Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | CORNING CREDIT UNION | ServU Federal Credit |
|---|---|---|
| Total Applications | 2,692 ▲ | 539 |
| Loans Originated | 1,853 | 351 |
| Approval Rate (higher is better) | 68.8% ✓ | 65.1% |
| Denial Rate (lower is better) | 13.8% | 11.9% ✓ |
| Avg Loan Amount | $136,976 | $85,167 |
| Avg Interest Rate (lower is better) | 7.017% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 371 | 64 |
| Applications Withdrawn | 91 | 55 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | CORNING CREDIT UNION | ServU Federal Credit |
|---|---|---|
| Conventional | 2,689 (99.9%) | 539 (100.0%) |
| FHA | — | — |
| VA | 3 (0.1%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | CORNING CREDIT UNION | ServU Federal Credit |
|---|---|---|
| Home Improvement | 859 | 83 |
| Other | 799 | 170 |
| Home Purchase | 786 | 157 |
| Refinancing | 216 | 72 |
| Cash-out Refinancing | 32 | 57 |
Summary
- 2,692 total applications · 1,853 originated
- Approval rate: 68.8%
- Denial rate: 13.8%
- Avg loan: $136,976
- Avg rate: 7.017%
- HQ: CORNING, NY
- 539 total applications · 351 originated
- Approval rate: 65.1%
- Denial rate: 11.9%
- Avg loan: $85,167
- HQ: Painted Post, NY
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.