PlainLender

RAPID MORTGAGE COMPANY

CINCINNATI, OH

RAPID MORTGAGE COMPANY processed 1,219 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 861 loans with a 0.2% denial rate. Home Purchase was the primary loan purpose. Based in CINCINNATI, OH. The approval rate of 70.6% 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. RAPID MORTGAGE COMPANY processed 1,219 HMDA-reported mortgage applications in 2024, originating 861 loans and denying 2 for a denial rate of 0.2% (applicants themselves withdrew 345 files before a decision). The average loan amount was $255,287 at a 6.941% average note rate, and applicants self-reported an average income of $39,000. The lender reports under LEI 549300KJKBXR3PD3QQ56 from CINCINNATI, OH.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. RAPID MORTGAGE COMPANY's 70.6% origination rate tells you how often an application turned into funded money; the 0.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (759 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.

1,219
Applications
861
Originated
0.2%
Denial Rate
$255,287
Avg Loan Amount
Avg Interest Rate: 6.941% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 759 530 2 $261,377
FHA 355 249 0 $236,380
VA 86 67 0 $290,814
USDA 19 15 0 $204,474

Top loan types — RAPID MORTGAGE COMPANY

Top loan types — RAPID MORTGAGE COMPANY Horizontal bar chart of the top 4 items by value (applications). Top loan types — RAPID MORTGAGE COMPANY Top 4 1. Conventional 759 2. FHA 355 3. VA 86 4. USDA 19 Top 5 loan types by application volume at RAPID MORTGAGE COMPANY (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for RAPID MORTGAGE COMPANY (LEI: 549300KJKBXR3PD3QQ56) · 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

Debt-to-income ratio
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,106 812 $256,184
Cash-out Refinancing 64 29 $222,188
Refinancing 49 20 $278,265

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 887 73.2% 0.2%
Black or African American 100 68.0% 0.0%
Asian 46 58.7% 0.0%
Joint 20 50.0% 0.0%
American Indian or Alaska Native 3 0.0% 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 940 72.0% 0.2%
Hispanic or Latino 83 69.9% 0.0%
Joint 22 63.6% 0.0%

Nearby Lenders in OH

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

US BANK, N.A.

CINCINNATI, OH

202,480 apps 74,512 originated 26.8% denied

CROSSCOUNTRY MORTGAGE, LLC

Cleveland, OH

157,258 apps 101,894 originated 2.4% denied

JPMorgan Chase Bank, NA

Columbus, OH

150,113 apps 80,744 originated 8.1% denied

Huntington National Bank

Columbus, OH

99,675 apps 52,025 originated 28.8% denied

Fifth Third Bank, National Association

Cincinnati, OH

64,220 apps 30,494 originated 23.9% denied
Compare RAPID MORTGAGE COMPANY vs US BANK, N.A. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did RAPID MORTGAGE COMPANY process?
RAPID MORTGAGE COMPANY processed 1,219 mortgage applications in the 2023 HMDA reporting year. Of these, 861 were originated (approved and funded), 345 were withdrawn by the applicant, and 2 were denied.
What is RAPID MORTGAGE COMPANY's mortgage approval rate?
RAPID MORTGAGE COMPANY has an approval (origination) rate of 70.6%, meaning 70.6% of all applications resulted in a funded mortgage. The denial rate is 0.2%.
What is the average loan amount at RAPID MORTGAGE COMPANY?
The average mortgage loan amount at RAPID MORTGAGE COMPANY is $255,287. The average interest rate is 6.941%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at RAPID MORTGAGE COMPANY?
The most common reasons for mortgage denial at RAPID MORTGAGE COMPANY are: Debt-to-income ratio, Collateral. In total, 2 applications were denied out of 1,219 total applications.
What types of mortgage loans does RAPID MORTGAGE COMPANY offer?
RAPID MORTGAGE COMPANY processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 759 applications and an average loan amount of $261,377.
What loan purposes does RAPID MORTGAGE COMPANY serve?
RAPID MORTGAGE COMPANY serves the following loan purposes: Home Purchase (1,106 applications), Cash-out Refinancing (64 applications), Refinancing (49 applications). Home Purchase is the most common purpose.
Where is RAPID MORTGAGE COMPANY located?
RAPID MORTGAGE COMPANY is headquartered in CINCINNATI, OH. The lender is identified by LEI 549300KJKBXR3PD3QQ56 in HMDA data.
How does RAPID MORTGAGE COMPANY compare in lending across racial demographics?
RAPID MORTGAGE COMPANY reports demographic lending data under HMDA requirements. White applicants have an approval rate of 73.2% and denial rate of 0.2%; Black or African American applicants have an approval rate of 68.0% and denial rate of 0.0%; Asian applicants have an approval rate of 58.7% and denial rate of 0.0%. 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.