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Wall Street Mortgage Bankers, LTD. Dba Power Exp

GREAT NECK, NY

Wall Street Mortgage Bankers, LTD. Dba Power Exp processed 691 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 388 loans with a 24.6% denial rate. Home Purchase was the primary loan purpose. Based in GREAT NECK, NY. The approval rate of 56.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Wall Street Mortgage Bankers, LTD. Dba Power Exp's 56.2% origination rate tells you how often an application turned into funded money; the 24.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Collateral, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (679 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.

691
Applications
388
Originated
24.6%
Denial Rate
$923,119
Avg Loan Amount
Avg Interest Rate: 7.359% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 679 381 166 $930,464
FHA 12 7 4 $507,500

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Wall Street Mortgage Bankers, LTD. Dba Power Exp (LEI: 549300E4YLQ3BVQ4GW30) · 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

Other
93
Collateral
30
Debt-to-income ratio
17
Credit history
16
Credit application incomplete
5
Unverifiable information
4
Employment history
4
Insufficient cash
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 406 254 $912,709
Cash-out Refinancing 211 92 $881,967
Refinancing 74 42 $1,097,568

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 321 57.6% 22.4%
Asian 106 62.3% 21.7%
Black or African American * 43 41.9% 44.2%
Joint * 4 75.0% 0.0%
2 or more minority races * 2 100.0% 0.0%
American Indian or Alaska Native * 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 449 57.0% 24.5%
Hispanic or Latino * 30 53.3% 20.0%
Joint * 5 60.0% 0.0%

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

Nearby Lenders in 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 Wall Street Mortgage Bankers, LTD. Dba Power Exp vs Citibank, NA →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Wall Street Mortgage Bankers, LTD. Dba Power Exp process?
Wall Street Mortgage Bankers, LTD. Dba Power Exp processed 691 mortgage applications in the 2024 HMDA reporting year. Of these, 388 were originated (approved and funded), 130 were withdrawn by the applicant, and 170 were denied.
What is Wall Street Mortgage Bankers, LTD. Dba Power Exp's mortgage approval rate?
Wall Street Mortgage Bankers, LTD. Dba Power Exp has an approval (origination) rate of 56.2%, meaning 56.2% of all applications resulted in a funded mortgage. The denial rate is 24.6%.
What is the average loan amount at Wall Street Mortgage Bankers, LTD. Dba Power Exp?
The average mortgage loan amount at Wall Street Mortgage Bankers, LTD. Dba Power Exp is $923,119. The average interest rate is 7.359%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Wall Street Mortgage Bankers, LTD. Dba Power Exp?
The most common reasons for mortgage denial at Wall Street Mortgage Bankers, LTD. Dba Power Exp are: Other, Collateral, Debt-to-income ratio. In total, 170 applications were denied out of 691 total applications.
What types of mortgage loans does Wall Street Mortgage Bankers, LTD. Dba Power Exp offer?
Wall Street Mortgage Bankers, LTD. Dba Power Exp processes Conventional, FHA loans. The most common type is Conventional with 679 applications and an average loan amount of $930,464.
What loan purposes does Wall Street Mortgage Bankers, LTD. Dba Power Exp serve?
Wall Street Mortgage Bankers, LTD. Dba Power Exp serves the following loan purposes: Home Purchase (406 applications), Cash-out Refinancing (211 applications), Refinancing (74 applications). Home Purchase is the most common purpose.
Where is Wall Street Mortgage Bankers, LTD. Dba Power Exp located?
Wall Street Mortgage Bankers, LTD. Dba Power Exp is headquartered in GREAT NECK, NY. The lender is identified by LEI 549300E4YLQ3BVQ4GW30 in HMDA data.
How does Wall Street Mortgage Bankers, LTD. Dba Power Exp compare in lending across racial demographics?
Wall Street Mortgage Bankers, LTD. Dba Power Exp reports demographic lending data under HMDA requirements. White applicants have an approval rate of 57.6% and denial rate of 22.4%; Asian applicants have an approval rate of 62.3% and denial rate of 21.7%; Black or African American applicants have an approval rate of 41.9% and denial rate of 44.2%. 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.