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 | Mortgage Financial Services | Royal United Mortgage |
|---|---|---|
| Total Applications | 3,302 | 10,163 ▲ |
| Loans Originated | 2,138 | 5,993 |
| Approval Rate (higher is better) | 64.7% ✓ | 59.0% |
| Denial Rate (lower is better) | 2.4% ✓ | 26.6% |
| Avg Loan Amount | $278,795 | $123,935 |
| Avg Interest Rate (lower is better) | 6.709% ✓ | 6.875% |
| Avg Applicant Income | $40,000 | $37,000 |
| Applications Denied | 78 | 2,705 |
| Applications Withdrawn | 1,077 | 1,320 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Mortgage Financial Services | Royal United Mortgage |
|---|---|---|
| Conventional | 1,299 (39.3%) | 8,375 (82.4%) |
| FHA | 1,533 (46.4%) | 1,525 (15.0%) |
| VA | 365 (11.1%) | 246 (2.4%) |
| USDA | 105 (3.2%) | 17 (0.2%) |
Loan Purpose Breakdown
| Purpose | Mortgage Financial Services | Royal United Mortgage |
|---|---|---|
| Home Purchase | 2,964 | 315 |
| Refinancing | 338 | 9,848 |
Summary
- 3,302 total applications · 2,138 originated
- Approval rate: 64.7%
- Denial rate: 2.4%
- Avg loan: $278,795
- Avg rate: 6.709%
- HQ: Baton Rouge, LA
- 10,163 total applications · 5,993 originated
- Approval rate: 59.0%
- Denial rate: 26.6%
- Avg loan: $123,935
- Avg rate: 6.875%
- HQ: Indianapolis, IN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.