On Q Financial, LLC Mortgage Lending & HMDA Data, 2017
In 2017, On Q Financial, LLC of Scottsdale, AZ reported 13,829 mortgage applications totaling $3.6 billion, down 2% from 2016. The average application was for $257,580, and applicants reported an average income of $102,219. 73% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,757), San Antonio-New Braunfels, TX (773) and Seattle-Bellevue-Everett, WA (736) (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 | 13,829 |
| Total Mortgage Loan Application Amount | $3,562,082,000 |
| Average Mortgage Loan Application Amount | $257,580 |
| Highest Mortgage Loan Application Amount | $5,200,000 |
| Average Applicant Income | $102,219 |
| Highest Applicant Income | $6,295,000 |
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Act (HMDA) records On Q Financial, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 11,604 | $2,942,247,000 | $253,000 | $5,200,000 | $100,000 | $6,295,000 |
| Refinancing | 2,216 | $618,199,000 | $278,000 | $2,000,000 | $114,000 | $1,645,000 |
| Home Improvement | 9 | $1,636,000 | $181,000 | $305,000 | $63,000 | $131,000 |
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 | 9,079 | $2,357,417,000 | $259,000 | $2,522,000 | $107,000 | $6,295,000 |
| Hispanic | 2,073 | $455,375,000 | $219,000 | $1,696,000 | $77,000 | $1,175,000 |
| Not Provided | 1,036 | $331,414,000 | $319,000 | $5,200,000 | $126,000 | $1,860,000 |
| Black or African American | 823 | $175,088,000 | $212,000 | $1,626,000 | $75,000 | $482,000 |
| Asian | 661 | $197,741,000 | $299,000 | $2,000,000 | $105,000 | $652,000 |
| Native Hawaiian or Other Pacific Islander | 100 | $29,748,000 | $297,000 | $622,000 | $103,000 | $326,000 |
| American Indian or Alaskan Native | 57 | $15,299,000 | $268,000 | $900,000 | $96,000 | $332,000 |
| 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) | 8,703 | $2,456,388,000 | $282,000 | $5,200,000 | $121,000 | $6,295,000 |
| FHA-insured (Federal Housing Administration) | 3,432 | $683,863,000 | $199,000 | $725,000 | $65,000 | $375,000 |
| VA-guaranteed (Veterans Administration) | 1,395 | $376,002,000 | $269,000 | $1,158,000 | $84,000 | $352,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 299 | $45,829,000 | $153,000 | $364,000 | $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 | 10,043 | $2,581,183,000 | $257,000 | $5,200,000 | $102,000 | $6,295,000 |
| Application Withdrawn By Applicant | 1,874 | $493,066,000 | $263,000 | $1,920,000 | $106,000 | $3,120,000 |
| Application Denied By Financial Institution | 1,105 | $269,237,000 | $243,000 | $2,000,000 | $87,000 | $1,645,000 |
| Application Approved But Not Accepted | 531 | $141,489,000 | $266,000 | $2,000,000 | $106,000 | $1,048,000 |
| File Closed For Incompleteness | 276 | $77,107,000 | $279,000 | $2,400,000 | $111,000 | $870,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 386 | $103,728,000 | $268,000 | $2,000,000 | $68,000 | $462,000 |
| Credit History | 264 | $54,519,000 | $206,000 | $1,358,000 | $79,000 | $1,181,000 |
| Collateral | 225 | $53,201,000 | $236,000 | $1,460,000 | $104,000 | $1,439,000 |
| Other | 72 | $16,921,000 | $235,000 | $660,000 | $117,000 | $688,000 |
| Credit Application Incomplete | 62 | $19,895,000 | $320,000 | $1,840,000 | $154,000 | $1,645,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 44 | $9,629,000 | $218,000 | $1,120,000 | $71,000 | $187,000 |
| Unverifiable Information | 26 | $5,820,000 | $223,000 | $458,000 | $82,000 | $378,000 |
| Employment History | 26 | $5,524,000 | $212,000 | $417,000 | $59,000 | $154,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into On Q Financial, LLC's 2017 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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