CORTRUST MORTGAGE, INC.
SIOUX FALLS, SD
CORTRUST MORTGAGE, INC. processed 527 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 407 loans with a 3.8% denial rate. Home Purchase was the primary loan purpose. Based in SIOUX FALLS, SD. The approval rate of 77.2% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. CORTRUST MORTGAGE, INC. processed 527 HMDA-reported mortgage applications in 2024, originating 407 loans and denying 20 for a denial rate of 3.8% (applicants themselves withdrew 77 files before a decision). The average loan amount was $252,704 at a 6.344% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 213800M6RMI3YBX62W88 from SIOUX FALLS, SD.
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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. CORTRUST MORTGAGE, INC.'s 77.2% origination rate tells you how often an application turned into funded money; the 3.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (442 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 442 | 346 | 14 | $258,054 |
| FHA | 60 | 43 | 5 | $217,000 |
| VA | 18 | 12 | 1 | $280,000 |
| USDA | 7 | 6 | 0 | $150,714 |
Top loan types — CORTRUST MORTGAGE, INC.
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for CORTRUST MORTGAGE, INC. (LEI: 213800M6RMI3YBX62W88) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 435 | 361 | $257,759 |
| Cash-out Refinancing | 44 | 22 | $242,045 |
| Refinancing | 37 | 19 | $205,541 |
| Other | 7 | 2 | $292,143 |
| Home Improvement | 4 | 3 | $187,500 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 483 | 78.5% | 3.7% |
| Black or African American | 7 | 57.1% | 0.0% |
| Asian | 4 | 75.0% | 0.0% |
| 2 or more minority races | 1 | 0.0% | 0.0% |
| Joint | 1 | 100.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander | 1 | 100.0% | 0.0% |
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 | 487 | 78.8% | 3.5% |
| Hispanic or Latino | 14 | 42.9% | 7.1% |
| Joint | 3 | 66.7% | 0.0% |
Nearby Lenders in SD
Other HMDA-reporting lenders in SD with similar activity. Compare any two side-by-side.
Plains Commerce Bank
Hoven, SD
First Bank & Trust
Sioux Falls, SD
BLACK HILLS FEDERAL CREDIT UNION
RAPID CITY, SD
BANKWEST, INC.
PIERRE, SD
FIRST PREMIER BANK
SIOUX FALLS, SD
Mortgage Lending Guides
Frequently Asked Questions
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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.