Security Service Mortgage Lending & HMDA Data, 2011

In 2011, Security Service of San Antonio, TX reported 1,703 mortgage applications totaling $155.7 million, down 15% from 2010. The average application was for $91,405, and applicants reported an average income of $83,687. 50% of its applications resulted in an originated loan and 29% were denied. Its largest markets were San Antonio-New Braunfels, TX (1,166), McAllen-Edinburg-Mission, TX (60) and Denver-Aurora-Broomfield, CO (40) (applications in parentheses).

Mortgage Company & Address Security Service
15000 W Interstate 10 Bldg 4
San Antonio, TX 78249
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 1,703
Total Mortgage Loan Application Amount $155,663,000
Average Mortgage Loan Application Amount $91,405
Highest Mortgage Loan Application Amount $1,388,000
Average Applicant Income $83,687
Highest Applicant Income $1,459,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Service by Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
San Antonio-New Braunfels, TX 1,166 $ 101,079,000 $ 86,688 $ 80,000
McAllen-Edinburg-Mission, TX 60 $ 7,461,000 $ 124,350 $ 127,000
Denver-Aurora-Broomfield, CO 40 $ 5,898,000 $ 147,450 $ 100,000
Colorado Springs, CO 38 $ 2,492,000 $ 65,578 $ 70,000
Brownsville-Harlingen, TX 37 $ 2,960,000 $ 80,000 $ 60,000
Corpus Christi, TX 32 $ 2,063,000 $ 64,468 $ 88,000
Austin-Round Rock-San Marcos, TX 31 $ 10,630,000 $ 342,903 $ 202,000
Pueblo, CO 27 $ 1,323,000 $ 49,000 $ 59,000
Fort Collins-Loveland, CO 15 $ 1,046,000 $ 69,733 $ 71,000
El Paso, TX 14 $ 650,000 $ 46,428 $ 73,000
Provo-Orem, UT 12 $ 806,000 $ 67,166 $ 80,000
Laredo, TX 11 $ 988,000 $ 89,818 $ 92,000
Dallas-Plano-Irving, TX 10 $ 2,012,000 $ 201,200 $ 132,000
Greeley, CO 10 $ 710,000 $ 71,000 $ 84,000
Houston-Sugar Land-Baytown, TX 7 $ 464,000 $ 66,285 $ 112,000
Boulder, CO 6 $ 676,000 $ 112,666 $ 61,000
Killeen-Temple-Fort Hood, TX 3 $ 326,000 $ 108,666 $ 58,000
Salt Lake City, UT 2 $ 135,000 $ 67,500 $ 36,000
Abilene, TX 1 $ 22,000 $ 22,000 $ 50,000
Fort Worth-Arlington, TX 1 $ 137,000 $ 137,000 $ 117,000
Grand Junction, CO 1 $ 30,000 $ 30,000 $ 84,000

Mortgage Loan Application Detail Totals for Security Service in 2011

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 967 $82,947,000 $85,000 $1,240,000 $79,000 $1,220,000
Home Improvement 441 $14,121,000 $32,000 $236,000 $67,000 $920,000
Home Purchase 295 $58,595,000 $198,000 $1,388,000 $124,000 $1,459,000

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 725 $50,720,000 $69,000 $880,000 $68,000 $986,000
White 550 $78,821,000 $143,000 $1,388,000 $111,000 $1,459,000
Not Provided 367 $21,468,000 $58,000 $561,000 $73,000 $786,000
Black or African American 29 $2,105,000 $72,000 $279,000 $75,000 $292,000
Asian 21 $1,936,000 $92,000 $172,000 $94,000 $179,000
American Indian or Alaskan Native 7 $444,000 $63,000 $115,000 $63,000 $150,000
Native Hawaiian or Other Pacific Islander 4 $169,000 $42,000 $45,000 $116,000 $187,000
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) 1,691 $153,421,000 $90,000 $1,388,000 $83,000 $1,459,000
VA-guaranteed (Veterans Administration) 7 $1,566,000 $223,000 $279,000 $118,000 $193,000
FHA-insured (Federal Housing Administration) 5 $676,000 $135,000 $204,000 $75,000 $134,000
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 848 $89,056,000 $105,000 $1,388,000 $95,000 $1,459,000
Application Denied By Financial Institution 488 $33,888,000 $69,000 $880,000 $62,000 $986,000
Application Withdrawn By Applicant 330 $27,079,000 $82,000 $586,000 $82,000 $786,000
File Closed For Incompleteness 33 $5,086,000 $154,000 $410,000 $103,000 $212,000
Application Approved But Not Accepted 4 $554,000 $138,000 $291,000 $72,000 $135,000
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 254 $11,010,000 $43,000 $203,000 $53,000 $228,000
Debt-To-Income Ratio 125 $11,842,000 $94,000 $860,000 $51,000 $321,000
Other 64 $3,261,000 $50,000 $291,000 $77,000 $550,000
Collateral 35 $6,076,000 $173,000 $880,000 $140,000 $986,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,242,000 $310,000 $747,000 $109,000 $193,000
Employment History 3 $153,000 $51,000 $59,000 $59,000 $80,000
Mortgage Insurance Denied 1 $258,000 $258,000 $258,000 $74,000 $74,000
Unverifiable Information 1 $36,000 $36,000 $36,000 $19,000 $19,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Service's 2011 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 Service'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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