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 | State Employees' Credit | VANDERBILT MORTGAGE AND |
|---|---|---|
| Total Applications | 46,508 ▲ | 124,520 |
| Loans Originated | 28,065 | 20,306 |
| Approval Rate (higher is better) | 60.3% ✓ | 16.3% |
| Denial Rate (lower is better) | 23.7% ✓ | 42.7% |
| Avg Loan Amount | $151,844 | $136,987 |
| Avg Interest Rate (lower is better) | 6.915% ✓ | 8.482% |
| Avg Applicant Income | $36,000 | $37,000 |
| Applications Denied | 11,020 | 53,122 |
| Applications Withdrawn | 5,098 | 4,053 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | State Employees' Credit | VANDERBILT MORTGAGE AND |
|---|---|---|
| Conventional | 46,508 (100.0%) | 120,046 (96.4%) |
| FHA | — | 3,092 (2.5%) |
| VA | — | 1,290 (1.0%) |
| USDA | — | 92 (0.1%) |
Loan Purpose Breakdown
| Purpose | State Employees' Credit | VANDERBILT MORTGAGE AND |
|---|---|---|
| Home Purchase | 13,977 | 123,615 |
| Home Improvement | 13,429 | — |
| Other | 8,953 | — |
| Refinancing | 7,590 | 68 |
| Cash-out Refinancing | 2,559 | 373 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| North Carolina | 27,195 | #1 |
| State | Originated | Rank |
|---|---|---|
| South Carolina | 2,345 | #10 |
| Tennessee | 1,721 | #19 |
| Alabama | 1,559 | #14 |
| Kentucky | 1,137 | #16 |
| West Virginia | 480 | #12 |
Summary
- 46,508 total applications · 28,065 originated
- Approval rate: 60.3%
- Denial rate: 23.7%
- Avg loan: $151,844
- Avg rate: 6.915%
- HQ: Raleigh, NC
- 124,520 total applications · 20,306 originated
- Approval rate: 16.3%
- Denial rate: 42.7%
- Avg loan: $136,987
- Avg rate: 8.482%
- HQ: MARYVILLE, TN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.