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records Professional Mortgage Partners filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Joliet, IL | 6,119 | $ 1,553,315,000 | $ 253,851 | $ 126,000 |
| Lake County-Kenosha County, IL-WI | 242 | $ 74,226,000 | $ 306,719 | $ 169,537 |
| Gary, IN | 64 | $ 13,178,000 | $ 205,906 | $ 120,000 |
| San Diego-Carlsbad-San Marcos, CA | 38 | $ 24,834,000 | $ 653,526 | $ 862,000 |
| Napa, CA | 30 | $ 13,338,000 | $ 444,600 | $ 743,000 |
| Orlando-Kissimmee, FL | 22 | $ 5,458,000 | $ 248,090 | $ 309,000 |
| Las Vegas-Paradise, NV | 21 | $ 10,952,000 | $ 521,523 | $ 678,000 |
| Miami-Miami Beach-Kendall, FL | 16 | $ 9,955,000 | $ 622,187 | $ 347,000 |
| Indianapolis-Carmel, IN | 13 | $ 2,114,000 | $ 162,615 | $ 168,000 |
| Niles-Benton Harbor, MI | 12 | $ 3,484,000 | $ 290,333 | $ 229,000 |
| Rockford, IL | 12 | $ 2,374,000 | $ 197,833 | $ 168,000 |
| Milwaukee-Waukesha-West Allis, WI | 11 | $ 2,530,000 | $ 230,000 | $ 128,000 |
| Santa Ana-Anaheim-Irvine, CA | 11 | $ 6,554,000 | $ 595,818 | $ 366,000 |
| Louisville-Jefferson County, KY-IN | 9 | $ 2,347,000 | $ 260,777 | $ 139,000 |
| Michigan City-La Porte, IN | 9 | $ 1,950,000 | $ 216,666 | $ 310,000 |
| St. Louis, MO-IL | 9 | $ 1,563,000 | $ 173,666 | $ 74,000 |
| Cincinnati-Middletown, OH-KY-IN | 8 | $ 2,221,000 | $ 277,625 | $ 148,000 |
| Denver-Aurora, CO | 8 | $ 2,418,000 | $ 302,250 | $ 168,000 |
| Kankakee-Bradley, IL | 8 | $ 1,126,000 | $ 140,750 | $ 71,000 |
| Kansas City, MO-KS | 8 | $ 1,669,000 | $ 208,625 | $ 113,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 8 | $ 1,914,000 | $ 239,250 | $ 105,000 |
| Davenport-Moline-Rock Island, IA-IL | 7 | $ 1,047,000 | $ 149,571 | $ 110,000 |
| Kalamazoo-Portage, MI | 7 | $ 2,688,000 | $ 384,000 | $ 294,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 4,083,000 | $ 583,285 | $ 352,000 |
| South Bend-Mishawaka, IN-MI | 7 | $ 1,388,000 | $ 198,285 | $ 180,285 |
| Champaign-Urbana, IL | 6 | $ 884,000 | $ 147,333 | $ 89,000 |
| Lansing-East Lansing, MI | 6 | $ 1,076,000 | $ 179,333 | $ 106,000 |
| Naples-Marco Island, FL | 6 | $ 6,908,000 | $ 1,151,333 | $ 668,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 2,056,000 | $ 342,666 | $ 671,000 |
| Cleveland-Elyria-Mentor, OH | 5 | $ 1,436,000 | $ 287,200 | $ 129,000 |
| Holland-Grand Haven, MI | 5 | $ 867,000 | $ 173,400 | $ 154,000 |
| New York-White Plains-Wayne, NY-NJ | 5 | $ 2,557,000 | $ 511,400 | $ 283,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 1,923,000 | $ 384,600 | $ 264,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 1,355,000 | $ 338,750 | $ 139,000 |
| Boulder, CO | 4 | $ 1,272,000 | $ 318,000 | $ 102,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 1,013,000 | $ 253,250 | $ 162,000 |
| Raleigh-Cary, NC | 4 | $ 840,000 | $ 210,000 | $ 123,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 2,673,000 | $ 668,250 | $ 434,000 |
| Bradenton-Sarasota-Venice, FL | 3 | $ 553,000 | $ 184,333 | $ 157,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 1,162,000 | $ 387,333 | $ 252,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 750,000 | $ 250,000 | $ 132,000 |
| Madison, WI | 3 | $ 792,000 | $ 264,000 | $ 106,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 565,000 | $ 188,333 | $ 90,000 |
| Philadelphia, PA | 3 | $ 1,213,000 | $ 404,333 | $ 276,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 1,033,000 | $ 344,333 | $ 247,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 1,011,000 | $ 337,000 | $ 113,000 |
| Wenatchee, WA | 3 | $ 1,113,000 | $ 371,000 | $ 268,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 2,996,000 | $ 998,666 | $ 396,000 |
| Austin-Round Rock, TX | 2 | $ 814,000 | $ 407,000 | $ 127,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 695,000 | $ 347,500 | $ 421,000 |
| Bloomington-Normal, IL | 2 | $ 443,000 | $ 221,500 | $ 88,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 623,000 | $ 311,500 | $ 97,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 542,000 | $ 271,000 | $ 180,000 |
| Colorado Springs, CO | 2 | $ 597,000 | $ 298,500 | $ 116,000 |
| Fort Wayne, IN | 2 | $ 655,000 | $ 327,500 | $ 165,000 |
| Green Bay, WI | 2 | $ 500,000 | $ 250,000 | $ 132,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 529,000 | $ 264,500 | $ 118,000 |
| Houston-Sugar Land-Baytown, TX | 2 | $ 318,000 | $ 159,000 | $ 56,000 |
| Knoxville, TN | 2 | $ 649,000 | $ 324,500 | $ 134,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 372,000 | $ 186,000 | $ 47,000 |
| Nassau-Suffolk, NY | 2 | $ 1,026,000 | $ 513,000 | $ 201,000 |
| Peabody, MA | 2 | $ 649,000 | $ 324,500 | $ 118,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 826,000 | $ 413,000 | $ 363,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 488,000 | $ 244,000 | $ 134,000 |
| San Antonio, TX | 2 | $ 208,000 | $ 104,000 | $ 50,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 830,000 | $ 415,000 | $ 243,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 817,000 | $ 408,500 | $ 156,000 |
| Ames, IA | 1 | $ 196,000 | $ 196,000 | $ 58,000 |
| Ann Arbor, MI | 1 | $ 240,000 | $ 240,000 | $ 154,000 |
| Asheville, NC | 1 | $ 176,000 | $ 176,000 | $ 170,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 417,000 | $ 417,000 | $ 197,000 |
| Baltimore-Towson, MD | 1 | $ 170,000 | $ 170,000 | $ 211,000 |
| Birmingham-Hoover, AL | 1 | $ 162,000 | $ 162,000 | $ 64,000 |
| Bloomington, IN | 1 | $ 100,000 | $ 100,000 | $ 372,000 |
| Boston-Quincy, MA | 1 | $ 273,000 | $ 273,000 | $ 67,000 |
| Brownsville-Harlingen, TX | 1 | $ 56,000 | $ 56,000 | $ 125,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 417,000 | $ 417,000 | $ 107,000 |
| Columbus, IN | 1 | $ 209,000 | $ 209,000 | $ 128,000 |
| Columbus, OH | 1 | $ 307,000 | $ 307,000 | $ 112,000 |
| Dallas-Plano-Irving, TX | 1 | $ 85,000 | $ 85,000 | $ 52,000 |
| Dayton, OH | 1 | $ 111,000 | $ 111,000 | $ 35,000 |
| Decatur, IL | 1 | $ 97,000 | $ 97,000 | $ 48,000 |
| Des Moines-West Des Moines, IA | 1 | $ 124,000 | $ 124,000 | $ 53,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 72,000 | $ 72,000 | $ 127,000 |
| Fort Collins-Loveland, CO | 1 | $ 160,000 | $ 160,000 | $ 242,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 270,000 | $ 270,000 | $ 104,000 |
| Fort Worth-Arlington, TX | 1 | $ 109,000 | $ 109,000 | $ 90,000 |
| Grand Junction, CO | 1 | $ 268,000 | $ 268,000 | $ 180,000 |
| Honolulu, HI | 1 | $ 427,000 | $ 427,000 | $ 0 |
| Jacksonville, FL | 1 | $ 296,000 | $ 296,000 | $ 97,000 |
| Lafayette, IN | 1 | $ 149,000 | $ 149,000 | $ 41,000 |
| Memphis, TN-MS-AR | 1 | $ 413,000 | $ 413,000 | $ 144,000 |
| New Haven-Milford, CT | 1 | $ 338,000 | $ 338,000 | $ 169,000 |
| Norwich-New London, CT | 1 | $ 164,000 | $ 164,000 | $ 40,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 250,000 | $ 250,000 | $ 168,000 |
| Ocean City, NJ | 1 | $ 417,000 | $ 417,000 | $ 268,000 |
| Peoria, IL | 1 | $ 132,000 | $ 132,000 | $ 125,000 |
| Pittsburgh, PA | 1 | $ 303,000 | $ 303,000 | $ 128,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 120,000 | $ 120,000 | $ 139,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 417,000 | $ 417,000 | $ 136,000 |
| Provo-Orem, UT | 1 | $ 357,000 | $ 357,000 | $ 82,000 |
| Racine, WI | 1 | $ 95,000 | $ 95,000 | $ 52,000 |
| Richmond, VA | 1 | $ 345,000 | $ 345,000 | $ 63,000 |
| Rockingham County-Strafford County, NH | 1 | $ 250,000 | $ 250,000 | $ 526,000 |
| Saginaw-Saginaw Township North, MI | 1 | $ 161,000 | $ 161,000 | $ 456,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 283,000 | $ 283,000 | $ 180,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 258,000 | $ 258,000 | $ 68,000 |
| Sheboygan, WI | 1 | $ 393,000 | $ 393,000 | $ 255,000 |
| State College, PA | 1 | $ 340,000 | $ 340,000 | $ 95,000 |
| Tacoma, WA | 1 | $ 665,000 | $ 665,000 | $ 156,000 |
| Wichita, KS | 1 | $ 329,000 | $ 329,000 | $ 75,000 |
| Wilmington, NC | 1 | $ 145,000 | $ 145,000 | $ 252,000 |
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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