Cornerstone National Bank & Trust Company Mortgage Lending & HMDA Data, 2022
In 2022, Cornerstone National Bank & Trust Company of Palatine, IL reported 200 mortgage applications totaling $91.6 million, down 67% from 2021. The average application was for $457,800, and applicants reported an average income of $227,080. 90% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville, IL (108), Lake County-Kenosha County, IL-WI (28) 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 | 200 |
| Total Mortgage Loan Application Amount | $91,560,000 |
| Average Mortgage Loan Application Amount | $457,800 |
| Highest Mortgage Loan Application Amount | $5,105,000 |
| Average Applicant Income | $227,080 |
| Highest Applicant Income | $2,701,000 |
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National Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 138 | $60,440,000 | $437,000 | $5,105,000 | $211,000 | $1,106,000 |
| Refinancing | 42 | $25,430,000 | $605,000 | $5,105,000 | $249,000 | $1,083,000 |
| Cash-out Refinancing | 12 | $3,740,000 | $311,000 | $645,000 | $356,000 | $2,701,000 |
| Other Purpose | 6 | $1,620,000 | $270,000 | $465,000 | $174,000 | $361,000 |
| Home Improvement | 2 | $330,000 | $165,000 | $255,000 | $262,000 | $262,000 |
| 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 | 147 | $48,415,000 | $329,000 | $1,155,000 | $228,000 | $2,701,000 |
| Not applicable | 38 | $38,440,000 | $1,011,000 | $5,105,000 | $0 | $0 |
| Hispanic | 7 | $1,965,000 | $280,000 | $385,000 | $229,000 | $686,000 |
| Asian | 4 | $1,010,000 | $252,000 | $415,000 | $127,000 | $267,000 |
| Black or African American | 2 | $1,100,000 | $550,000 | $655,000 | $235,000 | $235,000 |
| Not Provided | 2 | $630,000 | $315,000 | $405,000 | $354,000 | $388,000 |
| American Indian or Alaskan Native | 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) | 200 | $91,560,000 | $457,000 | $5,105,000 | $227,000 | $2,701,000 |
| 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 | 180 | $84,010,000 | $466,000 | $5,105,000 | $233,000 | $2,701,000 |
| Application Withdrawn By Applicant | 9 | $3,835,000 | $426,000 | $655,000 | $162,000 | $277,000 |
| Loan Purchased By The Institution | 6 | $1,480,000 | $246,000 | $505,000 | $47,000 | $78,000 |
| Preapproval Approved but not Accepted | 3 | $1,505,000 | $501,000 | $725,000 | $313,000 | $535,000 |
| Application Denied By Financial Institution | 2 | $730,000 | $365,000 | $475,000 | $80,000 | $80,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 198 | $90,830,000 | $458,000 | $5,105,000 | $228,000 | $2,701,000 |
| Other | 1 | $255,000 | $255,000 | $255,000 | $0 | $0 |
| Credit History | 1 | $475,000 | $475,000 | $475,000 | $80,000 | $80,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cornerstone National Bank & Trust Company's 2022 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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