Belem Servicing Mortgage Rates, Fees & Info
SAINT GEORGE, UTLEI: 549300OHLAHJ10DFF198
Tax ID: 26-1747501
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Mortgage Data
Review & Overview
Belem Servicing is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Belem Servicing has a high proportion of conventional loans. Their top markets by origination volume include: St. George, Provo, Phoenix, Seattle, and Los Angeles among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Belem Servicing 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. Belem Servicing 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.67% | 4/22/24 |
| 30 Year Conventional Refi | 6.74% | 4/22/24 |
| 30 Year Cash-out Refi | 6.89% | 4/22/24 |
| 30 Year FHA Purchase | 7.63% | 4/22/24 |
| 30 Year FHA Refi | 7.09% | 4/22/24 |
| 30 Year VA Purchase | 6.45% | 4/22/24 |
| 30 Year VA Refi | 6.08% | 4/22/24 |
| 15 Year Conventional Purchase | 6.72% | 4/22/24 |
| 15 Year Conventional Refi | 7.06% | 4/22/24 |
| 15 Year Cash-out Refi | 7.06% | 4/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Belem Servicing Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
187Origination Dollar Volume (All Markets)
$54,105,000Awards
BELEM SERVICING - 2018
BELEM SERVICING is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. GEORGE, UT (FHA|USDA|VA) | 62 | $16,190,000 | $261,129 | $4,621 | 4.94% |
| PROVO-OREM, UT (FHA|USDA|VA) | 11 | $3,615,000 | $328,636 | $4,744 | 4.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $3,295,000 | $253,462 | $6,802 | 4.42% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $3,025,000 | $432,143 | $17,461 | 4.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,655,000 | $379,286 | $10,249 | 3.59% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $4,564 | 4.89% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $2,000,000 | $333,333 | $12,102 | 4.10% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $3,837 | 4.29% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $6,422 | 4.19% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,600,000 | $400,000 | $17,558 | 3.25% |
| Outside of Metro Areas | 7 | $1,505,000 | $215,000 | $5,069 | 4.39% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $9,402 | 4.31% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $22,151 | 4.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $10,427 | 3.81% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $7,144 | 3.92% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $8,113 | 3.87% |
| Cedar City, UT (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,961 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $7,997 | 2.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $13,715 | 4.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,091 | 4.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $31,734 | 3.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,150 | 4.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,356 | 5.13% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,753 | 4.19% |
| Newport, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,677 | 5.25% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,112 | 3.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,935 | 5.05% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,841 | 5.38% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,130 | 4.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,315 | 4.63% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,581 | 2.50% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,408 | 3.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $15,077 | 3.75% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,655 | 4.25% |
| Gallup, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,146 | 4.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,586 | 3.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,809 | 4.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,121 | 3.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,793 | 5.13% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,104 | 4.88% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,745 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against BELEM SERVICING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| VA | 101 | $31,845,000 | $315,297 | $9,679 | 4.02% |
| Conventional | 86 | $22,260,000 | $258,837 | $4,279 | 4.98% |
For 2018, Belem Servicing's most frequently originated type of loan was VA, with 101 originations. Their 2nd most popular type was Conventional, with 86 originations.
Loan Reason
For 2018, Belem Servicing's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 58 originations.
Loan Duration/Length
For 2018, Belem Servicing's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Belem Servicing's average total fees were $7,216, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 48 originations.
Interest Rates
During 2018, Belem Servicing's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 107 originations.
Loan Sizing
2018 saw Belem Servicing place emphasis on $200k-400k loans with 99 originations, totaling $28,515,000 in origination value.
Applicant Income
Belem Servicing lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $50k-75k, with 46 originations.
Applicant Debt to Income Ratio
Belem Servicing lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 50-60%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.68%
Belem Servicing has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination33.69%
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 | 187 | $54,105,000 | $289,332 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $465,000 | $155,000 |
| Single Family (1-4 Units):Site-Built | 184 | $53,640,000 | $291,522 |