Applications / Mortgage Analytics / Lenders / Rhode Island / Washington Trust Mortgage Company
Westerly, RI · Non-bank subsidiary of a bank · CFPB · 678 loans in 2025
Washington Trust Mortgage Company's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
678
loans originated, 2025
1,050
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Washington Trust Mortgage Company makes larger loans than most similar lenders, and in 2025 it grew 18%, faster than its peers and the market.
Similar lenders are non-bank subsidiaries of banks making between half and twice as many loans; there are only 11, so comparisons are rough. Its typical loan was $485,000, against $255,000 at peers. Jumbo loans, larger than the conforming limit, made up 14.9% of its lending, the highest share in the group. Every loan was conventional.
Borrowers with low or moderate incomes took 17.4% of its loans, against 29.9% at peers, the lowest share in the group. Its loan sizes suggest one possible reason: larger loans tend to go to higher earners. The share has not moved since 2020.
Its share rose to 0.5% from 0.3% in both Providence-Warwick and Worcester, where it ranks 58 of 475 and 50 of 451 lenders. Citizens Bank leads in Providence and Rocket Mortgage in Worcester. Its largest market is the Boston area, where it ranks 50 of 664.
It made 678 loans in 2025, up 18%, against 2% for the typical peer and 10% for the whole market. That follows a long fall from 2,398 loans in 2020 to 577 in 2024. Purchases made up 73.6% of its lending.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Washington Trust Mortgage Company took 1,050 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 73.6% · Refinance 24.5% · Other 1.6% · Home improvement 0.3%
Conventional 100.0% · of 678 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 |
|---|---|---|
| Massachusetts | 464 | 68.4% |
| Connecticut | 110 | 16.2% |
| Rhode Island | 85 | 12.5% |
| New Hampshire | 19 | 2.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 186 |
| Boston | 159 |
| Providence-Warwick | 117 |
| Worcester | 74 |
| Hartford-West Hartford-East Hartford | 72 |
| Norwich-New London-Willimantic | 15 |
| Barnstable Town | 8 |
| New Haven | 8 |
| Bridgeport-Stamford-Danbury | 6 |
| Manchester-Nashua | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300L0OVX5O63S8C68 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4462361 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 3454889921 |
Established 28 March 2012. Reported under HMDA 2013-2025.
Mergers, name changes, data editions and corrections: Washington Trust Mortgage Company's data.
Washington Trust Mortgage Company's data
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Washington Trust Mortgage Company 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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