Blmc Inc Mortgage Rates, Fees & Info
GREENVILLE, SCLEI: 549300M72BFCB8VRS626
Tax ID: 58-2440506
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Blmc Inc is a smaller mortgage company specializing in Home Purchase loans. Blmc Inc has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Greenville, Spartanburg, Seneca, and Charleston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Blmc Inc 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. Blmc Inc is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
125Origination Dollar Volume (All Markets)
$24,725,000Awards
BLMC INC - 2018
BLMC INC is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for BLMC INC?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 99 | $20,095,000 | $202,980 | $4,827 | 4.58% |
| SPARTANBURG, SC (FHA|USDA|VA) | 22 | $3,470,000 | $157,727 | $4,093 | 4.61% |
| Seneca, SC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,869 | 5.12% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,742 | 5.75% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $3,320 | 4.38% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against BLMC INC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 285
Similarity Rank: 561
Similarity Rank: 755
Similarity Rank: 780
Similarity Rank: 882
Similarity Rank: 1036
Similarity Rank: 1131
Similarity Rank: 1444
Similarity Rank: 1751
Similarity Rank: 1800
Product Mix
For 2018, Blmc Inc's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was FHA, with 31 originations.
Loan Reason
For 2018, Blmc Inc's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2018, Blmc Inc's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 66 | $13,170,000 | $199,545 |
| $<1k | 50 | $9,740,000 | $194,800 |
| $2k-3k | 7 | $1,325,000 | $189,286 |
| $5k+ | 2 | $490,000 | $245,000 |
Blmc Inc's average total fees were $4,744, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 66 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 98 | $20,220,000 | $206,327 |
| 3-4% | 14 | $2,350,000 | $167,857 |
| 5-6% | 13 | $2,155,000 | $165,769 |
During 2018, Blmc Inc's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 98 originations.
Loan Sizing
2018 saw Blmc Inc place emphasis on $100k-200k loans with 63 originations, totaling $9,295,000 in origination value.
Applicant Income
Blmc Inc lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
Blmc Inc lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Blmc Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.20%
Blmc Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 125 | $24,725,000 | $197,800 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 125 | $24,725,000 | $197,800 |