Newrez in Tennessee vs the state
16.8%Denial rate-0.34 pts vs state
31.4%Decision denial rate+9.76 pts vs state
36.0%Origination rate-22.07 pts vs state
6.25%Median rate-0.37 pts vs state
0.12Rate spread (pts)-0.11 pts vs state
$90kMedian applicant income
1,361Loans originated
635Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,691 | 556 | 21.5% | 6.63% | #38 |
| 2024 | 2,466 | 871 | 19.3% | 6.38% | #28 |
| 2025 | 3,780 | 1,361 | 16.8% | 6.25% | #17 |
What Newrez lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 491 | 112 | 138 | 28.1% |
| Knox County | 302 | 130 | 47 | 15.6% |
| Montgomery County | 291 | 126 | 32 | 11.0% |
| Davidson County | 284 | 104 | 42 | 14.8% |
| Rutherford County | 194 | 55 | 34 | 17.5% |
| Hamilton County | 181 | 58 | 28 | 15.5% |
| Williamson County | 137 | 46 | 17 | 12.4% |
| Sumner County | 127 | 32 | 25 | 19.7% |
| Blount County | 115 | 72 | 7 | 6.1% |
| Sevier County | 102 | 52 | 13 | 12.7% |
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: 3,780 applications in 2025, of which 1,361 were originated and 635 denied.
16.8% of all applications, or 31.4% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Newrez originated in Tennessee in 2025 was 6.25%, against a statewide median of 6.62%.
About this data. Figures are Newrez'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