On Q Financial, LLC Mortgage Lending & HMDA Data, 2014
In 2014, On Q Financial, LLC of Scottsdale, AZ reported 7,622 mortgage applications totaling $2.2 billion, down 15% from 2013. The average application was for $292,429, and applicants reported an average income of $120,485. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,017), Oxnard-Thousand Oaks-Ventura, CA (644) and Seattle-Bellevue-Everett, WA (495) (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 | 7,622 |
| Total Mortgage Loan Application Amount | $2,228,900,000 |
| Average Mortgage Loan Application Amount | $292,429 |
| Highest Mortgage Loan Application Amount | $4,200,000 |
| Average Applicant Income | $120,485 |
| Highest Applicant Income | $3,022,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 6,014 | $1,670,752,000 | $277,000 | $3,600,000 | $115,000 | $3,022,000 |
| Refinancing | 1,608 | $558,148,000 | $347,000 | $4,200,000 | $141,000 | $2,265,000 |
| 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 | 5,453 | $1,615,253,000 | $296,000 | $3,600,000 | $124,000 | $3,022,000 |
| Not Provided | 596 | $187,570,000 | $314,000 | $2,750,000 | $138,000 | $1,993,000 |
| Hispanic | 550 | $118,898,000 | $216,000 | $1,060,000 | $78,000 | $499,000 |
| Asian | 526 | $210,059,000 | $399,000 | $4,200,000 | $154,000 | $1,716,000 |
| Black or African American | 445 | $82,484,000 | $185,000 | $1,094,000 | $68,000 | $316,000 |
| Native Hawaiian or Other Pacific Islander | 27 | $7,841,000 | $290,000 | $765,000 | $119,000 | $300,000 |
| American Indian or Alaskan Native | 25 | $6,795,000 | $271,000 | $903,000 | $113,000 | $324,000 |
| 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) | 5,586 | $1,793,454,000 | $321,000 | $4,200,000 | $139,000 | $3,022,000 |
| FHA-insured (Federal Housing Administration) | 1,346 | $265,567,000 | $197,000 | $815,000 | $68,000 | $400,000 |
| VA-guaranteed (Veterans Administration) | 550 | $148,811,000 | $270,000 | $1,033,000 | $83,000 | $302,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 140 | $21,068,000 | $150,000 | $299,000 | $47,000 | $90,000 |
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 | 5,629 | $1,628,138,000 | $289,000 | $2,980,000 | $120,000 | $3,022,000 |
| Application Denied By Financial Institution | 962 | $304,818,000 | $316,000 | $4,200,000 | $126,000 | $2,305,000 |
| Application Withdrawn By Applicant | 833 | $239,053,000 | $286,000 | $2,390,000 | $119,000 | $1,404,000 |
| Application Approved But Not Accepted | 111 | $32,411,000 | $291,000 | $1,480,000 | $117,000 | $1,077,000 |
| File Closed For Incompleteness | 87 | $24,480,000 | $281,000 | $1,850,000 | $113,000 | $640,000 |
| 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 | 405 | $137,353,000 | $339,000 | $4,200,000 | $149,000 | $2,305,000 |
| Debt-To-Income Ratio | 184 | $58,791,000 | $319,000 | $1,245,000 | $87,000 | $454,000 |
| Collateral | 170 | $44,592,000 | $262,000 | $3,600,000 | $124,000 | $1,562,000 |
| Credit History | 99 | $31,422,000 | $317,000 | $2,935,000 | $121,000 | $1,026,000 |
| Other | 42 | $13,477,000 | $320,000 | $1,500,000 | $131,000 | $913,000 |
| Unverifiable Information | 24 | $7,666,000 | $319,000 | $1,434,000 | $117,000 | $479,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 22 | $6,897,000 | $313,000 | $1,300,000 | $104,000 | $518,000 |
| Employment History | 8 | $2,954,000 | $369,000 | $900,000 | $86,000 | $218,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2014 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.
For a list of all lenders in Arizona, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About