Belem Servicing Mortgage Rates, Fees & Info

SAINT GEORGE, UT

LEI: 549300OHLAHJ10DFF198

Tax ID: 26-1747501

3.9 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Belem Servicing is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Belem Servicing has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include St. George, Provo, Las Vegas, Phoenix, and Salt Lake City among others. Belem Servicing has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Belem Servicing is typically a high fee lendor.


Originations

1,044

Origination Dollar Volume (All Markets)

$327,400,000

Relative Rate

Belem Servicing 's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Belem Servicing 's average total fees for a 30 year fixed rate mortgage are $6,050.

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
ST. GEORGE, UT (FHA|USDA|VA) 448 $157,820,000 $352,277 $4,969 3.17%
PROVO-OREM, UT (FHA|USDA|VA) 51 $19,325,000 $378,922 $5,120 3.32%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 56 $14,070,000 $251,250 $5,615 3.08%
Outside of Metro Areas 40 $11,420,000 $285,500 $5,650 3.29%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 36 $9,390,000 $260,833 $6,867 2.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 23 $7,195,000 $312,826 $4,113 3.21%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 18 $6,450,000 $358,333 $9,805 2.66%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 18 $5,680,000 $315,556 $6,147 3.20%
Cedar City, UT (FHA|USDA|VA) 15 $5,315,000 $354,333 $6,358 3.27%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $4,195,000 $322,692 $9,923 2.81%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $3,965,000 $264,333 $8,041 2.84%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $3,960,000 $330,000 $8,693 2.37%
BOISE CITY, ID (FHA|USDA|VA) 13 $3,335,000 $256,538 $8,347 2.82%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $2,970,000 $297,000 $5,611 2.80%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,605,000 $372,143 $8,367 2.68%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $2,550,000 $318,750 $6,615 2.81%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,280,000 $285,000 $6,287 2.70%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $2,185,000 $312,143 $6,251 2.77%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,015,000 $287,857 $9,350 2.98%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,780,000 $296,667 $6,764 2.88%
LAS CRUCES, NM (FHA|USDA|VA) 7 $1,775,000 $253,571 $4,854 3.29%
RENO, NV (FHA|USDA|VA) 6 $1,680,000 $280,000 $7,155 2.85%
TUCSON, AZ (FHA|USDA|VA) 7 $1,535,000 $219,286 $6,801 2.91%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $1,535,000 $307,000 $7,197 2.83%
COLUMBUS, OH (FHA|USDA|VA) 7 $1,515,000 $216,429 $6,900 2.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,245,000 $249,000 $5,841 2.90%
ALBUQUERQUE, NM (FHA|USDA|VA) 6 $1,190,000 $198,333 $7,668 2.85%
SAVANNAH, GA (FHA|USDA|VA) 4 $1,190,000 $297,500 $12,339 2.44%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,843 3.09%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $13,059 2.71%
Jackson, WY-ID (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $18,313 3.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $970,000 $242,500 $5,022 2.69%
YUMA, AZ (FHA|USDA|VA) 3 $965,000 $321,667 $8,204 3.00%
Moscow, ID (FHA|USDA|VA) 2 $880,000 $440,000 $4,005 2.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $855,000 $285,000 $8,446 3.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $820,000 $410,000 $8,969 2.56%
BEND, OR (FHA|USDA|VA) 2 $820,000 $410,000 $16,488 2.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $805,000 $268,333 $7,403 3.08%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $800,000 $200,000 $3,282 2.78%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $790,000 $395,000 $9,060 2.75%
Pahrump, NV (FHA|USDA|VA) 2 $790,000 $395,000 $5,204 2.49%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $735,000 $735,000 $3,049 3.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $735,000 $245,000 $4,933 2.33%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $730,000 $365,000 $7,235 2.50%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $720,000 $360,000 $10,143 3.06%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $705,000 $235,000 $7,801 3.25%
TWIN FALLS, ID (FHA|USDA|VA) 3 $655,000 $218,333 $9,242 2.58%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $650,000 $325,000 $20,694 2.13%
BURLINGTON, NC (FHA|USDA|VA) 3 $625,000 $208,333 $6,191 2.58%
ANCHORAGE, AK (FHA|USDA|VA) 2 $620,000 $310,000 $9,988 2.63%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $620,000 $310,000 $11,343 2.88%
STOCKTON, CA (FHA|USDA|VA) 2 $570,000 $285,000 $7,260 2.19%
KNOXVILLE, TN (FHA|USDA|VA) 3 $565,000 $188,333 $3,286 3.04%
LOGAN, UT-ID (FHA|USDA|VA) 2 $560,000 $280,000 $8,952 2.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $545,000 $181,667 $6,416 3.08%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $540,000 $270,000 $4,609 3.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $4,960 3.25%
Outside of Metro Areas 2 $530,000 $265,000 $6,337 2.87%
Rexburg, ID (FHA|USDA|VA) 1 $525,000 $525,000 $5,313 3.38%
POCATELLO, ID (FHA|USDA|VA) 2 $520,000 $260,000 $8,678 2.44%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $520,000 $130,000 $5,337 3.00%
SALEM, OR (FHA|USDA|VA) 2 $510,000 $255,000 $8,208 3.00%
Roseburg, OR (FHA|USDA|VA) 3 $505,000 $168,333 $6,618 2.88%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $495,000 $495,000 $7,105 2.38%
Elko, NV (FHA|USDA|VA) 2 $470,000 $235,000 $4,038 2.69%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $460,000 $230,000 $9,426 3.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $440,000 $220,000 $6,355 2.87%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $440,000 $220,000 $4,799 3.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $430,000 $215,000 $6,966 2.94%
GREENVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $4,014 3.19%
DULUTH, MN-WI (FHA|USDA|VA) 2 $420,000 $210,000 $6,385 3.50%
LONGVIEW, WA (FHA|USDA|VA) 2 $420,000 $210,000 $12,120 3.50%
MORRISTOWN, TN (FHA|USDA|VA) 2 $420,000 $210,000 $5,521 2.00%
MADERA, CA (FHA|USDA|VA) 1 $415,000 $415,000 $4,945 2.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $390,000 $195,000 $8,975 2.31%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $390,000 $195,000 $7,121 2.94%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $380,000 $190,000 $5,145 2.81%
Easton, MD (FHA|USDA|VA) 2 $380,000 $190,000 $6,642 3.00%
Cullowhee, NC (FHA|USDA|VA) 1 $375,000 $375,000 $9,014 3.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $370,000 $185,000 $6,050 2.75%
MODESTO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $7,576 3.25%
GRANTS PASS, OR (FHA|USDA|VA) 1 $365,000 $365,000 $569 2.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $340,000 $170,000 $4,324 3.31%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $330,000 $165,000 $4,599 2.81%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $5,131 2.00%
GREELEY, CO (FHA|USDA|VA) 1 $315,000 $315,000 $5,135 3.50%
Mountain Home, ID (FHA|USDA|VA) 1 $315,000 $315,000 $7,451 2.25%
Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $5,405 2.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $305,000 $305,000 $8,338 1.75%
CASPER, WY (FHA|USDA|VA) 1 $295,000 $295,000 $3,395 3.99%
ASHEVILLE, NC (FHA|USDA|VA) 2 $290,000 $145,000 $4,513 2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,205 2.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $285,000 $285,000 $8,081 3.88%
REDDING, CA (FHA|USDA|VA) 1 $285,000 $285,000 $8,167 3.49%
Gallup, NM (FHA|USDA|VA) 1 $285,000 $285,000 $4,607 3.25%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,262 2.88%
Mineral Wells, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,869 2.75%
FRESNO, CA (FHA|USDA|VA) 1 $265,000 $265,000 $6,636 2.88%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $265,000 $265,000 $9,646 3.63%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $255,000 $255,000 $5,036 2.88%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $245,000 $245,000 $10,562 3.50%
BATON ROUGE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $7,362 3.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $235,000 $235,000 $6,668 3.00%
ALEXANDRIA, LA (FHA|USDA|VA) 1 $235,000 $235,000 $5,181 3.12%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $4,601 2.75%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $235,000 $235,000 $8,670 3.38%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $235,000 $235,000 $5,726 3.75%
Fernley, NV (FHA|USDA|VA) 1 $235,000 $235,000 $12,931 2.63%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $225,000 $225,000 $7,581 2.87%
DECATUR, AL (FHA|USDA|VA) 1 $225,000 $225,000 $4,430 3.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $215,000 $215,000 $5,510 2.00%
ROME, GA (FHA|USDA|VA) 1 $215,000 $215,000 $11,239 2.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,728 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $215,000 $215,000 $7,239 2.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,921 2.87%
MEDFORD, OR (FHA|USDA|VA) 1 $215,000 $215,000 $5,844 3.25%
Cullman, AL (FHA|USDA|VA) 1 $215,000 $215,000 $14,592 2.75%
VISALIA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $6,957 3.50%
Burley, ID (FHA|USDA|VA) 1 $205,000 $205,000 $9,974 2.75%
Chillicothe, OH (FHA|USDA|VA) 1 $205,000 $205,000 $5,448 3.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $205,000 $205,000 $3,733 3.25%
ANN ARBOR, MI (FHA|USDA|VA) 1 $205,000 $205,000 $10,341 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $6,450 3.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,944 2.88%
CHEYENNE, WY (FHA|USDA|VA) 1 $195,000 $195,000 $3,544 3.75%
RICHMOND, VA (FHA|USDA|VA) 1 $185,000 $185,000 $3,970 3.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $185,000 $185,000 $6,634 2.88%
HAMMOND, LA (FHA|USDA|VA) 1 $185,000 $185,000 $11,924 2.88%
Albert Lea, MN (FHA|USDA|VA) 1 $185,000 $185,000 $6,147 1.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $10,534 2.75%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $185,000 $185,000 $3,247 3.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $5,862 2.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $175,000 $175,000 $6,616 2.63%
CaƱon City, CO (FHA|USDA|VA) 1 $175,000 $175,000 $6,707 3.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $175,000 $175,000 $5,045 3.37%
EL PASO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,037 2.50%
NEW BERN, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,262 2.88%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $165,000 $165,000 $4,034 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,563 2.88%
LANCASTER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $8,152 2.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $165,000 $165,000 $3,940 3.00%
AKRON, OH (FHA|USDA|VA) 1 $155,000 $155,000 $1,932 2.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,357 3.12%
Vernal, UT (FHA|USDA|VA) 1 $145,000 $145,000 $3,389 3.37%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $145,000 $145,000 $4,977 3.00%
Calhoun, GA (FHA|USDA|VA) 1 $135,000 $135,000 $8,076 3.25%
MOBILE, AL (FHA|USDA|VA) 1 $115,000 $115,000 $3,280 4.25%

Belem Servicing 's top markets include St. George, Provo, Las Vegas, Phoenix, and Salt Lake City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 732 $233,190,000 $318,566 $4,840 3.21%
VA 225 $71,925,000 $319,667 $8,142 2.57%
FHA 87 $22,285,000 $256,149 $9,646 3.09%

For the 2021 period, Belem Servicing 's most frequently originated loan type of loans were Conventional, with 732 originations. Their 2nd most popular type is VA, with 225 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 414 $113,050,000 $273,068 $5,482 2.92%
Home Purchase 381 $141,425,000 $371,194 $5,485 3.17%
Cash Out Refi 227 $67,045,000 $295,352 $7,334 3.15%
Home Improvement 22 $5,880,000 $267,273 $8,107 2.86%

For the 2021, Belem Servicing 's most frequently cited loan purpose of loans were Refi, with 414 originations. The 2nd most popular reason of loans were Home Purchase, with 381 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 986 $313,480,000 $317,931 $6,050 3.08%
15 Year 31 $7,685,000 $247,903 $4,150 2.68%
20 Year 17 $4,035,000 $237,353 $3,692 2.93%
Other 7 $1,665,000 $237,857 $5,712 3.11%
10 Year 3 $535,000 $178,333 $2,820 2.92%

For the 2021, Belem Servicing 's most frequently cited loan length of loans were 30 Year, with 986 originations. The 2nd most popular length of loans were 15 Year, with 31 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 442 $143,510,000 $324,683
$3k-4k 213 $60,235,000 $282,793
$5k+ 181 $63,565,000 $351,188
$2k-3k 169 $46,435,000 $274,763
$<1k 38 $13,390,000 $352,368

$6,050 of loans were Belem Servicing 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 442 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 503 $166,485,000 $330,984
2.5-3% 402 $117,990,000 $293,507
<2.5% 122 $38,250,000 $313,525
4-5% 16 $4,400,000 $275,000
5-6% 1 $275,000 $275,000

During 2021, Belem Servicing 's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 3-4%, with 503 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 590 $172,220,000 $291,898 $6,104 3.05%
$400k-600k 225 $107,505,000 $477,800 $6,328 3.10%
$100k-200k 211 $35,445,000 $167,986 $4,819 3.03%
$600k-1MM 13 $9,855,000 $758,077 $10,133 3.38%
$100,000 or less 3 $255,000 $85,000 $2,698 3.29%
$1MM+ 2 $2,120,000 $1,060,000 $11,331 3.50%

2021 saw Belem Servicing place emphasis on $200k-400k loans with 590 originations, totaling $172,220,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 266 $72,230,000 $271,541 $6,212 3.12%
$50k or less 228 $57,660,000 $252,895 $5,700 2.73%
$75k-100k 215 $68,505,000 $318,628 $6,299 3.09%
$100k-150k 204 $74,540,000 $365,392 $5,703 3.23%
$150k-250k 86 $34,490,000 $401,047 $5,760 3.17%
$250k+ 36 $15,770,000 $438,056 $5,536 3.40%

Belem Servicing lent most frequently to those with incomes in the $50k-75k range, with 266 originations. The second most popular income band? $50k or less, with 228 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 124 $37,170,000 $299,758 $5,643 3.16%
20-30% 120 $36,030,000 $300,250 $5,139 3.10%
50-60% 53 $17,955,000 $338,774 $8,954 3.01%
42% 46 $15,000,000 $326,087 $5,860 3.13%
<20% 44 $12,590,000 $286,136 $4,509 2.98%
38% 41 $13,255,000 $323,293 $6,396 3.10%
40% 40 $12,710,000 $317,750 $6,117 3.10%
41% 35 $12,105,000 $345,857 $5,265 3.21%
44% 33 $12,205,000 $369,848 $5,387 3.20%
36% 33 $10,985,000 $332,879 $6,641 3.26%
43% 33 $9,855,000 $298,636 $6,888 3.21%
48% 31 $9,075,000 $292,742 $5,977 3.14%
47% 28 $8,970,000 $320,357 $5,095 3.12%
45% 25 $8,095,000 $323,800 $4,973 3.26%
49% 23 $7,005,000 $304,565 $7,244 3.28%
37% 21 $6,685,000 $318,333 $6,489 3.31%
39% 19 $6,955,000 $366,053 $7,175 3.01%
46% 18 $6,160,000 $342,222 $4,669 3.16%
>60% 3 $845,000 $281,667 $13,055 2.63%

Belem Servicing lent most frequently to those with DTI ratios of 30-36%, with 124 originations. The next most common DTI ratio? 20-30%, with 120 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 934 $297,320,000 $318,330 $5,824 3.07%
Black 49 $13,895,000 $283,571 $8,341 2.95%
Asian 25 $6,565,000 $262,600 $5,399 2.98%
American Indian 16 $4,270,000 $266,875 $5,045 3.30%
Not provided 14 $3,360,000 $240,000 $7,081 2.70%
Native Hawaiian 3 $1,145,000 $381,667 $7,384 2.96%
Filipino 2 $430,000 $215,000 $8,095 3.38%
Asian Indian 1 $415,000 $415,000 $3,671 3.25%

Approval Rates

Total approvals of all applications
94.44%

Belem Servicing has an average approval rate.

Pick Rate

Approvals leading to origination
50.65%

Belem Servicing has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 1,044 $327,400,000 $313,602

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,044 $327,400,000 $313,602

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 55 $12,575,000 $228,636 $3,767 3.09%
40-60% 160 $41,540,000 $259,625 $4,727 3.03%
60-80% 437 $135,835,000 $310,835 $5,567 3.13%
80-100% 383 $133,905,000 $349,621 $7,034 2.99%
Over 100% 7 $3,005,000 $429,286 $13,668 3.04%
Under 20% 1 $205,000 $205,000 $5,077 2.99%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Belem Servicing LLC Other type of mortgage Closing on a mortgage 1 100.0%