New Day Financial in Tennessee vs the state
21.5%Denial rate+4.36 pts vs state
48.7%Decision denial rate+27.03 pts vs state
20.5%Origination rate-37.59 pts vs state
6.99%Median rate+0.37 pts vs state
0.78Rate spread (pts)+0.55 pts vs state
$74kMedian applicant income
325Loans originated
341Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,248 | 226 | 23.6% | 7.49% | #51 |
| 2024 | 1,690 | 283 | 26.0% | 7.63% | #41 |
| 2025 | 1,586 | 325 | 21.5% | 6.99% | #48 |
What New Day Financial lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 153 | 33 | 29 | 19.0% |
| Shelby County | 149 | 24 | 37 | 24.8% |
| Knox County | 72 | 20 | 14 | 19.4% |
| Rutherford County | 67 | 5 | 17 | 25.4% |
| Davidson County | 67 | 9 | 16 | 23.9% |
| Hamilton County | 62 | 15 | 19 | 30.6% |
| Madison County | 43 | 10 | 13 | 30.2% |
| Sullivan County | 38 | 4 | 13 | 34.2% |
| Sumner County | 36 | 3 | 12 | 33.3% |
| Wilson County | 32 | 8 | 5 | 15.6% |
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: 1,586 applications in 2025, of which 325 were originated and 341 denied.
21.5% of all applications, or 48.7% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans New Day Financial originated in Tennessee in 2025 was 6.99%, against a statewide median of 6.62%.
About this data. Figures are New Day Financial'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