AllMortgageDetail - Mortgage Application Details

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

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Mortgage Company & Address Suntrust Mortgage, Inc
901 Semmes Avenue
Richmond, VA 23224
Federal Regulator Consumer Financial Protection Bureau (CFPB)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 92,415
Total Mortgage Loan Application Amount $21,659,437,000
Average Mortgage Loan Application Amount $163,290
Highest Mortgage Loan Application Amount $6,000,000
Average Applicant Income $92,144
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Suntrust Mortgage, 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
Refinancing 47,378 $9,589,002,000 $202,000 $4,800,000 $108,000 $9,999,000
Home Purchase 45,037 $12,070,435,000 $268,000 $6,000,000 $132,000 $9,999,000
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 38,155 $8,623,392,000 $226,000 $5,000,000 $121,000 $9,999,000
Not applicable 32,704 $8,017,968,000 $245,000 $2,150,000 $117,000 $9,999,000
Not Provided 10,006 $2,370,983,000 $236,000 $6,000,000 $129,000 $9,999,000
Black or African American 5,022 $898,340,000 $178,000 $3,000,000 $94,000 $9,999,000
Hispanic 3,124 $664,225,000 $212,000 $1,838,000 $102,000 $2,331,000
Asian 3,056 $1,019,750,000 $333,000 $2,470,000 $153,000 $6,000,000
American Indian or Alaskan Native 235 $37,413,000 $159,000 $767,000 $79,000 $469,000
Native Hawaiin or Other Pacific Islander 113 $27,366,000 $242,000 $1,600,000 $121,000 $644,000

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) 78,339 $19,326,029,000 $246,000 $6,000,000 $130,000 $9,999,000
FHA-insured (Federal Housing Administration) 8,405 $1,191,202,000 $141,000 $743,000 $53,000 $9,999,000
VA-guaranteed (Veterans Administration) 5,374 $1,100,265,000 $204,000 $1,000,000 $74,000 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 297 $41,941,000 $141,000 $377,000 $47,000 $240,000

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 35,428 $8,445,783,000 $238,000 $5,000,000 $123,000 $9,999,000
Loan Purchased By The Institution 32,704 $8,017,968,000 $245,000 $2,150,000 $117,000 $9,999,000
Application Withdrawn By Applicant 8,476 $2,054,406,000 $242,000 $6,000,000 $139,000 $9,999,000
Application Denied By Financial Institution 7,282 $1,456,587,000 $200,000 $3,500,000 $99,000 $9,999,000
File Closed For Incompleteness 6,210 $1,139,777,000 $183,000 $2,665,000 $109,000 $9,999,000
Application Approved But Not Accepted 2,315 $544,916,000 $235,000 $3,000,000 $123,000 $3,636,000
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
Credit History 2,148 $365,013,000 $169,000 $1,444,000 $95,000 $9,999,000
Debt-To-Income Ratio 1,853 $424,556,000 $229,000 $3,500,000 $74,000 $1,206,000
Collateral 1,549 $338,548,000 $218,000 $2,857,000 $129,000 $3,818,000
Other 822 $145,614,000 $177,000 $1,960,000 $105,000 $3,000,000
Insufficient Cash (Downpayment, Closing Cost) 305 $61,372,000 $201,000 $1,680,000 $80,000 $700,000
Unverifiable Information 287 $59,620,000 $207,000 $1,040,000 $128,000 $1,389,000
Credit Application Incomplete 206 $32,510,000 $157,000 $2,000,000 $88,000 $1,523,000
Employment History 106 $28,312,000 $267,000 $1,438,000 $110,000 $600,000
Mortgage Insurance Denied 6 $1,042,000 $173,000 $383,000 $82,000 $165,000