Security Lending Wholesale Lc Mortgage Lending & HMDA Data, 2003

In 2003, Security Lending Wholesale Lc of Salt Lake City, UT reported 5,872 mortgage applications totaling $960.0 million. The average application was for $163,489, and applicants reported an average income of $65,361. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Salt Lake City-Ogden, UT (2,148), Provo-Orem, UT (555) and Sacramento, CA (422) (applications in parentheses).

Mortgage Company & Address Security Lending Wholesale Lc
1018 West Atherton Drive
Salt Lake City, UT 84123
Tel #: available with data download
Federal Regulator * available with data download
Years 2003  
Total Number of Mortgage Applications 5,872
Total Mortgage Loan Application Amount $960,011,000
Average Mortgage Loan Application Amount $163,489
Highest Mortgage Loan Application Amount $999,000
Average Applicant Income $65,361
Highest Applicant Income $996,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Lending Wholesale Lc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Security Lending Wholesale Lc by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Salt Lake, Utah 1,568 $ 231,730,000 $ 147,786 $ 52,000
Utah, Utah 555 $ 85,479,000 $ 154,016 $ 65,000
Davis, Utah 382 $ 56,958,000 $ 149,104 $ 49,000
Summit, Utah 372 $ 71,360,000 $ 191,827 $ 111,000
Sacramento, California 251 $ 47,225,000 $ 188,147 $ 87,000
Weber, Utah 201 $ 23,006,000 $ 114,457 $ 33,000
Clark, Nevada 159 $ 23,743,000 $ 149,327 $ 61,000
Mesa, Colorado 145 $ 19,972,000 $ 137,737 $ 47,000
San Mateo, California 131 $ 34,754,000 $ 265,297 $ 103,000
Maricopa, Arizona 129 $ 19,853,000 $ 153,899 $ 67,000
Placer, California 107 $ 24,129,000 $ 225,504 $ 129,000
Arapahoe, Colorado 103 $ 17,510,000 $ 170,000 $ 58,000
Marin, California 90 $ 24,104,000 $ 267,822 $ 120,000
Sanpete, Utah 86 $ 9,575,000 $ 111,337 $ 58,000
Washington, Utah 76 $ 9,763,000 $ 128,460 $ 53,000
El Paso, Colorado 74 $ 12,195,000 $ 164,797 $ 35,000
Los Angeles, California 73 $ 16,937,000 $ 232,013 $ 82,000
El Dorado, California 64 $ 12,760,000 $ 199,375 $ 97,000
Denver, Colorado 64 $ 10,559,000 $ 164,984 $ 46,000
Wasatch, Utah 59 $ 9,318,000 $ 157,932 $ 99,000
San Francisco, California 56 $ 15,826,000 $ 282,607 $ 124,000
Tooele, Utah 50 $ 5,870,000 $ 117,400 $ 44,000
Jefferson, Colorado 48 $ 8,658,000 $ 180,375 $ 49,000
Adams, Colorado 37 $ 6,085,000 $ 164,459 $ 44,000
Alameda, California 32 $ 8,007,000 $ 250,218 $ 88,000
Douglas, Colorado 29 $ 6,311,000 $ 217,620 $ 60,000
Box Elder, Utah 29 $ 3,356,000 $ 115,724 $ 60,000
Cache, Utah 29 $ 3,300,000 $ 113,793 $ 85,000
Contra Costa, California 27 $ 6,029,000 $ 223,296 $ 106,000
Sonoma, California 26 $ 6,428,000 $ 247,230 $ 96,000
St. Louis, Missouri 22 $ 2,115,000 $ 96,136 $ 0
Orange, California 21 $ 4,846,000 $ 230,761 $ 95,000
San Diego, California 20 $ 5,337,000 $ 266,850 $ 93,000
Weld, Colorado 19 $ 2,925,000 $ 153,947 $ 67,000
Jefferson, Kentucky 17 $ 1,784,000 $ 104,941 $ 0
Washoe, Nevada 17 $ 2,286,000 $ 134,470 $ 89,000
Yolo, California 16 $ 3,088,000 $ 193,000 $ 99,000
Nevada, California 15 $ 2,782,000 $ 185,466 $ 102,000
Larimer, Colorado 15 $ 2,163,000 $ 144,200 $ 45,000
Boulder, Colorado 13 $ 2,773,000 $ 213,307 $ 83,000
Riverside, California 12 $ 2,259,000 $ 188,250 $ 97,000
Pinal, Arizona 10 $ 1,338,000 $ 133,800 $ 61,000
San Bernardino, California 10 $ 1,292,000 $ 129,200 $ 55,000
Bonneville, Idaho 10 $ 895,000 $ 89,500 $ 38,000
Santa Clara, California 9 $ 1,862,000 $ 206,888 $ 98,000
Ada, Idaho 9 $ 1,099,000 $ 122,111 $ 85,000
Jackson, Missouri 9 $ 810,000 $ 90,000 $ 0
Solano, California 8 $ 1,812,000 $ 226,500 $ 103,000
Elko, Nevada 8 $ 989,000 $ 123,625 $ 57,000
Juab, Utah 8 $ 938,000 $ 117,250 $ 54,000
Fairfield, Connecticut 7 $ 2,308,000 $ 329,714 $ 255,000
St. Louis City, Missouri 7 $ 525,000 $ 75,000 $ 0
Grand, Utah 7 $ 654,000 $ 93,428 $ 47,000
Uinta, Wyoming 7 $ 688,000 $ 98,285 $ 42,000
Harris, Texas 6 $ 546,000 $ 91,000 $ 90,000
Napa, California 5 $ 1,342,000 $ 268,400 $ 158,000
Shasta, California 5 $ 635,000 $ 127,000 $ 80,000
Stanislaus, California 5 $ 902,000 $ 180,400 $ 101,000
Duchesne, Utah 5 $ 566,000 $ 113,200 $ 355,000
Millard, Utah 5 $ 392,000 $ 78,400 $ 71,000
Snohomish, Washington 5 $ 825,000 $ 165,000 $ 63,000
Pima, Arizona 4 $ 389,000 $ 97,250 $ 87,000
Mendocino, California 4 $ 707,000 $ 176,750 $ 57,000
Ventura, California 4 $ 1,674,000 $ 418,500 $ 121,000
Pueblo, Colorado 4 $ 366,000 $ 91,500 $ 34,000
Fremont, Idaho 4 $ 507,000 $ 126,750 $ 106,000
Morgan, Utah 4 $ 627,000 $ 156,750 $ 90,000
Pierce, Washington 4 $ 538,000 $ 134,500 $ 46,000
Fresno, California 3 $ 546,000 $ 182,000 $ 92,000
Monterey, California 3 $ 792,000 $ 264,000 $ 85,000
San Luis Obispo, California 3 $ 608,000 $ 202,666 $ 104,000
Bingham, Idaho 3 $ 285,000 $ 95,000 $ 25,000
Lewis and Clark, Montana 3 $ 710,000 $ 236,666 $ 93,000
Missoula, Montana 3 $ 527,000 $ 175,666 $ 106,000
Tarrant, Texas 3 $ 336,000 $ 112,000 $ 90,000
Carbon, Utah 3 $ 272,000 $ 90,666 $ 50,000
Sevier, Utah 3 $ 399,000 $ 133,000 $ 31,000
Coconino, Arizona 2 $ 170,000 $ 85,000 $ 60,000
Graham, Arizona 2 $ 208,000 $ 104,000 $ 18,000
Yavapai, Arizona 2 $ 259,000 $ 129,500 $ 111,000
Merced, California 2 $ 280,000 $ 140,000 $ 84,000
San Joaquin, California 2 $ 420,000 $ 210,000 $ 100,000
Santa Barbara, California 2 $ 450,000 $ 225,000 $ 132,000
Yuba, California 2 $ 269,000 $ 134,500 $ 105,000
Delta, Colorado 2 $ 135,000 $ 67,500 $ 72,000
Eagle, Colorado 2 $ 545,000 $ 272,500 $ 559,000
Elbert, Colorado 2 $ 396,000 $ 198,000 $ 104,000
Grand, Colorado 2 $ 900,000 $ 450,000 $ 174,000
Teller, Colorado 2 $ 339,000 $ 169,500 $ 59,000
Orange, Florida 2 $ 257,000 $ 128,500 $ 76,000
Sarasota, Florida 2 $ 424,000 $ 212,000 $ 99,000
Walton, Florida 2 $ 131,000 $ 65,500 $ 208,000
Oneida, Idaho 2 $ 154,000 $ 77,000 $ 55,000
Gallatin, Montana 2 $ 283,000 $ 141,500 $ 115,000
Jefferson, Montana 2 $ 277,000 $ 138,500 $ 100,000
Lyon, Nevada 2 $ 288,000 $ 144,000 $ 70,000
Nye, Nevada 2 $ 154,000 $ 77,000 $ 42,000
Saratoga, New York 2 $ 189,000 $ 94,500 $ 0
Lane, Oregon 2 $ 253,000 $ 126,500 $ 0
Marion, Oregon 2 $ 254,000 $ 127,000 $ 11,000
Multnomah, Oregon 2 $ 424,000 $ 212,000 $ 45,000
Collin, Texas 2 $ 383,000 $ 191,500 $ 115,000
Montgomery, Texas 2 $ 182,000 $ 91,000 $ 41,000
Iron, Utah 2 $ 233,000 $ 116,500 $ 25,000
Rich, Utah 2 $ 215,000 $ 107,500 $ 89,000
Uintah, Utah 2 $ 371,000 $ 185,500 $ 122,000
Mohave, Arizona 1 $ 83,000 $ 83,000 $ 31,000
Amador, California 1 $ 122,000 $ 122,000 $ 113,000
Butte, California 1 $ 323,000 $ 323,000 $ 127,000
Calaveras, California 1 $ 115,000 $ 115,000 $ 166,000
Kern, California 1 $ 169,000 $ 169,000 $ 101,000
Santa Cruz, California 1 $ 411,000 $ 411,000 $ 694,000
Sutter, California 1 $ 149,000 $ 149,000 $ 77,000
Tulare, California 1 $ 82,000 $ 82,000 $ 0
Tuolumne, California 1 $ 188,000 $ 188,000 $ 60,000
Alamosa, Colorado 1 $ 120,000 $ 120,000 $ 51,000
Fremont, Colorado 1 $ 185,000 $ 185,000 $ 97,000
Lake, Colorado 1 $ 74,000 $ 74,000 $ 41,000
Montrose, Colorado 1 $ 113,000 $ 113,000 $ 65,000
Morgan, Colorado 1 $ 105,000 $ 105,000 $ 39,000
Park, Colorado 1 $ 162,000 $ 162,000 $ 66,000
Summit, Colorado 1 $ 273,000 $ 273,000 $ 320,000
Litchfield, Connecticut 1 $ 276,000 $ 276,000 $ 108,000
New London, Connecticut 1 $ 180,000 $ 180,000 $ 68,000
Escambia, Florida 1 $ 152,000 $ 152,000 $ 75,000
Lee, Florida 1 $ 68,000 $ 68,000 $ 181,000
Marion, Florida 1 $ 77,000 $ 77,000 $ 0
Pasco, Florida 1 $ 297,000 $ 297,000 $ 700,000
Bannock, Idaho 1 $ 70,000 $ 70,000 $ 77,000
Blaine, Idaho 1 $ 51,000 $ 51,000 $ 96,000
Camas, Idaho 1 $ 212,000 $ 212,000 $ 74,000
Canyon, Idaho 1 $ 73,000 $ 73,000 $ 23,000
Caribou, Idaho 1 $ 94,000 $ 94,000 $ 52,000
Cassia, Idaho 1 $ 123,000 $ 123,000 $ 43,000
Jefferson, Idaho 1 $ 323,000 $ 323,000 $ 180,000
Madison, Idaho 1 $ 180,000 $ 180,000 $ 53,000
Teton, Idaho 1 $ 138,000 $ 138,000 $ 37,000
Pottawattamie, Iowa 1 $ 41,000 $ 41,000 $ 52,000
Orleans, Louisiana 1 $ 244,000 $ 244,000 $ 110,000
Oakland, Michigan 1 $ 300,000 $ 300,000 $ 262,000
Cascade, Montana 1 $ 102,000 $ 102,000 $ 0
Lincoln, Montana 1 $ 46,000 $ 46,000 $ 0
Carson City, Nevada 1 $ 237,000 $ 237,000 $ 72,000
Humboldt, Nevada 1 $ 101,000 $ 101,000 $ 76,000
Lincoln, Nevada 1 $ 106,000 $ 106,000 $ 36,000
Bernalillo, New Mexico 1 $ 81,000 $ 81,000 $ 0
Rensselaer, New York 1 $ 120,000 $ 120,000 $ 0
Forsyth, North Carolina 1 $ 431,000 $ 431,000 $ 285,000
Robeson, North Carolina 1 $ 46,000 $ 46,000 $ 66,000
Wake, North Carolina 1 $ 117,000 $ 117,000 $ 31,000
Clackamas, Oregon 1 $ 168,000 $ 168,000 $ 172,000
Deschutes, Oregon 1 $ 104,000 $ 104,000 $ 0
Douglas, Oregon 1 $ 273,000 $ 273,000 $ 94,000
Hood River, Oregon 1 $ 155,000 $ 155,000 $ 82,000
Polk, Oregon 1 $ 117,000 $ 117,000 $ 30,000
Washington, Oregon 1 $ 181,000 $ 181,000 $ 41,000
Greenwood, South Carolina 1 $ 400,000 $ 400,000 $ 233,000
Richland, South Carolina 1 $ 331,000 $ 331,000 $ 173,000
Bell, Texas 1 $ 70,000 $ 70,000 $ 38,000
Bexar, Texas 1 $ 90,000 $ 90,000 $ 38,000
Burnet, Texas 1 $ 50,000 $ 50,000 $ 46,000
Cameron, Texas 1 $ 58,000 $ 58,000 $ 32,000
Dallas, Texas 1 $ 100,000 $ 100,000 $ 52,000
Fort Bend, Texas 1 $ 95,000 $ 95,000 $ 86,000
Galveston, Texas 1 $ 91,000 $ 91,000 $ 79,000
Jefferson, Texas 1 $ 81,000 $ 81,000 $ 120,000
Travis, Texas 1 $ 106,000 $ 106,000 $ 0
Williamson, Texas 1 $ 161,000 $ 161,000 $ 106,000
Kane, Utah 1 $ 79,000 $ 79,000 $ 37,000
Wayne, Utah 1 $ 139,000 $ 139,000 $ 110,000
Clark, Washington 1 $ 146,000 $ 146,000 $ 0
Kitsap, Washington 1 $ 93,000 $ 93,000 $ 0
Skagit, Washington 1 $ 102,000 $ 102,000 $ 34,000
Whatcom, Washington 1 $ 176,000 $ 176,000 $ 86,000
Lincoln, Wyoming 1 $ 94,000 $ 94,000 $ 68,000
Sheridan, Wyoming 1 $ 250,000 $ 250,000 $ 175,000
Sweetwater, Wyoming 1 $ 90,000 $ 90,000 $ 82,000

Mortgage Loan Application Detail Totals for Security Lending Wholesale Lc in 2003

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 (home purchase or home improvement, one-to-four family) 4,510 $750,965,000 $156,950 $999,000 $68,000 $994,000
Home Purchase (one-to-four family) 1,289 $197,285,000 $177,933 $800,000 $118,600 $996,000
Home Improvement (one-to-four family) 73 $11,761,000 $142,000 $375,000 $50,888 $379,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 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
White 4,721 $771,032,000 $169,318 $999,000 $90,363 $994,000
Information not provided by applicant in mail or telephone application 583 $97,865,000 $147,333 $800,000 $85,733 $996,000
Hispanic 330 $48,204,000 $120,636 $640,000 $37,818 $262,000
Asian or Pacific Islander 145 $27,933,000 $184,000 $522,000 $86,857 $360,000
Black 79 $12,697,000 $169,900 $425,000 $53,200 $358,000
American Indian or Alaskan Native 14 $2,280,000 $142,800 $264,000 $74,000 $240,000
Not applicable 0 $0 $0 $0 $0 $0
Other 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) 4,689 $804,635,000 $178,250 $999,000 $107,600 $996,000
FHA-insured (Federal Housing Administration) 1,057 $136,288,000 $113,428 $269,000 $18,785 $611,000
VA-guaranteed (Veterans Administration) 126 $19,088,000 $151,000 $263,000 $25,125 $129,000
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 4,618 $759,804,000 $155,555 $728,000 $73,611 $996,000
Application Approved But Not Accepted 561 $95,016,000 $216,400 $999,000 $103,133 $696,000
Application Denied By Financial Institution 486 $70,711,000 $142,687 $999,000 $67,000 $780,000
File Closed For Incompleteness 207 $34,480,000 $152,300 $900,000 $71,900 $486,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 244 $34,647,000 $147,769 $520,000 $68,000 $780,000
Debt-To-Income Ratio 96 $14,454,000 $157,857 $800,000 $73,285 $420,000
Other 63 $10,360,000 $175,700 $999,000 $78,200 $444,000
Collateral 51 $7,295,000 $154,142 $443,000 $80,571 $254,000
Employment History 21 $2,311,000 $101,200 $217,000 $75,800 $268,000
Insufficient Cash (Downpayment, Closing Cost) 5 $757,000 $155,500 $250,000 $27,250 $96,000
Unverifiable Information 4 $567,000 $141,000 $181,000 $54,000 $108,000
Credit Application Incomplete 2 $320,000 $160,000 $169,000 $47,000 $95,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Lending Wholesale Lc's 2003 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 Security Lending Wholesale Lc'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.
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