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 | RED RIVER EMPLOYEES | Mortgage Financial Services |
|---|---|---|
| Total Applications | 588 | 3,302 ▲ |
| Loans Originated | 352 | 2,138 |
| Approval Rate (higher is better) | 59.9% | 64.7% ✓ |
| Denial Rate (lower is better) | 12.9% | 2.4% ✓ |
| Avg Loan Amount | $144,813 | $278,795 |
| Avg Interest Rate (lower is better) | N/A | 6.709% |
| Avg Applicant Income | N/A | $40,000 |
| Applications Denied | 76 | 78 |
| Applications Withdrawn | 35 | 1,077 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | RED RIVER EMPLOYEES | Mortgage Financial Services |
|---|---|---|
| Conventional | 587 (99.8%) | 1,299 (39.3%) |
| FHA | — | 1,533 (46.4%) |
| VA | 1 (0.2%) | 365 (11.1%) |
| USDA | — | 105 (3.2%) |
Loan Purpose Breakdown
| Purpose | RED RIVER EMPLOYEES | Mortgage Financial Services |
|---|---|---|
| Home Purchase | 325 | 2,964 |
| Cash-out Refinancing | 124 | — |
| Other | 107 | — |
| Refinancing | 31 | 338 |
| Home Improvement | 1 | — |
Summary
- 588 total applications · 352 originated
- Approval rate: 59.9%
- Denial rate: 12.9%
- Avg loan: $144,813
- HQ: TEXARKANA, TX
- 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
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.