The Bankers Guarantee Title & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, The Bankers Guarantee Title & Trust Company of Medina, OH reported 844 mortgage applications totaling $107.6 million. The average application was for $127,463, and applicants reported an average income of $65,805. 92% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cleveland-Lorain-Elyria, OH (339), Akron, OH (332) and Canton-Massillon, OH (70) (applications in parentheses).
| Mortgage Company & Address | The Bankers Guarantee Title & Trust Company 1113 Medina Road Suite # 400 Medina, OH 44256 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 844 |
| Total Mortgage Loan Application Amount | $107,579,000 |
| Average Mortgage Loan Application Amount | $127,463 |
| Highest Mortgage Loan Application Amount | $616,000 |
| Average Applicant Income | $65,805 |
| Highest Applicant Income | $377,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bankers Guarantee Title & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cleveland-Lorain-Elyria, OH | 339 | $ 44,786,000 | $ 132,112 | $ 67,000 |
| Akron, OH | 332 | $ 43,234,000 | $ 130,222 | $ 66,000 |
| Canton-Massillon, OH | 70 | $ 7,709,000 | $ 110,128 | $ 66,000 |
| Dayton-Springfield, OH | 48 | $ 5,465,000 | $ 113,854 | $ 58,000 |
| Columbus, OH | 10 | $ 1,015,000 | $ 101,500 | $ 55,000 |
| Toledo, OH | 7 | $ 891,000 | $ 127,285 | $ 68,000 |
| Cincinnati, OH-KY-IN | 4 | $ 708,000 | $ 177,000 | $ 84,000 |
| Youngstown-Warren, OH | 3 | $ 256,000 | $ 85,333 | $ 51,000 |
| Hamilton-Middletown, OH | 1 | $ 111,000 | $ 111,000 | $ 125,000 |
| Lima, OH | 1 | $ 74,000 | $ 74,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for The Bankers Guarantee Title & Trust Company in 2003
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 (home purchase or home improvement, one-to-four family) | 676 | $84,682,000 | $125,000 | $347,000 | $67,000 | $377,000 |
| Home Purchase (one-to-four family) | 168 | $22,897,000 | $136,000 | $616,000 | $61,000 | $328,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 824 | $105,091,000 | $127,000 | $616,000 | $66,000 | $377,000 |
| Black | 9 | $968,000 | $107,000 | $190,000 | $61,000 | $107,000 |
| Hispanic | 8 | $1,062,000 | $132,000 | $235,000 | $57,000 | $128,000 |
| Other | 2 | $380,000 | $190,000 | $252,000 | $72,000 | $80,000 |
| Asian or Pacific Islander | 1 | $78,000 | $78,000 | $78,000 | $83,000 | $83,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 843 | $107,510,000 | $127,000 | $616,000 | $66,000 | $377,000 |
| FHA-insured (Federal Housing Administration) | 1 | $69,000 | $69,000 | $69,000 | $31,000 | $31,000 |
| 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 | 780 | $99,635,000 | $127,000 | $347,000 | $67,000 | $377,000 |
| Application Denied By Financial Institution | 33 | $3,672,000 | $111,000 | $252,000 | $63,000 | $135,000 |
| Application Withdrawn By Applicant | 19 | $2,775,000 | $146,000 | $616,000 | $63,000 | $151,000 |
| Application Approved But Not Accepted | 11 | $1,338,000 | $121,000 | $240,000 | $64,000 | $113,000 |
| File Closed For Incompleteness | 1 | $159,000 | $159,000 | $159,000 | $70,000 | $70,000 |
| Loan Purchased By The 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 | 11 | $827,000 | $75,000 | $130,000 | $46,000 | $65,000 |
| Debt-To-Income Ratio | 9 | $1,073,000 | $119,000 | $184,000 | $67,000 | $135,000 |
| Other | 9 | $1,324,000 | $147,000 | $252,000 | $78,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $363,000 | $121,000 | $179,000 | $61,000 | $73,000 |
| Collateral | 1 | $85,000 | $85,000 | $85,000 | $37,000 | $37,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Bankers Guarantee Title & Trust Company's 2003 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 The Bankers Guarantee Title & Trust Company'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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