Cake Mortgage in Tennessee vs the state
9.1%Denial rate-8.05 pts vs state
12.5%Decision denial rate-9.18 pts vs state
63.6%Origination rate+5.56 pts vs state
7.06%Median rate+0.43 pts vs state
0.82Rate spread (pts)+0.59 pts vs state
$157kMedian applicant income
14Loans originated
2Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 14 | 6 | 28.6% | 5.88% | #562 |
| 2024 | 12 | 5 | 16.7% | 6.63% | #585 |
| 2025 | 22 | 14 | 9.1% | 7.06% | #526 |
What Cake Mortgage lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Williamson County | 7 | 5 | 0 | 0.0% |
| Knox County | 5 | 4 | 0 | 0.0% |
| Dickson County | 1 | 1 | 0 | 0.0% |
| Maury County | 1 | 1 | 0 | 0.0% |
| Lawrence County | 1 | 0 | 0 | 0.0% |
| Madison County | 1 | 1 | 0 | 0.0% |
| Loudon County | 1 | 0 | 1 | 100.0% |
| Shelby County | 1 | 0 | 0 | 0.0% |
| Giles County | 1 | 0 | 1 | 100.0% |
| Hamilton County | 1 | 0 | 0 | 0.0% |
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 22 applications in 2025, of which 14 were originated and 2 denied.
9.1% of all applications, or 12.5% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Cake Mortgage originated in Tennessee in 2025 was 7.06%, against a statewide median of 6.62%.
About this data. Figures are Cake Mortgage's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology