PlainLender

Mortgage Express

PORTLAND, OR

Mortgage Express processed 1,556 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,118 loans with a 3.1% denial rate. Home Purchase was the primary loan purpose. Based in PORTLAND, OR. The approval rate of 71.9% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Mortgage Express's 71.9% origination rate tells you how often an application turned into funded money; the 3.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Credit history, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,140 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.

1,556
Applications
1,118
Originated
3.1%
Denial Rate
$426,163
Avg Loan Amount
Avg Interest Rate: 6.691% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,140 826 20 $423,614
FHA 341 236 27 $420,161
VA 71 54 1 $501,761
USDA 4 2 0 $322,500

Top loan types - Mortgage Express

Top loan types - Mortgage Express Horizontal bar chart of the top 4 items by value (applications). Top loan types - Mortgage Express Top 4 1. Conventional 1,140 2. FHA 341 3. VA 71 4. USDA 4 Top 5 loan types by application volume at Mortgage Express (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 Mortgage Express (LEI: 5493008JECR4UE0WVR04) · 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

Other
14
Credit history
13
Debt-to-income ratio
12
Unverifiable information
7
Collateral
4
Insufficient cash
3
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,353 1,013 $431,578
Cash-out Refinancing 107 57 $341,355
Refinancing 96 48 $444,375

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,079 73.1% 2.3%
Joint 63 77.8% 6.3%
Asian * 44 59.1% 6.8%
Black or African American * 25 64.0% 16.0%
American Indian or Alaska Native * 8 87.5% 0.0%
2 or more minority races * 4 50.0% 0.0%
Native Hawaiian or Other Pacific Islander * 2 100.0% 0.0%

* 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 1,002 73.8% 2.8%
Hispanic or Latino 199 69.8% 5.0%
Joint * 37 75.7% 0.0%

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

Nearby Lenders in OR

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

OnPoint Community Credit Union

Portland, OR

10,400 apps 7,152 originated 17.4% denied

Umpqua Bank

PORTLAND, OR

8,064 apps 4,989 originated 20.1% denied

First Technology Credit Union

Beaverton, OR

6,270 apps 3,364 originated 14.7% denied

Rogue Credit Union

MEDFORD, OR

2,752 apps 1,802 originated 12.1% denied

Selco Community Credit Union

SPRINGFIELD, OR

2,086 apps 1,226 originated 27.1% denied
Compare Mortgage Express vs OnPoint Community Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Mortgage Express process?
Mortgage Express processed 1,556 mortgage applications in the 2024 HMDA reporting year. Of these, 1,118 were originated (approved and funded), 244 were withdrawn by the applicant, and 48 were denied.
What is Mortgage Express's mortgage approval rate?
Mortgage Express has an approval (origination) rate of 71.9%, meaning 71.9% of all applications resulted in a funded mortgage. The denial rate is 3.1%.
What is the average loan amount at Mortgage Express?
The average mortgage loan amount at Mortgage Express is $426,163. The average interest rate is 6.691%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Mortgage Express?
The most common reasons for mortgage denial at Mortgage Express are: Other, Credit history, Debt-to-income ratio. In total, 48 applications were denied out of 1,556 total applications.
What types of mortgage loans does Mortgage Express offer?
Mortgage Express processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,140 applications and an average loan amount of $423,614.
What loan purposes does Mortgage Express serve?
Mortgage Express serves the following loan purposes: Home Purchase (1,353 applications), Cash-out Refinancing (107 applications), Refinancing (96 applications). Home Purchase is the most common purpose.
Where is Mortgage Express located?
Mortgage Express is headquartered in PORTLAND, OR. The lender is identified by LEI 5493008JECR4UE0WVR04 in HMDA data.
How does Mortgage Express compare in lending across racial demographics?
Mortgage Express reports demographic lending data under HMDA requirements. White applicants have an approval rate of 73.1% and denial rate of 2.3%; Joint applicants have an approval rate of 77.8% and denial rate of 6.3%; Asian applicants have an approval rate of 59.1% and denial rate of 6.8%. 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.