Parlay Mortgage & Property, Inc. Mortgage Lending & HMDA Data, 2022
In 2022, Parlay Mortgage & Property, Inc. of Addison, IL reported 138 mortgage applications totaling $38.4 million, down 54% from 2021. The average application was for $278,043, and applicants reported an average income of $153,920. 76% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Chicago-Naperville, IL (94), Elgin, IL (10) and Gary, IN (8) (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 | 138 |
| Total Mortgage Loan Application Amount | $38,370,000 |
| Average Mortgage Loan Application Amount | $278,043 |
| Highest Mortgage Loan Application Amount | $645,000 |
| Average Applicant Income | $153,920 |
| Highest Applicant Income | $1,236,000 |
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Parlay Mortgage & Property, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 96 | $27,780,000 | $289,000 | $645,000 | $163,000 | $1,236,000 |
| Cash-out Refinancing | 25 | $5,685,000 | $227,000 | $585,000 | $136,000 | $334,000 |
| Refinancing | 17 | $4,905,000 | $288,000 | $625,000 | $129,000 | $448,000 |
| 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 | 102 | $30,160,000 | $295,000 | $645,000 | $170,000 | $1,236,000 |
| Hispanic | 23 | $5,575,000 | $242,000 | $585,000 | $98,000 | $353,000 |
| Black or African American | 7 | $1,395,000 | $199,000 | $475,000 | $107,000 | $255,000 |
| Not Provided | 3 | $595,000 | $198,000 | $225,000 | $175,000 | $226,000 |
| Asian | 3 | $645,000 | $215,000 | $285,000 | $103,000 | $124,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 129 | $36,555,000 | $283,000 | $645,000 | $160,000 | $1,236,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,610,000 | $201,000 | $375,000 | $66,000 | $225,000 |
| FHA-insured (Federal Housing Administration) | 1 | $205,000 | $205,000 | $205,000 | $82,000 | $82,000 |
| 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 | 105 | $30,565,000 | $291,000 | $645,000 | $157,000 | $1,231,000 |
| Application Withdrawn By Applicant | 24 | $6,090,000 | $253,000 | $585,000 | $118,000 | $313,000 |
| Application Denied By Financial Institution | 8 | $1,500,000 | $187,000 | $305,000 | $211,000 | $1,236,000 |
| File Closed For Incompleteness | 1 | $215,000 | $215,000 | $215,000 | $147,000 | $147,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 130 | $36,870,000 | $283,000 | $645,000 | $150,000 | $1,231,000 |
| Other | 5 | $1,015,000 | $203,000 | $305,000 | $309,000 | $1,236,000 |
| Collateral | 1 | $155,000 | $155,000 | $155,000 | $31,000 | $31,000 |
| Credit Application Incomplete | 1 | $145,000 | $145,000 | $145,000 | $66,000 | $66,000 |
| Debt-To-Income Ratio | 1 | $185,000 | $185,000 | $185,000 | $46,000 | $46,000 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Parlay Mortgage & Property, Inc.'s 2022 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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