2015. The average application was for $198,520, and applicants reported an average income of $70,194. 92% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Las Vegas-Henderson-Paradise, NV (897), Albany, OR (2) and Anaheim-Santa Ana-Irvine, 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 | 907 |
| Total Mortgage Loan Application Amount | $180,058,000 |
| Average Mortgage Loan Application Amount | $198,520 |
| Highest Mortgage Loan Application Amount | $720,000 |
| Average Applicant Income | $70,194 |
| Highest Applicant Income | $976,000 |
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Act (HMDA) records Rms & Associates filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 717 | $141,897,000 | $197,000 | $562,000 | $68,000 | $976,000 |
| Refinancing | 180 | $36,212,000 | $201,000 | $720,000 | $78,000 | $432,000 |
| Home Improvement | 10 | $1,949,000 | $194,000 | $408,000 | $87,000 | $281,000 |
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 | 477 | $81,788,000 | $171,000 | $417,000 | $50,000 | $220,000 |
| White | 319 | $75,039,000 | $235,000 | $720,000 | $95,000 | $824,000 |
| Asian | 58 | $11,835,000 | $204,000 | $360,000 | $70,000 | $234,000 |
| Black or African American | 34 | $7,310,000 | $215,000 | $408,000 | $104,000 | $976,000 |
| Native Hawaiin or Other Pacific Islander | 10 | $2,031,000 | $203,000 | $295,000 | $88,000 | $155,000 |
| Not Provided | 7 | $1,617,000 | $231,000 | $293,000 | $118,000 | $420,000 |
| American Indian or Alaskan Native | 2 | $438,000 | $219,000 | $359,000 | $236,000 | $432,000 |
| 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) | 463 | $84,224,000 | $181,000 | $294,000 | $54,000 | $420,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 392 | $81,680,000 | $208,000 | $720,000 | $88,000 | $976,000 |
| VA-guaranteed (Veterans Administration) | 52 | $14,154,000 | $272,000 | $562,000 | $88,000 | $297,000 |
| 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 | 838 | $165,945,000 | $198,000 | $720,000 | $71,000 | $976,000 |
| Application Approved But Not Accepted | 39 | $7,886,000 | $202,000 | $720,000 | $71,000 | $186,000 |
| Application Withdrawn By Applicant | 22 | $4,375,000 | $198,000 | $383,000 | $74,000 | $432,000 |
| Application Denied By Financial Institution | 8 | $1,852,000 | $231,000 | $560,000 | $73,000 | $173,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $459,000 | $229,000 | $263,000 | $58,000 | $63,000 |
| Debt-To-Income Ratio | 2 | $362,000 | $181,000 | $208,000 | $55,000 | $76,000 |
| Employment History | 2 | $363,000 | $181,000 | $201,000 | $82,000 | $115,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $668,000 | $334,000 | $560,000 | $99,000 | $173,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rms & Associates's 2016 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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