Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | CORTRUST BANK NA | AMERICAN BANK & |
|---|---|---|
| Total Applications | 500 ▲ | 624 |
| Loans Originated | 411 | 395 |
| Approval Rate (higher is better) | 82.2% ✓ | 63.3% |
| Denial Rate (lower is better) | 9.2% ✓ | 14.6% |
| Avg Loan Amount | $125,540 | $253,670 |
| Avg Interest Rate (lower is better) | N/A | 6.898% |
| Avg Applicant Income | N/A | $36,000 |
| Applications Denied | 46 | 91 |
| Applications Withdrawn | 36 | 135 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CORTRUST BANK NA | AMERICAN BANK & |
|---|---|---|
| Conventional | 500 (100.0%) | 496 (79.5%) |
| FHA | — | 90 (14.4%) |
| VA | — | 15 (2.4%) |
| USDA | — | 23 (3.7%) |
Loan Purpose Breakdown
| Purpose | CORTRUST BANK NA | AMERICAN BANK & |
|---|---|---|
| Home Improvement | 167 | 21 |
| Refinancing | 161 | 93 |
| Other | 109 | 24 |
| Home Purchase | 63 | 445 |
| Cash-out Refinancing | — | 41 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 257 | #17 |
| State | Originated | Rank |
|---|---|---|
| South Dakota | 357 | #12 |
Summary
- 500 total applications · 411 originated
- Approval rate: 82.2%
- Denial rate: 9.2%
- Avg loan: $125,540
- HQ: MITCHELL, SD
- 624 total applications · 395 originated
- Approval rate: 63.3%
- Denial rate: 14.6%
- Avg loan: $253,670
- Avg rate: 6.898%
- HQ: Sioux Falls, SD
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.