On Q Financial, LLC Mortgage Lending & HMDA Data, 2015
In 2015, On Q Financial, LLC of Scottsdale, AZ reported 10,689 mortgage applications totaling $3.1 billion, up 40% from 2014. The average application was for $287,783, and applicants reported an average income of $115,585. 74% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,155), Seattle-Bellevue-Everett, WA (1,008) and Oxnard-Thousand Oaks-Ventura, CA (732) (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 | 10,689 |
| Total Mortgage Loan Application Amount | $3,076,122,000 |
| Average Mortgage Loan Application Amount | $287,783 |
| Highest Mortgage Loan Application Amount | $3,325,000 |
| Average Applicant Income | $115,585 |
| Highest Applicant Income | $4,627,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 7,987 | $2,153,938,000 | $269,000 | $2,400,000 | $108,000 | $1,676,000 |
| Refinancing | 2,701 | $921,629,000 | $341,000 | $3,325,000 | $138,000 | $4,627,000 |
| Home Improvement | 1 | $555,000 | $555,000 | $555,000 | $161,000 | $161,000 |
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 | 7,464 | $2,147,952,000 | $287,000 | $3,325,000 | $118,000 | $4,627,000 |
| Not Provided | 1,070 | $334,983,000 | $313,000 | $2,396,000 | $129,000 | $3,834,000 |
| Hispanic | 1,014 | $241,091,000 | $237,000 | $2,000,000 | $82,000 | $776,000 |
| Asian | 610 | $236,084,000 | $387,000 | $1,744,000 | $150,000 | $1,676,000 |
| Black or African American | 462 | $96,240,000 | $208,000 | $1,840,000 | $77,000 | $1,147,000 |
| American Indian or Alaskan Native | 35 | $9,464,000 | $270,000 | $626,000 | $89,000 | $228,000 |
| Native Hawaiian or Other Pacific Islander | 34 | $10,308,000 | $303,000 | $743,000 | $95,000 | $289,000 |
| 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) | 7,203 | $2,305,293,000 | $320,000 | $3,325,000 | $137,000 | $4,627,000 |
| FHA-insured (Federal Housing Administration) | 2,459 | $510,922,000 | $207,000 | $735,000 | $68,000 | $538,000 |
| VA-guaranteed (Veterans Administration) | 848 | $231,013,000 | $272,000 | $819,000 | $84,000 | $489,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 179 | $28,894,000 | $161,000 | $422,000 | $50,000 | $130,000 |
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 | 7,935 | $2,255,623,000 | $284,000 | $2,304,000 | $115,000 | $4,627,000 |
| Application Denied By Financial Institution | 1,220 | $374,291,000 | $306,000 | $2,400,000 | $118,000 | $3,834,000 |
| Application Withdrawn By Applicant | 1,201 | $341,075,000 | $283,000 | $3,325,000 | $117,000 | $1,306,000 |
| Application Approved But Not Accepted | 258 | $78,066,000 | $302,000 | $1,560,000 | $123,000 | $1,849,000 |
| File Closed For Incompleteness | 75 | $27,067,000 | $360,000 | $1,500,000 | $143,000 | $1,231,000 |
| 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 | 564 | $183,836,000 | $325,000 | $2,100,000 | $124,000 | $3,834,000 |
| Collateral | 245 | $64,320,000 | $262,000 | $1,900,000 | $128,000 | $3,172,000 |
| Debt-To-Income Ratio | 172 | $53,867,000 | $313,000 | $2,400,000 | $92,000 | $1,145,000 |
| Credit History | 106 | $26,471,000 | $249,000 | $849,000 | $111,000 | $681,000 |
| Other | 53 | $17,381,000 | $327,000 | $1,330,000 | $131,000 | $621,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 23 | $9,360,000 | $406,000 | $1,433,000 | $138,000 | $684,000 |
| Unverifiable Information | 22 | $7,804,000 | $354,000 | $2,396,000 | $103,000 | $702,000 |
| Employment History | 13 | $4,144,000 | $318,000 | $1,012,000 | $71,000 | $204,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2015 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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