Silvermine Ventures LLC Mortgage Lending & HMDA Data, 2018
In 2018, Silvermine Ventures LLC of Rye Brook, NY reported 167 mortgage applications totaling $52.4 million, down 59% from 2017. The average application was for $313,742, and applicants reported an average income of $131,592. 83% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (93), Dutchess County-Putnam County, NY (67) and Bridgeport-Stamford-Norwalk, CT (6) (applications in parentheses).
| Mortgage Company & Address | Silvermine Ventures LLC 800 Westchester Ave Rye Brook, NY 10573 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 167 |
| Total Mortgage Loan Application Amount | $52,395,000 |
| Average Mortgage Loan Application Amount | $313,742 |
| Highest Mortgage Loan Application Amount | $2,065,000 |
| Average Applicant Income | $131,592 |
| Highest Applicant Income | $770,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Silvermine Ventures LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Silvermine Ventures LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 161 | $50,335,000 | $312,000 | $2,065,000 | $130,000 | $770,000 |
| Cash-out Refinancing | 4 | $1,310,000 | $327,000 | $525,000 | $187,000 | $399,000 |
| Refinancing | 2 | $750,000 | $375,000 | $455,000 | $149,000 | $169,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 94 | $29,570,000 | $314,000 | $2,065,000 | $139,000 | $770,000 |
| Not Provided | 44 | $15,280,000 | $347,000 | $625,000 | $137,000 | $333,000 |
| Hispanic | 21 | $5,985,000 | $285,000 | $515,000 | $99,000 | $191,000 |
| Black or African American | 6 | $840,000 | $140,000 | $225,000 | $63,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $118,000 | $118,000 |
| Asian | 1 | $315,000 | $315,000 | $315,000 | $223,000 | $223,000 |
| American Indian or Alaskan Native | 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) | 151 | $46,785,000 | $309,000 | $2,065,000 | $133,000 | $770,000 |
| FHA-insured (Federal Housing Administration) | 16 | $5,610,000 | $350,000 | $515,000 | $116,000 | $191,000 |
| 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 | 139 | $43,115,000 | $310,000 | $675,000 | $131,000 | $399,000 |
| Application Denied By Financial Institution | 12 | $2,780,000 | $231,000 | $375,000 | $88,000 | $164,000 |
| Application Withdrawn By Applicant | 12 | $4,690,000 | $390,000 | $2,065,000 | $155,000 | $770,000 |
| File Closed For Incompleteness | 2 | $1,130,000 | $565,000 | $675,000 | $223,000 | $257,000 |
| Application Approved But Not Accepted | 2 | $680,000 | $340,000 | $365,000 | $145,000 | $157,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 155 | $49,615,000 | $320,000 | $2,065,000 | $135,000 | $770,000 |
| Debt-To-Income Ratio | 6 | $1,550,000 | $258,000 | $375,000 | $89,000 | $164,000 |
| Collateral | 3 | $655,000 | $218,000 | $265,000 | $106,000 | $125,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $56,000 | $56,000 |
| Credit History | 1 | $225,000 | $225,000 | $225,000 | $108,000 | $108,000 |
| Unverifiable Information | 1 | $195,000 | $195,000 | $195,000 | $47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Silvermine Ventures LLC'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 Silvermine Ventures 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 New York, download the full spreadsheet
with aggregated HMDA statistics today.
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