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Open Mortgage, LLC

RICHARDSON, TX

Open Mortgage, LLC processed 3,110 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,417 loans with a 21.5% denial rate. Home Purchase was the primary loan purpose. Based in RICHARDSON, TX. The approval rate of 45.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Open Mortgage, LLC's 45.6% origination rate tells you how often an application turned into funded money; the 21.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Unverifiable information, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in FHA loans (1,575 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.

3,110
Applications
1,417
Originated
21.5%
Denial Rate
$359,849
Avg Loan Amount
Avg Interest Rate: 6.912% Avg Applicant Income: $41,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 1,575 649 378 $411,819
Conventional 1,266 602 261 $312,725
VA 152 99 14 $342,632
USDA 117 67 16 $192,521

Top loan types - Open Mortgage, LLC

Top loan types - Open Mortgage, LLC Horizontal bar chart of the top 4 items by value (applications). Top loan types - Open Mortgage, LLC Top 4 1. FHA 1,575 2. Conventional 1,266 3. VA 152 4. USDA 117 Top 5 loan types by application volume at Open Mortgage, LLC (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 Open Mortgage, LLC (LEI: 549300CR5XDK0TP7I727) · 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

Unverifiable information
277
Debt-to-income ratio
220
Credit history
110
Insufficient cash
61
Collateral
42
Employment history
21
Other
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,608 1,280 $349,218
Cash-out Refinancing 356 103 $397,697
Refinancing 146 34 $457,466

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,773 50.9% 19.2%
Black or African American 474 32.3% 32.1%
Asian 141 40.4% 21.3%
Joint * 45 26.7% 28.9%
American Indian or Alaska Native * 30 50.0% 16.7%
Native Hawaiian or Other Pacific Islander * 5 40.0% 20.0%
2 or more minority races * 1 0.0% 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 1,537 50.9% 18.3%
Hispanic or Latino 902 39.4% 26.2%
Joint * 47 38.3% 29.8%

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

Nearby Lenders in TX

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

Nationstar Mortgage

Coppell, TX

110,111 apps 41,693 originated 9.2% denied

DHI Mortgage Company, LTD.

Austin, TX

96,056 apps 70,673 originated 10.3% denied

PRIMELENDING

DALLAS, TX

36,578 apps 25,147 originated 5.3% denied

Credit Human Federal Credit Un

San Antonio, TX

28,052 apps 2,953 originated 75.7% denied

Usaa Bank

SAN ANTONIO, TX

28,020 apps 13,205 originated 23.5% denied
Compare Open Mortgage, LLC vs Nationstar Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Open Mortgage, LLC process?
Open Mortgage, LLC processed 3,110 mortgage applications in the 2024 HMDA reporting year. Of these, 1,417 were originated (approved and funded), 822 were withdrawn by the applicant, and 669 were denied.
What is Open Mortgage, LLC's mortgage approval rate?
Open Mortgage, LLC has an approval (origination) rate of 45.6%, meaning 45.6% of all applications resulted in a funded mortgage. The denial rate is 21.5%.
What is the average loan amount at Open Mortgage, LLC?
The average mortgage loan amount at Open Mortgage, LLC is $359,849. The average interest rate is 6.912%. The average applicant income is $41,000.
What are the most common reasons for mortgage denial at Open Mortgage, LLC?
The most common reasons for mortgage denial at Open Mortgage, LLC are: Unverifiable information, Debt-to-income ratio, Credit history. In total, 669 applications were denied out of 3,110 total applications.
What types of mortgage loans does Open Mortgage, LLC offer?
Open Mortgage, LLC processes FHA, Conventional, VA, USDA loans. The most common type is FHA with 1,575 applications and an average loan amount of $411,819.
What loan purposes does Open Mortgage, LLC serve?
Open Mortgage, LLC serves the following loan purposes: Home Purchase (2,608 applications), Cash-out Refinancing (356 applications), Refinancing (146 applications). Home Purchase is the most common purpose.
Where is Open Mortgage, LLC located?
Open Mortgage, LLC is headquartered in RICHARDSON, TX. The lender is identified by LEI 549300CR5XDK0TP7I727 in HMDA data.
How does Open Mortgage, LLC compare in lending across racial demographics?
Open Mortgage, LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 50.9% and denial rate of 19.2%; Black or African American applicants have an approval rate of 32.3% and denial rate of 32.1%; Asian applicants have an approval rate of 40.4% and denial rate of 21.3%. 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.