Decision One Mortgage Mortgage Lending & HMDA Data, 2005
In 2005, Decision One Mortgage of Mettawa, IL reported 198,730 mortgage applications totaling $26.1 billion. The average application was for $131,563, and applicants reported an average income of $57,850. 51% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (7,191), Chicago-Naperville-Joliet, IL (6,750) and Minneapolis-St. Paul-Bloomington, MN-WI (6,038) (applications in parentheses).
| Mortgage Company & Address | Decision One Mortgage 26525 N. Riverwoods Blvd. Mettawa, IL 60045 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 198,730 |
| Total Mortgage Loan Application Amount | $26,145,536,000 |
| Average Mortgage Loan Application Amount | $131,563 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $57,850 |
| Highest Applicant Income | $7,866,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Decision One Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Decision One Mortgage in 2005
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 | 107,518 | $12,399,493,000 | $105,224 | $1,000,000 | $53,408 | $7,866,000 |
| Refinancing | 91,207 | $13,745,334,000 | $142,240 | $1,200,000 | $57,260 | $1,692,000 |
| Home Improvement | 5 | $709,000 | $167,750 | $318,000 | $47,250 | $76,000 |
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 | 86,832 | $11,057,178,000 | $120,791 | $1,000,000 | $65,895 | $1,920,000 |
| Not applicable | 35,285 | $3,982,078,000 | $116,063 | $840,000 | $0 | $0 |
| Hispanic | 27,832 | $4,383,948,000 | $122,306 | $1,000,000 | $62,591 | $1,920,000 |
| Black or African American | 27,675 | $3,328,836,000 | $120,510 | $900,000 | $60,734 | $7,866,000 |
| Not Provided | 15,813 | $2,449,474,000 | $136,020 | $1,200,000 | $64,480 | $1,241,000 |
| Asian | 3,928 | $731,370,000 | $140,875 | $861,000 | $72,375 | $1,292,000 |
| Native Hawaiian or Other Pacific Islander | 786 | $139,132,000 | $153,594 | $750,000 | $69,810 | $600,000 |
| American Indian or Alaskan Native | 579 | $73,520,000 | $115,452 | $850,000 | $63,095 | $577,000 |
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) | 198,730 | $26,145,536,000 | $123,800 | $1,200,000 | $55,720 | $7,866,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 101,697 | $12,972,828,000 | $116,020 | $1,000,000 | $63,333 | $7,866,000 |
| Loan Purchased By The Institution | 35,289 | $3,982,300,000 | $116,042 | $840,000 | $0 | $0 |
| Application Approved But Not Accepted | 31,992 | $4,585,515,000 | $133,653 | $1,200,000 | $65,673 | $1,692,000 |
| Application Denied By Financial Institution | 24,598 | $3,837,612,000 | $141,183 | $1,000,000 | $66,938 | $1,292,000 |
| Application Withdrawn By Applicant | 2,951 | $447,480,000 | $142,209 | $938,000 | $69,930 | $1,173,000 |
| Preapproval Denied by Financial Institution | 2,203 | $319,801,000 | $145,000 | $1,000,000 | $85,000 | $1,241,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Decision One Mortgage's 2005 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 Decision One Mortgage'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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