PlainLender

SUNMARK CREDIT UNION

LATHAM, NY

SUNMARK CREDIT UNION processed 1,265 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 815 loans with a 12.7% denial rate. Home Improvement was the primary loan purpose. Based in LATHAM, NY. The approval rate of 64.4% 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. SUNMARK CREDIT UNION processed 1,265 HMDA-reported mortgage applications in 2024, originating 815 loans and denying 161 for a denial rate of 12.7% (applicants themselves withdrew 224 files before a decision). The average loan amount was $168,328 at a 7.161% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 54930017CJWOENP0BZ82 from LATHAM, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SUNMARK CREDIT UNION's 64.4% origination rate tells you how often an application turned into funded money; the 12.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,132 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.

1,265
Applications
815
Originated
12.7%
Denial Rate
$168,328
Avg Loan Amount
Avg Interest Rate: 7.161% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,132 740 147 $160,539
FHA 125 70 14 $230,520
VA 8 5 0 $298,750

Top loan types — SUNMARK CREDIT UNION

Top loan types — SUNMARK CREDIT UNION Horizontal bar chart of the top 3 items by value (applications). Top loan types — SUNMARK CREDIT UNION Top 3 1. Conventional 1,132 2. FHA 125 3. VA 8 Top 5 loan types by application volume at SUNMARK CREDIT UNION (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 SUNMARK CREDIT UNION (LEI: 54930017CJWOENP0BZ82) · 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

Credit history
103
Debt-to-income ratio
41
Collateral
19
Other
13
Employment history
3
Credit application incomplete
3
Unverifiable information
2
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 634 415 $88,186
Home Purchase 432 294 $276,366
Cash-out Refinancing 104 63 $226,923
Refinancing 75 41 $162,867
Other 20 2 $91,000

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 788 65.5% 13.7%
Black or African American 95 50.5% 21.1%
Asian 48 50.0% 16.7%
Joint 23 78.3% 8.7%
American Indian or Alaska Native 11 63.6% 0.0%
Native Hawaiian or Other Pacific Islander 9 44.4% 22.2%
2 or more minority races 2 0.0% 50.0%

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 889 63.7% 14.2%
Hispanic or Latino 54 50.0% 16.7%
Joint 27 66.7% 22.2%

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 SUNMARK CREDIT UNION 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

Explore More Data

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Frequently Asked Questions

How many mortgage applications did SUNMARK CREDIT UNION process?
SUNMARK CREDIT UNION processed 1,265 mortgage applications in the 2023 HMDA reporting year. Of these, 815 were originated (approved and funded), 224 were withdrawn by the applicant, and 161 were denied.
What is SUNMARK CREDIT UNION's mortgage approval rate?
SUNMARK CREDIT UNION has an approval (origination) rate of 64.4%, meaning 64.4% of all applications resulted in a funded mortgage. The denial rate is 12.7%.
What is the average loan amount at SUNMARK CREDIT UNION?
The average mortgage loan amount at SUNMARK CREDIT UNION is $168,328. The average interest rate is 7.161%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at SUNMARK CREDIT UNION?
The most common reasons for mortgage denial at SUNMARK CREDIT UNION are: Credit history, Debt-to-income ratio, Collateral. In total, 161 applications were denied out of 1,265 total applications.
What types of mortgage loans does SUNMARK CREDIT UNION offer?
SUNMARK CREDIT UNION processes Conventional, FHA, VA loans. The most common type is Conventional with 1,132 applications and an average loan amount of $160,539.
What loan purposes does SUNMARK CREDIT UNION serve?
SUNMARK CREDIT UNION serves the following loan purposes: Home Improvement (634 applications), Home Purchase (432 applications), Cash-out Refinancing (104 applications), Refinancing (75 applications), Other (20 applications). Home Improvement is the most common purpose.
Where is SUNMARK CREDIT UNION located?
SUNMARK CREDIT UNION is headquartered in LATHAM, NY. The lender is identified by LEI 54930017CJWOENP0BZ82 in HMDA data.
How does SUNMARK CREDIT UNION compare in lending across racial demographics?
SUNMARK CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.5% and denial rate of 13.7%; Black or African American applicants have an approval rate of 50.5% and denial rate of 21.1%; Asian applicants have an approval rate of 50.0% and denial rate of 16.7%. 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.