Lenders › Mortgage Research Center
Mortgage Research Center
HMDA reporter, headquartered in Columbia, Missouri. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Mortgage Research Center reported 147,455 mortgage applications under the Home Mortgage Disclosure Act for 2024 in 51 states, of which 73,759 became loans it originated, for $23bn in total.
Its denial rate, the share of decided applications the lender denied, was 24.0%, close to the national rate of 24.3% and below the Texas rate of 26.0%. 38,037 applications were withdrawn by the applicant and 11,037 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was -0.1 percentage points (national median 0.3); 0.8% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (82%) and refinancing (15%); by loan type, VA (92%) and conventional (4%).
The largest volumes were in Texas (6,431 originations), Florida (5,035 originations) and North Carolina (4,358 originations).
Applications were up 18% on 2023.
Compared with Texas and the nation
| Measure | This lender | Texas, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 24.0% | 26.0% | 24.3% |
| Median rate spread, percentage points | -0.1 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.8% | 11.8% | 15.6% |
| Average originated loan | $315k | $350k | $329k |
| Home purchase share of originations | 81.8% | 72.8% | 57.0% |
| FHA-insured share of originations | 2.9% | 19.8% | 13.4% |
| VA-guaranteed share of originations | 92.4% | 10.4% | 7.9% |
| Applications withdrawn by applicant | 25.8% | 15.5% | 14.3% |
Texas is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderTexasUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 85,029 |
| 2019 | — | — | — | — | — | 122,855 |
| 2020 | — | — | — | — | — | 168,005 |
| 2021 | — | — | — | — | — | 223,183 |
| 2022 | 160,403 | 79,430 | $24bn | 22.6% | 0.4 | 160,679 |
| 2023 | 125,000 | 62,413 | $19bn | 23.3% | 0.2 | 125,293 |
| 2024 | 147,455 | 73,759 | $23bn | 24.0% | -0.1 | 147,700 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 82% (60,352)Refinancing 15% (10,869)Cash-out refinancing 3% (2,538)
By type
Conventional 4% (3,308)FHA 3% (2,139)VA 92% (68,183)USDA 0% (129)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 11,267 | 3,308 | 3,010 | 26.7% |
| FHA-insured | 4,838 | 2,139 | 994 | 20.5% |
| VA-guaranteed | 131,084 | 68,183 | 19,505 | 14.9% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 266 | 129 | 55 | 20.7% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 73,759 | 49.9% |
| 2 Application approved but not accepted | 1,058 | 0.7% |
| 3 Application denied | 23,564 | 16.0% |
| 4 Application withdrawn by applicant | 38,037 | 25.8% |
| 5 File closed for incompleteness | 11,037 | 7.5% |
| 6 Purchased loan | 43 | 0.0% |
| 7 Preapproval request denied | 43 | 0.0% |
| 8 Preapproval request approved but not accepted | 159 | 0.1% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 23,564 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| Texas | 12,689 | 6,431 | $2.0bn | 22.0% | -0.2 |
| Florida | 11,814 | 5,035 | $1.8bn | 29.4% | -0.2 |
| North Carolina | 8,562 | 4,358 | $1.3bn | 22.7% | -0.0 |
| Georgia | 8,048 | 3,944 | $1.2bn | 25.1% | -0.1 |
| Virginia | 7,241 | 3,825 | $1.4bn | 21.1% | -0.1 |
| Ohio | 6,053 | 3,198 | $784m | 21.9% | -0.0 |
| Tennessee | 5,215 | 2,834 | $937m | 21.2% | -0.2 |
| Illinois | 5,111 | 2,729 | $712m | 22.5% | -0.0 |
| California | 4,812 | 2,038 | $1.0bn | 29.6% | -0.3 |
| Missouri | 4,775 | 2,559 | $654m | 21.2% | -0.0 |
| Pennsylvania | 4,533 | 2,308 | $603m | 25.1% | 0.0 |
| South Carolina | 4,411 | 2,111 | $638m | 25.6% | -0.1 |
| Alabama | 4,110 | 2,147 | $587m | 22.1% | -0.0 |
| Michigan | 4,004 | 2,013 | $510m | 25.4% | -0.0 |
| Indiana | 3,943 | 2,186 | $544m | 22.4% | -0.1 |
| Oklahoma | 3,528 | 1,885 | $474m | 21.9% | -0.0 |
| Kentucky | 3,178 | 1,646 | $428m | 21.4% | -0.0 |
| Arizona | 2,829 | 1,269 | $453m | 27.3% | -0.2 |
| Maryland | 2,792 | 1,273 | $538m | 26.2% | -0.2 |
| Washington | 2,721 | 1,322 | $609m | 23.4% | -0.3 |
| Colorado | 2,469 | 1,198 | $521m | 23.1% | -0.3 |
| Wisconsin | 2,456 | 1,426 | $398m | 20.8% | -0.0 |
| Arkansas | 2,348 | 1,142 | $283m | 25.1% | -0.0 |
| Mississippi | 2,210 | 1,063 | $270m | 28.3% | 0.0 |
| Kansas | 2,072 | 1,210 | $290m | 17.8% | -0.0 |
| Louisiana | 2,068 | 967 | $236m | 28.5% | -0.0 |
| New Jersey | 1,748 | 721 | $292m | 29.7% | -0.1 |
| Minnesota | 1,711 | 878 | $257m | 22.7% | -0.1 |
| Nevada | 1,513 | 730 | $302m | 21.5% | -0.2 |
| Iowa | 1,503 | 823 | $197m | 21.0% | -0.0 |
| Oregon | 1,491 | 713 | $278m | 25.0% | -0.2 |
| New York | 1,422 | 735 | $221m | 29.7% | 0.1 |
| New Mexico | 1,386 | 695 | $214m | 22.1% | -0.1 |
| Nebraska | 1,369 | 823 | $228m | 16.0% | -0.1 |
| West Virginia | 1,343 | 663 | $165m | 24.9% | 0.1 |
| Massachusetts | 1,169 | 492 | $220m | 33.3% | -0.1 |
| Connecticut | 1,132 | 573 | $195m | 24.7% | -0.1 |
| Maine | 920 | 449 | $134m | 27.4% | -0.1 |
| Idaho | 863 | 406 | $155m | 23.6% | -0.2 |
| Montana | 763 | 401 | $143m | 20.8% | -0.1 |
| Utah | 761 | 334 | $146m | 28.7% | -0.3 |
| Alaska | 716 | 398 | $148m | 19.3% | -0.1 |
| New Hampshire | 629 | 314 | $124m | 25.0% | -0.2 |
| Hawaii | 564 | 292 | $167m | 23.6% | -0.4 |
| Delaware | 481 | 216 | $76m | 30.1% | -0.1 |
| Wyoming | 456 | 220 | $70m | 26.2% | -0.1 |
| North Dakota | 436 | 255 | $67m | 17.2% | -0.1 |
| South Dakota | 402 | 215 | $62m | 21.6% | -0.1 |
| Vermont | 308 | 136 | $41m | 28.0% | -0.1 |
| Rhode Island | 284 | 120 | $51m | 32.4% | -0.2 |
| District of Columbia | 93 | 40 | $19m | 31.0% | -0.4 |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Montgomery County | TN | 1,100 | 750 | $244m | 10.7% |
| Cumberland County | NC | 1,293 | 720 | $190m | 17.8% |
| Bexar County | TX | 1,267 | 600 | $192m | 21.0% |
| Bell County | TX | 899 | 530 | $148m | 15.4% |
| Onslow County | NC | 917 | 504 | $139m | 18.4% |
| Harris County | TX | 1,093 | 490 | $163m | 30.2% |
| Clark County | NV | 1,053 | 484 | $204m | 24.1% |
| Cook County | IL | 1,040 | 478 | $142m | 28.6% |
| Maricopa County | AZ | 1,107 | 462 | $189m | 30.8% |
| El Paso County | CO | 907 | 451 | $198m | 22.5% |
| Duval County | FL | 912 | 442 | $135m | 24.4% |
| El Paso County | TX | 818 | 409 | $108m | 21.9% |
| Virginia Beach city | VA | 719 | 406 | $153m | 17.6% |
| Tarrant County | TX | 684 | 342 | $121m | 22.3% |
| Norfolk city | VA | 559 | 324 | $105m | 17.6% |
| St. Clair County | IL | 545 | 321 | $91m | 17.6% |
| Chesapeake city | VA | 555 | 316 | $122m | 17.1% |
| Comanche County | OK | 494 | 314 | $70m | 14.7% |
| Hillsborough County | FL | 686 | 286 | $116m | 30.1% |
| Brevard County | FL | 624 | 284 | $104m | 24.5% |
| Montgomery County | OH | 525 | 284 | $71m | 16.7% |
| Liberty County | GA | 452 | 279 | $72m | 14.3% |
| Marion County | IN | 486 | 272 | $64m | 24.3% |
| Oklahoma County | OK | 519 | 269 | $71m | 23.2% |
| Cuyahoga County | OH | 501 | 267 | $60m | 24.6% |
| Richland County | SC | 579 | 266 | $76m | 27.1% |
| Pierce County | WA | 518 | 266 | $136m | 24.2% |
| Riverside County | CA | 665 | 258 | $140m | 36.7% |
| San Diego County | CA | 600 | 250 | $156m | 25.9% |
| Hampton city | VA | 415 | 244 | $72m | 21.0% |
Up to 30 counties with at least 50 applications, by originations.
Questions and answers
How many mortgages did Mortgage Research Center originate in 2024?
73,759 loans totalling $23bn, from 147,455 applications reported under HMDA. It also purchased 43 loans from other institutions, which are counted separately.
What is Mortgage Research Center's denial rate and how does it compare?
24.0% of decided applications were denied in 2024, against 24.3% nationally and 26.0% in Texas. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Mortgage Research Center lend in most?
By originations: Montgomery County, TN (750), Cumberland County, NC (720), Bexar County, TX (600), Bell County, TX (530) and Onslow County, NC (504).
What loan types does Mortgage Research Center make?
Conventional 3,308, FHA 2,139, VA 68,183 and USDA 129 originations in 2024; by purpose, home purchase 60,352, home improvement 0, refinancing 10,869, cash-out refinancing 2,538 and other purpose 0.
What reasons did Mortgage Research Center report for denials?
The first denial reason recorded most often was credit history (12,069), other (4,477) and credit application incomplete (3,004), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.