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 | WSECU | United Wholesale Mortgage |
|---|---|---|
| Total Applications | 4,133 | 493,978 ▲ |
| Loans Originated | 1,960 | 366,078 |
| Approval Rate (higher is better) | 47.4% | 74.1% ✓ |
| Denial Rate (lower is better) | 42.2% | 11.7% ✓ |
| Avg Loan Amount | $185,946 | $380,061 |
| Avg Interest Rate (lower is better) | 7.827% | 6.550% ✓ |
| Avg Applicant Income | $35,000 | $40,000 |
| Applications Denied | 1,743 | 57,760 |
| Applications Withdrawn | 294 | 46,939 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | WSECU | United Wholesale Mortgage |
|---|---|---|
| Conventional | 3,994 (96.6%) | 311,346 (63.0%) |
| FHA | 115 (2.8%) | 110,164 (22.3%) |
| VA | 24 (0.6%) | 70,939 (14.4%) |
| USDA | — | 1,529 (0.3%) |
Loan Purpose Breakdown
| Purpose | WSECU | United Wholesale Mortgage |
|---|---|---|
| Other | 1,391 | — |
| Home Improvement | 1,368 | — |
| Cash-out Refinancing | 717 | 95,968 |
| Home Purchase | 443 | 311,743 |
| Refinancing | 214 | 86,267 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Washington | 1,928 | #19 |
Summary
- 4,133 total applications · 1,960 originated
- Approval rate: 47.4%
- Denial rate: 42.2%
- Avg loan: $185,946
- Avg rate: 7.827%
- HQ: OLYMPIA, WA
- 493,978 total applications · 366,078 originated
- Approval rate: 74.1%
- Denial rate: 11.7%
- Avg loan: $380,061
- Avg rate: 6.550%
- HQ: Pontiac, MI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.