American Financial Funding Corp. Mortgage Lending & HMDA Data, 2014
In 2014, American Financial Funding Corp. of Orland Park, IL reported 193 mortgage applications totaling $38.3 million, down 16% from 2013. The average application was for $198,606, and applicants reported an average income of $93,694. 83% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (186), Elgin, IL (4) and Lake County-Kenosha County, IL-WI (2) (applications in parentheses).
| Mortgage Company & Address | American Financial Funding Corp. 10649 W 163rd Pl Orland Park, IL 60467 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 193 |
| Total Mortgage Loan Application Amount | $38,331,000 |
| Average Mortgage Loan Application Amount | $198,606 |
| Highest Mortgage Loan Application Amount | $592,000 |
| Average Applicant Income | $93,694 |
| Highest Applicant Income | $2,248,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Financial Funding 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 American Financial Funding Corp. in 2014
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 | 144 | $29,157,000 | $202,000 | $592,000 | $81,000 | $720,000 |
| Refinancing | 49 | $9,174,000 | $187,000 | $397,000 | $131,000 | $2,248,000 |
| 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 | 148 | $29,962,000 | $202,000 | $592,000 | $98,000 | $2,248,000 |
| Black or African American | 24 | $5,046,000 | $210,000 | $382,000 | $77,000 | $175,000 |
| Hispanic | 18 | $2,897,000 | $160,000 | $280,000 | $78,000 | $189,000 |
| Not Provided | 2 | $346,000 | $173,000 | $307,000 | $103,000 | $180,000 |
| Asian | 1 | $80,000 | $80,000 | $80,000 | $67,000 | $67,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 111 | $22,471,000 | $202,000 | $592,000 | $119,000 | $2,248,000 |
| FHA-insured (Federal Housing Administration) | 79 | $15,122,000 | $191,000 | $372,000 | $58,000 | $220,000 |
| VA-guaranteed (Veterans Administration) | 3 | $738,000 | $246,000 | $380,000 | $111,000 | $156,000 |
| 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 | 161 | $32,696,000 | $203,000 | $592,000 | $96,000 | $2,248,000 |
| Application Denied By Financial Institution | 15 | $2,761,000 | $184,000 | $257,000 | $56,000 | $107,000 |
| Application Withdrawn By Applicant | 15 | $2,443,000 | $162,000 | $417,000 | $114,000 | $720,000 |
| Application Approved But Not Accepted | 1 | $392,000 | $392,000 | $392,000 | $86,000 | $86,000 |
| Preapproval Denied by Financial Institution | 1 | $39,000 | $39,000 | $39,000 | $27,000 | $27,000 |
| File Closed For Incompleteness | 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 |
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 |
|---|---|---|---|---|---|---|
| Employment History | 5 | $884,000 | $176,000 | $257,000 | $52,000 | $93,000 |
| Credit History | 3 | $459,000 | $153,000 | $232,000 | $43,000 | $56,000 |
| Debt-To-Income Ratio | 2 | $426,000 | $213,000 | $226,000 | $63,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $381,000 | $190,000 | $229,000 | $54,000 | $63,000 |
| Unverifiable Information | 2 | $293,000 | $146,000 | $224,000 | $40,000 | $51,000 |
| Mortgage Insurance Denied | 1 | $175,000 | $175,000 | $175,000 | $107,000 | $107,000 |
| Collateral | 1 | $182,000 | $182,000 | $182,000 | $67,000 | $67,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Financial Funding Corp.'s 2014 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 American Financial Funding 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.
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