Applications / Mortgage Analytics / Lenders / California / Change Lending
Irvine, CA · Independent non-bank lender · CFPB · 8,804 loans in 2025
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8,804
loans originated, 2025
14,858
applications, 2025
48
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Change Lending is a conventional, larger-loan lender centred on California that grew 63% in 2025, faster than nearly nine in ten similar lenders.
Change Lending made 8,804 loans in 2025, up from 5,407, faster than nearly nine in ten similar lenders (independent non-bank lenders making between half and twice as many loans), whose loans grew 13%; the whole market grew 10%. It made 18,654 in 2020. Purchases were 68.2% of its lending.
12.3% of its loans were jumbo (larger than the conforming limit), against 1.2% at similar lenders, higher than nearly all of them; its typical loan was $365,000 against $305,000. Conventional loans were 89.5% of its lending, and FHA loans (insured by the Federal Housing Administration) only 8.0%, against 25.0%.
Low- and moderate-income (LMI) borrowers took 12.3% of its loans, against 30.0% at similar lenders, among the lowest twentieth. Its larger loans and few FHA loans are possible reasons. Yet 43.6% of its loans were in majority-minority tracts, more than about nine in ten similar lenders, which may reflect its largest markets, Los Angeles, San Francisco and Miami.
Its share in San Diego-Chula Vista-Carlsbad rose from 0.3% to 0.6%, ranking 32 of 639 lenders. It also bought 283 loans in 2025, after none in 2024.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Change Lending took 14,858 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 68.2% · Refinance 31.7% · Home improvement 0.2%
Conventional 89.5% · FHA 8.0% · VA 2.4% · USDA (RHS or FSA) 0.1% · of 8,804 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 2,752 | 31.3% |
| Florida | 1,313 | 14.9% |
| Texas | 1,230 | 14.0% |
| New Jersey | 438 | 5.0% |
| Colorado | 244 | 2.8% |
| Arizona | 210 | 2.4% |
| Michigan | 195 | 2.2% |
| North Carolina | 195 | 2.2% |
| Virginia | 193 | 2.2% |
| Tennessee | 172 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| El Paso | 636 |
| Los Angeles-Long Beach-Glendale | 600 |
| Visalia | 294 |
| Riverside-San Bernardino-Ontario | 274 |
| Oakland-Fremont-Berkeley | 253 |
| Houston-Pasadena-The Woodlands | 223 |
| San Diego-Chula Vista-Carlsbad | 200 |
| Anaheim-Santa Ana-Irvine | 190 |
| Orlando-Kissimmee-Sanford | 154 |
| Phoenix-Mesa-Chandler | 142 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493004AS1SPBQOFDR49 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2269838 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7680295876 | |
| Respondent ID (the HMDA filer code before 2018) | 77858400006 | 1999–2009 |
| Respondent ID (the HMDA filer code before 2018) | 22269838 | 2010–2011 |
Established 29 January 1993. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: Change Lending's data.
Change Lending's data
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Change Lending and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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