Fairway Independent Mort Corp
Mortgage Loan Application
Totals and Details
for 2016

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 93,541
Total Mortgage Loan Application Amount $21,175,500,000
Average Mortgage Loan Application Amount $190,769
Highest Mortgage Loan Application Amount $5,110,000
Average Applicant Income $89,667
Highest Applicant Income $6,492,000
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Mortgage Loan Application Detail Totals for Fairway Independent Mort Corp in 2016

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 71,314 $15,437,652,000 $216,000 $5,110,000 $88,000 $6,492,000
Refinancing 19,335 $5,036,474,000 $260,000 $3,000,000 $104,000 $2,808,000
Home Improvement 2,892 $701,374,000 $242,000 $1,223,000 $102,000 $1,108,000

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 68,073 $15,361,859,000 $225,000 $5,110,000 $95,000 $6,492,000
Hispanic 7,968 $1,672,671,000 $209,000 $2,960,000 $71,000 $3,000,000
Not Provided 6,868 $1,725,066,000 $251,000 $2,300,000 $102,000 $5,040,000
Black or African American 6,194 $1,254,374,000 $202,000 $941,000 $71,000 $894,000
Asian 3,700 $990,385,000 $267,000 $1,512,000 $111,000 $1,085,000
American Indian or Alaskan Native 421 $92,583,000 $219,000 $856,000 $85,000 $779,000
Native Hawaiin or Other Pacific Islander 317 $78,562,000 $247,000 $667,000 $94,000 $761,000
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) 56,814 $13,685,062,000 $240,000 $5,110,000 $110,000 $6,492,000
FHA-insured (Federal Housing Administration) 23,960 $4,547,462,000 $189,000 $693,000 $62,000 $792,000
VA-guaranteed (Veterans Administration) 9,635 $2,476,117,000 $256,000 $1,304,000 $73,000 $1,085,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,132 $466,859,000 $149,000 $474,000 $50,000 $159,000

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 73,423 $16,468,165,000 $224,000 $1,602,000 $91,000 $3,423,000
Application Withdrawn By Applicant 14,767 $3,513,165,000 $237,000 $5,110,000 $99,000 $6,492,000
Application Denied By Financial Institution 4,380 $957,808,000 $218,000 $2,960,000 $84,000 $5,040,000
File Closed For Incompleteness 854 $209,950,000 $245,000 $2,427,000 $102,000 $1,145,000
Application Approved But Not Accepted 117 $26,412,000 $225,000 $1,006,000 $68,000 $280,000
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
Collateral 1,281 $270,649,000 $211,000 $2,960,000 $95,000 $1,098,000
Debt-To-Income Ratio 1,088 $252,128,000 $231,000 $1,700,000 $65,000 $955,000
Credit History 927 $192,965,000 $208,000 $1,680,000 $86,000 $5,040,000
Other 322 $70,967,000 $220,000 $1,474,000 $90,000 $948,000
Employment History 255 $49,495,000 $194,000 $780,000 $64,000 $468,000
Insufficient Cash (Downpayment, Closing Cost) 225 $48,377,000 $215,000 $1,032,000 $85,000 $620,000
Credit Application Incomplete 196 $49,097,000 $250,000 $982,000 $108,000 $550,000
Unverifiable Information 85 $23,770,000 $279,000 $2,820,000 $121,000 $2,808,000
Mortgage Insurance Denied 1 $360,000 $360,000 $360,000 $143,000 $143,000
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