CorTrust Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
56th8.4% deniedProcesswithdrawn + incomplete share, weight 15%
72nd6.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 559 | 462 | 8.1% | 8.7% | — | $58M |
| 2024 | 500 | 411 | 9.2% | 10.0% | — | $52M |
| 2025 | 549 | 464 | 7.8% | 8.4% | — | $69M |
What CorTrust Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 65 investment properties.
Why CorTrust Bank denies applications
Primary reason reported for each of the 43 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at CorTrust Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 47 | 32 | 15.0% |
| $50k – $100k | 119 | 98 | 10.8% |
| $100k – $150k | 114 | 93 | 12.3% |
| $150k – $250k | 123 | 107 | 8.6% |
| Over $250k | 72 | 67 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 29 | 21 | 16.0% |
| 35–44 | 103 | 81 | 11.0% |
| 45–54 | 127 | 110 | 10.6% |
| 55–64 | 124 | 108 | 9.2% |
| 65–74 | 74 | 64 | 4.5% |
| Over 74 | 31 | 28 | 0.0% |
Where CorTrust Bank lends
8 states and 63 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Dakota | 313 | 270 | 6.7% | — | #22 |
| Minnesota | 225 | 185 | 9.3% | — | #133 |
Frequently asked questions
CorTrust Bank denied 8.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 56th percentile of small mortgage lenders.
The most common reason CorTrust Bank gave in 2025 was "debt-to-income ratio", cited on 46.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 16% of its applications were for home purchases, 38% for refinancing (including cash-out), and 46% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.