Wall Street Mortgage Bankers at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
30th15.3% deniedPricingmedian rate spread over APOR, weight 30%
65th0.16 ptsProcesswithdrawn + incomplete share, weight 15%
9th26.5%Closing coststotal loan costs ÷ loan amount, weight 10%
51st1.89% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 710 | 382 | 14.5% | 20.8% | 7.88% | $275M |
| 2024 | 691 | 388 | 24.6% | 30.4% | 7.38% | $350M |
| 2025 | 676 | 417 | 11.2% | 15.3% | 6.63% | $431M |
What Wall Street Mortgage Bankers 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, 170 investment properties.
Why Wall Street Mortgage Bankers denies applications
Primary reason reported for each of the 76 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Wall Street Mortgage Bankers
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 31 | 19 | 5.0% |
| $100k – $150k | 57 | 31 | 24.4% |
| $150k – $250k | 122 | 71 | 20.0% |
| Over $250k | 360 | 222 | 13.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 125 | 79 | 16.8% |
| 35–44 | 241 | 156 | 12.2% |
| 45–54 | 142 | 76 | 23.8% |
| 55–64 | 85 | 60 | 6.2% |
| 65–74 | 55 | 29 | 23.7% |
| Over 74 | 23 | 12 | 7.7% |
Where Wall Street Mortgage Bankers lends
14 states and 84 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New York | 274 | 182 | 12.8% | 6.87% | #184 |
| California | 241 | 134 | 10.4% | 6.50% | #339 |
| New Jersey | 78 | 51 | 14.1% | 6.63% | #301 |
| Florida | 41 | 27 | 4.9% | 7.13% | #630 |
| Washington | 13 | 6 | 0.0% | 6.06% | #436 |
| Connecticut | 8 | 6 | 0.0% | 6.50% | #387 |
| Massachusetts | 5 | 3 | 20.0% | 6.00% | #518 |
| Texas | 5 | 2 | 20.0% | 7.00% | #1,084 |
Frequently asked questions
Wall Street Mortgage Bankers denied 15.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 30th percentile of small mortgage lenders.
The most common reason Wall Street Mortgage Bankers gave in 2025 was "debt-to-income ratio", cited on 27.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Wall Street Mortgage Bankers originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 60% of its applications were for home purchases, 40% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 98% conventional, 2% 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.