Newrez Ventures LLC Mortgage Lending & HMDA Data, 2023
In 2023, Newrez Ventures LLC of Springfield, IL reported 3,003 mortgage applications totaling $999.3 million, down 46% from 2022. The average application was for $332,775, and applicants reported an average income of $151,488. 1% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (818), Charleston-North Charleston, SC (403) and Cleveland-Elyria, OH (193) (applications in parentheses).
| Mortgage Company & Address | Newrez Ventures LLC 4000 W. Brown Deer Road Springfield, IL 53209 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 3,003 |
| Total Mortgage Loan Application Amount | $999,325,000 |
| Average Mortgage Loan Application Amount | $332,775 |
| Highest Mortgage Loan Application Amount | $1,645,000 |
| Average Applicant Income | $151,488 |
| Highest Applicant Income | $1,292,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Newrez Ventures LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Roswell, GA | 818 | $ 313,130,000 | $ 382,799 | $ 0 |
| Charleston-North Charleston, SC | 403 | $ 138,155,000 | $ 342,816 | $ 0 |
| Outside any metro area | 272 | $ 68,030,000 | $ 250,110 | $ 0 |
| Cleveland-Elyria, OH | 193 | $ 41,065,000 | $ 212,772 | $ 0 |
| Indianapolis-Carmel-Anderson, IN | 190 | $ 51,880,000 | $ 273,052 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 149 | $ 48,095,000 | $ 322,785 | $ 112,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 75 | $ 31,815,000 | $ 424,200 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 63 | $ 31,235,000 | $ 495,793 | $ 0 |
| Dallas-Plano-Irving, TX | 52 | $ 18,380,000 | $ 353,461 | $ 0 |
| Reno, NV | 45 | $ 19,475,000 | $ 432,777 | $ 0 |
| Gainesville, GA | 43 | $ 14,865,000 | $ 345,697 | $ 0 |
| Kalamazoo-Portage, MI | 38 | $ 8,490,000 | $ 223,421 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 38 | $ 13,510,000 | $ 355,526 | $ 183,000 |
| Boston, MA | 37 | $ 16,915,000 | $ 457,162 | $ 0 |
| Akron, OH | 34 | $ 6,020,000 | $ 177,058 | $ 0 |
| Bloomington, IN | 29 | $ 8,315,000 | $ 286,724 | $ 0 |
| Grand Rapids-Wyoming, MI | 27 | $ 9,565,000 | $ 354,259 | $ 0 |
| Jacksonville, FL | 27 | $ 8,375,000 | $ 310,185 | $ 73,000 |
| North Port-Sarasota-Bradenton, FL | 26 | $ 8,890,000 | $ 341,923 | $ 77,000 |
| Punta Gorda, FL | 23 | $ 6,065,000 | $ 263,695 | $ 0 |
| Providence-Warwick, RI-MA | 20 | $ 6,800,000 | $ 340,000 | $ 0 |
| Battle Creek, MI | 19 | $ 3,285,000 | $ 172,894 | $ 0 |
| Fort Worth-Arlington, TX | 19 | $ 5,795,000 | $ 305,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 18 | $ 6,840,000 | $ 380,000 | $ 0 |
| Newark, NJ-PA | 17 | $ 8,125,000 | $ 477,941 | $ 0 |
| Lakeland-Winter Haven, FL | 15 | $ 4,155,000 | $ 277,000 | $ 0 |
| Muskegon, MI | 14 | $ 1,950,000 | $ 139,285 | $ 0 |
| Homosassa Springs, FL | 11 | $ 1,925,000 | $ 175,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 5,945,000 | $ 540,454 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 10 | $ 4,330,000 | $ 433,000 | $ 0 |
| Toledo, OH | 10 | $ 2,010,000 | $ 201,000 | $ 0 |
| Casper, WY | 8 | $ 2,550,000 | $ 318,750 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 2,360,000 | $ 295,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 7 | $ 2,525,000 | $ 360,714 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 6 | $ 4,880,000 | $ 813,333 | $ 0 |
| Canton-Massillon, OH | 6 | $ 1,160,000 | $ 193,333 | $ 0 |
| Savannah, GA | 6 | $ 1,910,000 | $ 318,333 | $ 0 |
| Warren-Troy-Farmington Hills, MI | 6 | $ 1,850,000 | $ 308,333 | $ 0 |
| Athens-Clarke County, GA | 5 | $ 1,135,000 | $ 227,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 5 | $ 1,375,000 | $ 275,000 | $ 0 |
| Columbus, OH | 5 | $ 2,185,000 | $ 437,000 | $ 0 |
| Kokomo, IN | 5 | $ 665,000 | $ 133,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 5 | $ 2,725,000 | $ 545,000 | $ 0 |
| Chicago-Naperville, IL | 4 | $ 1,520,000 | $ 380,000 | $ 0 |
| Columbus, IN | 4 | $ 1,190,000 | $ 297,500 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 2,600,000 | $ 650,000 | $ 0 |
| Denver-Aurora-Lakewood, CO | 4 | $ 2,230,000 | $ 557,500 | $ 0 |
| Dothan, AL | 4 | $ 640,000 | $ 160,000 | $ 0 |
| Elgin, IL | 4 | $ 820,000 | $ 205,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 4 | $ 840,000 | $ 210,000 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 4 | $ 1,130,000 | $ 282,500 | $ 0 |
| Muncie, IN | 4 | $ 1,050,000 | $ 262,500 | $ 0 |
| Port St. Lucie, FL | 4 | $ 760,000 | $ 190,000 | $ 72,000 |
| Raleigh, NC | 4 | $ 2,270,000 | $ 567,500 | $ 0 |
| Richmond, VA | 4 | $ 1,470,000 | $ 367,500 | $ 0 |
| Sebring, FL | 4 | $ 700,000 | $ 175,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,130,000 | $ 282,500 | $ 0 |
| Cambridge-Newton-Framingham, MA | 3 | $ 1,265,000 | $ 421,666 | $ 0 |
| Cape Coral-Fort Myers, FL | 3 | $ 925,000 | $ 308,333 | $ 69,000 |
| Gary, IN | 3 | $ 765,000 | $ 255,000 | $ 0 |
| Greensboro-High Point, NC | 3 | $ 585,000 | $ 195,000 | $ 0 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 1,185,000 | $ 395,000 | $ 0 |
| New York-Newark, NY | 3 | $ 1,115,000 | $ 371,666 | $ 0 |
| Ocala, FL | 3 | $ 735,000 | $ 245,000 | $ 103,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 1,535,000 | $ 511,666 | $ 0 |
| Sebastian-Vero Beach, FL | 3 | $ 705,000 | $ 235,000 | $ 84,000 |
| Sumter, SC | 3 | $ 1,135,000 | $ 378,333 | $ 0 |
| Terre Haute, IN | 3 | $ 475,000 | $ 158,333 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 1,405,000 | $ 468,333 | $ 0 |
| Worcester, MA-CT | 3 | $ 965,000 | $ 321,666 | $ 0 |
| Bowling Green, KY | 2 | $ 830,000 | $ 415,000 | $ 0 |
| Cincinnati, OH-KY-IN | 2 | $ 520,000 | $ 260,000 | $ 0 |
| Columbia, SC | 2 | $ 840,000 | $ 420,000 | $ 0 |
| Dayton-Springfield-Kettering, OH | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,100,000 | $ 550,000 | $ 340,000 |
| Fort Wayne, IN | 2 | $ 630,000 | $ 315,000 | $ 0 |
| Killeen-Temple, TX | 2 | $ 440,000 | $ 220,000 | $ 0 |
| Knoxville, TN | 2 | $ 560,000 | $ 280,000 | $ 0 |
| Lansing-East Lansing, MI | 2 | $ 660,000 | $ 330,000 | $ 0 |
| Macon-Bibb County, GA | 2 | $ 370,000 | $ 185,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,580,000 | $ 790,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 1,500,000 | $ 750,000 | $ 0 |
| Roanoke, VA | 2 | $ 680,000 | $ 340,000 | $ 0 |
| Rome, GA | 2 | $ 300,000 | $ 150,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 2 | $ 1,500,000 | $ 750,000 | $ 0 |
| Sherman-Denison, TX | 2 | $ 330,000 | $ 165,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 2 | $ 320,000 | $ 160,000 | $ 0 |
| Tallahassee, FL | 2 | $ 250,000 | $ 125,000 | $ 67,000 |
| Tuscaloosa, AL | 2 | $ 310,000 | $ 155,000 | $ 0 |
| Warner Robins, GA | 2 | $ 330,000 | $ 165,000 | $ 0 |
| Washington-Baltimore-Arlington, DC | 2 | $ 1,280,000 | $ 640,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 660,000 | $ 330,000 | $ 0 |
| Abilene, TX | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Bakersfield, CA | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Carson City, NV | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Chattanooga, TN-GA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Cleveland, TN | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Columbus, GA-AL | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Decatur, AL | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Erie, PA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Evansville, IN-KY | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Fayetteville, NC | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Florence, SC | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Greeley, CO | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Huntsville, AL | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Jackson, MI | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Lynchburg, VA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Mobile, AL | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Montgomery, AL | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 525,000 | $ 525,000 | $ 765,000 |
| Niles-Benton Harbor, MI | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Pittsburgh, PA | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Prescott Valley-Prescott, AZ | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Reading, PA | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 585,000 | $ 585,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Santa Maria-Santa Barbara, CA | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Santa Rosa, CA | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Spartanburg, SC | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Springfield, MA | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Tacoma-Lakewood, WA | 1 | $ 655,000 | $ 655,000 | $ 0 |
| The Villages, FL | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Tyler, TX | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Valdosta, GA | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Waco, TX | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Wausau, WI | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 355,000 | $ 355,000 | $ 0 |
Mortgage Loan Application Detail Totals for Newrez Ventures LLC in 2023
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 | 2,900 | $970,170,000 | $334,000 | $1,645,000 | $146,000 | $376,000 |
| Cash-out Refinancing | 74 | $20,360,000 | $275,000 | $1,085,000 | $356,000 | $1,292,000 |
| Refinancing | 25 | $6,405,000 | $256,000 | $725,000 | $188,000 | $765,000 |
| Other Purpose | 4 | $2,390,000 | $597,000 | $875,000 | $119,000 | $192,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,953 | $981,865,000 | $332,000 | $1,645,000 | $0 | $0 |
| White | 32 | $11,230,000 | $350,000 | $745,000 | $204,000 | $1,292,000 |
| Hispanic | 7 | $2,195,000 | $313,000 | $515,000 | $123,000 | $376,000 |
| Black or African American | 5 | $1,605,000 | $321,000 | $405,000 | $98,000 | $125,000 |
| Not Provided | 4 | $1,980,000 | $495,000 | $875,000 | $168,000 | $276,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $98,000 | $98,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 2,423 | $824,525,000 | $340,000 | $1,645,000 | $207,000 | $1,292,000 |
| FHA-insured (Federal Housing Administration) | 369 | $99,905,000 | $270,000 | $615,000 | $90,000 | $156,000 |
| VA-guaranteed (Veterans Administration) | 191 | $70,665,000 | $369,000 | $885,000 | $147,000 | $276,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $4,230,000 | $211,000 | $395,000 | $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 Purchased By The Institution | 2,953 | $981,865,000 | $332,000 | $1,645,000 | $0 | $0 |
| Loan Originated | 28 | $10,710,000 | $382,000 | $875,000 | $218,000 | $1,292,000 |
| Application Withdrawn By Applicant | 18 | $5,770,000 | $320,000 | $665,000 | $128,000 | $325,000 |
| File Closed For Incompleteness | 3 | $695,000 | $231,000 | $265,000 | $68,000 | $76,000 |
| Application Approved But Not Accepted | 1 | $285,000 | $285,000 | $285,000 | $77,000 | $77,000 |
| Application Denied By Financial 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,003 | $999,325,000 | $332,000 | $1,645,000 | $174,000 | $1,292,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Newrez Ventures LLC's 2023 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 Newrez Ventures LLC'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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