Synovus Bank Mortgage Lending & HMDA Data, 2016
In 2016, Synovus Bank of Columbus, GA reported 3,502 mortgage applications totaling $1.3 billion, down 14% from 2015. The average application was for $372,822, and applicants reported an average income of $208,420. 74% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (476), Birmingham-Hoover, AL (257) and Nashville-Davidson--Murfreesboro--Franklin, TN (205) (applications in parentheses).
| Mortgage Company & Address | Synovus Bank Po Box 120 Columbus, GA 31902 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 3,502 |
| Total Mortgage Loan Application Amount | $1,305,626,000 |
| Average Mortgage Loan Application Amount | $372,822 |
| Highest Mortgage Loan Application Amount | $9,999,000 |
| Average Applicant Income | $208,420 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Synovus Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 476 | $ 183,155,000 | $ 384,779 | $ 184,000 |
| Birmingham-Hoover, AL | 257 | $ 61,591,000 | $ 239,653 | $ 127,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 205 | $ 103,199,000 | $ 503,409 | $ 217,000 |
| Columbus, GA-AL | 187 | $ 57,515,000 | $ 307,566 | $ 425,149 |
| Athens-Clarke County, GA | 149 | $ 46,513,000 | $ 312,167 | $ 166,000 |
| Savannah, GA | 109 | $ 49,586,000 | $ 454,917 | $ 243,000 |
| Tampa-St. Petersburg-Clearwater, FL | 109 | $ 48,321,000 | $ 443,311 | $ 233,000 |
| Jacksonville, FL | 96 | $ 61,418,000 | $ 639,770 | $ 315,000 |
| Pensacola-Ferry Pass-Brent, FL | 92 | $ 38,207,000 | $ 415,293 | $ 204,000 |
| Valdosta, GA | 90 | $ 15,711,000 | $ 174,566 | $ 75,000 |
| Columbia, SC | 88 | $ 26,195,000 | $ 297,670 | $ 281,000 |
| Charleston-North Charleston, SC | 78 | $ 48,506,000 | $ 621,871 | $ 301,000 |
| Orlando-Kissimmee-Sanford, FL | 74 | $ 55,359,000 | $ 748,094 | $ 349,000 |
| Albany, GA | 61 | $ 21,261,000 | $ 348,540 | $ 117,000 |
| Brunswick, GA | 56 | $ 43,159,000 | $ 770,696 | $ 459,000 |
| Augusta-Richmond County, GA-SC | 54 | $ 17,947,000 | $ 332,351 | $ 116,555 |
| Chattanooga, TN-GA | 48 | $ 11,212,000 | $ 233,583 | $ 144,437 |
| Crestview-Fort Walton Beach-Destin, FL | 47 | $ 17,644,000 | $ 375,404 | $ 208,000 |
| Huntsville, AL | 47 | $ 17,897,000 | $ 380,787 | $ 144,000 |
| Rome, GA | 46 | $ 11,533,000 | $ 250,717 | $ 172,000 |
| Tuscaloosa, AL | 45 | $ 11,239,000 | $ 249,755 | $ 119,000 |
| North Port-Sarasota-Bradenton, FL | 43 | $ 28,243,000 | $ 656,813 | $ 291,000 |
| Greenville-Anderson-Mauldin, SC | 41 | $ 28,418,000 | $ 693,121 | $ 181,000 |
| Warner Robins, GA | 41 | $ 4,569,000 | $ 111,439 | $ 58,000 |
| Auburn-Opelika, AL | 39 | $ 6,114,000 | $ 156,769 | $ 144,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 38 | $ 12,377,000 | $ 325,710 | $ 164,000 |
| Montgomery, AL | 37 | $ 11,440,000 | $ 309,189 | $ 452,000 |
| Sumter, SC | 34 | $ 4,483,000 | $ 131,852 | $ 55,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 28 | $ 16,363,000 | $ 584,392 | $ 371,000 |
| Tallahassee, FL | 26 | $ 18,528,000 | $ 712,615 | $ 583,000 |
| Panama City, FL | 24 | $ 7,393,000 | $ 308,041 | $ 538,000 |
| Dalton, GA | 14 | $ 657,000 | $ 46,928 | $ 40,000 |
| Spartanburg, SC | 14 | $ 2,471,000 | $ 176,500 | $ 67,000 |
| Cape Coral-Fort Myers, FL | 12 | $ 7,204,000 | $ 600,333 | $ 272,000 |
| Daphne-Fairhope-Foley, AL | 12 | $ 4,871,000 | $ 405,916 | $ 305,000 |
| Mobile, AL | 11 | $ 3,249,000 | $ 295,363 | $ 172,000 |
| Naples-Immokalee-Marco Island, FL | 10 | $ 9,492,000 | $ 949,200 | $ 339,000 |
| Dothan, AL | 8 | $ 11,073,000 | $ 1,384,125 | $ 171,000 |
| Asheville, NC | 7 | $ 3,409,000 | $ 487,000 | $ 218,000 |
| Florence, SC | 7 | $ 929,000 | $ 132,714 | $ 86,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 8,439,000 | $ 1,687,800 | $ 160,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 2,660,000 | $ 665,000 | $ 795,000 |
| Gainesville, GA | 4 | $ 2,097,000 | $ 524,250 | $ 355,000 |
| Macon, GA | 4 | $ 1,150,000 | $ 287,500 | $ 11,000 |
| Anniston-Oxford-Jacksonville, AL | 3 | $ 911,000 | $ 303,666 | $ 179,000 |
| Cleveland, TN | 3 | $ 586,000 | $ 195,333 | $ 28,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 2,441,000 | $ 813,666 | $ 403,000 |
| Gainesville, FL | 3 | $ 1,317,000 | $ 439,000 | $ 356,000 |
| Sebastian-Vero Beach, FL | 3 | $ 1,638,000 | $ 546,000 | $ 305,000 |
| Dallas-Plano-Irving, TX | 2 | $ 4,746,000 | $ 2,373,000 | $ 0 |
| Lakeland-Winter Haven, FL | 2 | $ 550,000 | $ 275,000 | $ 206,000 |
| Port St. Lucie, FL | 2 | $ 663,000 | $ 331,500 | $ 1,392,000 |
| Raleigh, NC | 2 | $ 1,581,000 | $ 790,500 | $ 355,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 537,000 | $ 268,500 | $ 151,000 |
| Boulder, CO | 1 | $ 858,000 | $ 858,000 | $ 0 |
| Camden, NJ | 1 | $ 9,999,000 | $ 9,999,000 | $ 0 |
| Clarksville, TN-KY | 1 | $ 574,000 | $ 574,000 | $ 357,000 |
| Decatur, AL | 1 | $ 188,000 | $ 188,000 | $ 69,000 |
| Greensboro-High Point, NC | 1 | $ 190,000 | $ 190,000 | $ 49,000 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 364,000 | $ 364,000 | $ 142,000 |
| Hinesville, GA | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Homosassa Springs, FL | 1 | $ 335,000 | $ 335,000 | $ 347,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 2,160,000 | $ 2,160,000 | $ 2,401,000 |
| Punta Gorda, FL | 1 | $ 2,040,000 | $ 2,040,000 | $ 318,000 |
| Sebring, FL | 1 | $ 879,000 | $ 879,000 | $ 605,000 |
| Tulsa, OK | 1 | $ 9,999,000 | $ 9,999,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 2,711,000 | $ 2,711,000 | $ 0 |
Mortgage Loan Application Detail Totals for Synovus Bank 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 | 1,634 | $792,559,000 | $485,000 | $9,999,000 | $269,000 | $9,999,000 |
| Refinancing | 1,361 | $486,234,000 | $357,000 | $9,999,000 | $188,000 | $7,371,000 |
| Home Improvement | 507 | $26,833,000 | $52,000 | $1,103,000 | $68,000 | $1,029,000 |
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 | 2,246 | $864,570,000 | $384,000 | $3,600,000 | $273,000 | $9,999,000 |
| Not applicable | 623 | $248,929,000 | $399,000 | $9,999,000 | $0 | $0 |
| Black or African American | 307 | $42,717,000 | $139,000 | $2,475,000 | $93,000 | $850,000 |
| Not Provided | 154 | $80,154,000 | $520,000 | $3,208,000 | $334,000 | $9,163,000 |
| Asian | 82 | $37,441,000 | $456,000 | $1,768,000 | $235,000 | $1,062,000 |
| Hispanic | 78 | $27,565,000 | $353,000 | $1,088,000 | $210,000 | $1,720,000 |
| American Indian or Alaskan Native | 7 | $2,511,000 | $358,000 | $911,000 | $166,000 | $346,000 |
| Native Hawaiin or Other Pacific Islander | 5 | $1,739,000 | $347,000 | $1,532,000 | $244,000 | $700,000 |
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) | 3,502 | $1,305,626,000 | $372,000 | $9,999,000 | $209,000 | $9,999,000 |
| 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 | 2,600 | $1,000,690,000 | $384,000 | $9,999,000 | $217,000 | $9,999,000 |
| Application Denied By Financial Institution | 493 | $124,301,000 | $252,000 | $3,600,000 | $121,000 | $1,922,000 |
| Application Approved But Not Accepted | 370 | $164,147,000 | $443,000 | $2,275,000 | $272,000 | $2,169,000 |
| Application Withdrawn By Applicant | 29 | $12,171,000 | $419,000 | $1,600,000 | $163,000 | $535,000 |
| File Closed For Incompleteness | 10 | $4,317,000 | $431,000 | $900,000 | $251,000 | $602,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 206 | $53,984,000 | $262,000 | $2,600,000 | $80,000 | $608,000 |
| Credit History | 188 | $29,150,000 | $155,000 | $2,040,000 | $111,000 | $1,523,000 |
| Collateral | 55 | $18,953,000 | $344,000 | $1,650,000 | $220,000 | $1,145,000 |
| Other | 24 | $15,574,000 | $648,000 | $3,600,000 | $346,000 | $1,922,000 |
| Unverifiable Information | 9 | $3,371,000 | $374,000 | $827,000 | $157,000 | $250,000 |
| Credit Application Incomplete | 5 | $1,537,000 | $307,000 | $668,000 | $58,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $476,000 | $238,000 | $396,000 | $87,000 | $154,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Synovus Bank'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 Synovus Bank'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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