Fbc Mortgage Llc

Orlando, FL 32801

LEI: 5493005JPZ3LXXMB0S24

Tax ID: 20-3702275

2019 Data | 2018 Data

Overview

Fbc Mortgage Llc is a small mortgage company specializing in Home Purchase loans. Fbc Mortgage Llc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Orlando, Tampa, Las Vegas, Deltona, and Atlanta among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Fbc Mortgage Llc is typically a medium-low fee lendor.

Originations

14,416

Origination Dollar Volume (All Markets)

$3,651,690,000

Product Mix

Loan Type	Originations	Total Value	Average Loan
Conventional	7,899	$2,066,545,000	$261,621
FHA	4,434	$1,002,540,000	$226,103
VA	1,883	$543,295,000	$288,526
USDA	200	$39,310,000	$196,550

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason	Originations	Total Value	Average Loan
Home Purchase	11,039	$2,710,645,000	$245,552
Refi	2,397	$680,385,000	$283,849
Cash Out Refi	980	$260,660,000	$265,980

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market	Originations	Total Value	Average Loan
ORLANDO-KISSIMMEE-SANFORD, FL	2,682	$727,350,000	$271,197
TAMPA-ST. PETERSBURG-CLEARWATER, FL	860	$231,220,000	$268,860
LAS VEGAS-HENDERSON-PARADISE, NV	726	$187,350,000	$258,058
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL	749	$169,975,000	$226,936
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA	700	$166,990,000	$238,557
PHOENIX-MESA-CHANDLER, AZ	550	$149,150,000	$271,182
LAKELAND-WINTER HAVEN, FL	700	$148,380,000	$211,971
PALM BAY-MELBOURNE-TITUSVILLE, FL	472	$112,730,000	$238,835
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL	341	$108,535,000	$318,284
Outside of Metro Areas	495	$99,055,000	$200,111
PORT ST. LUCIE, FL	385	$92,965,000	$241,468
JACKSONVILLE, FL	348	$78,630,000	$225,948
PITTSBURGH, PA	254	$76,820,000	$302,441
BIRMINGHAM-HOOVER, AL	296	$67,230,000	$227,128
SAN DIEGO-CHULA VISTA-CARLSBAD, CA	134	$63,340,000	$472,687
COLORADO SPRINGS, CO	187	$54,995,000	$294,091
GAINESVILLE, FL	232	$50,370,000	$217,112
NORTH PORT-SARASOTA-BRADENTON, FL	189	$49,295,000	$260,820
SAN ANTONIO-NEW BRAUNFELS, TX	244	$49,290,000	$202,008
ODESSA, TX	225	$46,715,000	$207,622
HOUSTON-THE WOODLANDS-SUGAR LAND, TX	196	$44,540,000	$227,245
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL	121	$41,385,000	$342,025
SEBASTIAN-VERO BEACH, FL	148	$34,240,000	$231,351
HILTON HEAD ISLAND-BLUFFTON, SC	139	$33,405,000	$240,324
SACRAMENTO-ROSEVILLE-FOLSOM, CA	83	$33,035,000	$398,012
TULSA, OK	177	$31,955,000	$180,537
CAPE CORAL-FORT MYERS, FL	127	$28,805,000	$226,811
BOSTON, MA	67	$27,635,000	$412,463
MIDLAND, TX	107	$27,415,000	$256,215
DENVER-AURORA-LAKEWOOD, CO	68	$25,180,000	$370,294
EVANSVILLE, IN-KY	118	$25,170,000	$213,305
PORTLAND-VANCOUVER-HILLSBORO, OR-WA	73	$24,405,000	$334,315
LOUISVILLE/JEFFERSON COUNTY, KY-IN	78	$23,850,000	$305,769
OKLAHOMA CITY, OK	132	$23,670,000	$179,318
PUNTA GORDA, FL	109	$23,395,000	$214,633
CAMBRIDGE-NEWTON-FRAMINGHAM, MA	56	$22,990,000	$410,536
BAKERSFIELD, CA	138	$22,380,000	$162,174
OCALA, FL	117	$21,395,000	$182,863
NAPLES-MARCO ISLAND, FL	52	$20,020,000	$385,000
COLUMBUS, OH	91	$19,765,000	$217,198
OWENSBORO, KY	98	$18,980,000	$193,673
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA	103	$18,145,000	$176,165
CHARLOTTE-CONCORD-GASTONIA, NC-SC	57	$15,865,000	$278,333
SIERRA VISTA-DOUGLAS, AZ	66	$15,690,000	$237,727
SHREVEPORT-BOSSIER CITY, LA	78	$13,610,000	$174,487
SAN ANGELO, TX	79	$13,175,000	$166,772
STOCKTON, CA	29	$11,795,000	$406,724
MIAMI-MIAMI BEACH-KENDALL, FL	33	$11,745,000	$355,909
DALLAS-PLANO-IRVING, TX	45	$11,355,000	$252,333
ANAHEIM-SANTA ANA-IRVINE, CA	20	$10,800,000	$540,000
LOS ANGELES-LONG BEACH-GLENDALE, CA	21	$10,635,000	$506,429
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN	30	$10,630,000	$354,333
CHARLESTON-NORTH CHARLESTON, SC	42	$9,960,000	$237,143
OLYMPIA-LACEY-TUMWATER, WA	33	$9,685,000	$293,485
SAVANNAH, GA	36	$8,240,000	$228,889
BEAUMONT-PORT ARTHUR, TX	46	$8,070,000	$175,435
BARNSTABLE TOWN, MA	19	$8,005,000	$421,316
HOMOSASSA SPRINGS, FL	44	$7,600,000	$172,727
SEATTLE-BELLEVUE-KENT, WA	15	$7,415,000	$494,333
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV	17	$7,235,000	$425,588
FORT WORTH-ARLINGTON-GRAPEVINE, TX	25	$6,825,000	$273,000
GAINESVILLE, GA	35	$6,705,000	$191,571
OAKLAND-BERKELEY-LIVERMORE, CA	12	$5,550,000	$462,500
CHICAGO-NAPERVILLE-EVANSTON, IL	17	$4,835,000	$284,412
AUSTIN-ROUND ROCK-GEORGETOWN, TX	21	$4,655,000	$221,667
THE VILLAGES, FL	21	$4,255,000	$202,619
TALLAHASSEE, FL	21	$3,995,000	$190,238
PUEBLO, CO	18	$3,860,000	$214,444
GREELEY, CO	11	$3,765,000	$342,273
RALEIGH-CARY, NC	14	$3,700,000	$264,286
TACOMA-LAKEWOOD, WA	13	$3,685,000	$283,462
ABILENE, TX	25	$3,585,000	$143,400
WINCHESTER, VA-WV	11	$3,065,000	$278,636
VALLEJO, CA	7	$3,025,000	$432,143
GREENVILLE-ANDERSON, SC	10	$2,980,000	$298,000
SANTA ROSA-PETALUMA, CA	4	$2,450,000	$612,500
PRESCOTT VALLEY-PRESCOTT, AZ	8	$2,250,000	$281,250
SALEM, OR	6	$2,140,000	$356,667
RICHMOND, VA	6	$2,060,000	$343,333
BOULDER, CO	5	$2,025,000	$405,000
BOWLING GREEN, KY	9	$2,005,000	$222,778
WORCESTER, MA-CT	6	$1,890,000	$315,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA	3	$1,815,000	$605,000
PENSACOLA-FERRY PASS-BRENT, FL	7	$1,695,000	$242,143
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL	5	$1,645,000	$329,000
PROVIDENCE-WARWICK, RI-MA	3	$1,625,000	$541,667
LONGVIEW, TX	9	$1,615,000	$179,444
SAN JOSE-SUNNYVALE-SANTA CLARA, CA	2	$1,560,000	$780,000
REDDING, CA	4	$1,520,000	$380,000
KILLEEN-TEMPLE, TX	6	$1,450,000	$241,667
KENNEWICK-RICHLAND, WA	5	$1,425,000	$285,000
PANAMA CITY, FL	5	$1,415,000	$283,000
SHERMAN-DENISON, TX	9	$1,405,000	$156,111
EL PASO, TX	8	$1,390,000	$173,750
NEW BRUNSWICK-LAKEWOOD, NJ	3	$1,365,000	$455,000
CORPUS CHRISTI, TX	7	$1,365,000	$195,000
CHICO, CA	6	$1,310,000	$218,333
TYLER, TX	6	$1,260,000	$210,000
ELGIN, IL	6	$1,250,000	$208,333
TUCSON, AZ	5	$1,215,000	$243,000
DURHAM-CHAPEL HILL, NC	4	$1,180,000	$295,000
SPARTANBURG, SC	4	$1,100,000	$275,000
FORT COLLINS, CO	3	$955,000	$318,333
LONGVIEW, WA	3	$925,000	$308,333
HARRISONBURG, VA	4	$910,000	$227,500
CINCINNATI, OH-KY-IN	3	$855,000	$285,000
COLLEGE STATION-BRYAN, TX	4	$830,000	$207,500
FLAGSTAFF, AZ	4	$810,000	$202,500
BEND, OR	2	$770,000	$385,000
INDIANAPOLIS-CARMEL-ANDERSON, IN	3	$765,000	$255,000
CORVALLIS, OR	3	$755,000	$251,667
OXNARD-THOUSAND OAKS-VENTURA, CA	1	$705,000	$705,000
CAPE GIRARDEAU, MO-IL	5	$675,000	$135,000
CHATTANOOGA, TN-GA	2	$670,000	$335,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT	2	$660,000	$330,000
KANSAS CITY, MO-KS	4	$650,000	$162,500
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ	2	$600,000	$300,000
ST. LOUIS, MO-IL	2	$570,000	$285,000
ATHENS-CLARKE COUNTY, GA	2	$570,000	$285,000
WARREN-TROY-FARMINGTON HILLS, MI	2	$570,000	$285,000
WACO, TX	3	$565,000	$188,333
AMARILLO, TX	3	$565,000	$188,333
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH	1	$565,000	$565,000
LUBBOCK, TX	4	$500,000	$125,000
SANTA CRUZ-WATSONVILLE, CA	1	$495,000	$495,000
DAPHNE-FAIRHOPE-FOLEY, AL	2	$480,000	$240,000
MONTGOMERY, AL	1	$465,000	$465,000
DETROIT-DEARBORN-LIVONIA, MI	1	$465,000	$465,000
MANCHESTER-NASHUA, NH	2	$450,000	$225,000
SPRINGFIELD, MA	2	$440,000	$220,000
FRESNO, CA	2	$420,000	$210,000
SALINAS, CA	1	$415,000	$415,000
ALEXANDRIA, LA	2	$410,000	$205,000
GADSDEN, AL	2	$400,000	$200,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA	1	$395,000	$395,000
BALTIMORE-COLUMBIA-TOWSON, MD	1	$385,000	$385,000
LANSING-EAST LANSING, MI	2	$380,000	$190,000
SPOKANE-SPOKANE VALLEY, WA	1	$365,000	$365,000
NEWARK, NJ-PA	1	$365,000	$365,000
JONESBORO, AR	2	$360,000	$180,000
JOHNSTOWN, PA	1	$355,000	$355,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI	1	$355,000	$355,000
CAMDEN, NJ	1	$335,000	$335,000
MEDFORD, OR	1	$325,000	$325,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA	1	$305,000	$305,000
HAGERSTOWN-MARTINSBURG, MD-WV	1	$305,000	$305,000
GRAND RAPIDS-KENTWOOD, MI	1	$295,000	$295,000
AUGUSTA-RICHMOND COUNTY, GA-SC	2	$290,000	$145,000
MORRISTOWN, TN	1	$285,000	$285,000
MCALLEN-EDINBURG-MISSION, TX	2	$280,000	$140,000
YUBA CITY, CA	2	$280,000	$140,000
HANFORD-CORCORAN, CA	1	$265,000	$265,000
HUNTSVILLE, AL	1	$255,000	$255,000
KANKAKEE, IL	1	$245,000	$245,000
MERCED, CA	1	$225,000	$225,000
CALIFORNIA-LEXINGTON PARK, MD	1	$225,000	$225,000
ANNISTON-OXFORD, AL	1	$225,000	$225,000
BLACKSBURG-CHRISTIANSBURG, VA	1	$215,000	$215,000
VICTORIA, TX	1	$215,000	$215,000
TUSCALOOSA, AL	1	$205,000	$205,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR	1	$205,000	$205,000
WILMINGTON, NC	1	$205,000	$205,000
CLEVELAND-ELYRIA, OH	2	$190,000	$95,000
LA CROSSE-ONALASKA, WI-MN	1	$185,000	$185,000
TOPEKA, KS	1	$185,000	$185,000
BURLINGTON, NC	1	$185,000	$185,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC	1	$185,000	$185,000
DES MOINES-WEST DES MOINES, IA	1	$185,000	$185,000
ROCKY MOUNT, NC	1	$175,000	$175,000
ENID, OK	1	$165,000	$165,000
MANHATTAN, KS	1	$125,000	$125,000
LYNCHBURG, VA	1	$115,000	$115,000
ALBANY, GA	1	$115,000	$115,000
HICKORY-LENOIR-MORGANTON, NC	1	$105,000	$105,000
LEWISTON-AUBURN, ME	1	$85,000	$85,000
SEBRING-AVON PARK, FL	1	$65,000	$65,000
WARNER ROBINS, GA	1	$35,000	$35,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate	Originations	Total Value	Average Loan
<2.5%	147	$1,085,000	$7,381
2.5-3%	166	$44,200,000	$266,265
3-4%	6,439	$1,810,395,000	$281,161
4-5%	6,089	$1,483,935,000	$243,708
5-6%	1,470	$292,990,000	$199,313
6-7%	104	$18,500,000	$177,885
7-8%	1	$585,000	$585,000

Loan Sizing

Loan Size	Originations	Total Value	Average Loan
$100,000 or less	661	$34,505,000	$52,201
$100k-200k	3,868	$617,390,000	$159,615
$200k-400k	8,394	$2,269,610,000	$270,385
$400k-600k	1,349	$621,415,000	$460,649
$600k-1000k	130	$90,590,000	$696,846
$Over $1MM	14	$18,180,000	$1,298,571

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan
20-40%	277	$43,115,000	$155,650
40-60%	821	$185,655,000	$226,133
60-80%	3,016	$832,780,000	$276,121
80-100%	8,917	$2,277,405,000	$255,400
Over 100%	426	$126,340,000	$296,573
Under 20%	262	$4,250,000	$16,221

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan
$100k-150k	2,792	$821,200,000	$294,126
$150k-250k	1,503	$526,505,000	$350,303
$50k-75k	3,786	$794,590,000	$209,876
$50k-or less	2,373	$412,205,000	$173,706
$75k-100k	2,642	$662,810,000	$250,874
$Over $250k	528	$224,330,000	$424,867

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan
White	10,147	$2,588,245,000	$255,075
Not provided	2,253	$557,025,000	$247,237
Black	1,352	$323,850,000	$239,534
Asian	554	$155,910,000	$281,426
American Indian	66	$14,490,000	$219,545
Native Hawaiian	36	$9,940,000	$276,111
Asian Indian	3	$1,385,000	$461,667
Other Pacific Islander	5	$845,000	$169,000

Approval Rates

Total approvals of all applications
93.43%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
73.72%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	14,416	$3,651,690,000	$253,308

Origination Fees

Origination Fee	Originations	Total Value	Average Loan
$<1k	2,202	$585,260,000	$265,786
$1k-2k	7,843	$2,017,825,000	$257,277
$2k-3k	1,968	$463,410,000	$235,473
$3k-4k	1,630	$411,760,000	$252,613
$5k+	514	$168,860,000	$328,521

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	220	$33,470,000	$152,136
Single Family (1-4 Units):Site-Built	14,196	$3,618,220,000	$254,876