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 | First Dakota National | CORTRUST MORTGAGE, INC. |
|---|---|---|
| Total Applications | 708 ▲ | 527 |
| Loans Originated | 573 | 407 |
| Approval Rate (higher is better) | 80.9% ✓ | 77.2% |
| Denial Rate (lower is better) | 5.9% | 3.8% ✓ |
| Avg Loan Amount | $372,133 | $252,704 |
| Avg Interest Rate (lower is better) | 6.902% | 6.344% ✓ |
| Avg Applicant Income | $35,000 | $36,000 |
| Applications Denied | 42 | 20 |
| Applications Withdrawn | 87 | 77 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | First Dakota National | CORTRUST MORTGAGE, INC. |
|---|---|---|
| Conventional | 612 (86.4%) | 442 (83.9%) |
| FHA | 56 (7.9%) | 60 (11.4%) |
| VA | 23 (3.2%) | 18 (3.4%) |
| USDA | 17 (2.4%) | 7 (1.3%) |
Loan Purpose Breakdown
| Purpose | First Dakota National | CORTRUST MORTGAGE, INC. |
|---|---|---|
| Home Purchase | 519 | 435 |
| Refinancing | 100 | 37 |
| Cash-out Refinancing | 39 | 44 |
| Other | 26 | 7 |
| Home Improvement | 24 | 4 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 523 | #6 |
| State | Originated | Rank |
|---|---|---|
| South Dakota | 216 | #18 |
Summary
- 708 total applications · 573 originated
- Approval rate: 80.9%
- Denial rate: 5.9%
- Avg loan: $372,133
- Avg rate: 6.902%
- HQ: Yankton, SD
- 527 total applications · 407 originated
- Approval rate: 77.2%
- Denial rate: 3.8%
- Avg loan: $252,704
- Avg rate: 6.344%
- 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.