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 Research Center | United Wholesale Mortgage |
|---|---|---|
| Total Applications | 147,700 | 493,978 ▲ |
| Loans Originated | 73,759 | 366,078 |
| Approval Rate (higher is better) | 49.9% | 74.1% ✓ |
| Denial Rate (lower is better) | 15.9% | 11.7% ✓ |
| Avg Loan Amount | $314,113 | $380,061 |
| Avg Interest Rate (lower is better) | 6.395% ✓ | 6.550% |
| Avg Applicant Income | $41,000 | $40,000 |
| Applications Denied | 23,564 | 57,760 |
| Applications Withdrawn | 38,037 | 46,939 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Mortgage Research Center | United Wholesale Mortgage |
|---|---|---|
| Conventional | 11,299 (7.6%) | 311,346 (63.0%) |
| FHA | 4,858 (3.3%) | 110,164 (22.3%) |
| VA | 131,276 (88.9%) | 70,939 (14.4%) |
| USDA | 267 (0.2%) | 1,529 (0.3%) |
Loan Purpose Breakdown
| Purpose | Mortgage Research Center | United Wholesale Mortgage |
|---|---|---|
| Home Purchase | 97,464 | 311,743 |
| Cash-out Refinancing | 26,028 | 95,968 |
| Refinancing | 24,208 | 86,267 |
Top States by Loan Volume
Summary
- 147,700 total applications · 73,759 originated
- Approval rate: 49.9%
- Denial rate: 15.9%
- Avg loan: $314,113
- Avg rate: 6.395%
- HQ: Columbia, MO
- 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.