Qr Lending Inc Mortgage Lending & HMDA Data, 2011

In 2011, Qr Lending Inc of Madison, WI reported 5,732 mortgage applications totaling $858.7 million, down 20% from 2010. The average application was for $149,802, and applicants reported an average income of $73,714. 29% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Rochester, MN (749), Chattanooga, TN-GA (287) and Lake County-Kenosha County, IL-WI (216) (applications in parentheses).

Mortgage Company & Address Qr Lending Inc
555 Zor Shrine Place
Madison, WI 53719
Tel #: available with data download
Federal Regulator * available with data download
Years 2011  2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 5,732
Total Mortgage Loan Application Amount $858,666,000
Average Mortgage Loan Application Amount $149,802
Highest Mortgage Loan Application Amount $864,000
Average Applicant Income $73,714
Highest Applicant Income $2,874,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Qr Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Qr Lending Inc by Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Rochester, MN 749 $ 127,657,000 $ 170,436 $ 109,000
Chattanooga, TN-GA 287 $ 39,733,000 $ 138,442 $ 38,993
Lake County-Kenosha County, IL-WI 216 $ 43,595,000 $ 201,828 $ 45,083
Chicago-Joliet-Naperville, IL 197 $ 36,452,000 $ 185,035 $ 74,000
Milwaukee-Waukesha-West Allis, WI 166 $ 21,433,000 $ 129,114 $ 71,000
Spartanburg, SC 109 $ 17,640,000 $ 161,834 $ 85,000
Janesville, WI 106 $ 11,750,000 $ 110,849 $ 30,000
Knoxville, TN 106 $ 15,476,000 $ 146,000 $ 86,000
La Crosse, WI-MN 102 $ 15,604,000 $ 152,980 $ 25,617
Indianapolis-Carmel, IN 100 $ 13,560,000 $ 135,600 $ 68,000
Tampa-St. Petersburg-Clearwater, FL 100 $ 13,726,000 $ 137,260 $ 99,000
Florence-Muscle Shoals, AL 89 $ 9,981,000 $ 112,146 $ 60,000
Greensboro-High Point, NC 89 $ 10,802,000 $ 121,370 $ 61,000
Madison, WI 89 $ 16,012,000 $ 179,910 $ 91,000
Wausau, WI 86 $ 11,836,000 $ 137,627 $ 39,000
Phoenix-Mesa-Glendale, AZ 74 $ 15,179,000 $ 205,121 $ 122,000
Canton-Massillon, OH 71 $ 6,362,000 $ 89,605 $ 61,000
Albany, GA 59 $ 6,018,000 $ 102,000 $ 65,000
Minneapolis-St. Paul-Bloomington, MN-WI 59 $ 13,684,000 $ 231,932 $ 116,542
Cleveland, TN 57 $ 6,324,000 $ 110,947 $ 46,000
Eau Claire, WI 55 $ 7,388,000 $ 134,327 $ 72,000
Rockford, IL 52 $ 6,107,000 $ 117,442 $ 43,000
Winston-Salem, NC 52 $ 6,392,000 $ 122,923 $ 70,000
Greenville-Mauldin-Easley, SC 50 $ 6,408,000 $ 128,160 $ 74,000
St. Louis, MO-IL 48 $ 7,193,000 $ 149,854 $ 73,208
Charlotte-Gastonia-Rock Hill, NC-SC 45 $ 6,992,000 $ 155,377 $ 52,333
Crestview-Fort Walton Beach-Destin, FL 41 $ 6,591,000 $ 160,756 $ 79,000
Davenport-Moline-Rock Island, IA-IL 41 $ 3,835,000 $ 93,536 $ 34,609
Appleton, WI 40 $ 4,920,000 $ 123,000 $ 46,000
Jacksonville, FL 37 $ 7,787,000 $ 210,459 $ 142,000
Charleston-North Charleston-Summerville, SC 34 $ 4,922,000 $ 144,764 $ 84,000
Rockingham County-Strafford County, NH 30 $ 6,075,000 $ 202,500 $ 79,000
Syracuse, NY 28 $ 3,582,000 $ 127,928 $ 109,000
Bridgeport-Stamford-Norwalk, CT 27 $ 7,350,000 $ 272,222 $ 121,000
Orlando-Kissimmee-Sanford, FL 27 $ 3,192,000 $ 118,222 $ 74,000
Kankakee-Bradley, IL 26 $ 3,450,000 $ 132,692 $ 63,000
Gainesville, FL 25 $ 3,282,000 $ 131,280 $ 32,000
Cape Coral-Fort Myers, FL 24 $ 3,822,000 $ 159,250 $ 129,000
Spokane, WA 24 $ 4,521,000 $ 188,375 $ 84,000
Beaumont-Port Arthur, TX 23 $ 3,048,000 $ 132,521 $ 85,000
Green Bay, WI 22 $ 2,760,000 $ 125,454 $ 50,000
Raleigh-Cary, NC 22 $ 3,507,000 $ 159,409 $ 85,000
Philadelphia, PA 19 $ 4,488,000 $ 236,210 $ 150,000
Atlanta-Sandy Springs-Marietta, GA 17 $ 2,764,000 $ 162,588 $ 78,000
New Haven-Milford, CT 17 $ 2,952,000 $ 173,647 $ 85,000
Portland-Vancouver-Hillsboro, OR-WA 17 $ 3,500,000 $ 205,882 $ 79,058
Gary, IN 16 $ 2,137,000 $ 133,562 $ 64,000
Ocala, FL 14 $ 1,832,000 $ 130,857 $ 53,000
Lansing-East Lansing, MI 13 $ 1,259,000 $ 96,846 $ 111,000
North Port-Bradenton-Sarasota, FL 12 $ 1,694,000 $ 141,166 $ 168,000
Racine, WI 12 $ 1,960,000 $ 163,333 $ 50,000
Tallahassee, FL 12 $ 1,681,000 $ 140,083 $ 51,000
Bremerton-Silverdale, WA 11 $ 1,859,000 $ 169,000 $ 51,000
Kansas City, MO-KS 11 $ 2,192,000 $ 199,272 $ 112,727
Springfield, MA 11 $ 1,509,000 $ 137,181 $ 88,000
Tyler, TX 11 $ 1,258,000 $ 114,363 $ 12,000
Boston-Quincy, MA 10 $ 2,849,000 $ 284,900 $ 47,000
Mankato-North Mankato, MN 10 $ 1,309,000 $ 130,900 $ 86,000
Columbia, SC 9 $ 1,657,000 $ 184,111 $ 105,000
Hickory-Lenoir-Morganton, NC 9 $ 903,000 $ 100,333 $ 46,000
Seattle-Bellevue-Everett, WA 9 $ 1,979,000 $ 219,888 $ 126,000
Fayetteville-Springdale-Rogers, AR-MO 8 $ 1,189,000 $ 148,625 $ 105,000
Fond Du Lac, WI 8 $ 1,162,000 $ 145,250 $ 53,000
Houston-Sugar Land-Baytown, TX 8 $ 1,508,000 $ 188,500 $ 109,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 7 $ 1,493,000 $ 213,285 $ 92,000
Lakeland-Winter Haven, FL 7 $ 616,000 $ 88,000 $ 55,000
Oshkosh-Neenah, WI 7 $ 858,000 $ 122,571 $ 32,000
Pensacola-Ferry Pass-Brent, FL 7 $ 1,240,000 $ 177,142 $ 75,000
Sacramento--Arden-Arcade--Roseville, CA 7 $ 2,169,000 $ 309,857 $ 179,000
Dallas-Plano-Irving, TX 6 $ 806,000 $ 134,333 $ 79,000
Nashville-Davidson--Murfreesboro--Franklin, TN 6 $ 1,043,000 $ 173,833 $ 66,000
Rochester, NY 6 $ 841,000 $ 140,166 $ 66,000
Cambridge-Newton-Framingham, MA 5 $ 1,799,000 $ 359,800 $ 119,000
Cincinnati-Middletown, OH-KY-IN 5 $ 903,000 $ 180,600 $ 38,000
Duluth, MN-WI 5 $ 478,000 $ 95,600 $ 43,000
Hartford-West Hartford-East Hartford, CT 5 $ 904,000 $ 180,800 $ 116,000
Iowa City, IA 5 $ 1,120,000 $ 224,000 $ 101,000
Lynchburg, VA 5 $ 749,000 $ 149,800 $ 73,000
Portland-South Portland-Biddeford, ME 5 $ 879,000 $ 175,800 $ 65,000
Sheboygan, WI 5 $ 720,000 $ 144,000 $ 64,000
West Palm Beach-Boca Raton-Boynton Beach, FL 5 $ 992,000 $ 198,400 $ 171,000
Yuba City, CA 5 $ 544,000 $ 108,800 $ 61,000
Akron, OH 4 $ 490,000 $ 122,500 $ 63,000
Bloomington-Normal, IL 4 $ 708,000 $ 177,000 $ 113,000
Clarksville, TN-KY 4 $ 636,000 $ 159,000 $ 0
Decatur, AL 4 $ 372,000 $ 93,000 $ 71,000
Durham-Chapel Hill, NC 4 $ 473,000 $ 118,250 $ 34,000
Fargo, ND-MN 4 $ 658,000 $ 164,500 $ 87,750
Fort Worth-Arlington, TX 4 $ 637,000 $ 159,250 $ 51,000
Huntsville, AL 4 $ 618,000 $ 154,500 $ 101,000
Lake Havasu City-Kingman, AZ 4 $ 230,000 $ 57,500 $ 25,000
Lexington-Fayette, KY 4 $ 703,000 $ 175,750 $ 71,000
Naples-Marco Island, FL 4 $ 498,000 $ 124,500 $ 100,000
Salem, OR 4 $ 602,000 $ 150,500 $ 76,000
Warren-Troy-Farmington Hills, MI 4 $ 530,000 $ 132,500 $ 90,000
Anderson, SC 3 $ 522,000 $ 174,000 $ 103,000
Chico, CA 3 $ 668,000 $ 222,666 $ 93,000
Columbus, OH 3 $ 716,000 $ 238,666 $ 0
Deltona-Daytona Beach-Ormond Beach, FL 3 $ 245,000 $ 81,666 $ 112,000
Denver-Aurora-Broomfield, CO 3 $ 697,000 $ 232,333 $ 25,000
Edison-New Brunswick, NJ 3 $ 811,000 $ 270,333 $ 99,000
Memphis, TN-MS-AR 3 $ 325,000 $ 108,333 $ 49,666
Myrtle Beach-North Myrtle Beach-Conway, SC 3 $ 270,000 $ 90,000 $ 18,000
Reading, PA 3 $ 535,000 $ 178,333 $ 122,000
Santa Ana-Anaheim-Irvine, CA 3 $ 776,000 $ 258,666 $ 51,000
Tacoma, WA 3 $ 394,000 $ 131,333 $ 54,000
Trenton-Ewing, NJ 3 $ 832,000 $ 277,333 $ 216,000
Tucson, AZ 3 $ 599,000 $ 199,666 $ 91,000
Amarillo, TX 2 $ 388,000 $ 194,000 $ 107,000
Asheville, NC 2 $ 305,000 $ 152,500 $ 76,000
Austin-Round Rock-San Marcos, TX 2 $ 260,000 $ 130,000 $ 103,000
Bellingham, WA 2 $ 339,000 $ 169,500 $ 16,000
Bethesda-Rockville-Frederick, MD 2 $ 710,000 $ 355,000 $ 158,000
Bloomington, IN 2 $ 133,000 $ 66,500 $ 56,000
Burlington, NC 2 $ 169,000 $ 84,500 $ 54,000
Camden, NJ 2 $ 343,000 $ 171,500 $ 96,000
Dalton, GA 2 $ 250,000 $ 125,000 $ 20,000
Des Moines-West Des Moines, IA 2 $ 616,000 $ 308,000 $ 256,000
Flagstaff, AZ 2 $ 357,000 $ 178,500 $ 151,000
Macon, GA 2 $ 547,000 $ 273,500 $ 50,000
Manchester-Nashua, NH 2 $ 165,000 $ 82,500 $ 0
Morristown, TN 2 $ 550,000 $ 275,000 $ 75,000
Nassau-Suffolk, NY 2 $ 275,000 $ 137,500 $ 140,000
New York-White Plains-Wayne, NY-NJ 2 $ 567,000 $ 283,500 $ 175,000
Palm Coast, FL 2 $ 382,000 $ 191,000 $ 72,000
Panama City-Lynn Haven-Panama City Beach, FL 2 $ 356,000 $ 178,000 $ 36,000
Peabody, MA 2 $ 814,000 $ 407,000 $ 142,000
Pittsburgh, PA 2 $ 225,000 $ 112,500 $ 91,000
Poughkeepsie-Newburgh-Middletown, NY 2 $ 434,000 $ 217,000 $ 129,000
Riverside-San Bernardino-Ontario, CA 2 $ 294,000 $ 147,000 $ 199,000
South Bend-Mishawaka, IN-MI 2 $ 151,000 $ 75,500 $ 0
St. Cloud, MN 2 $ 241,000 $ 120,500 $ 51,000
Terre Haute, IN 2 $ 186,000 $ 93,000 $ 57,000
Topeka, KS 2 $ 330,000 $ 165,000 $ 42,000
Tulsa, OK 2 $ 328,000 $ 164,000 $ 36,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 2 $ 647,000 $ 323,500 $ 77,000
Youngstown-Warren-Boardman, OH-PA 2 $ 86,000 $ 43,000 $ 27,000
Ann Arbor, MI 1 $ 215,000 $ 215,000 $ 133,000
Auburn-Opelika, AL 1 $ 52,000 $ 52,000 $ 66,000
Bakersfield-Delano, CA 1 $ 95,000 $ 95,000 $ 69,000
Barnstable Town, MA 1 $ 240,000 $ 240,000 $ 239,000
Birmingham-Hoover, AL 1 $ 104,000 $ 104,000 $ 102,000
Boulder, CO 1 $ 417,000 $ 417,000 $ 300,000
Brunswick, GA 1 $ 65,000 $ 65,000 $ 70,000
Buffalo-Niagara Falls, NY 1 $ 163,000 $ 163,000 $ 0
Cape Girardeau-Jackson, MO-IL 1 $ 223,000 $ 223,000 $ 108,000
Cedar Rapids, IA 1 $ 283,000 $ 283,000 $ 108,000
Champaign-Urbana, IL 1 $ 74,000 $ 74,000 $ 0
Cleveland-Elyria-Mentor, OH 1 $ 120,000 $ 120,000 $ 67,000
Coeur D'Alene, ID 1 $ 132,000 $ 132,000 $ 96,000
Corvallis, OR 1 $ 241,000 $ 241,000 $ 60,000
Dubuque, IA 1 $ 49,000 $ 49,000 $ 54,000
Elizabethtown, KY 1 $ 216,000 $ 216,000 $ 118,000
Eugene-Springfield, OR 1 $ 145,000 $ 145,000 $ 35,000
Flint, MI 1 $ 160,000 $ 160,000 $ 60,000
Grand Rapids-Wyoming, MI 1 $ 200,000 $ 200,000 $ 61,000
Gulfport-Biloxi, MS 1 $ 60,000 $ 60,000 $ 71,000
Huntington-Ashland, WV-KY-OH 1 $ 31,000 $ 31,000 $ 28,000
Jackson, MS 1 $ 144,000 $ 144,000 $ 0
Kennewick-Pasco-Richland, WA 1 $ 124,000 $ 124,000 $ 86,000
Little Rock-North Little Rock-Conway, AR 1 $ 304,000 $ 304,000 $ 225,000
Los Angeles-Long Beach-Glendale, CA 1 $ 175,000 $ 175,000 $ 96,000
Lubbock, TX 1 $ 67,000 $ 67,000 $ 0
Mobile, AL 1 $ 158,000 $ 158,000 $ 142,000
Newark-Union, NJ-PA 1 $ 74,000 $ 74,000 $ 0
Oakland-Fremont-Hayward, CA 1 $ 204,000 $ 204,000 $ 50,000
Oklahoma City, OK 1 $ 150,000 $ 150,000 $ 59,000
Olympia, WA 1 $ 264,000 $ 264,000 $ 119,000
Palm Bay-Melbourne-Titusville, FL 1 $ 60,000 $ 60,000 $ 119,000
Port St. Lucie, FL 1 $ 45,000 $ 45,000 $ 68,000
Providence-New Bedford-Fall River, RI-MA 1 $ 265,000 $ 265,000 $ 140,000
Provo-Orem, UT 1 $ 110,000 $ 110,000 $ 103,000
Rapid City, SD 1 $ 170,000 $ 170,000 $ 51,000
Roanoke, VA 1 $ 128,000 $ 128,000 $ 0
Salt Lake City, UT 1 $ 176,000 $ 176,000 $ 67,000
San Antonio-New Braunfels, TX 1 $ 72,000 $ 72,000 $ 146,000
Santa Barbara-Santa Maria-Goleta, CA 1 $ 417,000 $ 417,000 $ 490,000
Sherman-Denison, TX 1 $ 230,000 $ 230,000 $ 141,000
Sioux City, IA-NE-SD 1 $ 250,000 $ 250,000 $ 474,000
St. Joseph, MO-KS 1 $ 162,000 $ 162,000 $ 69,000
Stockton, CA 1 $ 168,000 $ 168,000 $ 93,000
Toledo, OH 1 $ 302,000 $ 302,000 $ 344,000
Wilmington, NC 1 $ 134,000 $ 134,000 $ 64,000

Mortgage Loan Application Detail Totals for Qr Lending Inc in 2011

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
Refinancing 4,129 $625,397,000 $151,000 $730,000 $74,000 $2,874,000
Home Purchase 1,540 $225,726,000 $146,000 $864,000 $74,000 $850,000
Home Improvement 63 $7,543,000 $119,000 $420,000 $48,000 $640,000

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 3,885 $570,219,000 $146,000 $730,000 $88,000 $2,874,000
Not applicable 1,025 $152,899,000 $149,000 $417,000 $0 $0
Not Provided 409 $74,024,000 $180,000 $864,000 $118,000 $1,476,000
Black or African American 211 $24,492,000 $116,000 $626,000 $63,000 $420,000
Asian 92 $19,426,000 $211,000 $625,000 $116,000 $378,000
Hispanic 81 $12,590,000 $155,000 $568,000 $87,000 $330,000
American Indian or Alaskan Native 20 $3,141,000 $157,000 $300,000 $84,000 $497,000
Native Hawaiian or Other Pacific Islander 9 $1,875,000 $208,000 $417,000 $85,000 $188,000

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) 5,308 $799,550,000 $150,000 $864,000 $74,000 $1,476,000
FHA-insured (Federal Housing Administration) 329 $44,148,000 $134,000 $318,000 $57,000 $154,000
VA-guaranteed (Veterans Administration) 94 $14,885,000 $158,000 $417,000 $102,000 $2,874,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $83,000 $83,000 $83,000 $44,000 $44,000

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
File Closed For Incompleteness 1,901 $286,722,000 $150,000 $640,000 $87,000 $2,874,000
Loan Originated 1,636 $254,567,000 $155,000 $481,000 $102,000 $850,000
Loan Purchased By The Institution 1,025 $152,899,000 $149,000 $417,000 $0 $0
Application Denied By Financial Institution 781 $105,692,000 $135,000 $864,000 $72,000 $539,000
Application Withdrawn By Applicant 319 $48,493,000 $152,000 $615,000 $88,000 $646,000
Application Approved But Not Accepted 70 $10,293,000 $147,000 $484,000 $102,000 $1,215,000
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 186 $21,166,000 $113,000 $372,000 $59,000 $420,000
Other 122 $16,514,000 $135,000 $409,000 $81,000 $474,000
Debt-To-Income Ratio 73 $10,282,000 $140,000 $417,000 $53,000 $180,000
Mortgage Insurance Denied 66 $7,876,000 $119,000 $580,000 $53,000 $165,000
Collateral 14 $1,347,000 $96,000 $302,000 $71,000 $344,000
Employment History 9 $1,134,000 $126,000 $170,000 $38,000 $50,000
Insufficient Cash (Downpayment, Closing Cost) 7 $715,000 $102,000 $192,000 $51,000 $108,000
Unverifiable Information 7 $643,000 $91,000 $166,000 $37,000 $65,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Qr Lending Inc's 2011 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 Qr Lending 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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