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 Refi and Home Purchase 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.) Their top markets by origination volume include: Rapid City, Spearfish, Gillette, Denver, and Casper 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 a below average pick rate when compared to similar lenders.
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Originations
181Origination Dollar Volume (All Markets)
$42,375,000Top 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) | 110 | $23,880,000 | $217,091 | $0 | 0.00% |
| Outside of Metro Areas | 34 | $7,290,000 | $214,412 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 13 | $4,455,000 | $342,692 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 13 | $2,845,000 | $218,846 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CASPER, WY (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 160 | $36,680,000 | $229,250 | $0 | 0.00% |
| VA | 19 | $5,175,000 | $272,368 | $0 | 0.00% |
| FHA | 2 | $520,000 | $260,000 | $0 | 0.00% |
For 2021, Highmark's most frequently originated type of loan was Conventional, with 160 originations. Their 2nd most popular type was VA, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 136 | $31,550,000 | $231,985 | $0 | 0.00% |
| Home Purchase | 41 | $9,845,000 | $240,122 | $0 | 0.00% |
| Other | 4 | $980,000 | $245,000 | $0 | 0.00% |
For 2021, Highmark's most frequently cited loan purpose was Refi, with 136 originations. The 2nd most popular reason was Home Purchase, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 181 | $42,375,000 | $234,116 | $0 | 0.00% |
For 2021, Highmark's most frequently cited loan duration was Other, with 181 originations.
Loan Sizing
2021 saw Highmark place emphasis on $200k-400k loans with 82 originations, totaling $22,290,000 in origination value.
Applicant Income
Highmark lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $75k-100k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 181 | $42,375,000 | $234,116 | $0 | 0.00% |
Highmark lent most frequently to those with DTI ratios of Exempt%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.70%
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 origination86.74%
Highmark has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 181 | $42,375,000 | $234,116 |