True Lending Company LLC Mortgage Lending & HMDA Data, 2004
In 2004, True Lending Company LLC of Memphis, TN reported 176 mortgage applications totaling $18.6 million. The average application was for $105,875, and applicants reported an average income of $67,215. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Memphis, TN-MS-AR (51), Colorado Springs, CO (13) and Cleveland-Elyria-Mentor, OH (7) (applications in parentheses).
| Mortgage Company & Address | True Lending Company LLC 3350 Players Club Pkwy #110 Memphis, TN 38125 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 |
| Total Number of Mortgage Applications | 176 |
| Total Mortgage Loan Application Amount | $18,634,000 |
| Average Mortgage Loan Application Amount | $105,875 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $67,215 |
| Highest Applicant Income | $248,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records True Lending Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Memphis, TN-MS-AR | 51 | $ 5,026,000 | $ 98,549 | $ 64,000 |
| Colorado Springs, CO | 13 | $ 1,400,000 | $ 107,692 | $ 74,000 |
| Cleveland-Elyria-Mentor, OH | 7 | $ 708,000 | $ 101,142 | $ 97,000 |
| Orlando, FL | 7 | $ 741,000 | $ 105,857 | $ 36,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 605,000 | $ 151,250 | $ 62,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 229,000 | $ 57,250 | $ 119,000 |
| Indianapolis, IN | 4 | $ 368,000 | $ 92,000 | $ 47,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 407,000 | $ 101,750 | $ 96,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 434,000 | $ 108,500 | $ 52,000 |
| Denver-Aurora, CO | 3 | $ 732,000 | $ 244,000 | $ 68,000 |
| Detroit-Livonia-Dearborn, MI | 3 | $ 144,000 | $ 48,000 | $ 89,000 |
| Johnson City, TN | 3 | $ 320,000 | $ 106,666 | $ 41,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 849,000 | $ 283,000 | $ 160,000 |
| Birmingham-Hoover, AL | 2 | $ 153,000 | $ 76,500 | $ 55,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 133,000 | $ 66,500 | $ 98,000 |
| Columbus, OH | 2 | $ 76,000 | $ 38,000 | $ 32,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 113,000 | $ 56,500 | $ 48,000 |
| Greenville, NC | 2 | $ 162,000 | $ 81,000 | $ 41,000 |
| Kansas City, MO-KS | 2 | $ 109,000 | $ 54,500 | $ 90,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 83,000 | $ 41,500 | $ 29,000 |
| Lansing-East Lansing, MI | 2 | $ 118,000 | $ 59,000 | $ 31,000 |
| Little Rock-North Little Rock, AR | 2 | $ 285,000 | $ 142,500 | $ 85,000 |
| Richmond, VA | 2 | $ 301,000 | $ 150,500 | $ 65,000 |
| Roanoke, VA | 2 | $ 255,000 | $ 127,500 | $ 46,000 |
| Warren-Farmington Hills-Troy, MI | 2 | $ 382,000 | $ 191,000 | $ 42,000 |
| Asheville, NC | 1 | $ 220,000 | $ 220,000 | $ 54,000 |
| Burlington, NC | 1 | $ 50,000 | $ 50,000 | $ 34,000 |
| Columbus, GA-AL | 1 | $ 104,000 | $ 104,000 | $ 36,000 |
| Evansville, IN-KY | 1 | $ 18,000 | $ 18,000 | $ 55,000 |
| Flint, MI | 1 | $ 58,000 | $ 58,000 | $ 33,000 |
| Greensboro-High Point, NC | 1 | $ 175,000 | $ 175,000 | $ 72,000 |
| Huntsville, AL | 1 | $ 53,000 | $ 53,000 | $ 23,000 |
| Jackson, TN | 1 | $ 43,000 | $ 43,000 | $ 17,000 |
| Knoxville, TN | 1 | $ 19,000 | $ 19,000 | $ 39,000 |
| Lakeland, FL | 1 | $ 116,000 | $ 116,000 | $ 92,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 149,000 | $ 149,000 | $ 234,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 68,000 | $ 68,000 | $ 61,000 |
| San Antonio, TX | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Springfield, MO | 1 | $ 77,000 | $ 77,000 | $ 54,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 90,000 | $ 90,000 | $ 31,000 |
| Tulsa, OK | 1 | $ 70,000 | $ 70,000 | $ 38,000 |
Mortgage Loan Application Detail Totals for True Lending Company LLC in 2004
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 | 130 | $12,394,000 | $92,352 | $520,000 | $60,000 | $248,000 |
| Refinancing | 46 | $6,240,000 | $138,000 | $506,000 | $73,500 | $173,000 |
| Home Improvement | 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 | 69 | $8,226,000 | $111,692 | $520,000 | $66,692 | $248,000 |
| Black or African American | 65 | $6,704,000 | $105,090 | $448,000 | $54,454 | $234,000 |
| Not Provided | 18 | $1,524,000 | $77,000 | $348,000 | $54,428 | $170,000 |
| Hispanic | 17 | $1,452,000 | $77,000 | $165,000 | $84,750 | $165,000 |
| American Indian or Alaskan Native | 4 | $384,000 | $96,000 | $176,000 | $93,500 | $143,000 |
| Asian | 3 | $344,000 | $114,500 | $183,000 | $52,500 | $55,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 176 | $18,634,000 | $100,529 | $520,000 | $61,941 | $248,000 |
| 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 | 169 | $18,280,000 | $100,941 | $520,000 | $62,588 | $248,000 |
| Application Denied By Financial Institution | 3 | $148,000 | $49,000 | $62,000 | $18,000 | $37,000 |
| Application Withdrawn By Applicant | 3 | $147,000 | $52,000 | $61,000 | $53,500 | $81,000 |
| File Closed For Incompleteness | 1 | $59,000 | $59,000 | $59,000 | $19,000 | $19,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into True Lending Company LLC's 2004 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 True Lending Company 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 Tennessee, download the full spreadsheet
with aggregated HMDA statistics today.
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