Royal Bank America Mortgage Lending & HMDA Data, 2016
In 2016, Royal Bank America of Narberth, PA reported 83 mortgage applications totaling $48.1 million, down 10% from 2015. The average application was for $579,807, and applicants reported an average income of $57,433. 60% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Philadelphia, PA (49), Montgomery County-Bucks County-Chester County, PA (11) and Camden, NJ (6) (applications in parentheses).
| Mortgage Company & Address | Royal Bank America 732 Montgomery Avenue Narberth, PA 19072 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 83 |
| Total Mortgage Loan Application Amount | $48,124,000 |
| Average Mortgage Loan Application Amount | $579,807 |
| Highest Mortgage Loan Application Amount | $6,359,000 |
| Average Applicant Income | $57,433 |
| Highest Applicant Income | $770,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Royal Bank America filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Philadelphia, Pennsylvania | 44 | $ 29,862,000 | $ 678,681 | $ 68,000 |
| Montgomery, Pennsylvania | 9 | $ 1,878,000 | $ 208,666 | $ 72,000 |
| Camden, New Jersey | 6 | $ 2,692,000 | $ 448,666 | $ 27,000 |
| Fairfield, Connecticut | 5 | $ 3,607,000 | $ 721,400 | $ 0 |
| Delaware, Pennsylvania | 5 | $ 2,840,000 | $ 568,000 | $ 0 |
| Mercer, New Jersey | 3 | $ 328,000 | $ 109,333 | $ 177,000 |
| Cape May, New Jersey | 2 | $ 70,000 | $ 35,000 | $ 67,000 |
| Hudson, New Jersey | 2 | $ 374,000 | $ 187,000 | $ 0 |
| Litchfield, Connecticut | 1 | $ 717,000 | $ 717,000 | $ 0 |
| New Haven, Connecticut | 1 | $ 538,000 | $ 538,000 | $ 0 |
| New York, New York | 1 | $ 4,050,000 | $ 4,050,000 | $ 0 |
| Westchester, New York | 1 | $ 906,000 | $ 906,000 | $ 0 |
| Bucks, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 238,000 |
| Chester, Pennsylvania | 1 | $ 62,000 | $ 62,000 | $ 44,000 |
| Richmond City, Virginia | 1 | $ 15,000 | $ 15,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for Royal Bank America 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 |
|---|---|---|---|---|---|---|
| Refinancing | 50 | $19,522,000 | $390,000 | $4,050,000 | $63,000 | $770,000 |
| Home Purchase | 26 | $26,133,000 | $1,005,000 | $6,359,000 | $49,000 | $660,000 |
| Home Improvement | 7 | $2,469,000 | $352,000 | $1,425,000 | $49,000 | $91,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 45 | $41,756,000 | $927,000 | $6,359,000 | $0 | $0 |
| White | 17 | $4,261,000 | $250,000 | $1,260,000 | $180,000 | $770,000 |
| Not Provided | 14 | $1,395,000 | $99,000 | $500,000 | $68,000 | $153,000 |
| Hispanic | 5 | $511,000 | $102,000 | $185,000 | $78,000 | $238,000 |
| Asian | 1 | $186,000 | $186,000 | $186,000 | $351,000 | $351,000 |
| Black or African American | 1 | $15,000 | $15,000 | $15,000 | $24,000 | $24,000 |
| Native Hawaiin or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 83 | $48,124,000 | $579,000 | $6,359,000 | $57,000 | $770,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 50 | $37,143,000 | $742,000 | $6,359,000 | $52,000 | $660,000 |
| Application Denied By Financial Institution | 13 | $2,736,000 | $210,000 | $1,450,000 | $50,000 | $153,000 |
| Loan Purchased By The Institution | 10 | $6,142,000 | $614,000 | $909,000 | $0 | $0 |
| File Closed For Incompleteness | 6 | $683,000 | $113,000 | $250,000 | $179,000 | $770,000 |
| Application Withdrawn By Applicant | 4 | $1,420,000 | $355,000 | $1,260,000 | $102,000 | $280,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Royal Bank America'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 Royal Bank America'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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