PlainLender

SUNWARD

ALBUQUERQUE, NM

SUNWARD processed 2,310 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,464 loans with a 8.5% denial rate. Home Purchase was the primary loan purpose. Based in ALBUQUERQUE, NM. The approval rate of 63.4% 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. SUNWARD processed 2,310 HMDA-reported mortgage applications in 2024, originating 1,464 loans and denying 197 for a denial rate of 8.5% (applicants themselves withdrew 344 files before a decision). The average loan amount was $277,403 at a 7.020% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300CIQ950OK0BS407 from ALBUQUERQUE, NM.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. SUNWARD's 63.4% origination rate tells you how often an application turned into funded money; the 8.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,310 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.

2,310
Applications
1,464
Originated
8.5%
Denial Rate
$277,403
Avg Loan Amount
Avg Interest Rate: 7.020% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,310 1,464 197 $277,403

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for SUNWARD (LEI: 549300CIQ950OK0BS407) · 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
100
Credit history
74
Other
50
Collateral
23
Credit application incomplete
9
Employment history
7
Insufficient cash
4
Unverifiable information
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 954 586 $385,660
Other 488 299 $130,594
Home Improvement 472 308 $116,229
Cash-out Refinancing 308 214 $218,604
Refinancing 88 57 $988,182

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,557 63.7% 8.5%
Asian 179 69.8% 3.9%
Joint 87 66.7% 5.8%
American Indian or Alaska Native 47 44.7% 17.0%
Black or African American 35 62.9% 17.1%
2 or more minority races 14 85.7% 7.1%
Native Hawaiian or Other Pacific Islander 3 33.3% 33.3%

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 1,138 63.2% 8.0%
Hispanic or Latino 672 60.0% 10.7%
Joint 213 70.4% 6.1%

Nearby Lenders in NM

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

NUSENDA FEDERAL CREDIT UNION

ALBUQUERQUE, NM

3,080 apps 1,930 originated 15.5% denied

KIRTLAND FEDERAL CREDIT UNION

ALBUQUERQUE, NM

787 apps 439 originated 27.4% denied

Sandia Area Federal Credit Uni

ALBUQUERQUE, NM

730 apps 425 originated 24.4% denied

U.S. Eagle Federal Credit Union

Albuquerque, NM

530 apps 352 originated 15.1% denied

Weststar Mortgage

Albuquerque, NM

520 apps 22 originated 0.2% denied
Compare SUNWARD vs NUSENDA FEDERAL CREDIT UNION →

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

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did SUNWARD process?
SUNWARD processed 2,310 mortgage applications in the 2023 HMDA reporting year. Of these, 1,464 were originated (approved and funded), 344 were withdrawn by the applicant, and 197 were denied.
What is SUNWARD's mortgage approval rate?
SUNWARD has an approval (origination) rate of 63.4%, meaning 63.4% of all applications resulted in a funded mortgage. The denial rate is 8.5%.
What is the average loan amount at SUNWARD?
The average mortgage loan amount at SUNWARD is $277,403. The average interest rate is 7.020%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at SUNWARD?
The most common reasons for mortgage denial at SUNWARD are: Debt-to-income ratio, Credit history, Other. In total, 197 applications were denied out of 2,310 total applications.
What types of mortgage loans does SUNWARD offer?
SUNWARD processes Conventional loans. The most common type is Conventional with 2,310 applications and an average loan amount of $277,403.
What loan purposes does SUNWARD serve?
SUNWARD serves the following loan purposes: Home Purchase (954 applications), Other (488 applications), Home Improvement (472 applications), Cash-out Refinancing (308 applications), Refinancing (88 applications). Home Purchase is the most common purpose.
Where is SUNWARD located?
SUNWARD is headquartered in ALBUQUERQUE, NM. The lender is identified by LEI 549300CIQ950OK0BS407 in HMDA data.
How does SUNWARD compare in lending across racial demographics?
SUNWARD reports demographic lending data under HMDA requirements. White applicants have an approval rate of 63.7% and denial rate of 8.5%; Asian applicants have an approval rate of 69.8% and denial rate of 3.9%; Joint applicants have an approval rate of 66.7% and denial rate of 5.8%. 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.