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Vanderbilt Mortgage and Finance, INC

MARYVILLE, TN

Vanderbilt Mortgage and Finance, INC processed 124,520 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 20,306 loans with a 42.7% denial rate. Home Purchase was the primary loan purpose. Based in MARYVILLE, TN. The approval rate of 16.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Vanderbilt Mortgage and Finance, INC's 16.3% origination rate tells you how often an application turned into funded money; the 42.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Unverifiable information, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (120,046 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.

124,520
Applications
20,306
Originated
42.7%
Denial Rate
$136,987
Avg Loan Amount
Avg Interest Rate: 8.482% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 120,046 16,906 52,984 $129,803
FHA 3,092 2,286 113 $319,748
VA 1,290 1,055 22 $358,070
USDA 92 59 3 $269,022

Top loan types - Vanderbilt Mortgage and Finance, INC

Top loan types - Vanderbilt Mortgage and Finance, INC Horizontal bar chart of the top 4 items by value (applications). Top loan types - Vanderbilt Mortgage and Finance, INC Top 4 1. Conventional 120,046 2. FHA 3,092 3. VA 1,290 4. USDA 92 Top 5 loan types by application volume at Vanderbilt Mortgage and Finance, INC (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Vanderbilt Mortgage and Finance, INC (LEI: 5493000YNV8IX4VD3X12) · 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

Credit history
27,993
Unverifiable information
17,848
Debt-to-income ratio
9,613
Employment history
2,278
Other
1,450
Credit application incomplete
1,269
Insufficient cash
35
Collateral
27

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 123,615 20,057 $136,339
Cash-out Refinancing 373 219 $312,373
Refinancing 68 30 $1,049,265

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 75,077 17.0% 41.0%
Black or African American 22,000 11.5% 51.0%
Joint 3,300 13.9% 46.0%
American Indian or Alaska Native 2,814 9.8% 51.7%
Asian 1,148 38.9% 29.3%
2 or more minority races 530 8.5% 62.3%
Native Hawaiian or Other Pacific Islander 173 8.1% 52.0%

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 76,262 16.8% 42.5%
Hispanic or Latino 17,934 12.4% 49.7%
Joint 2,615 16.5% 46.0%

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

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

Churchill Mortgage Corporation

BRENTWOOD, TN

11,563 apps 6,259 originated 4.0% denied
Compare Vanderbilt Mortgage and Finance, INC vs 21st Mortgage →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Vanderbilt Mortgage and Finance, INC process?
Vanderbilt Mortgage and Finance, INC processed 124,520 mortgage applications in the 2024 HMDA reporting year. Of these, 20,306 were originated (approved and funded), 4,053 were withdrawn by the applicant, and 53,122 were denied.
What is Vanderbilt Mortgage and Finance, INC's mortgage approval rate?
Vanderbilt Mortgage and Finance, INC has an approval (origination) rate of 16.3%, meaning 16.3% of all applications resulted in a funded mortgage. The denial rate is 42.7%.
What is the average loan amount at Vanderbilt Mortgage and Finance, INC?
The average mortgage loan amount at Vanderbilt Mortgage and Finance, INC is $136,987. The average interest rate is 8.482%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Vanderbilt Mortgage and Finance, INC?
The most common reasons for mortgage denial at Vanderbilt Mortgage and Finance, INC are: Credit history, Unverifiable information, Debt-to-income ratio. In total, 53,122 applications were denied out of 124,520 total applications.
What types of mortgage loans does Vanderbilt Mortgage and Finance, INC offer?
Vanderbilt Mortgage and Finance, INC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 120,046 applications and an average loan amount of $129,803.
What loan purposes does Vanderbilt Mortgage and Finance, INC serve?
Vanderbilt Mortgage and Finance, INC serves the following loan purposes: Home Purchase (123,615 applications), Cash-out Refinancing (373 applications), Refinancing (68 applications). Home Purchase is the most common purpose.
Where is Vanderbilt Mortgage and Finance, INC located?
Vanderbilt Mortgage and Finance, INC is headquartered in MARYVILLE, TN. The lender is identified by LEI 5493000YNV8IX4VD3X12 in HMDA data.
How does Vanderbilt Mortgage and Finance, INC compare in lending across racial demographics?
Vanderbilt Mortgage and Finance, INC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 17.0% and denial rate of 41.0%; Black or African American applicants have an approval rate of 11.5% and denial rate of 51.0%; Joint applicants have an approval rate of 13.9% and denial rate of 46.0%. 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.