Performance Equity Partners, Inc. Mortgage Lending & HMDA Data, 2020

In 2020, Performance Equity Partners, Inc. of Tinley Park, IL reported 1,479 mortgage applications totaling $42.7 million, up 9% from 2019. The average application was for $28,887, and applicants reported an average income of $38,000. 31% of its applications resulted in an originated loan and 45% were denied.

Mortgage Company & Address Performance Equity Partners, Inc.
Po Box 368
Tinley Park, IL 60477
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2009  
Total Number of Mortgage Applications 1,479
Total Mortgage Loan Application Amount $42,725,000
Average Mortgage Loan Application Amount $28,887
Highest Mortgage Loan Application Amount $375,000
Average Applicant Income $38,000
Highest Applicant Income $259,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Performance Equity Partners, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Performance Equity Partners, Inc. in 2020

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 1,479 $42,725,000 $28,000 $375,000 $38,000 $259,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Refinancing 0 $0 $0 $0 $0 $0
Cash-out Refinancing 0 $0 $0 $0 $0 $0
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 1,112 $32,070,000 $28,000 $375,000 $38,000 $259,000
Not Provided 120 $3,420,000 $28,000 $65,000 $39,000 $88,000
Black or African American 112 $3,210,000 $28,000 $65,000 $37,000 $86,000
Hispanic 71 $2,065,000 $29,000 $45,000 $41,000 $91,000
American Indian or Alaskan Native 43 $1,185,000 $27,000 $55,000 $41,000 $94,000
Asian 3 $85,000 $28,000 $35,000 $49,000 $65,000
Native Hawaiian or Other Pacific Islander 1 $35,000 $35,000 $35,000 $27,000 $27,000
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) 1,479 $42,725,000 $28,000 $375,000 $38,000 $259,000
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
VA-guaranteed (Veterans Administration) 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
Application Denied By Financial Institution 668 $20,050,000 $30,000 $375,000 $30,000 $143,000
Loan Originated 457 $12,375,000 $27,000 $195,000 $46,000 $115,000
Application Withdrawn By Applicant 203 $5,995,000 $29,000 $85,000 $43,000 $259,000
Application Approved But Not Accepted 151 $4,305,000 $28,000 $75,000 $48,000 $94,000
File Closed For Incompleteness 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 811 $22,675,000 $27,000 $195,000 $45,000 $259,000
Debt-To-Income Ratio 323 $10,075,000 $31,000 $125,000 $29,000 $118,000
Employment History 205 $5,885,000 $28,000 $85,000 $26,000 $64,000
Credit History 117 $3,465,000 $29,000 $375,000 $38,000 $88,000
Unverifiable Information 23 $625,000 $27,000 $45,000 $41,000 $143,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 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 Performance Equity Partners, Inc.'s 2020 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 Performance Equity Partners, 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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