Wells Fargo Bank, Na
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Wells Fargo Bank, Na
100 N Main Street Mac D4001-042
Winston-Salem, NC 27150
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 1,241,719
Total Mortgage Loan Application Amount $341,278,629,000
Average Mortgage Loan Application Amount $153,567
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $76,642
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Wells Fargo Bank, Na in 2016

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 601,527 $177,015,437,000 $294,000 $99,999,000 $112,000 $9,999,000
Refinancing 526,684 $147,081,396,000 $279,000 $99,999,000 $113,000 $9,999,000
Home Improvement 113,588 $17,195,253,000 $151,000 $99,999,000 $93,000 $9,999,000

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 787,759 $213,217,182,000 $270,000 $20,000,000 $123,000 $9,999,000
Hispanic 127,221 $25,795,901,000 $202,000 $6,000,000 $81,000 $9,999,000
Not Provided 88,549 $26,952,062,000 $304,000 $27,000,000 $132,000 $9,999,000
Asian 81,337 $32,208,557,000 $395,000 $17,000,000 $147,000 $9,999,000
Not applicable 76,759 $27,911,845,000 $363,000 $99,999,000 $0 $0
Black or African American 70,140 $12,972,548,000 $184,000 $20,000,000 $81,000 $9,999,000
American Indian or Alaskan Native 5,560 $973,500,000 $175,000 $1,900,000 $90,000 $3,274,000
Native Hawaiin or Other Pacific Islander 4,474 $1,260,491,000 $281,000 $2,190,000 $102,000 $3,600,000

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) 966,197 $284,101,099,000 $294,000 $99,999,000 $129,000 $9,999,000
FHA-insured (Federal Housing Administration) 156,758 $28,560,427,000 $182,000 $70,949,000 $42,000 $4,786,000
VA-guaranteed (Veterans Administration) 107,196 $27,006,061,000 $251,000 $2,277,000 $53,000 $2,575,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11,648 $1,624,499,000 $139,000 $693,000 $33,000 $240,000

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 Purchased By The Institution 512,799 $120,894,054,000 $235,000 $75,094,000 $87,000 $9,999,000
Loan Originated 437,839 $146,270,649,000 $334,000 $99,999,000 $137,000 $9,999,000
Application Denied By Financial Institution 167,936 $36,339,379,000 $216,000 $99,999,000 $95,000 $9,999,000
Application Withdrawn By Applicant 105,991 $34,068,729,000 $321,000 $99,999,000 $144,000 $9,999,000
File Closed For Incompleteness 10,112 $2,426,279,000 $239,000 $46,000,000 $130,000 $9,662,000
Application Approved But Not Accepted 7,122 $1,292,996,000 $181,000 $52,842,000 $106,000 $5,904,000
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 50,489 $5,674,937,000 $112,000 $13,280,000 $80,000 $8,010,000
Debt-To-Income Ratio 47,669 $11,979,214,000 $251,000 $38,700,000 $74,000 $7,200,000
Collateral 23,707 $6,727,503,000 $283,000 $17,500,000 $134,000 $9,999,000
Other 21,929 $5,128,193,000 $233,000 $99,999,000 $107,000 $9,999,000
Credit Application Incomplete 9,914 $2,299,785,000 $231,000 $9,750,000 $119,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 7,223 $2,718,458,000 $376,000 $45,200,000 $137,000 $8,129,000
Unverifiable Information 5,527 $1,492,089,000 $269,000 $14,500,000 $117,000 $7,900,000
Employment History 1,475 $311,331,000 $211,000 $1,825,000 $62,000 $1,317,000
Mortgage Insurance Denied 3 $7,869,000 $2,623,000 $6,444,000 $17,000 $53,000
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