Nqm Funding in Tennessee vs the state
14.6%Denial rate-2.51 pts vs state
15.4%Decision denial rate-6.30 pts vs state
75.6%Origination rate+17.53 pts vs state
7.13%Median rate+0.50 pts vs state
1.16Rate spread (pts)+0.93 pts vs state
$122kMedian applicant income
31Loans originated
6Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 33 | 20 | 21.2% | 7.94% | #451 |
| 2024 | 24 | 12 | 12.5% | 8.00% | #500 |
| 2025 | 41 | 31 | 14.6% | 7.13% | #439 |
What Nqm Funding lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Davidson County | 8 | 6 | 1 | 12.5% |
| Rutherford County | 6 | 4 | 1 | 16.7% |
| Sevier County | 3 | 1 | 1 | 33.3% |
| Knox County | 2 | 1 | 1 | 50.0% |
| Dickson County | 2 | 2 | 0 | 0.0% |
| Sumner County | 2 | 2 | 0 | 0.0% |
| Madison County | 2 | 1 | 1 | 50.0% |
| Shelby County | 2 | 2 | 0 | 0.0% |
| Lincoln County | 1 | 0 | 1 | 100.0% |
| Gibson County | 1 | 1 | 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: 41 applications in 2025, of which 31 were originated and 6 denied.
14.6% of all applications, or 15.4% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Nqm Funding originated in Tennessee in 2025 was 7.13%, against a statewide median of 6.62%.
About this data. Figures are Nqm Funding'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