The Mortgage Warehouse, LLC Mortgage Lending & HMDA Data, 2016

In 2016, The Mortgage Warehouse, LLC of Fort Myers, FL reported 753 mortgage applications totaling $167.6 million, up 41% from 2015. The average application was for $222,569, and applicants reported an average income of $100,158. 75% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Louisville/Jefferson County, KY-IN (420), Cape Coral-Fort Myers, FL (226) and Naples-Immokalee-Marco Island, FL (44) (applications in parentheses).

Mortgage Company & Address The Mortgage Warehouse, LLC
13430 Parker Commons Blvd Suite 103
Fort Myers, FL 33912
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 753
Total Mortgage Loan Application Amount $167,595,000
Average Mortgage Loan Application Amount $222,569
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $100,158
Highest Applicant Income $411,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Mortgage Warehouse, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for The Mortgage Warehouse, LLC 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 548 $122,352,000 $223,000 $417,000 $102,000 $411,000
Home Purchase 181 $40,167,000 $221,000 $417,000 $95,000 $400,000
Home Improvement 24 $5,076,000 $211,000 $300,000 $97,000 $194,000

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 675 $153,039,000 $226,000 $417,000 $103,000 $411,000
Not Provided 31 $5,235,000 $168,000 $333,000 $62,000 $141,000
Hispanic 18 $3,254,000 $180,000 $375,000 $75,000 $182,000
Black or African American 17 $3,642,000 $214,000 $387,000 $81,000 $149,000
Asian 10 $2,128,000 $212,000 $397,000 $109,000 $206,000
Native Hawaiin or Other Pacific Islander 2 $297,000 $148,000 $195,000 $80,000 $111,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 652 $147,016,000 $225,000 $417,000 $105,000 $411,000
FHA-insured (Federal Housing Administration) 56 $9,688,000 $173,000 $276,000 $69,000 $151,000
VA-guaranteed (Veterans Administration) 44 $10,796,000 $245,000 $417,000 $65,000 $234,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $95,000 $95,000 $95,000 $70,000 $70,000

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 561 $127,494,000 $227,000 $417,000 $103,000 $411,000
Application Denied By Financial Institution 106 $21,346,000 $201,000 $417,000 $80,000 $240,000
Application Withdrawn By Applicant 85 $18,508,000 $217,000 $415,000 $106,000 $400,000
File Closed For Incompleteness 1 $247,000 $247,000 $247,000 $88,000 $88,000
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
Credit History 29 $5,829,000 $201,000 $387,000 $94,000 $240,000
Debt-To-Income Ratio 22 $4,480,000 $203,000 $399,000 $58,000 $117,000
Other 21 $4,286,000 $204,000 $410,000 $91,000 $153,000
Collateral 8 $1,495,000 $186,000 $263,000 $70,000 $145,000
Insufficient Cash (Downpayment, Closing Cost) 5 $775,000 $155,000 $167,000 $98,000 $137,000
Credit Application Incomplete 1 $259,000 $259,000 $259,000 $50,000 $50,000
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 Mortgage Warehouse, LLC'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 The Mortgage Warehouse, LLC'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.
For a list of all lenders in Florida, download the full spreadsheet with aggregated HMDA statistics today.

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