Highmark Mortgage Rates, Fees & Info
Rapid City, SDLEI: 5493009JZ6NIQL6RQT28
Tax ID: 46-0242124
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Mortgage Data
Review & Overview
Highmark is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Highmark has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Rapid City, Gillette, Spearfish, Phoenix, and Denver among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Highmark has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
159Origination Dollar Volume (All Markets)
$32,015,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 104 | $20,560,000 | $197,692 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $4,440,000 | $170,769 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 13 | $3,275,000 | $251,923 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Pierre, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
For 2019, Highmark's most frequently originated type of loan was Conventional, with 139 originations. Their 2nd most popular type was VA, with 11 originations.
Loan Reason
For 2019, Highmark's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 159 | $32,015,000 | $201,352 | $0 | 0.00% |
For 2019, Highmark's most frequently cited loan duration was Other, with 159 originations.
Loan Sizing
2019 saw Highmark place emphasis on $100k-200k loans with 56 originations, totaling $8,550,000 in origination value.
Applicant Income
Highmark lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 159 | $32,015,000 | $201,352 | $0 | 0.00% |
Highmark lent most frequently to those with DTI ratios of Exempt%, with 159 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 157 | $31,715,000 | $202,006 | $0 | 0.00% |
| Black | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Asian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.84%
Highmark has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.45%
Highmark has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 159 | $32,015,000 | $201,352 |