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American Portfolio Mortgage Corporation

Palatine, IL

American Portfolio Mortgage Corporation processed 4,308 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 3,081 loans with a 8.5% denial rate. Home Purchase was the primary loan purpose. Based in Palatine, IL. The approval rate of 71.5% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. American Portfolio Mortgage Corporation's 71.5% origination rate tells you how often an application turned into funded money; the 8.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit application incomplete, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,295 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

4,308
Applications
3,081
Originated
8.5%
Denial Rate
$318,305
Avg Loan Amount
Avg Interest Rate: 6.900% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,295 1,607 196 $340,747
FHA 1,729 1,269 144 $274,607
VA 272 197 27 $410,919
USDA 12 8 0 $223,333

Top loan types - American Portfolio Mortgage Corporation

Top loan types - American Portfolio Mortgage Corporation Horizontal bar chart of the top 4 items by value (applications). Top loan types - American Portfolio Mortgage Corporation Top 4 1. Conventional 2,295 2. FHA 1,729 3. VA 272 4. USDA 12 Top 5 loan types by application volume at American Portfolio Mortgage Corporation (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for American Portfolio Mortgage Corporation (LEI: 549300BBKMRS6J0CB539) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit application incomplete
177
Debt-to-income ratio
55
Collateral
51
Unverifiable information
33
Insufficient cash
27
Credit history
24
Employment history
11
Other
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 3,908 2,853 $318,186
Refinancing 276 171 $346,848
Cash-out Refinancing 122 56 $259,426
Home Improvement 2 1 $205,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 3,022 73.2% 8.2%
Black or African American 369 65.6% 9.2%
Asian 171 69.6% 6.4%
Joint 95 80.0% 8.4%
American Indian or Alaska Native * 44 61.4% 22.7%
Native Hawaiian or Other Pacific Islander * 7 71.4% 14.3%
2 or more minority races * 6 33.3% 16.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,991 72.2% 8.4%
Hispanic or Latino 1,776 71.3% 9.3%
Joint 129 77.5% 7.0%

Nearby Lenders in IL

Other HMDA-reporting lenders in IL with similar activity. Compare any two side-by-side.

Guaranteed Rate, INC.

CHICAGO, IL

124,492 apps 62,820 originated 5.1% denied

BMO Harris Bank NA

Chicago, IL

42,165 apps 18,166 originated 29.4% denied

Mutual of Omaha Mortgage

Lombard, IL

34,393 apps 19,951 originated 20.2% denied

Guaranteed Rate Affinity, LLC

CHICAGO, IL

21,826 apps 14,587 originated 6.0% denied

The Federal Savings Bank

CHICAGO, IL

20,656 apps 8,146 originated 9.3% denied
Compare American Portfolio Mortgage Corporation vs Guaranteed Rate, INC. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did American Portfolio Mortgage Corporation process?
American Portfolio Mortgage Corporation processed 4,308 mortgage applications in the 2024 HMDA reporting year. Of these, 3,081 were originated (approved and funded), 689 were withdrawn by the applicant, and 367 were denied.
What is American Portfolio Mortgage Corporation's mortgage approval rate?
American Portfolio Mortgage Corporation has an approval (origination) rate of 71.5%, meaning 71.5% of all applications resulted in a funded mortgage. The denial rate is 8.5%.
What is the average loan amount at American Portfolio Mortgage Corporation?
The average mortgage loan amount at American Portfolio Mortgage Corporation is $318,305. The average interest rate is 6.900%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at American Portfolio Mortgage Corporation?
The most common reasons for mortgage denial at American Portfolio Mortgage Corporation are: Credit application incomplete, Debt-to-income ratio, Collateral. In total, 367 applications were denied out of 4,308 total applications.
What types of mortgage loans does American Portfolio Mortgage Corporation offer?
American Portfolio Mortgage Corporation processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 2,295 applications and an average loan amount of $340,747.
What loan purposes does American Portfolio Mortgage Corporation serve?
American Portfolio Mortgage Corporation serves the following loan purposes: Home Purchase (3,908 applications), Refinancing (276 applications), Cash-out Refinancing (122 applications), Home Improvement (2 applications). Home Purchase is the most common purpose.
Where is American Portfolio Mortgage Corporation located?
American Portfolio Mortgage Corporation is headquartered in Palatine, IL. The lender is identified by LEI 549300BBKMRS6J0CB539 in HMDA data.
How does American Portfolio Mortgage Corporation compare in lending across racial demographics?
American Portfolio Mortgage Corporation reports demographic lending data under HMDA requirements. White applicants have an approval rate of 73.2% and denial rate of 8.2%; Black or African American applicants have an approval rate of 65.6% and denial rate of 9.2%; Asian applicants have an approval rate of 69.6% and denial rate of 6.4%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.