Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2015
In 2015, Universal Mortgage & Finance, Inc of Edgewater, MD reported 2,406 mortgage applications totaling $515.3 million, up 71% from 2014. The average application was for $214,186, and applicants reported an average income of $80,636. 59% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (640), Orlando-Kissimmee-Sanford, FL (354) and Baltimore-Columbia-Towson, MD (229) (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 | 2,406 |
| Total Mortgage Loan Application Amount | $515,333,000 |
| Average Mortgage Loan Application Amount | $214,186 |
| Highest Mortgage Loan Application Amount | $1,185,000 |
| Average Applicant Income | $80,636 |
| Highest Applicant Income | $1,023,000 |
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Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 1,733 | $359,995,000 | $207,000 | $1,183,000 | $77,000 | $1,023,000 |
| Refinancing | 673 | $155,338,000 | $230,000 | $1,185,000 | $90,000 | $626,000 |
| 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 | 1,111 | $226,257,000 | $203,000 | $1,185,000 | $74,000 | $631,000 |
| White | 763 | $173,809,000 | $227,000 | $1,183,000 | $94,000 | $1,023,000 |
| Black or African American | 360 | $76,598,000 | $212,000 | $898,000 | $68,000 | $418,000 |
| Not Provided | 136 | $31,710,000 | $233,000 | $898,000 | $92,000 | $443,000 |
| Asian | 31 | $5,736,000 | $185,000 | $300,000 | $78,000 | $168,000 |
| American Indian or Alaskan Native | 3 | $903,000 | $301,000 | $428,000 | $178,000 | $276,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $320,000 | $160,000 | $205,000 | $38,000 | $46,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,194 | $239,859,000 | $200,000 | $719,000 | $62,000 | $325,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 941 | $210,231,000 | $223,000 | $1,185,000 | $106,000 | $1,023,000 |
| VA-guaranteed (Veterans Administration) | 197 | $50,324,000 | $255,000 | $611,000 | $79,000 | $311,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 74 | $14,919,000 | $201,000 | $418,000 | $60,000 | $119,000 |
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 | 1,422 | $306,030,000 | $215,000 | $784,000 | $78,000 | $1,023,000 |
| Application Withdrawn By Applicant | 732 | $154,201,000 | $210,000 | $1,185,000 | $86,000 | $589,000 |
| File Closed For Incompleteness | 160 | $38,063,000 | $237,000 | $898,000 | $89,000 | $443,000 |
| Application Denied By Financial Institution | 87 | $16,172,000 | $185,000 | $504,000 | $64,000 | $384,000 |
| Application Approved But Not Accepted | 5 | $867,000 | $173,000 | $254,000 | $71,000 | $109,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 24 | $4,486,000 | $186,000 | $504,000 | $67,000 | $384,000 |
| Credit History | 23 | $4,000,000 | $173,000 | $342,000 | $55,000 | $125,000 |
| Unverifiable Information | 11 | $2,204,000 | $200,000 | $293,000 | $67,000 | $161,000 |
| Collateral | 11 | $2,068,000 | $188,000 | $371,000 | $68,000 | $222,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,213,000 | $202,000 | $301,000 | $56,000 | $78,000 |
| Employment History | 2 | $197,000 | $98,000 | $154,000 | $47,000 | $58,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2015 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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