Parlay Mortgage & Property, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Parlay Mortgage & Property, Inc. of Addison, IL reported 299 mortgage applications totaling $78.9 million, down 14% from 2020. The average application was for $263,829, and applicants reported an average income of $133,685. 79% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville, IL (193), Elgin, IL (35) and Gary, IN (15) (applications in parentheses).
| Mortgage Company & Address | Parlay Mortgage & Property, Inc. 16612 W 159th Street Suite 201 Addison, IL 60441 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 299 |
| Total Mortgage Loan Application Amount | $78,885,000 |
| Average Mortgage Loan Application Amount | $263,829 |
| Highest Mortgage Loan Application Amount | $545,000 |
| Average Applicant Income | $133,685 |
| Highest Applicant Income | $651,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Parlay Mortgage & Property, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Parlay Mortgage & Property, Inc. in 2021
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 | 137 | $38,815,000 | $283,000 | $545,000 | $131,000 | $651,000 |
| Refinancing | 119 | $29,155,000 | $245,000 | $505,000 | $141,000 | $651,000 |
| Cash-out Refinancing | 43 | $10,915,000 | $253,000 | $455,000 | $122,000 | $321,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 233 | $62,175,000 | $266,000 | $545,000 | $140,000 | $651,000 |
| Hispanic | 27 | $6,555,000 | $242,000 | $475,000 | $94,000 | $238,000 |
| Black or African American | 15 | $4,025,000 | $268,000 | $505,000 | $103,000 | $322,000 |
| Asian | 14 | $3,420,000 | $244,000 | $545,000 | $149,000 | $342,000 |
| Not applicable | 5 | $1,615,000 | $323,000 | $475,000 | $0 | $0 |
| Not Provided | 4 | $830,000 | $207,000 | $245,000 | $103,000 | $161,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $265,000 | $265,000 | $265,000 | $100,000 | $100,000 |
| American Indian or Alaskan Native | 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) | 285 | $74,405,000 | $261,000 | $545,000 | $138,000 | $651,000 |
| VA-guaranteed (Veterans Administration) | 14 | $4,480,000 | $320,000 | $495,000 | $44,000 | $133,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 235 | $62,055,000 | $264,000 | $545,000 | $137,000 | $651,000 |
| Application Withdrawn By Applicant | 52 | $13,690,000 | $263,000 | $525,000 | $121,000 | $600,000 |
| Application Denied By Financial Institution | 6 | $1,350,000 | $225,000 | $365,000 | $114,000 | $296,000 |
| Loan Purchased By The Institution | 5 | $1,615,000 | $323,000 | $475,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $175,000 | $175,000 | $175,000 | $40,000 | $40,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 293 | $77,535,000 | $264,000 | $545,000 | $134,000 | $651,000 |
| Other | 2 | $600,000 | $300,000 | $325,000 | $178,000 | $296,000 |
| Credit History | 2 | $270,000 | $135,000 | $185,000 | $68,000 | $89,000 |
| Debt-To-Income Ratio | 2 | $480,000 | $240,000 | $365,000 | $97,000 | $142,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Parlay Mortgage & Property, Inc.'s 2021 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 Parlay Mortgage & Property, 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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