Wisconsin Mortgage Corporation Mortgage Lending & HMDA Data, 2018

In 2018, Wisconsin Mortgage Corporation of Brookfield, WI reported 1,144 mortgage applications totaling $214.4 million, down 14% from 2017. The average application was for $187,386, and applicants reported an average income of $85,439. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (894), Racine, WI (58) and Sheboygan, WI (44) (applications in parentheses).

Mortgage Company & Address Wisconsin Mortgage Corporation
Po Box 942
Brookfield, WI 53008
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  
Total Number of Mortgage Applications 1,144
Total Mortgage Loan Application Amount $214,370,000
Average Mortgage Loan Application Amount $187,386
Highest Mortgage Loan Application Amount $1,005,000
Average Applicant Income $85,439
Highest Applicant Income $666,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wisconsin Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Wisconsin Mortgage Corporation in 2018

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 1,085 $202,755,000 $186,000 $1,005,000 $85,000 $666,000
Refinancing 34 $6,760,000 $198,000 $425,000 $92,000 $408,000
Home Improvement 15 $2,615,000 $174,000 $405,000 $90,000 $208,000
Cash-out Refinancing 10 $2,240,000 $224,000 $425,000 $104,000 $378,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 990 $189,060,000 $190,000 $1,005,000 $88,000 $666,000
Asian 48 $9,040,000 $188,000 $445,000 $77,000 $408,000
Hispanic 40 $5,990,000 $149,000 $345,000 $67,000 $160,000
Black or African American 36 $4,320,000 $120,000 $285,000 $64,000 $188,000
Not Provided 26 $5,340,000 $205,000 $505,000 $95,000 $245,000
American Indian or Alaskan Native 4 $620,000 $155,000 $235,000 $52,000 $63,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 860 $160,990,000 $187,000 $1,005,000 $90,000 $666,000
FHA-insured (Federal Housing Administration) 172 $29,670,000 $172,000 $305,000 $69,000 $201,000
VA-guaranteed (Veterans Administration) 96 $21,330,000 $222,000 $505,000 $82,000 $450,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 16 $2,380,000 $148,000 $245,000 $48,000 $82,000

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 912 $171,950,000 $188,000 $685,000 $86,000 $666,000
Application Withdrawn By Applicant 157 $30,845,000 $196,000 $1,005,000 $92,000 $530,000
Application Denied By Financial Institution 64 $9,000,000 $140,000 $405,000 $72,000 $230,000
File Closed For Incompleteness 11 $2,575,000 $234,000 $325,000 $92,000 $114,000
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
Not applicable 1,080 $205,370,000 $190,000 $1,005,000 $86,000 $666,000
Collateral 18 $2,540,000 $141,000 $285,000 $81,000 $218,000
Debt-To-Income Ratio 15 $1,665,000 $111,000 $385,000 $51,000 $149,000
Credit History 13 $1,715,000 $131,000 $225,000 $73,000 $155,000
Other 12 $1,670,000 $139,000 $245,000 $65,000 $111,000
Insufficient Cash (Downpayment, Closing Cost) 4 $1,200,000 $300,000 $405,000 $115,000 $230,000
Employment History 1 $95,000 $95,000 $95,000 $63,000 $63,000
Credit Application Incomplete 1 $115,000 $115,000 $115,000 $101,000 $101,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Wisconsin Mortgage Corporation's 2018 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 Wisconsin Mortgage Corporation'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 Wisconsin, download the full spreadsheet with aggregated HMDA statistics today.

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