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 | RELIANCE STATE BANK | Manufacturers Bank & |
|---|---|---|
| Total Applications | 86 | 193 ▲ |
| Loans Originated | 69 | 174 |
| Approval Rate (higher is better) | 80.2% | 90.2% ✓ |
| Denial Rate (lower is better) | 8.1% | 3.1% ✓ |
| Avg Loan Amount | $164,302 | $159,611 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 7 | 6 |
| Applications Withdrawn | 10 | 5 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | RELIANCE STATE BANK | Manufacturers Bank & |
|---|---|---|
| Conventional | 86 (100.0%) | 193 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | RELIANCE STATE BANK | Manufacturers Bank & |
|---|---|---|
| Home Purchase | 50 | 113 |
| Home Improvement | 21 | 18 |
| Refinancing | 10 | 42 |
| Other | 5 | 10 |
| Cash-out Refinancing | — | 10 |
Summary
- 86 total applications · 69 originated
- Approval rate: 80.2%
- Denial rate: 8.1%
- Avg loan: $164,302
- HQ: STORY CITY, IA
- 193 total applications · 174 originated
- Approval rate: 90.2%
- Denial rate: 3.1%
- Avg loan: $159,611
- HQ: Forest City, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.