Larry F. Pratt, CMB: 2024 Hall of Fame Inductee

Larry Pratt is the chairman and CEO of First Savings Mortgage Corporation, a company he founded in 1989. First Savings has consistently been the largest privately owned residential lender in the Washington D.C. metropolitan area.

A native of Athens, TN, Larry graduated from the University of Tennessee in 1973 with a BS in business. After graduating from Tennessee, he served in the U.S. Army and worked throughout the country in the mortgage business before starting his firm. Larry is graduate of the MBA School of Mortgage Banking, Northwestern University, 1980

Charitable works have always been important to Pratt. He has always strived to honor his father’s advice - “Make a difference.”  Since founding First Savings, he’s organized his company’s participation in affordable housing programs, minority education efforts, Habitat for Humanity, and other efforts designed to help people reach homeownership.

His generosity extends to the University of Tennessee, where he has focused his efforts on improving student athletics. He has created an endowed scholarship in his father’s name, donated $1 million to the STEP-UP Campaign, gave $5 million to create the Pratt Pavilion basketball facility, was lead donor on the Larry Pratt locker room renovation, donated $5 million to the Neyland Stadium project, and created the Harold “Prof” Powers Endowed Scholarship for underserved UT students from McMinn County, Tennessee, where his hometown of Athens is located. He also contributed to the Golf Performance Center, which was most recently constructed.
 
Larry’s contributions extend to the academic side as well.  The business school, where Pratt is an executive in residence each year, enjoys numerous endowments focused on the underserved that provide full scholarships each year. He received the Distinguished Alumnus Award from the University of Tennessee in 2019.
  
Pratt holds the Certified Mortgage Banker “CMB” designation and has served on numerous boards. Larry has two children, Brackton and Ashley, and four grandchildren.