Nmsi at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
99th0.0% deniedPricingmedian rate spread over APOR, weight 30%
48th0.26 ptsProcesswithdrawn + incomplete share, weight 15%
100th0.0%Closing coststotal loan costs ÷ loan amount, weight 10%
78th1.53% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,061 | 2,061 | 0.0% | 0.0% | 6.88% | $1.1B |
| 2024 | 3,297 | 3,297 | 0.0% | 0.0% | 6.88% | $1.9B |
| 2025 | 3,255 | 3,255 | 0.0% | 0.0% | 6.63% | $2.0B |
What Nmsi lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 368 investment properties.
Who gets approved at Nmsi
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 2,949 | 2,949 | 0.0% |
| $50k – $100k | 146 | 146 | 0.0% |
| $100k – $150k | 26 | 26 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 69 | 69 | 0.0% |
| 25–34 | 773 | 773 | 0.0% |
| 35–44 | 1,070 | 1,070 | 0.0% |
| 45–54 | 733 | 733 | 0.0% |
| 55–64 | 412 | 412 | 0.0% |
| 65–74 | 145 | 145 | 0.0% |
| Over 74 | 53 | 53 | 0.0% |
Where Nmsi lends
29 states and 287 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 2,145 | 2,145 | 0.0% | 6.75% | #98 |
| Colorado | 168 | 168 | 0.0% | 6.25% | #191 |
| Texas | 163 | 163 | 0.0% | 6.63% | #455 |
| Georgia | 124 | 124 | 0.0% | 6.63% | #307 |
| Washington | 96 | 96 | 0.0% | 6.50% | #241 |
| Florida | 94 | 94 | 0.0% | 6.88% | #495 |
| Illinois | 75 | 75 | 0.0% | 6.88% | #395 |
| Virginia | 60 | 60 | 0.0% | 6.75% | #348 |
| Maryland | 57 | 57 | 0.0% | 6.75% | #302 |
| New Jersey | 49 | 49 | 0.0% | 6.50% | #357 |
| Arizona | 40 | 40 | 0.0% | 6.69% | #340 |
| North Carolina | 33 | 33 | 0.0% | 6.63% | #454 |
| Tennessee | 31 | 31 | 0.0% | 6.63% | #474 |
| Oregon | 30 | 30 | 0.0% | 6.63% | #269 |
| Utah | 20 | 20 | 0.0% | 6.56% | #236 |
| Nevada | 18 | 18 | 0.0% | 6.69% | #280 |
| Michigan | 11 | 11 | 0.0% | 6.63% | #509 |
| Connecticut | 7 | 7 | 0.0% | 6.63% | #411 |
| South Carolina | 7 | 7 | 0.0% | 6.88% | #591 |
| Pennsylvania | 5 | 5 | 0.0% | 7.13% | #776 |
Frequently asked questions
Nmsi denied 0.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 99th percentile of mid-size mortgage lenders.
The median interest rate on loans Nmsi originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.26 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 68% of its applications were for home purchases, 32% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 93% conventional, 7% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.