Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2014
In 2014, Universal Mortgage & Finance, Inc of Edgewater, MD reported 1,404 mortgage applications totaling $303.6 million, up 10% from 2013. The average application was for $216,210, and applicants reported an average income of $85,220. 64% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (383), Orlando-Kissimmee-Sanford, FL (211) and Baltimore-Columbia-Towson, MD (164) (applications in parentheses).
| Mortgage Company & Address | Universal Mortgage & Finance, Inc 3158 Braverton Street Suite 204 Edgewater, MD 21037 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 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 1,404 |
| Total Mortgage Loan Application Amount | $303,559,000 |
| Average Mortgage Loan Application Amount | $216,210 |
| Highest Mortgage Loan Application Amount | $2,400,000 |
| Average Applicant Income | $85,220 |
| Highest Applicant Income | $1,548,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Universal Mortgage & Finance, Inc in 2014
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 | 1,130 | $237,817,000 | $210,000 | $2,400,000 | $78,000 | $1,092,000 |
| Refinancing | 274 | $65,742,000 | $239,000 | $999,000 | $115,000 | $1,548,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 669 | $139,093,000 | $207,000 | $2,400,000 | $75,000 | $1,092,000 |
| White | 490 | $112,622,000 | $229,000 | $870,000 | $103,000 | $1,548,000 |
| Black or African American | 183 | $38,041,000 | $207,000 | $636,000 | $73,000 | $252,000 |
| Not Provided | 35 | $8,935,000 | $255,000 | $617,000 | $100,000 | $212,000 |
| Asian | 21 | $3,964,000 | $188,000 | $466,000 | $81,000 | $174,000 |
| American Indian or Alaskan Native | 3 | $507,000 | $169,000 | $245,000 | $55,000 | $63,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $397,000 | $132,000 | $191,000 | $18,000 | $23,000 |
| 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) | 617 | $139,296,000 | $225,000 | $2,400,000 | $107,000 | $1,548,000 |
| FHA-insured (Federal Housing Administration) | 611 | $123,278,000 | $201,000 | $636,000 | $67,000 | $249,000 |
| VA-guaranteed (Veterans Administration) | 97 | $26,400,000 | $272,000 | $562,000 | $84,000 | $218,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 79 | $14,585,000 | $184,000 | $393,000 | $58,000 | $109,000 |
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 | 902 | $196,899,000 | $218,000 | $2,400,000 | $82,000 | $1,092,000 |
| Application Withdrawn By Applicant | 404 | $86,624,000 | $214,000 | $999,000 | $94,000 | $1,548,000 |
| Application Approved But Not Accepted | 66 | $13,569,000 | $205,000 | $870,000 | $79,000 | $432,000 |
| Application Denied By Financial Institution | 32 | $6,467,000 | $202,000 | $511,000 | $64,000 | $192,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $2,218,000 | $201,000 | $393,000 | $49,000 | $109,000 |
| Credit History | 10 | $2,406,000 | $240,000 | $511,000 | $82,000 | $192,000 |
| Collateral | 5 | $697,000 | $139,000 | $250,000 | $61,000 | $94,000 |
| Unverifiable Information | 4 | $810,000 | $202,000 | $279,000 | $75,000 | $105,000 |
| Employment History | 1 | $177,000 | $177,000 | $177,000 | $51,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $159,000 | $159,000 | $159,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2014 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 Universal Mortgage & Finance, Inc'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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