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 | WAYNE BANK | NEWREZ LLC |
|---|---|---|
| Total Applications | 692 | 248,242 ▲ |
| Loans Originated | 448 | 52,121 |
| Approval Rate (higher is better) | 64.7% ✓ | 21.0% |
| Denial Rate (lower is better) | 20.1% | 11.5% ✓ |
| Avg Loan Amount | $216,488 | $328,825 |
| Avg Interest Rate (lower is better) | 7.045% | 6.987% ✓ |
| Avg Applicant Income | $34,000 | $39,000 |
| Applications Denied | 139 | 28,631 |
| Applications Withdrawn | 86 | 37,001 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | WAYNE BANK | NEWREZ LLC |
|---|---|---|
| Conventional | 692 (100.0%) | 150,684 (60.7%) |
| FHA | — | 57,012 (23.0%) |
| VA | — | 37,471 (15.1%) |
| USDA | — | 3,075 (1.2%) |
Loan Purpose Breakdown
| Purpose | WAYNE BANK | NEWREZ LLC |
|---|---|---|
| Home Purchase | 295 | 129,324 |
| Home Improvement | 210 | 140 |
| Other | 105 | 120 |
| Refinancing | 64 | 32,788 |
| Cash-out Refinancing | 18 | 85,870 |
Top States by Loan Volume
Summary
- 692 total applications · 448 originated
- Approval rate: 64.7%
- Denial rate: 20.1%
- Avg loan: $216,488
- Avg rate: 7.045%
- HQ: HONESDALE, PA
- 248,242 total applications · 52,121 originated
- Approval rate: 21.0%
- Denial rate: 11.5%
- Avg loan: $328,825
- Avg rate: 6.987%
- HQ: FORT WASHINGTON, PA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.