Silverton Mortgage Specialists, Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Silverton Mortgage Specialists, Inc. of Atlanta, GA reported 3,536 mortgage applications totaling $705.2 million, up 17% from 2015. The average application was for $199,431, and applicants reported an average income of $92,225. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (2,277), Myrtle Beach-Conway-North Myrtle Beach, SC-NC (129) and Birmingham-Hoover, AL (110) (applications in parentheses).
| Mortgage Company & Address | Silverton Mortgage Specialists, Inc. 1201 Peachtree Street Ne Ste 2050 Atlanta, GA 30361 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2008 |
| Total Number of Mortgage Applications | 3,536 |
| Total Mortgage Loan Application Amount | $705,190,000 |
| Average Mortgage Loan Application Amount | $199,431 |
| Highest Mortgage Loan Application Amount | $1,281,000 |
| Average Applicant Income | $92,225 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Silverton Mortgage Specialists, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Silverton Mortgage Specialists, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 2,865 | $556,401,000 | $194,000 | $1,170,000 | $89,000 | $1,800,000 |
| Refinancing | 671 | $148,789,000 | $221,000 | $1,281,000 | $106,000 | $550,000 |
| Home Improvement | 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 | 2,607 | $527,752,000 | $202,000 | $1,281,000 | $97,000 | $1,800,000 |
| Black or African American | 598 | $108,465,000 | $181,000 | $878,000 | $74,000 | $550,000 |
| Hispanic | 121 | $23,861,000 | $197,000 | $626,000 | $79,000 | $279,000 |
| Asian | 121 | $26,764,000 | $221,000 | $656,000 | $99,000 | $379,000 |
| Not Provided | 64 | $13,854,000 | $216,000 | $700,000 | $94,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander | 10 | $1,476,000 | $147,000 | $270,000 | $49,000 | $109,000 |
| American Indian or Alaskan Native | 9 | $2,002,000 | $222,000 | $361,000 | $101,000 | $163,000 |
| Not applicable | 6 | $1,016,000 | $169,000 | $254,000 | $97,000 | $180,000 |
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) | 2,015 | $442,707,000 | $219,000 | $1,281,000 | $113,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 1,062 | $177,659,000 | $167,000 | $636,000 | $61,000 | $331,000 |
| VA-guaranteed (Veterans Administration) | 273 | $61,959,000 | $226,000 | $608,000 | $83,000 | $309,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 186 | $22,865,000 | $122,000 | $350,000 | $65,000 | $301,000 |
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 | 2,746 | $555,389,000 | $202,000 | $1,281,000 | $94,000 | $731,000 |
| Application Withdrawn By Applicant | 523 | $98,765,000 | $188,000 | $1,000,000 | $88,000 | $1,800,000 |
| Application Approved But Not Accepted | 131 | $23,722,000 | $181,000 | $417,000 | $80,000 | $307,000 |
| Application Denied By Financial Institution | 78 | $15,908,000 | $203,000 | $878,000 | $89,000 | $550,000 |
| Preapproval Approved but not Accepted | 32 | $6,459,000 | $201,000 | $417,000 | $74,000 | $196,000 |
| File Closed For Incompleteness | 23 | $4,328,000 | $188,000 | $650,000 | $73,000 | $294,000 |
| Preapproval Denied by Financial Institution | 3 | $619,000 | $206,000 | $344,000 | $56,000 | $78,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 32 | $6,516,000 | $203,000 | $592,000 | $57,000 | $253,000 |
| Credit History | 17 | $2,970,000 | $174,000 | $344,000 | $79,000 | $178,000 |
| Collateral | 10 | $1,625,000 | $162,000 | $319,000 | $104,000 | $365,000 |
| Other | 10 | $2,184,000 | $218,000 | $754,000 | $115,000 | $550,000 |
| Employment History | 5 | $2,155,000 | $431,000 | $878,000 | $244,000 | $420,000 |
| Unverifiable Information | 3 | $506,000 | $168,000 | $221,000 | $90,000 | $146,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $14,000 | $14,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Silverton Mortgage Specialists, Inc.'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 Silverton Mortgage Specialists, Inc.'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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