Fairway Independent Mort Corp
Mortgage Loan Application
Totals and Details
for 2014

Mortgage Company & Address Fairway Independent Mort Corp
4801 S. Biltmore Lane
Madison, WI 53718
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2006  
Total Number of Mortgage Applications 36,264
Total Mortgage Loan Application Amount $6,856,894,000
Average Mortgage Loan Application Amount $176,361
Highest Mortgage Loan Application Amount $2,670,000
Average Applicant Income $84,706
Highest Applicant Income $4,390,000
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Mortgage Loan Application Detail Totals for Fairway Independent Mort 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 30,794 $5,599,205,000 $181,000 $2,250,000 $83,000 $4,390,000
Refinancing 4,887 $1,141,025,000 $233,000 $2,670,000 $106,000 $2,600,000
Home Improvement 583 $116,664,000 $200,000 $806,000 $96,000 $942,000

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 27,913 $5,348,221,000 $191,000 $2,670,000 $89,000 $4,390,000
Hispanic 2,731 $436,215,000 $159,000 $1,250,000 $68,000 $741,000
Black or African American 2,512 $396,511,000 $157,000 $2,000,000 $64,000 $948,000
Not Provided 1,793 $386,355,000 $215,000 $1,400,000 $99,000 $2,304,000
Asian 1,105 $251,737,000 $227,000 $2,000,000 $98,000 $756,000
American Indian or Alaskan Native 111 $19,031,000 $171,000 $554,000 $82,000 $378,000
Native Hawaiin or Other Pacific Islander 99 $18,824,000 $190,000 $417,000 $82,000 $350,000
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) 21,953 $4,477,231,000 $203,000 $2,670,000 $103,000 $4,390,000
FHA-insured (Federal Housing Administration) 8,231 $1,279,795,000 $155,000 $677,000 $60,000 $551,000
VA-guaranteed (Veterans Administration) 3,696 $771,870,000 $208,000 $1,120,000 $74,000 $492,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,384 $327,998,000 $137,000 $383,000 $48,000 $150,000

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 27,542 $5,142,449,000 $186,000 $2,670,000 $85,000 $2,304,000
Application Withdrawn By Applicant 6,475 $1,295,363,000 $200,000 $2,000,000 $96,000 $4,390,000
Application Denied By Financial Institution 1,753 $310,679,000 $177,000 $1,950,000 $75,000 $1,607,000
File Closed For Incompleteness 281 $68,698,000 $244,000 $2,000,000 $102,000 $2,150,000
Loan Purchased By The Institution 183 $33,256,000 $181,000 $554,000 $78,000 $658,000
Application Approved But Not Accepted 30 $6,449,000 $214,000 $1,060,000 $85,000 $240,000
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 459 $80,004,000 $174,000 $1,950,000 $67,000 $482,000
Debt-To-Income Ratio 455 $84,675,000 $186,000 $1,073,000 $60,000 $492,000
Collateral 446 $75,993,000 $170,000 $916,000 $91,000 $954,000
Other 144 $23,932,000 $166,000 $788,000 $78,000 $475,000
Employment History 106 $17,920,000 $169,000 $417,000 $60,000 $229,000
Unverifiable Information 62 $12,024,000 $193,000 $1,010,000 $102,000 $1,607,000
Insufficient Cash (Downpayment, Closing Cost) 43 $10,097,000 $234,000 $1,182,000 $117,000 $992,000
Credit Application Incomplete 36 $5,624,000 $156,000 $496,000 $109,000 $580,000
Mortgage Insurance Denied 2 $410,000 $205,000 $262,000 $66,000 $92,000
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