AllMortgageDetail - Mortgage Application Details

Suntrust Bank, Inc
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Suntrust Bank, Inc
P.O. Box 4418, Mail Code 0663
Atlanta, GA 30302
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 72,874
Total Mortgage Loan Application Amount $4,624,449,000
Average Mortgage Loan Application Amount $39,944
Highest Mortgage Loan Application Amount $71,907,000
Average Applicant Income $106,050
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Suntrust Bank, Inc in 2014

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 Improvement 61,630 $1,046,187,000 $16,000 $3,600,000 $80,000 $9,999,000
Refinancing 5,996 $1,210,514,000 $201,000 $71,907,000 $113,000 $3,800,000
Home Purchase 5,249 $2,367,754,000 $451,000 $42,200,000 $204,000 $9,999,000

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
White 36,583 $951,973,000 $26,000 $6,814,000 $86,000 $9,999,000
Black or African American 14,289 $176,328,000 $12,000 $9,722,000 $50,000 $9,999,000
Not Provided 7,848 $253,044,000 $32,000 $2,600,000 $116,000 $9,194,000
Hispanic 6,012 $120,497,000 $20,000 $659,000 $66,000 $3,300,000
Not applicable 5,900 $3,052,881,000 $517,000 $71,907,000 $221,000 $9,999,000
Asian 1,340 $48,985,000 $36,000 $4,630,000 $98,000 $1,700,000
American Indian or Alaskan Native 670 $14,766,000 $22,000 $1,280,000 $66,000 $1,067,000
Native Hawaiin or Other Pacific Islander 233 $5,981,000 $25,000 $201,000 $85,000 $984,000

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) 72,142 $4,523,671,000 $62,000 $71,907,000 $92,000 $9,999,000
FHA-insured (Federal Housing Administration) 611 $82,206,000 $134,000 $392,000 $45,000 $254,000
VA-guaranteed (Veterans Administration) 122 $18,578,000 $152,000 $379,000 $52,000 $161,000
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
Application Denied By Financial Institution 48,143 $1,001,600,000 $20,000 $9,722,000 $67,000 $9,999,000
Loan Originated 15,437 $770,957,000 $49,000 $71,907,000 $114,000 $3,000,000
Loan Purchased By The Institution 5,834 $2,706,106,000 $463,000 $5,000,000 $224,000 $9,999,000
Application Approved But Not Accepted 3,013 $128,615,000 $42,000 $514,000 $99,000 $2,754,000
Application Withdrawn By Applicant 448 $17,177,000 $38,000 $215,000 $152,000 $9,400,000
File Closed For Incompleteness 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 32,815 $508,989,000 $15,000 $9,722,000 $64,000 $9,999,000
Debt-To-Income Ratio 11,407 $299,920,000 $26,000 $6,814,000 $63,000 $1,700,000
Credit Application Incomplete 1,189 $43,036,000 $36,000 $304,000 $147,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 876 $75,003,000 $85,000 $2,000,000 $100,000 $1,962,000
Other 812 $41,851,000 $51,000 $2,800,000 $79,000 $2,641,000
Unverifiable Information 545 $11,533,000 $21,000 $240,000 $122,000 $9,999,000
Collateral 445 $20,379,000 $45,000 $1,575,000 $71,000 $3,000,000
Employment History 54 $889,000 $16,000 $124,000 $46,000 $150,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0