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 | WATERSTONE MORTGAGE CORPORATION | VANDERBILT MORTGAGE AND |
|---|---|---|
| Total Applications | 10,792 | 124,520 ▲ |
| Loans Originated | 7,819 | 20,306 |
| Approval Rate (higher is better) | 72.5% ✓ | 16.3% |
| Denial Rate (lower is better) | 4.5% ✓ | 42.7% |
| Avg Loan Amount | $277,829 | $136,987 |
| Avg Interest Rate (lower is better) | 6.358% ✓ | 8.482% |
| Avg Applicant Income | $40,000 | $37,000 |
| Applications Denied | 482 | 53,122 |
| Applications Withdrawn | 2,351 | 4,053 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | WATERSTONE MORTGAGE CORPORATION | VANDERBILT MORTGAGE AND |
|---|---|---|
| Conventional | 7,351 (68.1%) | 120,046 (96.4%) |
| FHA | 2,561 (23.7%) | 3,092 (2.5%) |
| VA | 807 (7.5%) | 1,290 (1.0%) |
| USDA | 73 (0.7%) | 92 (0.1%) |
Loan Purpose Breakdown
| Purpose | WATERSTONE MORTGAGE CORPORATION | VANDERBILT MORTGAGE AND |
|---|---|---|
| Home Purchase | 9,624 | 123,615 |
| Cash-out Refinancing | 773 | 373 |
| Refinancing | 373 | 68 |
| Home Improvement | 22 | — |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| New Mexico | 2,253 | #2 |
| 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
- 10,792 total applications · 7,819 originated
- Approval rate: 72.5%
- Denial rate: 4.5%
- Avg loan: $277,829
- Avg rate: 6.358%
- HQ: BROOKFIELD, WI
- 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.