Superior Financial Services, Inc. Mortgage Lending & HMDA Data, 2018

In 2018, Superior Financial Services, Inc. of Greeneville, TN reported 7 mortgage applications totaling $235,000. The average application was for $33,571, and applicants reported an average income of $22,142. 86% of its applications resulted in an originated loan and 14% were denied. Its largest market was Knoxville, TN (2).

Mortgage Company & Address Superior Financial Services, Inc.
1190 East Andrew Johnson Highway
Greeneville, TN 37745
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  
Total Number of Mortgage Applications 7
Total Mortgage Loan Application Amount $235,000
Average Mortgage Loan Application Amount $33,571
Highest Mortgage Loan Application Amount $45,000
Average Applicant Income $22,142
Highest Applicant Income $41,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Superior Financial Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Superior Financial Services, Inc. by Metropolitan Area in 2018

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Outside any metro area 5 $ 185,000 $ 37,000 $ 23,000
Knoxville, TN 2 $ 50,000 $ 25,000 $ 19,000

Mortgage Loan Application Detail Totals for Superior Financial Services, Inc. in 2018

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
Cash-out Refinancing 2 $80,000 $40,000 $45,000 $25,000 $26,000
Refinancing 2 $70,000 $35,000 $45,000 $26,000 $41,000
Other Purpose 1 $25,000 $25,000 $25,000 $25,000 $25,000
Home Improvement 1 $25,000 $25,000 $25,000 $14,000 $14,000
Home Purchase 1 $35,000 $35,000 $35,000 $14,000 $14,000
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
White 7 $235,000 $33,000 $45,000 $22,000 $41,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 7 $235,000 $33,000 $45,000 $22,000 $41,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 6 $210,000 $35,000 $45,000 $23,000 $41,000
Application Denied By Financial Institution 1 $25,000 $25,000 $25,000 $14,000 $14,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
Loan Purchased By The 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 6 $210,000 $35,000 $45,000 $23,000 $41,000
Credit History 1 $25,000 $25,000 $25,000 $14,000 $14,000
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
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Superior Financial Services, Inc.'s 2018 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 Superior Financial Services, 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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