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City National Bank

STUDIO CITY, CA

City National Bank processed 3,875 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,363 loans with a 15.8% denial rate. Home Purchase was the primary loan purpose. Based in STUDIO CITY, CA. The approval rate of 35.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. City National Bank's 35.2% origination rate tells you how often an application turned into funded money; the 15.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Insufficient cash, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,875 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.

3,875
Applications
1,363
Originated
15.8%
Denial Rate
$839,387
Avg Loan Amount
Avg Interest Rate: 6.922% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,875 1,363 611 $839,387

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for City National Bank (LEI: 593C3GZG957YOJPS2Z63) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
409
Insufficient cash
185
Other
126
Collateral
99
Credit history
76
Unverifiable information
34
Employment history
5
Credit application incomplete
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,425 896 $824,019
Refinancing 407 111 $892,273
Other 384 123 $808,125
Cash-out Refinancing 365 89 $1,073,986
Home Improvement 294 144 $642,517

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,261 53.1% 27.0%
Asian 383 57.2% 19.6%
Black or African American 140 40.7% 27.9%
Joint 105 55.2% 19.1%
2 or more minority races * 6 50.0% 16.7%
American Indian or Alaska Native * 6 83.3% 16.7%
Native Hawaiian or Other Pacific Islander * 4 25.0% 50.0%

* 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 1,523 51.8% 25.7%
Hispanic or Latino 410 58.8% 22.9%
Joint 78 60.3% 21.8%

Nearby Lenders in CA

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

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare City National Bank vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did City National Bank process?
City National Bank processed 3,875 mortgage applications in the 2024 HMDA reporting year. Of these, 1,363 were originated (approved and funded), 510 were withdrawn by the applicant, and 611 were denied.
What is City National Bank's mortgage approval rate?
City National Bank has an approval (origination) rate of 35.2%, meaning 35.2% of all applications resulted in a funded mortgage. The denial rate is 15.8%.
What is the average loan amount at City National Bank?
The average mortgage loan amount at City National Bank is $839,387. The average interest rate is 6.922%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at City National Bank?
The most common reasons for mortgage denial at City National Bank are: Debt-to-income ratio, Insufficient cash, Other. In total, 611 applications were denied out of 3,875 total applications.
What types of mortgage loans does City National Bank offer?
City National Bank processes Conventional loans. The most common type is Conventional with 3,875 applications and an average loan amount of $839,387.
What loan purposes does City National Bank serve?
City National Bank serves the following loan purposes: Home Purchase (2,425 applications), Refinancing (407 applications), Other (384 applications), Cash-out Refinancing (365 applications), Home Improvement (294 applications). Home Purchase is the most common purpose.
Where is City National Bank located?
City National Bank is headquartered in STUDIO CITY, CA. The lender is identified by LEI 593C3GZG957YOJPS2Z63 in HMDA data.
How does City National Bank compare in lending across racial demographics?
City National Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 53.1% and denial rate of 27.0%; Asian applicants have an approval rate of 57.2% and denial rate of 19.6%; Black or African American applicants have an approval rate of 40.7% and denial rate of 27.9%. 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.