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 | Fifth Third Bank, | United Wholesale Mortgage |
|---|---|---|
| Total Applications | 64,220 | 493,978 ▲ |
| Loans Originated | 30,494 | 366,078 |
| Approval Rate (higher is better) | 47.5% | 74.1% ✓ |
| Denial Rate (lower is better) | 23.9% | 11.7% ✓ |
| Avg Loan Amount | $207,714 | $380,061 |
| Avg Interest Rate (lower is better) | 8.462% | 6.550% ✓ |
| Avg Applicant Income | $37,000 | $40,000 |
| Applications Denied | 15,321 | 57,760 |
| Applications Withdrawn | 7,120 | 46,939 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Fifth Third Bank, | United Wholesale Mortgage |
|---|---|---|
| Conventional | 59,784 (93.1%) | 311,346 (63.0%) |
| FHA | 2,957 (4.6%) | 110,164 (22.3%) |
| VA | 1,392 (2.2%) | 70,939 (14.4%) |
| USDA | 87 (0.1%) | 1,529 (0.3%) |
Loan Purpose Breakdown
| Purpose | Fifth Third Bank, | United Wholesale Mortgage |
|---|---|---|
| Home Purchase | 21,505 | 311,743 |
| Home Improvement | 16,159 | — |
| Other | 12,263 | — |
| Refinancing | 10,417 | 86,267 |
| Cash-out Refinancing | 3,760 | 95,968 |
Top States by Loan Volume
Summary
- 64,220 total applications · 30,494 originated
- Approval rate: 47.5%
- Denial rate: 23.9%
- Avg loan: $207,714
- Avg rate: 8.462%
- HQ: Cincinnati, OH
- 493,978 total applications · 366,078 originated
- Approval rate: 74.1%
- Denial rate: 11.7%
- Avg loan: $380,061
- Avg rate: 6.550%
- HQ: Pontiac, MI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.