Professional Mortgage Partners Mortgage Lending & HMDA Data, 2008

In 2008, Professional Mortgage Partners of Downers Grove, IL reported 7,009 mortgage applications totaling $1.9 billion. The average application was for $264,259, and applicants reported an average income of $144,880. 61% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (6,119), Lake County-Kenosha County, IL-WI (242) and Gary, IN (64) (applications in parentheses).

Mortgage Company & Address Professional Mortgage Partners
2626 Warrenville Rd Suite 200
Downers Grove, IL 60515
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  
Total Number of Mortgage Applications 7,009
Total Mortgage Loan Application Amount $1,852,192,000
Average Mortgage Loan Application Amount $264,259
Highest Mortgage Loan Application Amount $4,500,000
Average Applicant Income $144,880
Highest Applicant Income $9,877,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Professional Mortgage Partners filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Professional Mortgage Partners by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cook, Illinois 3,726 $ 977,431,000 $ 262,327 $ 130,000
DuPage, Illinois 1,353 $ 338,888,000 $ 250,471 $ 126,000
Will, Illinois 500 $ 114,724,000 $ 229,448 $ 116,000
Kane, Illinois 265 $ 65,433,000 $ 246,916 $ 126,000
Lake, Illinois 237 $ 72,331,000 $ 305,194 $ 169,000
Kendall, Illinois 152 $ 33,653,000 $ 221,401 $ 91,000
McHenry, Illinois 82 $ 16,673,000 $ 203,329 $ 98,000
Lake, Indiana 53 $ 10,270,000 $ 193,773 $ 118,000
San Diego, California 38 $ 24,834,000 $ 653,526 $ 862,000
DeKalb, Illinois 36 $ 5,473,000 $ 152,027 $ 71,000
Napa, California 30 $ 13,338,000 $ 444,600 $ 743,000
Clark, Nevada 21 $ 10,952,000 $ 521,523 $ 678,000
Walworth, Wisconsin 18 $ 4,413,000 $ 245,166 $ 260,000
Orange, Florida 17 $ 4,348,000 $ 255,764 $ 339,000
Miami-Dade, Florida 16 $ 9,955,000 $ 622,187 $ 347,000
Lamoille, Vermont 14 $ 5,938,000 $ 424,142 $ 314,000
Berrien, Michigan 12 $ 3,484,000 $ 290,333 $ 229,000
Orange, California 11 $ 6,554,000 $ 595,818 $ 366,000
Winnebago, Illinois 11 $ 2,169,000 $ 197,181 $ 170,000
Porter, Indiana 11 $ 2,908,000 $ 264,363 $ 129,000
LaSalle, Illinois 9 $ 1,274,000 $ 141,555 $ 81,000
LaPorte, Indiana 9 $ 1,950,000 $ 216,666 $ 310,000
Mono, California 8 $ 3,856,000 $ 482,000 $ 422,000
Kankakee, Illinois 8 $ 1,126,000 $ 140,750 $ 71,000
Johnson, Kansas 8 $ 1,669,000 $ 208,625 $ 113,000
Jefferson, Kentucky 8 $ 2,007,000 $ 250,875 $ 140,000
Los Angeles, California 7 $ 4,083,000 $ 583,285 $ 352,000
Hennepin, Minnesota 7 $ 1,757,000 $ 251,000 $ 113,000
Placer, California 6 $ 2,056,000 $ 342,666 $ 671,000
Eagle, Colorado 6 $ 7,608,000 $ 1,268,000 $ 1,207,000
Collier, Florida 6 $ 6,908,000 $ 1,151,333 $ 668,000
Maui, Hawaii 6 $ 8,284,000 $ 1,380,666 $ 2,531,000
Champaign, Illinois 6 $ 884,000 $ 147,333 $ 89,000
Allegan, Michigan 6 $ 1,567,000 $ 261,166 $ 186,000
Hamilton, Ohio 6 $ 1,696,000 $ 282,666 $ 164,000
Milwaukee, Wisconsin 6 $ 1,171,000 $ 195,166 $ 113,000
Arapahoe, Colorado 5 $ 1,498,000 $ 299,600 $ 201,000
Grundy, Illinois 5 $ 1,040,000 $ 208,000 $ 76,000
Hamilton, Indiana 5 $ 852,000 $ 170,400 $ 112,000
Starke, Indiana 5 $ 1,334,000 $ 266,800 $ 459,000
Ottawa, Michigan 5 $ 867,000 $ 173,400 $ 154,000
King, Washington 5 $ 1,923,000 $ 384,600 $ 264,000
Kenosha, Wisconsin 5 $ 1,895,000 $ 379,000 $ 195,000
Maricopa, Arizona 4 $ 1,013,000 $ 253,250 $ 162,000
Boulder, Colorado 4 $ 1,272,000 $ 318,000 $ 102,000
Fulton, Georgia 4 $ 1,355,000 $ 338,750 $ 139,000
Henry, Illinois 4 $ 599,000 $ 149,750 $ 124,000
St. Joseph, Indiana 4 $ 917,000 $ 229,250 $ 179,000
White, Indiana 4 $ 874,000 $ 218,500 $ 123,000
Kalamazoo, Michigan 4 $ 2,124,000 $ 531,000 $ 398,000
St. Louis, Missouri 4 $ 766,000 $ 191,500 $ 62,000
Cuyahoga, Ohio 4 $ 1,191,000 $ 297,750 $ 160,000
Waukesha, Wisconsin 4 $ 1,111,000 $ 277,750 $ 132,000
Lee, Florida 3 $ 1,162,000 $ 387,333 $ 252,000
Osceola, Florida 3 $ 702,000 $ 234,000 $ 210,000
Palm Beach, Florida 3 $ 2,996,000 $ 998,666 $ 396,000
Sarasota, Florida 3 $ 553,000 $ 184,333 $ 157,000
Carroll, Illinois 3 $ 957,000 $ 319,000 $ 345,000
Coles, Illinois 3 $ 458,000 $ 152,666 $ 80,000
Jo Daviess, Illinois 3 $ 514,000 $ 171,333 $ 128,000
Hancock, Indiana 3 $ 582,000 $ 194,000 $ 271,000
Hendricks, Indiana 3 $ 302,000 $ 100,666 $ 145,000
Cass, Michigan 3 $ 471,000 $ 157,000 $ 182,000
Grand Traverse, Michigan 3 $ 689,000 $ 229,666 $ 52,000
Oakland, Michigan 3 $ 1,033,000 $ 344,333 $ 247,000
Van Buren, Michigan 3 $ 564,000 $ 188,000 $ 156,000
St. Charles, Missouri 3 $ 531,000 $ 177,000 $ 100,000
Westchester, New York 3 $ 1,947,000 $ 649,000 $ 331,000
Wake, North Carolina 3 $ 568,000 $ 189,333 $ 109,000
Chelan, Washington 3 $ 1,113,000 $ 371,000 $ 268,000
Dane, Wisconsin 3 $ 792,000 $ 264,000 $ 106,000
Sawyer, Wisconsin 3 $ 779,000 $ 259,666 $ 286,000
Riverside, California 2 $ 488,000 $ 244,000 $ 134,000
San Francisco, California 2 $ 2,023,000 $ 1,011,500 $ 294,000
Santa Clara, California 2 $ 830,000 $ 415,000 $ 243,000
El Paso, Colorado 2 $ 597,000 $ 298,500 $ 116,000
Jefferson, Colorado 2 $ 503,000 $ 251,500 $ 66,000
Fairfield, Connecticut 2 $ 623,000 $ 311,500 $ 97,000
Litchfield, Connecticut 2 $ 425,000 $ 212,500 $ 101,000
Escambia, Florida 2 $ 826,000 $ 413,000 $ 363,000
Pinellas, Florida 2 $ 817,000 $ 408,500 $ 156,000
Lee, Illinois 2 $ 240,000 $ 120,000 $ 49,000
McLean, Illinois 2 $ 443,000 $ 221,500 $ 88,000
Whiteside, Illinois 2 $ 219,000 $ 109,500 $ 89,000
Allen, Indiana 2 $ 655,000 $ 327,500 $ 165,000
Kosciusko, Indiana 2 $ 448,000 $ 224,000 $ 120,000
Marion, Indiana 2 $ 378,000 $ 189,000 $ 189,000
Scott, Iowa 2 $ 287,000 $ 143,500 $ 120,000
Montgomery, Maryland 2 $ 695,000 $ 347,500 $ 421,000
Essex, Massachusetts 2 $ 649,000 $ 324,500 $ 118,000
Clinton, Michigan 2 $ 303,000 $ 151,500 $ 75,000
Eaton, Michigan 2 $ 393,000 $ 196,500 $ 96,000
Hillsdale, Michigan 2 $ 324,000 $ 162,000 $ 122,000
Ingham, Michigan 2 $ 380,000 $ 190,000 $ 147,000
Kent, Michigan 2 $ 600,000 $ 300,000 $ 162,000
St. Louis City, Missouri 2 $ 266,000 $ 133,000 $ 61,000
Douglas, Nebraska 2 $ 468,000 $ 234,000 $ 120,000
Nassau, New York 2 $ 1,026,000 $ 513,000 $ 201,000
Mecklenburg, North Carolina 2 $ 542,000 $ 271,000 $ 180,000
Chester, Pennsylvania 2 $ 667,000 $ 333,500 $ 275,000
Knox, Tennessee 2 $ 649,000 $ 324,500 $ 134,000
Sevier, Tennessee 2 $ 526,000 $ 263,000 $ 180,000
Bexar, Texas 2 $ 208,000 $ 104,000 $ 50,000
Harris, Texas 2 $ 318,000 $ 159,000 $ 56,000
Travis, Texas 2 $ 814,000 $ 407,000 $ 127,000
Brown, Wisconsin 2 $ 500,000 $ 250,000 $ 132,000
Oneida, Wisconsin 2 $ 200,000 $ 100,000 $ 142,000
Shelby, Alabama 1 $ 162,000 $ 162,000 $ 64,000
Contra Costa, California 1 $ 250,000 $ 250,000 $ 168,000
Marin, California 1 $ 350,000 $ 350,000 $ 490,000
San Luis Obispo, California 1 $ 283,000 $ 283,000 $ 180,000
San Mateo, California 1 $ 300,000 $ 300,000 $ 661,000
Sonoma, California 1 $ 258,000 $ 258,000 $ 68,000
Douglas, Colorado 1 $ 417,000 $ 417,000 $ 210,000
Larimer, Colorado 1 $ 160,000 $ 160,000 $ 242,000
Mesa, Colorado 1 $ 268,000 $ 268,000 $ 180,000
Routt, Colorado 1 $ 1,290,000 $ 1,290,000 $ 1,388,000
Hartford, Connecticut 1 $ 152,000 $ 152,000 $ 123,000
Middlesex, Connecticut 1 $ 377,000 $ 377,000 $ 114,000
New Haven, Connecticut 1 $ 338,000 $ 338,000 $ 169,000
New London, Connecticut 1 $ 164,000 $ 164,000 $ 40,000
Broward, Florida 1 $ 270,000 $ 270,000 $ 104,000
Duval, Florida 1 $ 296,000 $ 296,000 $ 97,000
Lake, Florida 1 $ 276,000 $ 276,000 $ 341,000
Seminole, Florida 1 $ 132,000 $ 132,000 $ 62,000
Walton, Florida 1 $ 194,000 $ 194,000 $ 180,000
Honolulu, Hawaii 1 $ 427,000 $ 427,000 $ 0
Boone, Illinois 1 $ 205,000 $ 205,000 $ 150,000
Livingston, Illinois 1 $ 198,000 $ 198,000 $ 94,000
Macon, Illinois 1 $ 97,000 $ 97,000 $ 48,000
Mercer, Illinois 1 $ 161,000 $ 161,000 $ 35,000
Peoria, Illinois 1 $ 132,000 $ 132,000 $ 125,000
Stephenson, Illinois 1 $ 278,000 $ 278,000 $ 132,000
Bartholomew, Indiana 1 $ 209,000 $ 209,000 $ 128,000
Monroe, Indiana 1 $ 100,000 $ 100,000 $ 372,000
Tippecanoe, Indiana 1 $ 149,000 $ 149,000 $ 41,000
Cerro Gordo, Iowa 1 $ 296,000 $ 296,000 $ 149,000
Polk, Iowa 1 $ 124,000 $ 124,000 $ 53,000
Story, Iowa 1 $ 196,000 $ 196,000 $ 58,000
Butler, Kansas 1 $ 329,000 $ 329,000 $ 75,000
Oldham, Kentucky 1 $ 340,000 $ 340,000 $ 130,000
York, Maine 1 $ 120,000 $ 120,000 $ 139,000
Howard, Maryland 1 $ 170,000 $ 170,000 $ 211,000
Middlesex, Massachusetts 1 $ 417,000 $ 417,000 $ 107,000
Suffolk, Massachusetts 1 $ 273,000 $ 273,000 $ 67,000
Alger, Michigan 1 $ 102,000 $ 102,000 $ 171,000
Barry, Michigan 1 $ 150,000 $ 150,000 $ 73,000
Emmet, Michigan 1 $ 314,000 $ 314,000 $ 145,000
Saginaw, Michigan 1 $ 161,000 $ 161,000 $ 456,000
St. Joseph, Michigan 1 $ 368,000 $ 368,000 $ 200,000
Washtenaw, Michigan 1 $ 240,000 $ 240,000 $ 154,000
Wayne, Michigan 1 $ 72,000 $ 72,000 $ 127,000
Ramsey, Minnesota 1 $ 157,000 $ 157,000 $ 48,000
Crawford, Missouri 1 $ 120,000 $ 120,000 $ 78,000
Taney, Missouri 1 $ 295,000 $ 295,000 $ 150,000
Gallatin, Montana 1 $ 130,000 $ 130,000 $ 72,000
Gage, Nebraska 1 $ 44,000 $ 44,000 $ 19,000
Sarpy, Nebraska 1 $ 97,000 $ 97,000 $ 31,000
Merrimack, New Hampshire 1 $ 417,000 $ 417,000 $ 2,244,000
Rockingham, New Hampshire 1 $ 250,000 $ 250,000 $ 526,000
Cape May, New Jersey 1 $ 417,000 $ 417,000 $ 268,000
Bronx, New York 1 $ 315,000 $ 315,000 $ 125,000
Clinton, New York 1 $ 190,000 $ 190,000 $ 72,000
Columbia, New York 1 $ 336,000 $ 336,000 $ 76,000
New York, New York 1 $ 295,000 $ 295,000 $ 300,000
Henderson, North Carolina 1 $ 176,000 $ 176,000 $ 170,000
Johnston, North Carolina 1 $ 272,000 $ 272,000 $ 166,000
New Hanover, North Carolina 1 $ 145,000 $ 145,000 $ 252,000
Butler, Ohio 1 $ 264,000 $ 264,000 $ 84,000
Franklin, Ohio 1 $ 307,000 $ 307,000 $ 112,000
Greene, Ohio 1 $ 111,000 $ 111,000 $ 35,000
Hancock, Ohio 1 $ 187,000 $ 187,000 $ 59,000
Lorain, Ohio 1 $ 245,000 $ 245,000 $ 2,000
Warren, Ohio 1 $ 261,000 $ 261,000 $ 115,000
Multnomah, Oregon 1 $ 417,000 $ 417,000 $ 136,000
Adams, Pennsylvania 1 $ 219,000 $ 219,000 $ 132,000
Allegheny, Pennsylvania 1 $ 303,000 $ 303,000 $ 128,000
Centre, Pennsylvania 1 $ 340,000 $ 340,000 $ 95,000
Montgomery, Pennsylvania 1 $ 546,000 $ 546,000 $ 280,000
Aiken, South Carolina 1 $ 417,000 $ 417,000 $ 197,000
Davidson, Tennessee 1 $ 262,000 $ 262,000 $ 50,000
Fayette, Tennessee 1 $ 413,000 $ 413,000 $ 144,000
Rutherford, Tennessee 1 $ 110,000 $ 110,000 $ 44,000
Cameron, Texas 1 $ 56,000 $ 56,000 $ 125,000
Ellis, Texas 1 $ 85,000 $ 85,000 $ 52,000
Tarrant, Texas 1 $ 109,000 $ 109,000 $ 90,000
Utah, Utah 1 $ 357,000 $ 357,000 $ 82,000
Alexandria, Virginia 1 $ 389,000 $ 389,000 $ 117,000
Arlington, Virginia 1 $ 394,000 $ 394,000 $ 129,000
Powhatan, Virginia 1 $ 345,000 $ 345,000 $ 63,000
Stafford, Virginia 1 $ 228,000 $ 228,000 $ 94,000
Kittitas, Washington 1 $ 346,000 $ 346,000 $ 196,000
Pierce, Washington 1 $ 665,000 $ 665,000 $ 156,000
Burnett, Wisconsin 1 $ 153,000 $ 153,000 $ 192,000
Dunn, Wisconsin 1 $ 235,000 $ 235,000 $ 450,000
Juneau, Wisconsin 1 $ 132,000 $ 132,000 $ 257,000
Ozaukee, Wisconsin 1 $ 248,000 $ 248,000 $ 200,000
Racine, Wisconsin 1 $ 95,000 $ 95,000 $ 52,000
Sheboygan, Wisconsin 1 $ 393,000 $ 393,000 $ 255,000

Mortgage Loan Application Detail Totals for Professional Mortgage Partners in 2008

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
Refinancing 3,697 $1,000,606,000 $270,000 $4,500,000 $143,000 $6,242,000
Home Purchase 3,311 $851,300,000 $257,000 $3,000,000 $147,000 $9,877,000
Home Improvement 1 $286,000 $286,000 $286,000 $78,000 $78,000

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 5,934 $1,652,292,000 $278,000 $3,675,000 $147,000 $9,877,000
Not Provided 660 $109,365,000 $165,000 $4,500,000 $160,000 $1,454,000
Hispanic 404 $86,784,000 $214,000 $1,100,000 $84,000 $540,000
Asian 9 $3,470,000 $385,000 $875,000 $163,000 $323,000
Native Hawaiian or Other Pacific Islander 2 $281,000 $140,000 $169,000 $101,000 $106,000
Not applicable 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
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) 6,360 $1,721,211,000 $270,000 $4,500,000 $152,000 $9,877,000
FHA-insured (Federal Housing Administration) 623 $124,538,000 $199,000 $347,000 $71,000 $504,000
VA-guaranteed (Veterans Administration) 23 $5,494,000 $238,000 $426,000 $77,000 $220,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $949,000 $316,000 $372,000 $53,000 $88,000

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 4,288 $1,148,456,000 $267,000 $3,000,000 $145,000 $9,877,000
Loan Purchased By The Institution 1,770 $438,478,000 $247,000 $1,800,000 $135,000 $6,242,000
Application Withdrawn By Applicant 523 $153,963,000 $294,000 $4,500,000 $166,000 $2,059,000
Application Approved But Not Accepted 240 $64,622,000 $269,000 $1,738,000 $178,000 $2,844,000
Application Denied By Financial Institution 165 $40,279,000 $244,000 $1,092,000 $129,000 $1,835,000
File Closed For Incompleteness 23 $6,394,000 $278,000 $699,000 $143,000 $597,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Professional Mortgage Partners's 2008 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 Professional Mortgage Partners'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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