Volunteer Trust Mortgage Corp Mortgage Lending & HMDA Data, 2004
In 2004, Volunteer Trust Mortgage Corp of Nashville, TN reported 547 mortgage applications totaling $69.4 million, down 34% from 2003. The average application was for $126,840, and applicants reported an average income of $46,356. 62% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Nashville-Davidson--Murfreesboro, TN (529), Clarksville, TN-KY (2) and Jackson, TN (1) (applications in parentheses).
| Mortgage Company & Address | Volunteer Trust Mortgage Corp 301 S. Perimeter Park Drive #125 Nashville, TN 37211 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 547 |
| Total Mortgage Loan Application Amount | $69,382,000 |
| Average Mortgage Loan Application Amount | $126,840 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $46,356 |
| Highest Applicant Income | $221,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Volunteer Trust Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Volunteer Trust Mortgage Corp 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 | 474 | $60,219,000 | $126,666 | $397,000 | $62,333 | $221,000 |
| Refinancing | 73 | $9,163,000 | $125,000 | $700,000 | $48,000 | $181,000 |
| 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 | 325 | $42,490,000 | $127,666 | $700,000 | $63,000 | $221,000 |
| Hispanic | 116 | $13,291,000 | $114,000 | $249,000 | $42,000 | $109,000 |
| Black or African American | 88 | $11,351,000 | $128,000 | $273,000 | $46,000 | $144,000 |
| Asian | 9 | $1,155,000 | $128,000 | $194,000 | $49,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $456,000 | $91,000 | $130,000 | $49,000 | $88,000 |
| American Indian or Alaskan Native | 2 | $367,000 | $183,000 | $215,000 | $65,000 | $90,000 |
| Not Provided | 2 | $272,000 | $136,000 | $186,000 | $44,000 | $58,000 |
| 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) | 363 | $44,120,000 | $127,000 | $229,000 | $42,000 | $221,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 157 | $20,917,000 | $126,500 | $700,000 | $74,000 | $212,000 |
| VA-guaranteed (Veterans Administration) | 27 | $4,345,000 | $160,000 | $237,000 | $63,000 | $99,000 |
| 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 | 339 | $44,366,000 | $130,000 | $397,000 | $54,000 | $221,000 |
| Application Denied By Financial Institution | 150 | $17,169,000 | $117,000 | $700,000 | $68,000 | $181,000 |
| Application Withdrawn By Applicant | 58 | $7,847,000 | $134,000 | $273,000 | $47,000 | $120,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 75 | $8,223,000 | $109,000 | $218,000 | $32,000 | $95,000 |
| Other | 34 | $3,739,000 | $114,500 | $194,000 | $66,500 | $100,000 |
| Credit Application Incomplete | 25 | $3,398,000 | $135,000 | $700,000 | $50,000 | $181,000 |
| Debt-To-Income Ratio | 10 | $1,091,000 | $109,000 | $150,000 | $26,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $429,000 | $143,000 | $213,000 | $64,000 | $144,000 |
| Unverifiable Information | 2 | $204,000 | $102,000 | $152,000 | $30,000 | $40,000 |
| Collateral | 1 | $85,000 | $85,000 | $85,000 | $20,000 | $20,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Volunteer Trust Mortgage Corp'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 Volunteer Trust Mortgage Corp'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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