PlainLender

Enrichment Federal Credit Unio

OAK RIDGE, TN

Enrichment Federal Credit Unio processed 192 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 152 loans with a 5.7% denial rate. Cash-out Refinancing was the primary loan purpose. Based in OAK RIDGE, TN. The approval rate of 79.2% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Enrichment Federal Credit Unio's 79.2% origination rate tells you how often an application turned into funded money; the 5.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (192 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

192
Applications
152
Originated
5.7%
Denial Rate
$202,292
Avg Loan Amount
Avg Interest Rate: 6.807% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 192 152 11 $202,292

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Enrichment Federal Credit Unio (LEI: 549300LCT0EFT83E5873) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
9
Credit history
7
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 75 69 $139,933
Home Purchase 68 48 $316,324
Other 26 16 $113,846
Refinancing 12 11 $263,333
Home Improvement 11 8 $65,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 166 79.5% 5.4%
Black or African American * 12 75.0% 8.3%
Asian * 2 100.0% 0.0%
Joint * 2 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 177 79.1% 5.1%
Joint * 9 77.8% 22.2%
Hispanic or Latino * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in TN

Other HMDA-reporting lenders in TN with similar activity. Compare any two side-by-side.

21st Mortgage

KNOXVILLE, TN

173,573 apps 30,274 originated 44.1% denied

Vanderbilt Mortgage and Finance, INC

MARYVILLE, TN

124,520 apps 20,306 originated 42.7% denied

FIRSTBANK

LEXINGTON, TN

21,086 apps 6,413 originated 43.2% denied

First Community Mortgage

MURFREESBORO, TN

13,521 apps 10,523 originated 6.2% denied

First Horizon Bank

MEMPHIS, TN

13,326 apps 7,808 originated 21.7% denied
Compare Enrichment Federal Credit Unio vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Enrichment Federal Credit Unio process?
Enrichment Federal Credit Unio processed 192 mortgage applications in the 2024 HMDA reporting year. Of these, 152 were originated (approved and funded), 4 were withdrawn by the applicant, and 11 were denied.
What is Enrichment Federal Credit Unio's mortgage approval rate?
Enrichment Federal Credit Unio has an approval (origination) rate of 79.2%, meaning 79.2% of all applications resulted in a funded mortgage. The denial rate is 5.7%.
What is the average loan amount at Enrichment Federal Credit Unio?
The average mortgage loan amount at Enrichment Federal Credit Unio is $202,292. The average interest rate is 6.807%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Enrichment Federal Credit Unio?
The most common reasons for mortgage denial at Enrichment Federal Credit Unio are: Debt-to-income ratio, Credit history, Employment history. In total, 11 applications were denied out of 192 total applications.
What types of mortgage loans does Enrichment Federal Credit Unio offer?
Enrichment Federal Credit Unio processes Conventional loans. The most common type is Conventional with 192 applications and an average loan amount of $202,292.
What loan purposes does Enrichment Federal Credit Unio serve?
Enrichment Federal Credit Unio serves the following loan purposes: Cash-out Refinancing (75 applications), Home Purchase (68 applications), Other (26 applications), Refinancing (12 applications), Home Improvement (11 applications). Cash-out Refinancing is the most common purpose.
Where is Enrichment Federal Credit Unio located?
Enrichment Federal Credit Unio is headquartered in OAK RIDGE, TN. The lender is identified by LEI 549300LCT0EFT83E5873 in HMDA data.
How does Enrichment Federal Credit Unio compare in lending across racial demographics?
Enrichment Federal Credit Unio reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.5% and denial rate of 5.4%; Black or African American applicants have an approval rate of 75.0% and denial rate of 8.3%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.