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Industrial and Commercial Bank of China (USA) NA

New York, NY

Industrial and Commercial Bank of China (USA) NA processed 86 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 47 loans with a 2.3% denial rate. Home Purchase was the primary loan purpose. Based in New York, NY. The approval rate of 54.7% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Industrial and Commercial Bank of China (USA) NA's 54.7% origination rate tells you how often an application turned into funded money; the 2.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (86 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.

86
Applications
47
Originated
2.3%
Denial Rate
$1,273,605
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 86 47 2 $1,273,605

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Industrial and Commercial Bank of China (USA) NA (LEI: 254900YLQBQNWLGKOI74) · 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 Approval rates exclude withdrawn / incomplete applications.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 history
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 64 33 $670,781
Refinancing 14 12 $3,909,286
Cash-out Refinancing 5 2 $1,971,000
Other 3 0 $671,667

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
Asian 78 50.0% 2.6%

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 77 49.4% 2.6%
Hispanic or Latino * 1 100.0% 0.0%

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

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T Bank

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

Bethpage Federal Credit Union

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare Industrial and Commercial Bank of China (USA) NA vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Industrial and Commercial Bank of China (USA) NA process?
Industrial and Commercial Bank of China (USA) NA processed 86 mortgage applications in the 2024 HMDA reporting year. Of these, 47 were originated (approved and funded), 21 were withdrawn by the applicant, and 2 were denied.
What is Industrial and Commercial Bank of China (USA) NA's mortgage approval rate?
Industrial and Commercial Bank of China (USA) NA has an approval (origination) rate of 54.7%, meaning 54.7% of all applications resulted in a funded mortgage. The denial rate is 2.3%.
What is the average loan amount at Industrial and Commercial Bank of China (USA) NA?
The average mortgage loan amount at Industrial and Commercial Bank of China (USA) NA is $1,273,605.
What are the most common reasons for mortgage denial at Industrial and Commercial Bank of China (USA) NA?
The most common reasons for mortgage denial at Industrial and Commercial Bank of China (USA) NA are: Credit history, Unverifiable information. In total, 2 applications were denied out of 86 total applications.
What types of mortgage loans does Industrial and Commercial Bank of China (USA) NA offer?
Industrial and Commercial Bank of China (USA) NA processes Conventional loans. The most common type is Conventional with 86 applications and an average loan amount of $1,273,605.
What loan purposes does Industrial and Commercial Bank of China (USA) NA serve?
Industrial and Commercial Bank of China (USA) NA serves the following loan purposes: Home Purchase (64 applications), Refinancing (14 applications), Cash-out Refinancing (5 applications), Other (3 applications). Home Purchase is the most common purpose.
Where is Industrial and Commercial Bank of China (USA) NA located?
Industrial and Commercial Bank of China (USA) NA is headquartered in New York, NY. The lender is identified by LEI 254900YLQBQNWLGKOI74 in HMDA data.
How does Industrial and Commercial Bank of China (USA) NA compare in lending across racial demographics?
Industrial and Commercial Bank of China (USA) NA reports demographic lending data under HMDA requirements. Asian applicants have an approval rate of 50.0% and denial rate of 2.6%. 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.