PlainLender

SEFCU SERVICES LLC

ALBANY, NY

SEFCU SERVICES LLC processed 3,245 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,802 loans with a 1.8% denial rate. Home Purchase was the primary loan purpose. Based in ALBANY, NY. The approval rate of 86.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. SEFCU SERVICES LLC processed 3,245 HMDA-reported mortgage applications in 2024, originating 2,802 loans and denying 59 for a denial rate of 1.8% (applicants themselves withdrew 293 files before a decision). The average loan amount was $290,794 at a 6.074% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300RJW4T6MPVUPK44 from ALBANY, NY.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SEFCU SERVICES LLC's 86.3% origination rate tells you how often an application turned into funded money; the 1.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,981 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.

3,245
Applications
2,802
Originated
1.8%
Denial Rate
$290,794
Avg Loan Amount
Avg Interest Rate: 6.074% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,981 2,610 33 $295,704
FHA 223 156 23 $227,556
VA 38 33 3 $280,789
USDA 3 3 0 $238,333

Top loan types — SEFCU SERVICES LLC

Top loan types — SEFCU SERVICES LLC Horizontal bar chart of the top 4 items by value (applications). Top loan types — SEFCU SERVICES LLC Top 4 1. Conventional 2,981 2. FHA 223 3. VA 38 4. USDA 3 Top 5 loan types by application volume at SEFCU SERVICES LLC (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for SEFCU SERVICES LLC (LEI: 549300RJW4T6MPVUPK44) · 2023 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
22
Collateral
22
Employment history
8
Other
8
Credit history
5
Insufficient cash
4
Unverifiable information
3
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,977 2,586 $294,741
Cash-out Refinancing 172 135 $224,942
Refinancing 96 81 $286,354

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,233 87.3% 1.8%
Asian 254 87.4% 0.8%
Black or African American 133 79.7% 2.3%
Joint 67 83.6% 6.0%
American Indian or Alaska Native 6 83.3% 0.0%
Native Hawaiian or Other Pacific Islander 4 50.0% 0.0%
2 or more minority races 3 100.0% 0.0%

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 2,533 86.7% 1.6%
Hispanic or Latino 102 80.4% 6.9%
Joint 45 88.9% 4.4%

Nearby Lenders in NY

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

Citibank, NA

New York, NY

54,575 apps 14,104 originated 8.6% denied

M&T BANK

BUFFALO, NY

36,377 apps 20,743 originated 30.9% denied

Loan Funder LLC

New York, NY

23,955 apps 10,690 originated 11.6% denied

BETHPAGE FEDERAL CREDIT UNION

BETHPAGE, NY

21,186 apps 9,086 originated 44.3% denied

Better Mortgage Corporation

New York, NY

18,219 apps 5,450 originated 11.3% denied
Compare SEFCU SERVICES LLC vs Citibank, NA →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did SEFCU SERVICES LLC process?
SEFCU SERVICES LLC processed 3,245 mortgage applications in the 2023 HMDA reporting year. Of these, 2,802 were originated (approved and funded), 293 were withdrawn by the applicant, and 59 were denied.
What is SEFCU SERVICES LLC's mortgage approval rate?
SEFCU SERVICES LLC has an approval (origination) rate of 86.3%, meaning 86.3% of all applications resulted in a funded mortgage. The denial rate is 1.8%.
What is the average loan amount at SEFCU SERVICES LLC?
The average mortgage loan amount at SEFCU SERVICES LLC is $290,794. The average interest rate is 6.074%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at SEFCU SERVICES LLC?
The most common reasons for mortgage denial at SEFCU SERVICES LLC are: Debt-to-income ratio, Collateral, Employment history. In total, 59 applications were denied out of 3,245 total applications.
What types of mortgage loans does SEFCU SERVICES LLC offer?
SEFCU SERVICES LLC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 2,981 applications and an average loan amount of $295,704.
What loan purposes does SEFCU SERVICES LLC serve?
SEFCU SERVICES LLC serves the following loan purposes: Home Purchase (2,977 applications), Cash-out Refinancing (172 applications), Refinancing (96 applications). Home Purchase is the most common purpose.
Where is SEFCU SERVICES LLC located?
SEFCU SERVICES LLC is headquartered in ALBANY, NY. The lender is identified by LEI 549300RJW4T6MPVUPK44 in HMDA data.
How does SEFCU SERVICES LLC compare in lending across racial demographics?
SEFCU SERVICES LLC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 87.3% and denial rate of 1.8%; Asian applicants have an approval rate of 87.4% and denial rate of 0.8%; Black or African American applicants have an approval rate of 79.7% and denial rate of 2.3%. 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.