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 | Rivers Edge Bank | CORTRUST BANK NA |
|---|---|---|
| Total Applications | 86 | 500 ▲ |
| Loans Originated | 77 | 411 |
| Approval Rate (higher is better) | 89.5% ✓ | 82.2% |
| Denial Rate (lower is better) | 4.7% ✓ | 9.2% |
| Avg Loan Amount | $98,837 | $125,540 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 4 | 46 |
| Applications Withdrawn | 5 | 36 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Rivers Edge Bank | CORTRUST BANK NA |
|---|---|---|
| Conventional | 86 (100.0%) | 500 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Rivers Edge Bank | CORTRUST BANK NA |
|---|---|---|
| Home Purchase | 44 | 63 |
| Home Improvement | 17 | 167 |
| Refinancing | 16 | 161 |
| Other | 9 | 109 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| South Dakota | 257 | #17 |
Summary
- 86 total applications · 77 originated
- Approval rate: 89.5%
- Denial rate: 4.7%
- Avg loan: $98,837
- HQ: Marion, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.