LEI 549300GTJL0LGX444G33 · Shrewsbury, MA
Drew Mortgage Associates, Inc
Denial sits in the lower fleet tercile at 5.3% across 243 HMDA applications, fewer outright refusals than the bulk of the corpus.
Denial tercile vs fleet
Drew Mortgage Associates, Inc posts a 5.3% denial rate, below the fleet's lower tercile (~5.61%) - across 243 applications with 198 originations. Leading cited denial reason: other. Volume rank is still not origination-share rank.
- n/a
- Below 1,000-app share board
- 81.5%
- Origination share
- 198
- Originated
- 5.3%
- Denial rate
According to the CFPB HMDA 2024 Snapshot. Origination share is originated divided by applications among reporters with 1,000+ applications. Denial share and origination share do not sum to 100% because HMDA also records withdrawals, incompletes, and purchased loans. See /methodology#corpus-placement. Informational reporting, not mortgage advice.
Reported application outcomes
243 reported applications
Where Drew Mortgage Associates, Inc sits by reported originations
2024 CFPB HMDA reporting lenders, bucketed by originated-loan count
198 Top 42% higher than 58% of 4,908 reporting lenders
Each bar is a 50,000-originated loans band. The dashed line and filled bar mark this lender. Hover, tap, or focus a bar for its count and population share.
Source CFPB Home Mortgage Disclosure Act loan/application register · 2024 reporting year
Loan types by applications · Drew Mortgage Associates, I…
Application volume by HMDA loan type in this lender's 2024 book.
Cited denial reasons · Drew Mortgage Associates, I…
Lender-reported HMDA denial-reason counts (top reasons shown).
Mid-volume reporter. Drew Mortgage Associates, Inc's 81.5% origination rate and 5.3% denial rate sit on a mid-tercile originated book (198 funded; fleet band ~78-310). Approval and denial do not sum to 100% - HMDA also records withdrawals, incompletes, and purchased loans. Most-cited denial codes: Other, Collateral, Unverifiable information. Program weight concentrates in Conventional (207 applications).
How to read Drew Mortgage Associates, Inc. These figures are aggregate HMDA disclosures for this lender's 2024 book, not any one file. Rates reflect applicant mix (credit, LTV, DTI, geography) as much as underwriting posture. Informational data reporting, not financial, legal, or mortgage advice. Source vintage: CFPB HMDA 2024 Snapshot.
Lending activity by loan program · Drew Mortgage Associates, I…
Drew Mortgage Associates, Inc filed most under Conventional. Applications, originations and denials are separate outcomes of the same filing, so the columns do not sum.
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 207 | 167 | 9 | $452,101 |
| FHA | 29 | 24 | 4 | $449,138 |
| VA | 7 | 7 | 0 | $566,429 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Drew Mortgage Associates, Inc (LEI: 549300GTJL0LGX444G33) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Why borrowers applied
Purchase, refinance and cash-out are reported as distinct purposes; average loan size usually separates them more sharply than volume does.
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 168 | 136 | $502,083 |
| Refinancing | 73 | 60 | $352,808 |
| Cash-out Refinancing | 2 | 2 | $235,000 |
Reported outcomes by applicant race
CFPB derived race categories. HMDA carries no credit score, debt-to-income ratio or down payment, so a gap between these rows is an outcome difference and never, on its own, evidence of discrimination.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 213 | 80.8% | 5.2% |
| Black or African American * | 14 | 78.6% | 14.3% |
| Asian * | 12 | 91.7% | 0.0% |
| Joint * | 3 | 100.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander * | 1 | 100.0% | 0.0% |
* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.
Reported outcomes by applicant ethnicity
Hispanic or Latino is an ethnicity, not a race, and is reported separately per U.S. Census Bureau standards. The same limitation applies: HMDA records the outcome, not the underwriting inputs behind it.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 230 | 80.9% | 5.2% |
| Hispanic or Latino * | 8 | 87.5% | 12.5% |
| Joint * | 4 | 100.0% | 0.0% |
* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.
Nearby Lenders in MA
Other HMDA-reporting lenders in MA with similar activity. Compare any two side-by-side.
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Read with Drew Mortgage Associates, Inc
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Drew Mortgage Associates, Inc (LEI 549300GTJL0LGX444G33), from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024). See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.