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Better Mortgage Corporation in Illinois
HMDA record for properties in Illinois, calendar year 2024. National record · Illinois overview
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. Cells under 25 applications are withheld.
In Illinois, Better Mortgage Corporation reported 585 applications and 191 originations for 2024, $70m in all.
Its denial rate in the state was 28.9%, above the Illinois rate of 23.3% across all lenders and compared with the lender's national rate of 27.1%.
The median rate spread on its Illinois originations was 0.0 percentage points (state median 0.5).
Applications in the state were up 27% on 2023.
Compared with the state and the lender's national record
| Measure | In Illinois | Illinois, all lenders | Better Mortgage Corporation, all states | United States |
|---|---|---|---|---|
| Denial rate | 28.9% | 23.3% | 27.1% | 24.3% |
| Median rate spread, pp | 0.0 | 0.5 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 9.5% | 15.4% | 8.8% | 15.6% |
| Average originated loan | $364k | $273k | $401k | $329k |
| Home purchase share | 81.7% | 61.1% | 76.9% | 57.0% |
| FHA-insured share | 3.7% | 10.7% | 7.5% | 13.4% |
| VA-guaranteed share | 1.0% | 4.9% | 0.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateIllinois, all lenders
Loan purpose and loan type in Illinois
By purpose
Home purchase 82% (156)Refinancing 7% (14)Cash-out refinancing 5% (10)Other purpose 6% (11)
By type
Conventional 95% (182)FHA 4% (7)VA 1% (2)
Denial reasons as coded
Share of 79 denials in Illinois by first denial reason coded (outlined bar: all lenders in the state).
Counties in Illinois
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Cook County | 278 | 81 | $32m | 30.2% |
| DuPage County | 62 | 22 | $9.0m | 18.5% |
| Will County | 51 | 18 | $7.5m | 24.0% |
| Kane County | 28 | 15 | $6.1m | — |
| Lake County | 47 | 13 | $5.6m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Better Mortgage Corporation originate in Illinois in 2024?
191 loans totalling $70m, from 585 applications reported for properties in Illinois.
What is Better Mortgage Corporation's denial rate in Illinois?
28.9% of decided applications in Illinois were denied, against 23.3% for all lenders in the state and 27.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Illinois counties does Better Mortgage Corporation lend in most?
By originations: Cook County (81), DuPage County (22), Will County (18), Kane County (15), Lake County (13).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Illinois. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.