PlainLender

Everest Funding

San Diego, CA

Everest Funding processed 182 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 42 loans with a 24.7% denial rate. Cash-out Refinancing was the primary loan purpose. Based in San Diego, CA. The approval rate of 23.1% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Everest Funding's 23.1% origination rate tells you how often an application turned into funded money; the 24.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (169 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

182
Applications
42
Originated
24.7%
Denial Rate
$363,626
Avg Loan Amount
Avg Interest Rate: 10.577% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 169 41 35 $367,308
VA 8 1 5 $326,250
FHA 5 0 5 $299,000

Top loan types - Everest Funding

Top loan types - Everest Funding Horizontal bar chart of the top 3 items by value (applications). Top loan types - Everest Funding Top 3 1. Conventional 169 2. VA 8 3. FHA 5 Top 5 loan types by application volume at Everest Funding (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Everest Funding (LEI: 5493002WVA17MT4UFH84) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
14
Other
10
Credit history
10
Collateral
9
Employment history
1
Unverifiable information
1
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 129 36 $305,853
Home Purchase 37 4 $494,730
Refinancing 16 2 $526,250

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 94 22.3% 22.3%
Black or African American * 18 16.7% 33.3%
Asian * 8 37.5% 25.0%
Joint * 2 0.0% 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.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 119 23.5% 24.4%
Hispanic or Latino * 8 25.0% 25.0%
Joint * 1 0.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in CA

Other HMDA-reporting lenders in CA with similar activity. Compare any two side-by-side.

Pennymac Loan Services LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

Loandepot.Com, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

New American Funding, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare Everest Funding vs Pennymac Loan Services LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Everest Funding process?
Everest Funding processed 182 mortgage applications in the 2024 HMDA reporting year. Of these, 42 were originated (approved and funded), 79 were withdrawn by the applicant, and 45 were denied.
What is Everest Funding's mortgage approval rate?
Everest Funding has an approval (origination) rate of 23.1%, meaning 23.1% of all applications resulted in a funded mortgage. The denial rate is 24.7%.
What is the average loan amount at Everest Funding?
The average mortgage loan amount at Everest Funding is $363,626. The average interest rate is 10.577%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Everest Funding?
The most common reasons for mortgage denial at Everest Funding are: Debt-to-income ratio, Other, Credit history. In total, 45 applications were denied out of 182 total applications.
What types of mortgage loans does Everest Funding offer?
Everest Funding processes Conventional, VA, FHA loans. The most common type is Conventional with 169 applications and an average loan amount of $367,308.
What loan purposes does Everest Funding serve?
Everest Funding serves the following loan purposes: Cash-out Refinancing (129 applications), Home Purchase (37 applications), Refinancing (16 applications). Cash-out Refinancing is the most common purpose.
Where is Everest Funding located?
Everest Funding is headquartered in San Diego, CA. The lender is identified by LEI 5493002WVA17MT4UFH84 in HMDA data.
How does Everest Funding compare in lending across racial demographics?
Everest Funding reports demographic lending data under HMDA requirements. White applicants have an approval rate of 22.3% and denial rate of 22.3%; Black or African American applicants have an approval rate of 16.7% and denial rate of 33.3%; Asian applicants have an approval rate of 37.5% and denial rate of 25.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.