Chicago Financial Services, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Chicago Financial Services, Inc. of Chicago, IL reported 950 mortgage applications totaling $274.6 million, up 79% from 2018. The average application was for $289,094, and applicants reported an average income of $154,112. 83% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (762), Lake County-Kenosha County, IL-WI (79) and Elgin, IL (18) (applications in parentheses).
| Mortgage Company & Address | Chicago Financial Services, Inc. 1455 W Hubbard St Ste 200 Chicago, IL 60625 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2012 |
| Total Number of Mortgage Applications | 950 |
| Total Mortgage Loan Application Amount | $274,640,000 |
| Average Mortgage Loan Application Amount | $289,094 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $154,112 |
| Highest Applicant Income | $2,469,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Chicago Financial Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville, IL | 762 | $ 218,710,000 | $ 287,020 | $ 145,000 |
| Lake County-Kenosha County, IL-WI | 79 | $ 23,745,000 | $ 300,569 | $ 203,898 |
| Elgin, IL | 18 | $ 4,390,000 | $ 243,888 | $ 168,000 |
| Outside any metro area | 13 | $ 4,465,000 | $ 343,461 | $ 183,153 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 4,095,000 | $ 315,000 | $ 172,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 4,740,000 | $ 395,000 | $ 156,000 |
| Indianapolis-Carmel-Anderson, IN | 6 | $ 1,270,000 | $ 211,666 | $ 117,000 |
| Gary, IN | 4 | $ 1,190,000 | $ 297,500 | $ 174,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 1,510,000 | $ 377,500 | $ 207,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,015,000 | $ 338,333 | $ 185,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,095,000 | $ 365,000 | $ 190,000 |
| Niles-Benton Harbor, MI | 3 | $ 935,000 | $ 311,666 | $ 203,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 480,000 | $ 240,000 | $ 144,000 |
| Flagstaff, AZ | 2 | $ 800,000 | $ 400,000 | $ 808,000 |
| Madison, WI | 2 | $ 350,000 | $ 175,000 | $ 67,000 |
| Michigan City-La Porte, IN | 2 | $ 600,000 | $ 300,000 | $ 213,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 250,000 | $ 125,000 | $ 79,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 570,000 | $ 285,000 | $ 240,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 940,000 | $ 470,000 | $ 198,000 |
| St. Louis, MO-IL | 2 | $ 240,000 | $ 120,000 | $ 97,000 |
| Tucson, AZ | 2 | $ 650,000 | $ 325,000 | $ 257,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 490,000 | $ 245,000 | $ 204,000 |
| Appleton, WI | 1 | $ 85,000 | $ 85,000 | $ 176,000 |
| Champaign-Urbana, IL | 1 | $ 105,000 | $ 105,000 | $ 46,000 |
| Elkhart-Goshen, IN | 1 | $ 155,000 | $ 155,000 | $ 60,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 125,000 | $ 125,000 | $ 210,000 |
| Janesville-Beloit, WI | 1 | $ 345,000 | $ 345,000 | $ 76,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 405,000 | $ 405,000 | $ 183,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 225,000 | $ 225,000 | $ 274,000 |
| Port St. Lucie, FL | 1 | $ 205,000 | $ 205,000 | $ 193,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 355,000 | $ 355,000 | $ 288,000 |
Mortgage Loan Application Detail Totals for Chicago Financial Services, Inc. in 2019
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 | 408 | $109,660,000 | $268,000 | $725,000 | $137,000 | $836,000 |
| Refinancing | 387 | $121,495,000 | $313,000 | $785,000 | $173,000 | $2,469,000 |
| Cash-out Refinancing | 155 | $43,485,000 | $280,000 | $1,005,000 | $152,000 | $1,260,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 698 | $210,910,000 | $302,000 | $785,000 | $164,000 | $2,469,000 |
| Hispanic | 118 | $27,360,000 | $231,000 | $485,000 | $107,000 | $1,196,000 |
| Asian | 72 | $22,740,000 | $315,000 | $1,005,000 | $156,000 | $1,260,000 |
| Black or African American | 54 | $11,430,000 | $211,000 | $525,000 | $111,000 | $640,000 |
| 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 |
| Not Provided | 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) | 907 | $264,215,000 | $291,000 | $1,005,000 | $157,000 | $2,469,000 |
| FHA-insured (Federal Housing Administration) | 43 | $10,425,000 | $242,000 | $455,000 | $94,000 | $250,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 784 | $227,080,000 | $289,000 | $785,000 | $155,000 | $2,469,000 |
| Application Withdrawn By Applicant | 120 | $32,300,000 | $269,000 | $715,000 | $147,000 | $1,260,000 |
| File Closed For Incompleteness | 36 | $11,370,000 | $315,000 | $725,000 | $153,000 | $440,000 |
| Application Denied By Financial Institution | 9 | $3,595,000 | $399,000 | $1,005,000 | $124,000 | $354,000 |
| Application Approved But Not Accepted | 1 | $295,000 | $295,000 | $295,000 | $169,000 | $169,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 941 | $271,045,000 | $288,000 | $785,000 | $154,000 | $2,469,000 |
| Debt-To-Income Ratio | 5 | $2,175,000 | $435,000 | $1,005,000 | $88,000 | $183,000 |
| Collateral | 3 | $1,235,000 | $411,000 | $495,000 | $107,000 | $171,000 |
| Unverifiable Information | 1 | $185,000 | $185,000 | $185,000 | $354,000 | $354,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Chicago Financial Services, Inc.'s 2019 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 Chicago Financial Services, Inc.'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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