BNC Mortgage Corporation was originally incorporated in Virginia on August 21, 1991 as Weinco, Inc. , a family-run company 100% owned by Eric Weinstein.

Weinco lay dormant until September 1995 when it changed its name to BNC Mortgage Corporation and applied for a Virginia Mortgage Brokers license. The State of Virginia requires an exhaustive credit, financial, work experience and personal reference check of all corporate officers before approving a Virginia Mortgage Broker license.

On October 31, 1995, the corporation received its license and opened for business as a Virginia mortgage broker. Its other state licenses soon followed. As of fiscal year end 2002, BNC Mortgage Corporation operated business in all 50 states, including Washington, D.C., with over 2000 loan officers generating billions in loans per year, and growing.