Cornerstone National Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Cornerstone National Bank & Trust Company of Palatine, IL reported 316 mortgage applications totaling $93.4 million, up 103% from 2018. The average application was for $295,537, and applicants reported an average income of $174,139. 92% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (189), Lake County-Kenosha County, IL-WI (56) and Elgin, IL (17) (applications in parentheses).
| Mortgage Company & Address | Cornerstone National Bank & Trust Company 1 West Northwest Highway Palatine, IL 60067 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 316 |
| Total Mortgage Loan Application Amount | $93,390,000 |
| Average Mortgage Loan Application Amount | $295,537 |
| Highest Mortgage Loan Application Amount | $3,115,000 |
| Average Applicant Income | $174,139 |
| Highest Applicant Income | $1,713,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cornerstone National Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Cornerstone National Bank & Trust Company in 2019
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 154 | $44,950,000 | $291,000 | $935,000 | $187,000 | $1,713,000 |
| Home Purchase | 107 | $34,295,000 | $320,000 | $3,115,000 | $164,000 | $832,000 |
| Cash-out Refinancing | 43 | $12,175,000 | $283,000 | $485,000 | $153,000 | $337,000 |
| Other Purpose | 11 | $1,835,000 | $166,000 | $485,000 | $177,000 | $352,000 |
| Home Improvement | 1 | $135,000 | $135,000 | $135,000 | $156,000 | $156,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 286 | $78,970,000 | $276,000 | $885,000 | $175,000 | $1,713,000 |
| Not applicable | 13 | $9,515,000 | $731,000 | $3,115,000 | $0 | $0 |
| Hispanic | 8 | $2,740,000 | $342,000 | $605,000 | $151,000 | $199,000 |
| Asian | 5 | $1,455,000 | $291,000 | $485,000 | $174,000 | $295,000 |
| Not Provided | 4 | $710,000 | $177,000 | $255,000 | $197,000 | $352,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 316 | $93,390,000 | $295,000 | $3,115,000 | $174,000 | $1,713,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 291 | $86,235,000 | $296,000 | $3,115,000 | $174,000 | $1,713,000 |
| Application Withdrawn By Applicant | 8 | $1,900,000 | $237,000 | $675,000 | $207,000 | $832,000 |
| Preapproval Approved but not Accepted | 5 | $1,315,000 | $263,000 | $375,000 | $186,000 | $327,000 |
| File Closed For Incompleteness | 4 | $1,450,000 | $362,000 | $495,000 | $141,000 | $165,000 |
| Application Approved But Not Accepted | 4 | $1,300,000 | $325,000 | $485,000 | $188,000 | $329,000 |
| Application Denied By Financial Institution | 4 | $1,190,000 | $297,000 | $405,000 | $157,000 | $301,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 312 | $92,200,000 | $295,000 | $3,115,000 | $174,000 | $1,713,000 |
| Collateral | 3 | $925,000 | $308,000 | $405,000 | $200,000 | $301,000 |
| Unverifiable Information | 1 | $265,000 | $265,000 | $265,000 | $29,000 | $29,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cornerstone National Bank & Trust Company's 2019 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Cornerstone National Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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