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Mortgage Research Center in North Carolina

HMDA record for properties in North Carolina, calendar year 2024. National record · North Carolina overview

LEI 549300DD5QQUHO6PCH70
Reporting agency Department of Housing and Urban Development
State North Carolina

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. Cells under 25 applications are withheld.

In North Carolina, Mortgage Research Center reported 8,562 applications and 4,358 originations for 2024, $1.3bn in all.

Its denial rate in the state was 22.7%, close to the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 24.0%.

The median rate spread on its North Carolina originations was -0.0 percentage points (state median 0.2).

Applications in the state were up 16% on 2023.

8,562applications in NC, 20245.8% of the lender's total
4,358loans originated$1.3bn
22.7%denial rateNC all lenders 24.0%
-0.0 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersMortgage Research Center, all statesUnited States
Denial rate22.7%24.0%24.0%24.3%
Median rate spread, pp-0.00.2-0.10.3
Originations with spread of 1.5 pp or more0.7%11.8%0.8%15.6%
Average originated loan$304k$299k$315k$329k
Home purchase share81.6%56.3%81.8%57.0%
FHA-insured share2.7%11.8%2.9%13.4%
VA-guaranteed share93.3%11.8%92.4%7.9%

Trend by year

ApplicationsOriginations

04459.58,9192022: 8,919 Applications2023: 7,357 Applications2024: 8,562 Applications2022: 4,830 Originations2023: 3,911 Originations2024: 4,358 Originations202220232024
Mortgage Research Center in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%12.3%24.6%2022: 19.9% This lender in state2023: 20.3% This lender in state2024: 22.7% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 82% (3,556)Refinancing 14% (629)Cash-out refinancing 4% (173)

By type

Conventional 4% (168)FHA 3% (119)VA 93% (4,066)USDA 0% (5)

Denial reasons as coded

Credit history55.2%
Other17.3%
Credit application incomplete14.1%
Debt-to-income ratio7.5%
Collateral3.4%
Employment history1.6%
Insufficient cash (downpayment, closing costs)0.9%
Unverifiable information0%
Mortgage insurance denied0%

Share of 1,301 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Cumberland County1,293720$190m17.8%
Onslow County917504$139m18.4%
Hoke County364217$63m13.2%
Harnett County383196$64m20.6%
Wake County333128$57m32.6%
Mecklenburg County297118$47m36.4%
Craven County234117$32m24.0%
Johnston County214113$41m20.3%
Guilford County235108$31m30.8%
Forsyth County195108$31m23.4%
Wayne County17495$25m20.0%
Gaston County16080$24m23.1%
Brunswick County14265$21m18.8%
Davidson County13565$18m23.3%
Iredell County12062$22m18.2%
Cabarrus County13361$23m24.7%
Pasquotank County10160$18m17.6%
Pitt County11859$16m24.4%
Randolph County10657$16m25.0%
Robeson County10556$13m21.1%
Catawba County10356$15m26.3%
Rowan County10256$17m21.9%
Moore County14653$20m30.8%
Alamance County10447$16m33.3%
Nash County7945$13m23.3%
Pender County8639$16m25.0%
Cleveland County7739$10m25.0%
Union County8237$17m25.5%
Rockingham County7937$8.9m26.0%
Rutherford County5236$11m12.2%
Burke County6035$9.7m18.2%
Buncombe County7032$13m25.0%
New Hanover County6732$13m36.0%
Currituck County6131$14m16.2%
Franklin County6630$11m30.2%
Lenoir County5730$7.0m17.9%
Wilson County4929$7.3m19.4%
Lincoln County6128$9.2m25.6%
Caldwell County4128$7.3m6.7%
Lee County5827$9.0m34.1%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Mortgage Research Center originate in North Carolina in 2024?

4,358 loans totalling $1.3bn, from 8,562 applications reported for properties in North Carolina.

What is Mortgage Research Center's denial rate in North Carolina?

22.7% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 24.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which North Carolina counties does Mortgage Research Center lend in most?

By originations: Cumberland County (720), Onslow County (504), Hoke County (217), Harnett County (196), Wake County (128).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in North Carolina. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.