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 | Forward Bank | Nicolet National Bank |
|---|---|---|
| Total Applications | 463 | 3,899 ▲ |
| Loans Originated | 367 | 2,667 |
| Approval Rate (higher is better) | 79.3% ✓ | 68.4% |
| Denial Rate (lower is better) | 7.3% | 3.9% ✓ |
| Avg Loan Amount | $184,071 | $254,782 |
| Avg Interest Rate (lower is better) | 7.530% ✓ | 7.746% |
| Avg Applicant Income | $32,000 | $36,000 |
| Applications Denied | 34 | 150 |
| Applications Withdrawn | 0 | 244 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Forward Bank | Nicolet National Bank |
|---|---|---|
| Conventional | 463 (100.0%) | 3,898 (100.0%) |
| FHA | — | — |
| VA | — | 1 (0.0%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Forward Bank | Nicolet National Bank |
|---|---|---|
| Home Purchase | 292 | 2,451 |
| Cash-out Refinancing | 75 | 106 |
| Home Improvement | 38 | 604 |
| Other | 29 | 320 |
| Refinancing | 29 | 418 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Wisconsin | 2,192 | #16 |
Summary
- 463 total applications · 367 originated
- Approval rate: 79.3%
- Denial rate: 7.3%
- Avg loan: $184,071
- Avg rate: 7.530%
- HQ: Marshfield, WI
- 3,899 total applications · 2,667 originated
- Approval rate: 68.4%
- Denial rate: 3.9%
- Avg loan: $254,782
- Avg rate: 7.746%
- HQ: Green Bay, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.