Security Service Mortgage Lending & HMDA Data, 2012

In 2012, Security Service of San Antonio, TX reported 2,074 mortgage applications totaling $206.4 million, up 22% from 2011. The average application was for $99,516, and applicants reported an average income of $82,462. 61% of its applications resulted in an originated loan and 21% were denied. Its largest markets were San Antonio-New Braunfels, TX (1,429), McAllen-Edinburg-Mission, TX (71) and Colorado Springs, CO (62) (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 2,074
Total Mortgage Loan Application Amount $206,398,000
Average Mortgage Loan Application Amount $99,516
Highest Mortgage Loan Application Amount $1,620,000
Average Applicant Income $82,462
Highest Applicant Income $1,667,000

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Act (HMDA) records Security Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012

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 1,429 $ 135,410,000 $ 94,758 $ 81,000
McAllen-Edinburg-Mission, TX 71 $ 4,487,000 $ 63,197 $ 60,000
Colorado Springs, CO 62 $ 6,987,000 $ 112,693 $ 72,000
Denver-Aurora-Broomfield, CO 59 $ 8,469,000 $ 143,542 $ 88,000
Brownsville-Harlingen, TX 55 $ 4,438,000 $ 80,690 $ 70,000
Austin-Round Rock-San Marcos, TX 47 $ 10,591,000 $ 225,340 $ 119,000
Corpus Christi, TX 44 $ 3,622,000 $ 82,318 $ 88,000
Pueblo, CO 34 $ 2,502,000 $ 73,588 $ 62,000
El Paso, TX 26 $ 1,893,000 $ 72,807 $ 59,000
Provo-Orem, UT 24 $ 2,594,000 $ 108,083 $ 73,000
Houston-Sugar Land-Baytown, TX 20 $ 3,643,000 $ 182,150 $ 250,000
Fort Collins-Loveland, CO 19 $ 2,016,000 $ 106,105 $ 94,000
Greeley, CO 13 $ 1,617,000 $ 124,384 $ 56,000
Boulder, CO 10 $ 2,021,000 $ 202,100 $ 117,000
Salt Lake City, UT 10 $ 1,815,000 $ 181,500 $ 79,000
Dallas-Plano-Irving, TX 9 $ 1,112,000 $ 123,555 $ 135,000
Laredo, TX 8 $ 507,000 $ 63,375 $ 75,000
St. George, UT 8 $ 966,000 $ 120,750 $ 58,000
College Station-Bryan, TX 4 $ 473,000 $ 118,250 $ 271,000
Fort Worth-Arlington, TX 3 $ 380,000 $ 126,666 $ 120,000
Grand Junction, CO 3 $ 397,000 $ 132,333 $ 50,000
Killeen-Temple-Fort Hood, TX 3 $ 453,000 $ 151,000 $ 134,000
Victoria, TX 2 $ 274,000 $ 137,000 $ 85,000
Wichita, KS 1 $ 7,000 $ 7,000 $ 27,000

Mortgage Loan Application Detail Totals for Security Service in 2012

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 1,252 $123,633,000 $98,000 $1,480,000 $78,000 $1,667,000
Home Improvement 430 $14,509,000 $33,000 $300,000 $74,000 $1,080,000
Home Purchase 392 $68,256,000 $174,000 $1,620,000 $106,000 $1,667,000

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 788 $63,809,000 $80,000 $988,000 $65,000 $440,000
White 754 $96,354,000 $127,000 $1,620,000 $98,000 $1,667,000
Not Provided 460 $37,360,000 $81,000 $1,480,000 $84,000 $1,080,000
Black or African American 44 $4,706,000 $106,000 $417,000 $87,000 $174,000
Asian 21 $3,257,000 $155,000 $417,000 $101,000 $387,000
American Indian or Alaskan Native 4 $670,000 $167,000 $436,000 $119,000 $183,000
Native Hawaiian or Other Pacific Islander 3 $242,000 $80,000 $160,000 $54,000 $67,000
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) 2,013 $197,308,000 $98,000 $1,620,000 $83,000 $1,667,000
FHA-insured (Federal Housing Administration) 32 $3,832,000 $119,000 $208,000 $65,000 $147,000
VA-guaranteed (Veterans Administration) 29 $5,258,000 $181,000 $417,000 $84,000 $219,000
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 1,262 $141,496,000 $112,000 $1,620,000 $89,000 $1,667,000
Application Denied By Financial Institution 432 $26,671,000 $61,000 $683,000 $59,000 $359,000
Application Withdrawn By Applicant 345 $32,640,000 $94,000 $570,000 $88,000 $1,348,000
Application Approved But Not Accepted 20 $3,503,000 $175,000 $398,000 $89,000 $220,000
File Closed For Incompleteness 12 $1,574,000 $131,000 $226,000 $87,000 $258,000
Loan Purchased By The Institution 3 $514,000 $171,000 $223,000 $89,000 $122,000
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
Other 233 $10,757,000 $46,000 $180,000 $58,000 $340,000
Credit History 142 $7,207,000 $50,000 $436,000 $53,000 $359,000
Debt-To-Income Ratio 42 $6,745,000 $160,000 $683,000 $68,000 $256,000
Collateral 7 $929,000 $132,000 $282,000 $114,000 $156,000
Employment History 4 $616,000 $154,000 $300,000 $49,000 $78,000
Insufficient Cash (Downpayment, Closing Cost) 2 $249,000 $124,000 $144,000 $67,000 $102,000
Credit Application Incomplete 1 $80,000 $80,000 $80,000 $174,000 $174,000
Unverifiable Information 1 $88,000 $88,000 $88,000 $32,000 $32,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Service's 2012 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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