Belem Servicing Mortgage Rates, Fees & Info

SAINT GEORGE, UT

LEI: 549300OHLAHJ10DFF198

Tax ID: 26-1747501

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & 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. 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: St. George, Provo, Las Vegas, Phoenix, and Salt Lake City among others. We have data for 147 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.67% 12/16/24
    30 Year Conventional Refi 6.74% 12/16/24
    30 Year Cash-out Refi 6.89% 12/16/24
    30 Year FHA Purchase 7.63% 12/16/24
    30 Year FHA Refi 7.09% 12/16/24
    30 Year VA Purchase 6.45% 12/16/24
    30 Year VA Refi 6.08% 12/16/24
    15 Year Conventional Purchase 6.72% 12/16/24
    15 Year Conventional Refi 7.06% 12/16/24
    15 Year Cash-out Refi 7.06% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Belem Servicing. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,044

    Origination Dollar Volume (All Markets)

    $327,400,000

    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) 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%
    Cañon 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.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 732 $233,190,000 $318,566 $4,840 3.21%
    VA 225 $71,925,000 $319,667 $8,142 2.57%
    FHA 86 $22,020,000 $256,047 $9,646 3.08%
    FHA 1 $265,000 $265,000 $0 3.30%

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Belem Servicing's most frequently cited loan purpose was Refi, with 414 originations. The 2nd most popular reason was 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 2021, Belem Servicing's most frequently cited loan duration was 30 Year, with 986 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 442 $143,510,000 $324,683
    $5k+ 181 $63,565,000 $351,188
    $2k-3k 169 $46,435,000 $274,763
    $3k-4k 117 $32,955,000 $281,667
    $4k-5k 96 $27,280,000 $284,167
    $<1k 38 $13,390,000 $352,368

    Belem Servicing's average total fees were $6,050, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.08%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    97.72%

    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 origination
    48.75%

    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%