Applications / Mortgage Analytics / Lenders / New York / Loan Funder
New York, NY · Non-bank or government lender · CFPB · 9,296 loans in 2025
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9,296
loans originated, 2025
20,275
applications, 2025
45
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Loan Funder, a New York-based lender that first reported in 2023, makes only conventional loans across 45 states, mostly in LMI and majority-minority areas.
It first reported under HMDA in 2023, with 6,272 loans, rose to 10,690 in 2024 and made 9,296 in 2025, a fall of 13% while similar lenders (non-bank or government lenders making between a quarter and four times as many loans) grew 29%. With only three years of reports, one year's change says little about its direction.
All its loans were conventional, as at its peers, with 57.6% for home purchases and 42.4% for refinancing. No share of loans to low- and moderate-income borrowers is available for it, so that lending cannot be set against peers'.
It made 53.7% of its loans in LMI (low- and moderate-income) areas, against 28.6% at similar lenders, more than about nine in ten of them, and 57.9% in majority-minority areas, against 43.2%, more than about four in five.
It lends in 288 metros and 716 counties. Its largest markets are New York, Chicago, Hartford, Philadelphia and Los Angeles, all entered in 2023. In 2025 it entered Minneapolis-St. Paul, Bremerton and Napa.
Questions the data can answer next
Similar lenders: same lender type, originations between a quarter and four times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2023–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Loan Funder took 20,275 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 57.6% · Refinance 42.4%
Conventional 100.0% · of 9,296 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 |
|---|---|---|
| New York | 1,687 | 18.1% |
| New Jersey | 1,215 | 13.1% |
| Illinois | 1,106 | 11.9% |
| Ohio | 564 | 6.1% |
| Pennsylvania | 540 | 5.8% |
| Florida | 432 | 4.6% |
| Connecticut | 324 | 3.5% |
| Georgia | 317 | 3.4% |
| Texas | 281 | 3.0% |
| Indiana | 258 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 941 |
| Nassau County-Suffolk County | 724 |
| New York-Jersey City-White Plains | 710 |
| Newark | 308 |
| Cleveland | 306 |
| Philadelphia | 260 |
| Lakewood-New Brunswick | 249 |
| Atlanta-Sandy Springs-Roswell | 167 |
| Trenton-Princeton | 165 |
| Kansas City | 163 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900RUCO27MVGTO768 | 2023–2025 |
Established 20 July 2015. Reported under HMDA 2023-2025.
Mergers, name changes, data editions and corrections: Loan Funder's data.
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