Mortgage Research Center in Tennessee vs the state
17.3%Denial rate+0.16 pts vs state
26.1%Decision denial rate+4.42 pts vs state
48.4%Origination rate-9.69 pts vs state
6.25%Median rate-0.37 pts vs state
-0.30Rate spread (pts)-0.53 pts vs state
$94kMedian applicant income
3,178Loans originated
1,136Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,591 | 2,592 | 12.7% | 6.63% | #13 |
| 2024 | 5,215 | 2,834 | 14.8% | 6.25% | #7 |
| 2025 | 6,568 | 3,178 | 17.3% | 6.25% | #5 |
What Mortgage Research Center lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 1,285 | 793 | 151 | 11.8% |
| Shelby County | 460 | 210 | 104 | 22.6% |
| Knox County | 326 | 138 | 57 | 17.5% |
| Hamilton County | 261 | 114 | 44 | 16.9% |
| Davidson County | 192 | 71 | 39 | 20.3% |
| Rutherford County | 185 | 69 | 39 | 21.1% |
| Sumner County | 180 | 65 | 31 | 17.2% |
| Sullivan County | 177 | 87 | 25 | 14.1% |
| Blount County | 137 | 74 | 24 | 17.5% |
| Washington County | 125 | 53 | 14 | 11.2% |
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% |
| 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% |
| Eastman Credit Union | D | 4,436 | 21.5% | 7.25% |
Frequently asked questions
Tennessee: 6,568 applications in 2025, of which 3,178 were originated and 1,136 denied.
17.3% of all applications, or 26.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Mortgage Research Center originated in Tennessee in 2025 was 6.25%, against a statewide median of 6.62%.
About this data. Figures are Mortgage Research Center'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