Applications / Mortgage Analytics / Lenders / California / Equity Wave Lending
Irvine, CA · Non-bank or government lender · CFPB · 234 loans in 2025
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234
loans originated, 2025
375
applications, 2025
8
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Equity Wave Lending is a small California refinance lender whose loans are much smaller than its peers' and go more often to majority-minority neighborhoods.
Refinances made up 92.3% of its 234 loans in 2025, and every loan was conventional, with none government-backed. Its typical loan was $225,000, against $405,000 at similar lenders, non-bank lenders making between half and twice as many loans. That puts it among the lowest tenth. The typical loan has been $225,000 in 2020, 2024 and 2025 alike.
Of its loans, 57.3% went to majority-minority neighborhoods, against 33.0% at similar lenders, a higher share than at nine in ten of them. The share was 63.7% in 2024. Its lending centers on California, with Los Angeles-Long Beach-Anaheim its largest market.
Its loans have stayed between 169 and 302 a year since 2018. In 2025 they fell 17%, to 234, while similar lenders grew 6%; that is lower than about four in five of them. At this size a few dozen loans make that difference.
In 2025 it entered Urban Honolulu, Houston-Pasadena-The Woodlands and Denver-Aurora-Centennial. Its share rounds to 0.0% in every market shown; in Los Angeles-Long Beach-Anaheim it ranks 248 of 757.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Equity Wave Lending took 375 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 92.3% · Purchase 7.7%
Conventional 100.0% · of 234 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 | 214 | 91.5% |
| Florida | 10 | 4.3% |
| Colorado | 2 | 0.9% |
| Georgia | 2 | 0.9% |
| Hawaii | 2 | 0.9% |
| Texas | 2 | 0.9% |
| Tennessee | 1 | 0.4% |
| Washington | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 75 |
| Anaheim-Santa Ana-Irvine | 44 |
| Riverside-San Bernardino-Ontario | 27 |
| San Diego-Chula Vista-Carlsbad | 17 |
| Oakland-Fremont-Berkeley | 14 |
| San Jose-Sunnyvale-Santa Clara | 8 |
| Oxnard-Thousand Oaks-Ventura | 4 |
| Miami-Miami Beach-Kendall | 3 |
| Sacramento-Roseville-Folsom | 3 |
| San Francisco-San Mateo-Redwood City | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300RC1JITZLHVLH66 | 2018–2025 |
Established 7 June 2010. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: Equity Wave Lending's data.
Equity Wave Lending's data
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Equity Wave 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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