Applications / Mortgage Analytics / Lenders / New York / Summit Mortgage Bankers
New York, NY · Independent non-bank lender · CFPB · 468 loans in 2025
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468
loans originated, 2025
543
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Summit Mortgage Bankers, a New York mortgage company, makes large conventional loans, more than half of them in majority-minority neighborhoods.
Its typical loan is $525,000, against $330,000 at similar lenders (independent non-bank lenders making between half and twice as many loans), higher than about nine in ten of them. Every loan it made was conventional; it makes no government-backed loans. So although its 468 loans put it near the middle of its peers by count, its $275.6 million in lending is more than about three in four of them made.
It made 57.0% of its loans in majority-minority neighborhoods, against 25.9% at the typical peer. That share has been above half in each of the years shown. Its business sits mainly in the New York and California metro areas, which may account for much of it.
Only 11.5% of its loans went to low- and moderate-income (LMI) borrowers, about half its peers' 24.3%. Its large loans and the absence of government-backed lending, which often serves buyers with smaller incomes, may explain much of the gap. Its share of loans in LMI neighborhoods, 16.4%, is close to peers'.
Its loans fell 3% in 2025, while similar lenders grew 2% and the whole market 10%. None of its loans was higher-priced (a rate well above the average for similar loans), against 1.5% at the typical peer. It denied 2.3% of first-lien home-purchase applications on owner-occupied homes, a little below its peers' 3.0%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Summit Mortgage Bankers took 543 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 74.8% · Refinance 25.2%
Conventional 100.0% · of 468 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 | 260 | 55.6% |
| California | 120 | 25.6% |
| New Jersey | 82 | 17.5% |
| Texas | 3 | 0.6% |
| Florida | 2 | 0.4% |
| Massachusetts | 1 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 202 |
| Nassau County-Suffolk County | 72 |
| Los Angeles-Long Beach-Glendale | 46 |
| Lakewood-New Brunswick | 31 |
| Riverside-San Bernardino-Ontario | 24 |
| Newark | 19 |
| Anaheim-Santa Ana-Irvine | 18 |
| San Jose-Sunnyvale-Santa Clara | 11 |
| Oakland-Fremont-Berkeley | 9 |
| Trenton-Princeton | 4 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300QPD4M26VIOFU53 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3871434 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7133654244 |
Established 2 March 1992. Reported under HMDA 2005-2025.
Mergers, name changes, data editions and corrections: Summit Mortgage Bankers's data.
Summit Mortgage Bankers's data
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Summit Mortgage Bankers 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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