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 | Dacotah Bank |
|---|---|---|
| Total Applications | 500 | 672 ▲ |
| Loans Originated | 411 | 563 |
| Approval Rate (higher is better) | 82.2% | 83.8% ✓ |
| Denial Rate (lower is better) | 9.2% | 6.3% ✓ |
| Avg Loan Amount | $125,540 | $275,908 |
| Avg Interest Rate (lower is better) | N/A | 6.811% |
| Avg Applicant Income | N/A | $35,000 |
| Applications Denied | 46 | 42 |
| Applications Withdrawn | 36 | 2 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CORTRUST BANK NA | Dacotah Bank |
|---|---|---|
| Conventional | 500 (100.0%) | 586 (87.2%) |
| FHA | — | 35 (5.2%) |
| VA | — | 21 (3.1%) |
| USDA | — | 30 (4.5%) |
Loan Purpose Breakdown
| Purpose | CORTRUST BANK NA | Dacotah Bank |
|---|---|---|
| Home Improvement | 167 | 52 |
| Refinancing | 161 | 72 |
| Other | 109 | 43 |
| Home Purchase | 63 | 483 |
| Cash-out Refinancing | — | 22 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 257 | #17 |
| State | Originated | Rank |
|---|---|---|
| South Dakota | 414 | #11 |
Summary
- 500 total applications · 411 originated
- Approval rate: 82.2%
- Denial rate: 9.2%
- Avg loan: $125,540
- HQ: MITCHELL, SD
- 672 total applications · 563 originated
- Approval rate: 83.8%
- Denial rate: 6.3%
- Avg loan: $275,908
- Avg rate: 6.811%
- HQ: Aberdeen, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.