Fay Servicing · Tennessee · 2025

Fay Servicing in Tennessee: approval rate, denial rate and rates (2025)

Fay Servicing took 18 mortgage applications in Tennessee in 2025, ranking #551 of 1,274 lenders active in the state. It originated 0.0% of them and denied 27.8% (83.3% of the applications it decided), against a statewide denial rate of 17.1%.

18Applicationsin TN
83.3%Decision denial ratestate 21.7%
Median ratestate 6.62%
$200,000Median loanstate $225,000
$0Volume12 counties

Fay Servicing in Tennessee vs the state

27.8%Denial rate+10.64 pts vs state
83.3%Decision denial rate+61.65 pts vs state
0.0%Origination rate-58.08 pts vs state
Median rate
Rate spread (pts)
$90kMedian applicant income
0Loans originated
5Denied

What Fay Servicing lends in Tennessee

By loan purpose

Refinance 13 72% · 23.1% denied
Cash-out refinance 5 28% · 40.0% denied

By loan type

Conventional 16 89% · 18.8% denied
FHA 2 11% · 100.0% denied

Why it denied Tennessee applicants

Credit history 3 60%
Collateral 1 20%
Debt-to-income ratio 1 20%

Where in Tennessee

Counties with the most Fay Servicing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rutherford County 402 50.0%
Shelby County 301 33.3%
Hamilton County 200 0.0%
Coffee County 100 0.0%
Williamson County 101 100.0%
Washington County 100 0.0%
Obion County 100 0.0%
Knox County 100 0.0%
Putnam County 100 0.0%
Bradley County 100 0.0%

Other large lenders in Tennessee

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,50317.3%6.50%
United Shore Financial ServicesB 12,45810.9%6.12%
Regions BankC 11,24736.5%4.99%
Vanderbilt Mortgage and FinanceF 9,64935.8%8.75%
Mortgage Research CenterC 6,56817.3%6.25%
FirstBankC 5,67714.5%6.88%
CMG MortgageA 5,6432.9%6.50%
Freedom MortgageB 5,4938.0%6.25%
Pennymac Loan ServicesC 5,33111.2%6.00%
Mortgage Investors GroupB 4,4543.5%6.50%

Frequently asked questions

Tennessee: 18 applications in 2025, of which 0 were originated and 5 denied.

27.8% of all applications, or 83.3% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Fay Servicing'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