Beo Mortgage Rates, Fees & Info
Greenwood Village, COLEI: 5493008L9O5NV7EAK360
Tax ID: 84-0146595
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Beo is a small mortgage company specializing in Cash Out Refi and Home Purchase loans. Beo has a high proportion of conventional loans. Their top markets include Denver, Jacksonville, Colorado Springs, Knoxville, and Oklahoma City among others. Beo has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Beo is typically an average fee lendor.Originations
5,401Origination Dollar Volume (All Markets)
$1,250,825,000Relative Rate
Beo's average 30 year fixed rate mortgage of loans were
3.09%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.06%.
Relative Fees
Beo's average total fees for a 30 year fixed rate
mortgage are $4,331.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4,670 | $653,010,000 | $139,831 | $3,955 | 4.37% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $119,670,000 | $59,835,000 | $0 | 3.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 68 | $91,540,000 | $1,346,176 | $3,352 | 4.45% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $48,005,000 | $48,005,000 | $0 | 3.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $38,255,000 | $38,255,000 | $0 | 3.38% |
| BOULDER, CO (FHA|USDA|VA) | 167 | $35,885,000 | $214,880 | $4,680 | 4.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $35,660,000 | $17,830,000 | $0 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $34,005,000 | $34,005,000 | $0 | 3.38% |
| GREELEY, CO (FHA|USDA|VA) | 171 | $29,855,000 | $174,591 | $3,331 | 4.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $27,410,000 | $13,705,000 | $0 | 3.38% |
| Edwards, CO (FHA|USDA|VA) | 12 | $27,320,000 | $2,276,667 | $0 | 4.22% |
| FORT COLLINS, CO (FHA|USDA|VA) | 73 | $21,435,000 | $293,630 | $3,179 | 4.56% |
| TULSA, OK (FHA|USDA|VA) | 1 | $15,405,000 | $15,405,000 | $0 | 3.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 10 | $13,240,000 | $1,324,000 | $0 | 5.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $11,875,000 | $11,875,000 | $0 | 3.38% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 124 | $10,930,000 | $88,145 | $3,942 | 4.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $9,205,000 | $9,205,000 | $0 | 3.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $5,325,000 | $5,325,000 | $0 | 3.50% |
| PUEBLO, CO (FHA|USDA|VA) | 11 | $5,125,000 | $465,909 | $4,169 | 4.78% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $4,905,000 | $4,905,000 | $0 | 3.38% |
| Outside of Metro Areas | 37 | $4,585,000 | $123,919 | $4,379 | 3.79% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $3,575,000 | $3,575,000 | $0 | 3.50% |
| Montrose, CO (FHA|USDA|VA) | 21 | $2,295,000 | $109,286 | $4,515 | 4.60% |
| Steamboat Springs, CO (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $0 | 4.45% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 4.50% |
| Durango, CO (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,757 | 3.71% |
| Cañon City, CO (FHA|USDA|VA) | 5 | $245,000 | $49,000 | $0 | 5.20% |
| Sterling, CO (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.25% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 4.50% |
| Craig, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
Beo's top markets include Denver, Jacksonville, Colorado Springs, Knoxville, and Oklahoma City among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 5,401 | $1,250,825,000 | $231,591 | $3,963 | 4.37% |
For the 2021 period, Beo's most frequently originated loan type of loans were Conventional, with 5,401 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 2,241 | $228,215,000 | $101,836 | $0 | 4.32% |
| Other | 1,445 | $135,595,000 | $93,837 | $0 | 4.58% |
| Cash Out Refi | 1,138 | $320,620,000 | $281,740 | $4,303 | 4.13% |
| Home Purchase | 369 | $369,675,000 | $1,001,829 | $4,694 | 5.34% |
| Refi | 208 | $196,720,000 | $945,769 | $3,523 | 3.15% |
For the 2021, Beo's most frequently cited loan purpose of loans were Home Improvement, with 2,241 originations. The 2nd most popular reason of loans were Other, with 1,445 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 5,059 | $570,505,000 | $112,770 | $3,965 | 4.40% |
| 30 Year | 206 | $57,690,000 | $280,049 | $4,331 | 3.09% |
| 15 Year | 75 | $16,295,000 | $217,267 | $3,323 | 2.65% |
| 10 Year | 61 | $606,335,000 | $9,939,918 | $2,750 | 8.58% |
For the 2021, Beo's most frequently cited loan length of loans were 20 Year, with 5,059 originations. The 2nd most popular length of loans were 30 Year, with 206 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 103 | $18,455,000 | $179,175 |
| $2k-3k | 86 | $22,370,000 | $260,116 |
| $<1k | 79 | $19,505,000 | $246,899 |
| $3k-4k | 60 | $18,680,000 | $311,333 |
| $5k+ | 28 | $11,020,000 | $393,571 |
$4,331 of loans were Beo's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 103 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,717 | $927,465,000 | $341,356 |
| 4-5% | 1,355 | $151,865,000 | $112,077 |
| 5-6% | 661 | $61,715,000 | $93,366 |
| 6-7% | 290 | $23,940,000 | $82,552 |
| 2.5-3% | 240 | $57,000,000 | $237,500 |
| Over 8% | 101 | $22,645,000 | $224,208 |
| <2.5% | 37 | $6,195,000 | $167,432 |
During 2021, Beo's average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 3-4%, with 2,717 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 2,683 | $146,815,000 | $54,720 | $2,323 | 4.56% |
| $100k-200k | 1,624 | $216,180,000 | $133,116 | $3,136 | 4.19% |
| $200k-400k | 962 | $240,790,000 | $250,301 | $4,313 | 3.92% |
| $400k-600k | 88 | $38,060,000 | $432,500 | $5,800 | 3.68% |
| $1MM+ | 38 | $604,300,000 | $15,902,632 | $4,844 | 12.19% |
| $600k-1MM | 6 | $4,680,000 | $780,000 | $6,413 | 3.25% |
2021 saw Beo place emphasis on $100,000 or less loans with 2,683 originations, totaling $146,815,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1,562 | $178,790,000 | $114,462 | $4,335 | 4.38% |
| $150k-250k | 1,549 | $219,955,000 | $141,998 | $4,267 | 4.32% |
| $75k-100k | 793 | $77,375,000 | $97,573 | $3,799 | 4.36% |
| $50k-75k | 646 | $55,120,000 | $85,325 | $3,662 | 4.33% |
| $250k+ | 520 | $95,760,000 | $184,154 | $5,760 | 4.19% |
| $50k or less | 293 | $20,915,000 | $71,382 | $3,018 | 4.10% |
Beo lent most frequently to those with incomes in the $100k-150k range, with 1,562 originations. The second most popular income band? $150k-250k, with 1,549 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,111 | $130,725,000 | $117,664 | $3,842 | 4.07% |
| 30-36% | 902 | $109,880,000 | $121,818 | $4,004 | 4.26% |
| 50-60% | 610 | $69,450,000 | $113,852 | $3,828 | 4.61% |
| <20% | 424 | $51,750,000 | $122,052 | $3,306 | 3.82% |
| 49% | 201 | $24,205,000 | $120,423 | $2,537 | 4.54% |
| 47% | 180 | $22,950,000 | $127,500 | $4,297 | 4.46% |
| 45% | 180 | $21,310,000 | $118,389 | $5,012 | 4.63% |
| 37% | 174 | $21,680,000 | $124,598 | $4,391 | 4.35% |
| 48% | 173 | $22,275,000 | $128,757 | $4,928 | 4.63% |
| 43% | 169 | $20,475,000 | $121,154 | $3,941 | 4.57% |
| 39% | 168 | $22,880,000 | $136,190 | $5,461 | 4.23% |
| 41% | 164 | $20,480,000 | $124,878 | $3,838 | 4.36% |
| 46% | 160 | $18,740,000 | $117,125 | $4,115 | 4.60% |
| 40% | 158 | $18,240,000 | $115,443 | $3,777 | 4.43% |
| 42% | 156 | $18,060,000 | $115,769 | $5,464 | 4.46% |
| 44% | 148 | $18,800,000 | $127,027 | $4,726 | 4.59% |
| 38% | 144 | $18,410,000 | $127,847 | $4,533 | 4.32% |
| 36% | 138 | $16,890,000 | $122,391 | $3,283 | 4.45% |
| >60% | 3 | $715,000 | $238,333 | $2,129 | 3.67% |
Beo lent most frequently to those with DTI ratios of 20-30%, with 1,111 originations. The next most common DTI ratio? 30-36%, with 902 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 38 | $602,910,000 | $15,866,053 | $0 | 12.23% |
| White | 4,269 | $499,365,000 | $116,975 | $3,606 | 4.35% |
| Not provided | 796 | $115,570,000 | $145,188 | $4,354 | 4.12% |
| Asian | 164 | $21,530,000 | $131,280 | $3,409 | 4.29% |
| Black | 89 | $7,255,000 | $81,517 | $3,236 | 4.66% |
| American Indian | 34 | $3,260,000 | $95,882 | $0 | 4.62% |
| Native Hawaiian | 11 | $935,000 | $85,000 | $0 | 4.73% |
Approval Rates
Total approvals of all applications73.74%
Beo has a below average approval rate.
Pick Rate
Approvals leading to origination78.51%
Beo has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,401 | $1,250,825,000 | $231,591 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,401 | $1,250,825,000 | $231,591 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,454 | $261,690,000 | $179,979 | $2,948 | 4.21% |
| 40-60% | 358 | $186,040,000 | $519,665 | $3,696 | 4.54% |
| 60-80% | 166 | $532,360,000 | $3,206,988 | $5,085 | 3.32% |
| 80-100% | 16 | $6,200,000 | $387,500 | $5,632 | 3.13% |
| Under 20% | 3,407 | $264,535,000 | $77,645 | $2,857 | 4.48% |
