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Mechanics Bank

Irvine, CA

Mechanics Bank processed 912 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 407 loans with a 15.8% denial rate. Home Purchase was the primary loan purpose. Based in Irvine, CA. The approval rate of 44.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Mechanics Bank's 44.6% 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, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (912 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.

912
Applications
407
Originated
15.8%
Denial Rate
$691,667
Avg Loan Amount
Avg Interest Rate: 6.626% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 912 407 144 $691,667

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Mechanics Bank (LEI: 549300TF1E42EUFBSL45) · 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 Approval rates exclude withdrawn / incomplete applications.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
74
Other
43
Credit history
35
Unverifiable information
30
Collateral
23
Credit application incomplete
3
Insufficient cash
3
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 398 156 $844,196
Refinancing 182 110 $1,076,703
Other 151 61 $253,874
Home Improvement 121 61 $200,455
Cash-out Refinancing 60 19 $604,333

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 475 42.1% 18.5%
Asian 126 33.3% 10.3%
Joint * 33 45.5% 15.2%
Black or African American * 17 47.1% 11.8%
2 or more minority races * 8 25.0% 37.5%
American Indian or Alaska Native * 7 14.3% 28.6%

* 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 489 40.3% 15.1%
Hispanic or Latino 131 33.6% 29.8%
Joint * 49 44.9% 16.3%

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

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 Mechanics Bank vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Mechanics Bank process?
Mechanics Bank processed 912 mortgage applications in the 2024 HMDA reporting year. Of these, 407 were originated (approved and funded), 107 were withdrawn by the applicant, and 144 were denied.
What is Mechanics Bank's mortgage approval rate?
Mechanics Bank has an approval (origination) rate of 44.6%, meaning 44.6% of all applications resulted in a funded mortgage. The denial rate is 15.8%.
What is the average loan amount at Mechanics Bank?
The average mortgage loan amount at Mechanics Bank is $691,667. The average interest rate is 6.626%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Mechanics Bank?
The most common reasons for mortgage denial at Mechanics Bank are: Debt-to-income ratio, Other, Credit history. In total, 144 applications were denied out of 912 total applications.
What types of mortgage loans does Mechanics Bank offer?
Mechanics Bank processes Conventional loans. The most common type is Conventional with 912 applications and an average loan amount of $691,667.
What loan purposes does Mechanics Bank serve?
Mechanics Bank serves the following loan purposes: Home Purchase (398 applications), Refinancing (182 applications), Other (151 applications), Home Improvement (121 applications), Cash-out Refinancing (60 applications). Home Purchase is the most common purpose.
Where is Mechanics Bank located?
Mechanics Bank is headquartered in Irvine, CA. The lender is identified by LEI 549300TF1E42EUFBSL45 in HMDA data.
How does Mechanics Bank compare in lending across racial demographics?
Mechanics Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 42.1% and denial rate of 18.5%; Asian applicants have an approval rate of 33.3% and denial rate of 10.3%; Joint applicants have an approval rate of 45.5% and denial rate of 15.2%. 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.