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 | Mechanics Bank | The Park National |
|---|---|---|
| Total Applications | 791 | 5,339 ▲ |
| Loans Originated | 499 | 3,670 |
| Approval Rate (higher is better) | 63.1% | 68.7% ✓ |
| Denial Rate (lower is better) | 2.3% ✓ | 18.4% |
| Avg Loan Amount | $185,544 | $170,898 |
| Avg Interest Rate (lower is better) | 6.480% ✓ | 7.620% |
| Avg Applicant Income | $32,000 | $37,000 |
| Applications Denied | 18 | 982 |
| Applications Withdrawn | 39 | 614 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Mechanics Bank | The Park National |
|---|---|---|
| Conventional | 791 (100.0%) | 5,302 (99.3%) |
| FHA | — | 22 (0.4%) |
| VA | — | 12 (0.2%) |
| USDA | — | 3 (0.1%) |
Loan Purpose Breakdown
| Purpose | Mechanics Bank | The Park National |
|---|---|---|
| Home Purchase | 587 | 2,211 |
| Home Improvement | 84 | 1,431 |
| Refinancing | 65 | 889 |
| Other | 55 | 671 |
| Cash-out Refinancing | — | 137 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Ohio | 3,265 | #14 |
Summary
- 791 total applications · 499 originated
- Approval rate: 63.1%
- Denial rate: 2.3%
- Avg loan: $185,544
- Avg rate: 6.480%
- HQ: Mansfield, OH
- 5,339 total applications · 3,670 originated
- Approval rate: 68.7%
- Denial rate: 18.4%
- Avg loan: $170,898
- Avg rate: 7.620%
- HQ: Newark, OH
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.