An "American Success Story..."



21st Mortgage opened its doors in downtown Knoxville in 1995 with a staff of four, which included two of the company's founders; CEO Tim Williams and CFO Rich Ray. Today, the company has grown to more than 800 team members on two campuses. 21st Mortgage has contributed to the revitalization of downtown Knoxville and continues to actively participate and support local organizations in and around Knoxville, TN. 

Since 2006, 21st Mortgage has been the largest employer of graduates from the University of Tennessee, Maryville College and East Tennessee State University. 21st Mortgage has had a consistent record of operating profitably every month since opening ... including the challenging recession years from 2008 -- 2011.

In December 2003, Clayton Homes acquired 21st Mortgage. 21st Mortgage has become the nation’s largest manufactured home lender and originates more than $1.3B in new and used home loans each year. The company now owns and services more than 180,000 mortgages with a value over $9 billion.

Since its beginning, 21st Mortgage has been a market leader in affordable housing and offered a variety of finance programs for customers interested in purchasing a manufactured home. While in the early years of the company, the focus was on markets primarily located in the southern US, today, 21st Mortgage supports the lending needs for home buyers in forty-six states across America. 

In 2011, the company was awarded the prestigious National Lender of the Year award by the Manufactured Housing Institute (MHI). Since then, 21st Mortgage has repeated this honor a record nine straight years. Simply put, the company has now been recognized in each of the last nine years as the best lender in the industry.

Tim Williams, President and CEO, previously served as the Executive Vice President of Clayton Homes and the President of Vanderbilt Mortgage from 1974 until 1995.

Richard B. Ray, CFO, previously served as the Executive Vice President, CFO and Director of Clayton Homes from 1983 to 1994.