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 | North Shore Bank | Members Cooperative Credit |
|---|---|---|
| Total Applications | 795 ▲ | 728 |
| Loans Originated | 604 | 477 |
| Approval Rate (higher is better) | 76.0% ✓ | 65.5% |
| Denial Rate (lower is better) | 4.4% ✓ | 14.6% |
| Avg Loan Amount | $262,925 | $121,676 |
| Avg Interest Rate (lower is better) | 6.807% ✓ | 8.419% |
| Avg Applicant Income | $35,000 | $37,000 |
| Applications Denied | 35 | 106 |
| Applications Withdrawn | 43 | 111 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | North Shore Bank | Members Cooperative Credit |
|---|---|---|
| Conventional | 725 (91.2%) | 721 (99.0%) |
| FHA | 43 (5.4%) | 6 (0.8%) |
| VA | 27 (3.4%) | 1 (0.1%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | North Shore Bank | Members Cooperative Credit |
|---|---|---|
| Home Purchase | 673 | 200 |
| Cash-out Refinancing | 44 | 34 |
| Refinancing | 39 | 141 |
| Other | 22 | 128 |
| Home Improvement | 17 | 225 |
Summary
- 795 total applications · 604 originated
- Approval rate: 76.0%
- Denial rate: 4.4%
- Avg loan: $262,925
- Avg rate: 6.807%
- HQ: Duluth, MN
- 728 total applications · 477 originated
- Approval rate: 65.5%
- Denial rate: 14.6%
- Avg loan: $121,676
- Avg rate: 8.419%
- HQ: Duluth, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.