Verde Mortgage LLC Mortgage Lending & HMDA Data, 2005
In 2005, Verde Mortgage LLC of El Paso, TX reported 461 mortgage applications totaling $59.7 million. The average application was for $129,607, and applicants reported an average income of $71,971. 55% of its applications resulted in an originated loan and 8% were denied. Its largest markets were El Paso, TX (331), Las Cruces, NM (10) and Austin-Round Rock, TX (3) (applications in parentheses).
| Mortgage Company & Address | Verde Mortgage LLC 201 E. Main, 4th Floor El Paso, TX 79901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 461 |
| Total Mortgage Loan Application Amount | $59,749,000 |
| Average Mortgage Loan Application Amount | $129,607 |
| Highest Mortgage Loan Application Amount | $553,000 |
| Average Applicant Income | $71,971 |
| Highest Applicant Income | $480,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Verde Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| El Paso, Texas | 331 | $ 44,624,000 | $ 134,815 | $ 76,000 |
| Dona Ana, New Mexico | 10 | $ 1,858,000 | $ 185,800 | $ 122,000 |
| Lincoln, New Mexico | 7 | $ 1,175,000 | $ 167,857 | $ 240,000 |
| Travis, Texas | 3 | $ 716,000 | $ 238,666 | $ 125,000 |
| Fulton, Georgia | 2 | $ 347,000 | $ 173,500 | $ 117,000 |
| Bernalillo, New Mexico | 2 | $ 304,000 | $ 152,000 | $ 112,000 |
| Otero, New Mexico | 1 | $ 100,000 | $ 100,000 | $ 77,000 |
| Bexar, Texas | 1 | $ 175,000 | $ 175,000 | $ 154,000 |
| Parker, Texas | 1 | $ 146,000 | $ 146,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Verde Mortgage LLC in 2005
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 | 428 | $53,909,000 | $126,500 | $528,000 | $79,250 | $480,000 |
| Refinancing | 33 | $5,840,000 | $219,500 | $553,000 | $216,000 | $474,000 |
| 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 | 257 | $28,600,000 | $111,000 | $400,000 | $48,000 | $414,000 |
| White | 159 | $24,491,000 | $161,666 | $553,000 | $127,000 | $480,000 |
| Black or African American | 24 | $2,926,000 | $143,000 | $240,000 | $68,500 | $104,000 |
| Not Provided | 11 | $1,781,000 | $175,000 | $500,000 | $82,000 | $150,000 |
| Asian | 8 | $1,662,000 | $207,000 | $347,000 | $77,000 | $156,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $289,000 | $144,000 | $163,000 | $67,000 | $76,000 |
| 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) | 274 | $39,080,000 | $160,333 | $553,000 | $121,333 | $480,000 |
| FHA-insured (Federal Housing Administration) | 111 | $10,552,000 | $91,000 | $170,000 | $40,333 | $101,000 |
| VA-guaranteed (Veterans Administration) | 76 | $10,117,000 | $131,500 | $299,000 | $50,500 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 254 | $35,441,000 | $154,000 | $500,000 | $119,000 | $480,000 |
| Application Withdrawn By Applicant | 166 | $20,116,000 | $125,000 | $553,000 | $65,333 | $425,000 |
| Application Denied By Financial Institution | 36 | $3,786,000 | $126,500 | $262,000 | $83,500 | $143,000 |
| File Closed For Incompleteness | 3 | $199,000 | $66,000 | $72,000 | $83,000 | $180,000 |
| Application Approved But Not Accepted | 2 | $207,000 | $103,000 | $112,000 | $52,000 | $68,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 20 | $1,995,000 | $99,000 | $261,000 | $57,000 | $143,000 |
| Debt-To-Income Ratio | 10 | $1,068,000 | $106,000 | $195,000 | $55,000 | $91,000 |
| Other | 3 | $409,000 | $136,000 | $262,000 | $49,000 | $84,000 |
| Unverifiable Information | 1 | $73,000 | $73,000 | $73,000 | $29,000 | $29,000 |
| Collateral | 1 | $150,000 | $150,000 | $150,000 | $114,000 | $114,000 |
| Credit Application Incomplete | 1 | $91,000 | $91,000 | $91,000 | $39,000 | $39,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Verde Mortgage LLC's 2005 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 Verde Mortgage 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.
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