Lenders › Cogent Bank
Cogent Bank
HMDA reporter, headquartered in Orlando, Florida. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Cogent Bank's 2024 HMDA filing covers 177 applications and 131 originated loans totalling $66m, in Florida.
Its denial rate, the share of decided applications the lender denied, was 8.5%, below the national rate of 24.3% and below the Florida rate of 29.0%. 18 applications were withdrawn by the applicant and 6 files were closed for incompleteness; those are not counted in the denial rate.
By loan purpose the originations were mostly home purchase (84%) and cash-out refinancing (6%); by loan type, conventional (89%) and FHA (8%).
The largest volumes were in Florida (117 originations).
Applications were up 277% on 2023.
Compared with Florida and the nation
| Measure | This lender | Florida, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 8.5% | 29.0% | 24.3% |
| Median rate spread, percentage points | — | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | — | 16.4% | 15.6% |
| Average originated loan | $500k | $359k | $329k |
| Home purchase share of originations | 84.0% | 62.9% | 57.0% |
| FHA-insured share of originations | 8.4% | 17.7% | 13.4% |
| VA-guaranteed share of originations | 3.1% | 9.5% | 7.9% |
| Applications withdrawn by applicant | 10.2% | 15.9% | 14.3% |
Florida is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderFloridaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2022 | — | — | — | — | — | — |
| 2023 | 47 | 36 | $21m | 7.5% | — | 47 |
| 2024 | 177 | 131 | $66m | 8.5% | — | 177 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 84% (110)Home improvement 2% (2)Refinancing 5% (6)Cash-out refinancing 6% (8)Other purpose 4% (5)
By type
Conventional 89% (116)FHA 8% (11)VA 3% (4)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 160 | 116 | 12 | 7.5% |
| FHA-insured | 13 | 11 | 1 | — |
| VA-guaranteed | 4 | 4 | 0 | — |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 131 | 74.0% |
| 2 Application approved but not accepted | 9 | 5.1% |
| 3 Application denied | 13 | 7.3% |
| 4 Application withdrawn by applicant | 18 | 10.2% |
| 5 File closed for incompleteness | 6 | 3.4% |
| 6 Purchased loan | 0 | 0.0% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Denial reason breakdown withheld: fewer than 25 denials.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Florida | 156 | 117 | $61m | 7.5% | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Sarasota County | FL | 51 | 36 | $18m | 2.5% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 0 | 0 | 0 | 0 |
| Jul 2026 | 0 | 0 | 0 | 0 |
| Jun 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| Apr 2026 | 0 | 0 | 0 | 0 |
| Mar 2026 | 0 | 0 | 0 | 0 |
| Feb 2026 | 0 | 0 | 0 | 0 |
| Jan 2026 | 0 | 0 | 0 | 0 |
| Dec 2025 | 0 | 0 | 0 | 0 |
| Nov 2025 | 0 | 0 | 0 | 0 |
| Oct 2025 | 1 | 1 | 0 | 0 |
| Sep 2025 | 0 | 0 | 0 | 0 |
Fiscal-year totals (VA): FY2023 241,074 · FY2024 1,944,258 · FY2025 741,718. Matched to the VA lender name "COGENT BANK"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Cogent Bank originate in 2024?
131 loans totalling $66m, from 177 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.
What is Cogent Bank's denial rate and how does it compare?
8.5% of decided applications were denied in 2024, against 24.3% nationally and 29.0% in Florida. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Cogent Bank lend in most?
By originations: Sarasota County, FL (36).
What loan types does Cogent Bank make?
Conventional 116, FHA 11, VA 4 and USDA 0 originations in 2024; by purpose, home purchase 110, home improvement 2, refinancing 6, cash-out refinancing 8 and other purpose 5.
What reasons did Cogent Bank report for denials?
Not enough denials to report a breakdown.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2023–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.