Mortgage lender · Newark, DE · LEI 984500F6E6940CCB6A60

Emporium TPO review: approval odds, rates and grade (2025)

Emporium TPO earns a C, in line with the typical performance of investment-property lenders. It turned down 8.5% of the applications it decided on in 2025, which ranks in the 31st percentile for approval odds. Its median loan was priced 1.11 points above the average prime offer rate, ranking in the 48th percentile on pricing. Compared against 220 investment-property lenders using 2025 HMDA filings.

4.6kApplications2025
65.2%Originatedof applications
8.5%Decision denial ratenational 22.6%
7.25%Median ratenational 6.63%
$1.5BLoan volume46 states

Emporium TPO at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

8.1%Denial rate (all applications)-9.85 pts vs national
8.5%Denial rate (decided applications)-14.12 pts vs national
65.2%Origination rate+7.16 pts vs national
3.7%Withdrawn by applicant
0.2%Closed for incompleteness
7.25%Median interest rate+0.63 pts vs national
1.11Median rate spread (pts over APOR)+0.86 pts vs national
$335,000Median loan amount
$12,057Median total loan costs
$398kMedian applicant income
75%Median loan-to-value
22High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

31st8.5% denied

Pricingmedian rate spread over APOR, weight 30%

48th1.11 pts

Processwithdrawn + incomplete share, weight 15%

59th4.0%

Closing coststotal loan costs ÷ loan amount, weight 10%

47th3.60% of loan

Trend, 2024–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20243,9022,54410.9%11.6%7.50%$1.3B
20254,5502,9668.1%8.5%7.25%$1.5B

What Emporium TPO 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

Home purchase 1,689 37% · 7.9% denied
Refinance 975 21% · 6.8% denied
Cash-out refinance 1,886 41% · 9.0% denied

By loan type

Conventional 4,550 100% · 8.1% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 3,893 investment properties.

Why Emporium TPO denies applications

Primary reason reported for each of the 370 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Other 182 49%
Collateral 89 24%
Credit history 75 20%
Debt-to-income ratio 18 5%
Unverifiable information 5 1%
Employment history 1 0%

How these reasons compare nationally →

Who gets approved at Emporium TPO

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k553411.5%
$100k – $150k945514.4%
$150k – $250k18811612.4%
Over $250k7054474.9%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25135899.2%
25–348235427.7%
35–441,3088498.7%
45–541,2278078.4%
55–646634347.1%
65–7431219312.1%
Over 7482528.9%

Where Emporium TPO lends

46 states and 557 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
New York8155327.2%7.25%#104
Texas6464585.3%7.25%#222
California6274035.7%7.25%#226
New Jersey5914039.0%7.38%#99
Florida39622711.9%7.25%#272
Illinois1571128.9%7.50%#287
Tennessee1427511.3%6.99%#269
Georgia1147610.5%6.99%#321
Pennsylvania108703.7%7.43%#365
Connecticut86567.0%7.25%#178
Missouri86587.0%7.13%#287
Maryland713328.2%8.13%#274
North Carolina63504.8%7.25%#372
Arizona61386.6%7.37%#291
South Carolina614411.5%7.38%#315
Massachusetts523013.5%7.56%#320
Ohio51355.9%7.38%#407
Alabama501814.0%7.31%#313
Virginia41330.0%7.49%#400
Utah36198.3%7.38%#204
Indiana302013.3%7.63%#412
Colorado271511.1%7.25%#385
Michigan271611.1%7.56%#399
Oklahoma251320.0%7.25%#315
Wisconsin20190.0%7.38%#418
New Hampshire17911.8%7.88%#209
Washington16136.3%6.99%#407
Mississippi14130.0%7.13%#261
Arkansas13107.7%6.93%#318
Kansas13110.0%7.38%#339
Louisiana12416.7%6.93%#363
Delaware1190.0%7.49%#227
Kentucky9522.2%7.13%#427
New Mexico950.0%7.75%#267
District of Columbia8437.5%7.38%#203
Oregon8712.5%7.25%#388
Rhode Island860.0%7.38%#199
Hawaii650.0%7.38%#184
Minnesota640.0%7.31%#535
West Virginia5240.0%7.68%#331

Frequently asked questions

Emporium TPO denied 8.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 31st percentile of investment-property lenders.

The most common reason Emporium TPO gave in 2025 was "other", cited on 49.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Emporium TPO originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 1.11 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 37% of its applications were for home purchases, 63% for refinancing (including cash-out), and 0% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Emporium TPO. Data sources · Methodology