Tcf National Bank Mortgage Lending & HMDA Data, 2016
In 2016, Tcf National Bank of Sioux Falls, SD reported 5,853 mortgage applications totaling $1.6 billion, up 31% from 2015. The average application was for $280,893, and applicants reported an average income of $74,865. 40% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,837), Chicago-Naperville-Arlington Heights, IL (1,706) and Warren-Troy-Farmington Hills, MI (552) (applications in parentheses).
| Mortgage Company & Address | Tcf National Bank 2508 Louise Ave S (Pcc-2e-L) Sioux Falls, SD 57106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 5,853 |
| Total Mortgage Loan Application Amount | $1,644,068,000 |
| Average Mortgage Loan Application Amount | $280,893 |
| Highest Mortgage Loan Application Amount | $65,000,000 |
| Average Applicant Income | $74,865 |
| Highest Applicant Income | $1,406,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tcf National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,837 | $ 505,995,000 | $ 275,446 | $ 85,065 |
| Chicago-Naperville-Arlington Heights, IL | 1,706 | $ 353,863,000 | $ 207,422 | $ 69,000 |
| Warren-Troy-Farmington Hills, MI | 552 | $ 79,311,000 | $ 143,679 | $ 64,000 |
| Ann Arbor, MI | 477 | $ 72,189,000 | $ 151,339 | $ 74,000 |
| Denver-Aurora-Lakewood, CO | 245 | $ 102,631,000 | $ 418,902 | $ 101,000 |
| Milwaukee-Waukesha-West Allis, WI | 178 | $ 97,243,000 | $ 546,308 | $ 61,000 |
| Detroit-Dearborn-Livonia, MI | 168 | $ 17,867,000 | $ 106,351 | $ 63,000 |
| Lake County-Kenosha County, IL-WI | 123 | $ 14,761,000 | $ 120,008 | $ 61,544 |
| Phoenix-Mesa-Scottsdale, AZ | 84 | $ 20,828,000 | $ 247,952 | $ 64,000 |
| Colorado Springs, CO | 72 | $ 37,332,000 | $ 518,500 | $ 63,000 |
| Elgin, IL | 70 | $ 9,538,000 | $ 136,257 | $ 58,000 |
| Racine, WI | 34 | $ 3,730,000 | $ 109,705 | $ 66,000 |
| Mankato-North Mankato, MN | 32 | $ 3,648,000 | $ 114,000 | $ 57,000 |
| St. Cloud, MN | 24 | $ 3,621,000 | $ 150,875 | $ 116,000 |
| Gary, IN | 17 | $ 14,836,000 | $ 872,705 | $ 51,000 |
| Rockford, IL | 11 | $ 844,000 | $ 76,727 | $ 44,000 |
| Jackson, MI | 7 | $ 792,000 | $ 113,142 | $ 89,000 |
| Battle Creek, MI | 6 | $ 622,000 | $ 103,666 | $ 51,000 |
| Lansing-East Lansing, MI | 6 | $ 61,230,000 | $ 10,205,000 | $ 24,000 |
| Sioux Falls, SD | 6 | $ 770,000 | $ 128,333 | $ 51,000 |
| Appleton, WI | 5 | $ 2,638,000 | $ 527,600 | $ 46,000 |
| Champaign-Urbana, IL | 5 | $ 572,000 | $ 114,400 | $ 58,000 |
| Flint, MI | 5 | $ 580,000 | $ 116,000 | $ 69,000 |
| Fort Collins, CO | 5 | $ 25,493,000 | $ 5,098,600 | $ 84,000 |
| Kankakee, IL | 5 | $ 672,000 | $ 134,400 | $ 65,000 |
| Duluth, MN-WI | 4 | $ 391,000 | $ 97,750 | $ 92,000 |
| Saginaw, MI | 4 | $ 305,000 | $ 76,250 | $ 55,000 |
| Boulder, CO | 3 | $ 426,000 | $ 142,000 | $ 51,000 |
| Fond Du Lac, WI | 3 | $ 276,000 | $ 92,000 | $ 43,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 618,000 | $ 206,000 | $ 196,000 |
| Greeley, CO | 3 | $ 628,000 | $ 209,333 | $ 119,000 |
| Madison, WI | 3 | $ 25,204,000 | $ 8,401,333 | $ 44,000 |
| Columbus, OH | 2 | $ 22,033,000 | $ 11,016,500 | $ 0 |
| Michigan City-La Porte, IN | 2 | $ 224,000 | $ 112,000 | $ 63,000 |
| Monroe, MI | 2 | $ 418,000 | $ 209,000 | $ 83,000 |
| Rochester, MN | 2 | $ 244,000 | $ 122,000 | $ 51,000 |
| Wausau, WI | 2 | $ 191,000 | $ 95,500 | $ 62,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 11,520,000 | $ 11,520,000 | $ 0 |
| Bay City, MI | 1 | $ 38,000 | $ 38,000 | $ 76,000 |
| Bloomington, IL | 1 | $ 12,180,000 | $ 12,180,000 | $ 0 |
| Cleveland-Elyria, OH | 1 | $ 3,758,000 | $ 3,758,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 23,000 | $ 23,000 | $ 42,000 |
| Eau Claire, WI | 1 | $ 55,000 | $ 55,000 | $ 32,000 |
| Fort Wayne, IN | 1 | $ 65,000 | $ 65,000 | $ 48,000 |
| Grand Forks, ND-MN | 1 | $ 83,000 | $ 83,000 | $ 35,000 |
| Green Bay, WI | 1 | $ 42,000 | $ 42,000 | $ 36,000 |
| Kalamazoo-Portage, MI | 1 | $ 41,000 | $ 41,000 | $ 29,000 |
| Kansas City, MO-KS | 1 | $ 51,000,000 | $ 51,000,000 | $ 0 |
| Lake Havasu City-Kingman, AZ | 1 | $ 70,000 | $ 70,000 | $ 43,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 8,467,000 | $ 8,467,000 | $ 0 |
| Niles-Benton Harbor, MI | 1 | $ 289,000 | $ 289,000 | $ 140,000 |
| Pueblo, CO | 1 | $ 82,000 | $ 82,000 | $ 49,000 |
| Sheboygan, WI | 1 | $ 86,000 | $ 86,000 | $ 46,000 |
| St. Louis, MO-IL | 1 | $ 21,610,000 | $ 21,610,000 | $ 0 |
Mortgage Loan Application Detail Totals for Tcf National 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 |
|---|---|---|---|---|---|---|
| Refinancing | 3,927 | $679,487,000 | $173,000 | $24,650,000 | $78,000 | $1,406,000 |
| Home Purchase | 1,567 | $887,266,000 | $566,000 | $65,000,000 | $64,000 | $928,000 |
| Home Improvement | 359 | $77,315,000 | $215,000 | $24,119,000 | $88,000 | $1,140,000 |
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 | 3,668 | $562,581,000 | $153,000 | $1,490,000 | $80,000 | $1,406,000 |
| Hispanic | 738 | $105,017,000 | $142,000 | $500,000 | $57,000 | $1,140,000 |
| Not Provided | 563 | $82,270,000 | $146,000 | $1,245,000 | $80,000 | $1,140,000 |
| Black or African American | 402 | $48,304,000 | $120,000 | $611,000 | $62,000 | $732,000 |
| Asian | 384 | $64,178,000 | $167,000 | $424,000 | $75,000 | $477,000 |
| Not applicable | 58 | $768,342,000 | $13,247,000 | $65,000,000 | $0 | $27,000 |
| American Indian or Alaskan Native | 24 | $3,429,000 | $142,000 | $311,000 | $84,000 | $250,000 |
| Native Hawaiin or Other Pacific Islander | 16 | $9,947,000 | $621,000 | $7,300,000 | $73,000 | $150,000 |
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) | 4,765 | $1,476,560,000 | $309,000 | $65,000,000 | $79,000 | $1,406,000 |
| FHA-insured (Federal Housing Administration) | 1,069 | $163,593,000 | $153,000 | $424,000 | $58,000 | $1,140,000 |
| VA-guaranteed (Veterans Administration) | 18 | $3,726,000 | $207,000 | $361,000 | $51,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $189,000 | $189,000 | $189,000 | $56,000 | $56,000 |
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 | 2,333 | $680,263,000 | $291,000 | $51,000,000 | $78,000 | $1,406,000 |
| Application Denied By Financial Institution | 1,706 | $642,620,000 | $376,000 | $65,000,000 | $64,000 | $486,000 |
| Application Withdrawn By Applicant | 1,085 | $193,546,000 | $178,000 | $20,000,000 | $90,000 | $1,320,000 |
| Loan Purchased By The Institution | 665 | $110,778,000 | $166,000 | $417,000 | $66,000 | $382,000 |
| Application Approved But Not Accepted | 51 | $16,090,000 | $315,000 | $9,159,000 | $79,000 | $497,000 |
| File Closed For Incompleteness | 13 | $771,000 | $59,000 | $131,000 | $90,000 | $198,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 517 | $78,745,000 | $152,000 | $6,038,000 | $46,000 | $293,000 |
| Unverifiable Information | 373 | $54,848,000 | $147,000 | $475,000 | $73,000 | $486,000 |
| Credit History | 366 | $74,207,000 | $202,000 | $14,200,000 | $75,000 | $483,000 |
| Collateral | 269 | $69,644,000 | $258,000 | $19,000,000 | $75,000 | $360,000 |
| Other | 101 | $354,447,000 | $3,509,000 | $65,000,000 | $59,000 | $468,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 52 | $7,007,000 | $134,000 | $402,000 | $56,000 | $180,000 |
| Employment History | 27 | $3,614,000 | $133,000 | $424,000 | $46,000 | $120,000 |
| Credit Application Incomplete | 1 | $108,000 | $108,000 | $108,000 | $82,000 | $82,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tcf National 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 Tcf National 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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