On Q Financial, LLC Mortgage Lending & HMDA Data, 2013
In 2013, On Q Financial, LLC of Scottsdale, AZ reported 8,964 mortgage applications totaling $2.6 billion, up 11% from 2012. The average application was for $290,896, and applicants reported an average income of $134,479. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Phoenix-Mesa-Glendale, AZ (3,044), Oxnard-Thousand Oaks-Ventura, CA (1,004) and Santa Ana-Anaheim-Irvine, CA (646) (applications in parentheses).
| Mortgage Company & Address | On Q Financial, LLC 4800 Scottsdale Rd Suite 5500 Scottsdale, AZ 85260 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 8,964 |
| Total Mortgage Loan Application Amount | $2,607,599,000 |
| Average Mortgage Loan Application Amount | $290,896 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $134,479 |
| Highest Applicant Income | $9,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 On Q Financial, LLC in 2013
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 | 5,565 | $1,574,484,000 | $282,000 | $2,000,000 | $125,000 | $4,068,000 |
| Refinancing | 3,399 | $1,033,115,000 | $303,000 | $2,500,000 | $150,000 | $9,600,000 |
| Home Improvement | 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 | 6,213 | $1,793,361,000 | $288,000 | $2,400,000 | $135,000 | $6,110,000 |
| Not Provided | 1,252 | $401,060,000 | $320,000 | $2,330,000 | $154,000 | $3,029,000 |
| Hispanic | 654 | $153,175,000 | $234,000 | $2,500,000 | $86,000 | $808,000 |
| Asian | 528 | $199,232,000 | $377,000 | $1,500,000 | $156,000 | $1,273,000 |
| Black or African American | 275 | $50,792,000 | $184,000 | $856,000 | $75,000 | $363,000 |
| Native Hawaiian or Other Pacific Islander | 22 | $6,271,000 | $285,000 | $800,000 | $551,000 | $9,600,000 |
| American Indian or Alaskan Native | 20 | $3,708,000 | $185,000 | $417,000 | $99,000 | $457,000 |
| 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) | 6,979 | $2,160,196,000 | $309,000 | $2,500,000 | $151,000 | $9,600,000 |
| FHA-insured (Federal Housing Administration) | 1,400 | $311,466,000 | $222,000 | $1,154,000 | $79,000 | $1,890,000 |
| VA-guaranteed (Veterans Administration) | 487 | $120,956,000 | $248,000 | $1,000,000 | $81,000 | $2,100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 98 | $14,981,000 | $152,000 | $337,000 | $48,000 | $99,000 |
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 | 6,433 | $1,867,221,000 | $290,000 | $2,330,000 | $131,000 | $4,045,000 |
| Application Withdrawn By Applicant | 1,295 | $348,783,000 | $269,000 | $1,983,000 | $145,000 | $9,600,000 |
| Application Denied By Financial Institution | 980 | $311,861,000 | $318,000 | $2,400,000 | $140,000 | $3,029,000 |
| Application Approved But Not Accepted | 159 | $49,193,000 | $309,000 | $2,500,000 | $152,000 | $1,851,000 |
| File Closed For Incompleteness | 97 | $30,541,000 | $314,000 | $1,500,000 | $151,000 | $2,503,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 253 | $82,557,000 | $326,000 | $2,400,000 | $135,000 | $2,834,000 |
| Collateral | 215 | $67,792,000 | $315,000 | $2,000,000 | $161,000 | $3,029,000 |
| Debt-To-Income Ratio | 184 | $57,327,000 | $311,000 | $1,910,000 | $103,000 | $1,273,000 |
| Credit History | 108 | $29,691,000 | $274,000 | $1,408,000 | $135,000 | $2,100,000 |
| Unverifiable Information | 73 | $23,398,000 | $320,000 | $1,170,000 | $142,000 | $689,000 |
| Other | 53 | $17,466,000 | $329,000 | $1,898,000 | $170,000 | $942,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 26 | $12,185,000 | $468,000 | $1,870,000 | $181,000 | $652,000 |
| Employment History | 25 | $7,243,000 | $289,000 | $1,320,000 | $169,000 | $1,436,000 |
| Mortgage Insurance Denied | 1 | $364,000 | $364,000 | $364,000 | $176,000 | $176,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2013 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 On Q Financial, LLC'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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