Pennymac Loan Services in Tennessee vs the state
11.2%Denial rate-5.92 pts vs state
18.2%Decision denial rate-3.48 pts vs state
48.1%Origination rate-9.95 pts vs state
6.00%Median rate-0.63 pts vs state
0.04Rate spread (pts)-0.19 pts vs state
$99kMedian applicant income
2,566Loans originated
598Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,660 | 1,194 | 13.5% | 6.00% | #23 |
| 2024 | 3,777 | 1,789 | 10.7% | 6.12% | #19 |
| 2025 | 5,331 | 2,566 | 11.2% | 6.00% | #9 |
What Pennymac Loan Services lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Where in Tennessee
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shelby County | 469 | 170 | 44 | 9.4% |
| Davidson County | 442 | 221 | 68 | 15.4% |
| Knox County | 405 | 193 | 41 | 10.1% |
| Montgomery County | 398 | 204 | 42 | 10.6% |
| Rutherford County | 318 | 163 | 32 | 10.1% |
| Hamilton County | 239 | 111 | 26 | 10.9% |
| Williamson County | 189 | 108 | 15 | 7.9% |
| Sumner County | 182 | 82 | 23 | 12.6% |
| Wilson County | 153 | 80 | 13 | 8.5% |
| Sevier County | 147 | 89 | 14 | 9.5% |
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% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
| Eastman Credit Union | D | 4,436 | 21.5% | 7.25% |
Frequently asked questions
Tennessee: 5,331 applications in 2025, of which 2,566 were originated and 598 denied.
11.2% of all applications, or 18.2% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans Pennymac Loan Services originated in Tennessee in 2025 was 6.00%, against a statewide median of 6.62%.
About this data. Figures are Pennymac Loan Services'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