Applications / Mortgage Analytics / Lenders / Texas / LRS Financial Network
Midland, TX · Independent non-bank lender · CFPB · 211 loans in 2025
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211
loans originated, 2025
247
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
LRS Financial Network, a non-bank lender from Midland, Texas, is a home-purchase lender that ranks fifth in its home market.
It has lent in Midland since 1999 and holds 4.2% of that market, fifth of 294 lenders, behind DHI Mortgage Company, PrimeLending, Highlands Residential Mortgage and Rocket Mortgage. Its share was 4.3% a year earlier. Outside Midland it is a minor player: in Odessa it holds 0.3%.
Purchases made up 92.9% of its loans in 2025. Conventional loans were 82.9% of its lending, against 76.1% at the typical similar lender (independent non-bank lenders making between half and twice as many loans). It turned down 1.7% of home-purchase applications, against 3.6% for the typical peer.
It made 211 loans in 2025, down 12% from 239, while the typical similar lender was unchanged and the market grew 10%. The fall is longer: it made 1,105 loans in 2020 and 827 in 2021. Its typical rate was 2.88% in 2020, against 6.62% now, which may explain much of the longer decline; a lender this tied to one market may also move with home buying in Midland.
Only 5.2% of its loans were in low- and moderate-income (LMI) neighborhoods, against 18.5% for the typical peer, among the lowest shares in its group. Its lending is concentrated in Midland and a few other Texas markets, and the neighborhoods in those markets may account for much of the figure. Its share in majority-minority neighborhoods, 19.4%, is close to the typical peer's 21.8%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. LRS Financial Network took 247 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 92.9% · Refinance 7.1%
Conventional 82.9% · FHA 14.2% · VA 2.8% · of 211 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 |
|---|---|---|
| Texas | 209 | 99.1% |
| New Mexico | 2 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Midland | 152 |
| Fort Worth-Arlington-Grapevine | 9 |
| Odessa | 8 |
| Lubbock | 5 |
| Austin-Round Rock-San Marcos | 4 |
| Dallas-Plano-Irving | 4 |
| Houston-Pasadena-The Woodlands | 4 |
| Abilene | 2 |
| San Angelo | 1 |
| San Antonio-New Braunfels | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300HOJG1DA7FIZ225 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3844335 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7752821496 | |
| Respondent ID (the HMDA filer code before 2018) | 71395700000 | 1999–2009 |
Established 10 June 1999. Reported under HMDA 1999-2025.
Mergers, name changes, data editions and corrections: LRS Financial Network's data.
LRS Financial Network's data
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LRS Financial Network and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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