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 | SOVEREIGN BANK | ARVEST BANK |
|---|---|---|
| Total Applications | 591 | 20,066 ▲ |
| Loans Originated | 525 | 12,946 |
| Approval Rate (higher is better) | 88.8% ✓ | 64.5% |
| Denial Rate (lower is better) | 2.7% ✓ | 16.2% |
| Avg Loan Amount | $297,267 | $218,617 |
| Avg Interest Rate (lower is better) | 7.296% ✓ | 7.681% |
| Avg Applicant Income | $38,000 | $36,000 |
| Applications Denied | 16 | 3,257 |
| Applications Withdrawn | 9 | 2,961 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SOVEREIGN BANK | ARVEST BANK |
|---|---|---|
| Conventional | 410 (69.4%) | 17,600 (87.7%) |
| FHA | 121 (20.5%) | 1,731 (8.6%) |
| VA | 59 (10.0%) | 524 (2.6%) |
| USDA | 1 (0.2%) | 211 (1.1%) |
Loan Purpose Breakdown
| Purpose | SOVEREIGN BANK | ARVEST BANK |
|---|---|---|
| Home Purchase | 461 | 9,109 |
| Refinancing | 90 | 2,199 |
| Home Improvement | 19 | 3,616 |
| Cash-out Refinancing | 17 | 1,873 |
| Other | 4 | 3,268 |
Top States by Loan Volume
Summary
- 591 total applications · 525 originated
- Approval rate: 88.8%
- Denial rate: 2.7%
- Avg loan: $297,267
- Avg rate: 7.296%
- HQ: SHAWNEE, OK
- 20,066 total applications · 12,946 originated
- Approval rate: 64.5%
- Denial rate: 16.2%
- Avg loan: $218,617
- Avg rate: 7.681%
- HQ: TULSA, OK
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.