San Ramon, CA · Independent non-bank lender · CFPB · 70,353 loans in 2025
70,353
loans originated, 2025
104,189
applications, 2025
53
states and territories
1
gaps bigger than at similar lenders
How to read this section
For Black, Hispanic and Asian applicants, we look at how much more often CMG Mortgage turns them down than White
applicants: the gap. Then we compare that gap with the gap at similar lenders, for similar applications: the same
income, loan size, debt-to-income range, loan-to-value, loan type, kind of property and place.
"Bigger gap" means we are at least 99% sure the gap is bigger than at similar lenders. That is a reason to look
closer, not proof of discrimination. The public data has no credit scores and none of the documents a lender
reviews, and the kind of loans a lender makes can widen a gap for good reasons. Each result below gives the numbers
and the explanations they allow.
FIG. 1 — GAPS AGAINST SIMILAR LENDERS
CMG Mortgage's gap is bigger than at similar lenders for Hispanic purchase applicants.
Each dot compares CMG Mortgage's gap with the gap at similar lenders: at 1x they are the same, at 2x its gap is twice as large. A gap is how much more likely the group is to be turned down than White applicants. The line around each dot shows the range the true value probably lies in (95%). Amber: groups where we are at least 99% sure the gap is bigger.
SOURCE: FFIEC HMDA 2025; JENNER ANALYTICS NATIONAL DENIAL MODEL
Hispanic purchase
CMG Mortgage's gap for Hispanic purchase applicants is bigger than at similar lenders.
How sure we are that the gap is bigger than at similar lenders: 99.7%.
Of the purchase applications it decided in 2025, it turned down 5% of 8,014 from Hispanic applicants and 2% of 27,808 from White applicants. The most common reason: "other", which the public data does not explain, given for 46% of the Hispanic applicants turned down and 40% of the White applicants turned down.
CMG Mortgage turns down few purchase applicants. The gap is small in points but large in proportion, and the most common reason it gives is "other".
The public data has no credit scores, savings or full credit histories, so our comparison cannot allow for them. A difference in them between the groups applying would produce a gap like this one.
FIG. 2 — REASONS FOR TURNING APPLICANTS DOWN, 2025
Why applications were turned down, beside White applicants at the same lender.
Each bar is 100% of the applications the lender decided for that group; the coloured part was turned down, split by the main reason the lender gave, and the rest were approved. Applications the applicant withdrew are not counted.
SOURCE: FFIEC HMDA 2025, FIRST REASON GIVEN
Applicants
Turned down: group
Turned down: White
How sure the gap is bigger
Result
Hispanic purchase
5%
2%
99.7%
Bigger gap than at similar lenders
Hispanic refinance
11%
5%
61.3%
Not clearly bigger
Black purchase
7%
2%
97.9%
Not clearly bigger
Black refinance
14%
5%
34.4%
Not clearly bigger
Asian purchase
4%
2%
54.5%
Not clearly bigger
Asian refinance
7%
5%
37.4%
Not clearly bigger
"How sure the gap is bigger": how sure we are that the lender's gap is bigger than at similar lenders. We call it bigger at 99% or more.