Applications / Mortgage Analytics / Lenders / Missouri / Gershman Investment
Chesterfield, MO · Independent non-bank lender · CFPB · 4,133 loans in 2025
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4,133
loans originated, 2025
5,621
applications, 2025
20
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Gershman Investment, a Missouri lender reporting since 1990, makes smaller purchase loans to more modest earners than most of its rivals.
Purchases were 89.9% of its lending in 2025. Its typical loan, $235,000, was lower than at about nine in ten similar lenders, meaning independent non-bank lenders making between half and twice as many loans. Some 40.4% of its loans went to low- and moderate-income (LMI) borrowers, against 28.3% at peers. Rural loans guaranteed by the Department of Agriculture's Rural Housing Service made up 3.4%, against 0.7%.
Only 7.6% of its loans were in majority-minority neighborhoods, against 25.1% at peers. That may reflect where it lends: its main markets are St. Louis and smaller Midwestern cities such as Springfield, Lincoln and Des Moines.
Loans rose 2%, against 10% for similar lenders and for the whole market. Its share fell from 4.9% to 3.9% in Lincoln, where it ranks 6 of 249, and from 2.7% to 1.7% in Des Moines. With 89.9% of its lending in purchases, any growth in rivals' refinancing would cost it share; the record does not say whether that happened. It still ranks 5 of 351 in Springfield.
It made 4,133 loans, about half the 8,663 of 2020. But in 2018 and 2019 it made 4,078 and 4,303, so the 2020 and 2021 peaks look like the exception, not the current level.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Gershman Investment took 5,621 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 89.9% · Refinance 10.1%
Conventional 59.9% · FHA 27.4% · VA 9.3% · USDA (RHS or FSA) 3.4% · of 4,133 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Missouri | 1,690 | 40.9% |
| Nebraska | 537 | 13.0% |
| Florida | 434 | 10.5% |
| Iowa | 427 | 10.3% |
| Kentucky | 328 | 7.9% |
| Arkansas | 243 | 5.9% |
| Illinois | 195 | 4.7% |
| Tennessee | 186 | 4.5% |
| Colorado | 24 | 0.6% |
| Kansas | 17 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| St. Louis | 768 |
| Springfield | 438 |
| Lincoln | 370 |
| Des Moines-West Des Moines | 333 |
| Fayetteville-Springdale-Rogers | 202 |
| Tampa | 195 |
| Clarksville | 164 |
| Omaha | 107 |
| Paducah | 97 |
| St. Petersburg-Clearwater-Largo | 83 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NB3SBC1KHAWB92 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3842416 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7430710608 | |
| Respondent ID (the HMDA filer code before 2018) | 72465409997 | 1990–2011 |
Established 24 June 1955. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Gershman Investment's data.
Gershman Investment's data
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