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| Applications Withdrawn | 2 | 36 |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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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