Applications / Mortgage Analytics / Lenders / Illinois / Proper Rate / Competition
Proper Rate
Chicago, IL · Independent non-bank lender · CFPB · 232 loans in 2025
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232
loans originated, 2025
447
applications, 2025
12
states and territories
0
gaps bigger than at similar lenders
Who Proper Rate competes with, by dollars lent in 2025, in its five largest markets and the three it entered most recently. A Pareto chart puts the lenders in order of size and draws their running share, so the reader sees how concentrated each market is: where the line climbs steeply, a few lenders hold most of it.
FIG. 1 — CHICAGO-NAPERVILLE-ELGIN, IL-IN, 2025
Proper Rate ranks 120th of 902 lenders in Chicago-Naperville-Elgin, IL-IN, with $88.0M lent: 0.1% of a $59.50B market.
Chicago-Naperville-Elgin, IL-IN is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 34% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 2 — NON-METRO WISCONSIN, 2025
Proper Rate ranks 323rd of 659 lenders in non-metro Wisconsin, with $2.1M lent: 0.0% of a $8.43B market.
non-metro Wisconsin is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 28% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 3 — BOULDER, CO, 2025
Proper Rate ranks 179th of 352 lenders in Boulder, CO, with $2.0M lent: 0.0% of a $4.05B market.
Boulder, CO is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 48% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 4 — NILES, MI, 2025
Proper Rate ranks 82nd of 283 lenders in Niles, MI, with $1.5M lent: 0.2% of a $941.6M market.
Niles, MI is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 49% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 5 — MICHIGAN CITY-LA PORTE, IN, 2025
Proper Rate ranks 72nd of 241 lenders in Michigan City-La Porte, IN, with $1.2M lent: 0.2% of a $528.3M market.
Michigan City-La Porte, IN is one of its five largest markets. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 43% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 6 — VALLEJO, CA, 2025
Proper Rate ranks 297th of 363 lenders in Vallejo, CA, with $460K lent: 0.0% of a $3.45B market.
Vallejo, CA is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 45% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 7 — SANTA CRUZ-WATSONVILLE, CA, 2025
Proper Rate ranks 232nd of 271 lenders in Santa Cruz-Watsonville, CA, with $425K lent: 0.0% of a $2.11B market.
Santa Cruz-Watsonville, CA is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
FIG. 8 — GRAND RAPIDS-WYOMING-KENTWOOD, MI, 2025
Proper Rate ranks 378th of 436 lenders in Grand Rapids-Wyoming-Kentwood, MI, with $275K lent: 0.0% of a $7.34B market.
Grand Rapids-Wyoming-Kentwood, MI is one of the three markets it entered most recently. Bars: dollars lent by each of the ten largest lenders, and Proper Rate in amber (marked ▶, with its rank when below the ten). Line: the running total of the bars as a share of the whole market, ending at 54% of it.
SOURCE: FFIEC HMDA 2025, DOLLARS LENT ON LOANS ORIGINATED
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Proper Rate and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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