Cport Mortgage Rates, Fees & Info

Portland, ME

LEI: 549300HNQDVXN8569N58

Tax ID: 01-0079380

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Mortgage Data

Review & Overview

Cport is a smaller mortgage company specializing in Home Purchase loans. Cport has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, Lewiston, and Berlin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cport has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

127

Origination Dollar Volume (All Markets)

$19,835,000

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
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 89 $15,685,000 $176,236 $0 0.00%
Augusta-Waterville, ME (FHA|USDA|VA) 26 $2,400,000 $92,308 $0 0.00%
Outside of Metro Areas 8 $1,220,000 $152,500 $0 0.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
Berlin, NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Cport's top markets include Portland, Augusta, Lewiston, and Berlin among others.

Their top states include:
  • Maine (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $19,835,000 $156,181 $0 0.00%

    For 2018, Cport's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $12,875,000 $242,925 $0 0.00%
    Cash Out Refi 28 $3,640,000 $130,000 $0 0.00%
    Home Improvement 26 $1,560,000 $60,000 $0 0.00%
    Other 13 $535,000 $41,154 $0 0.00%
    Refi 7 $1,225,000 $175,000 $0 0.00%

    For 2018, Cport's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $19,835,000 $156,181 $0 0.00%

    For 2018, Cport's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 54 $2,730,000 $50,556 $0 0.00%
    $200k-400k 38 $10,030,000 $263,947 $0 0.00%
    $100k-200k 30 $4,620,000 $154,000 $0 0.00%
    $400k-600k 4 $1,760,000 $440,000 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2018 saw Cport place emphasis on $100,000 or less loans with 54 originations, totaling $2,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $6,905,000 $209,242 $0 0.00%
    $75k-100k 32 $4,130,000 $129,063 $0 0.00%
    $50k-75k 30 $4,410,000 $147,000 $0 0.00%
    $50k or less 20 $1,910,000 $95,500 $0 0.00%
    $150k-250k 9 $1,805,000 $200,556 $0 0.00%
    $250k+ 1 $305,000 $305,000 $0 0.00%

    Cport lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $75k-100k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $19,835,000 $156,181 $0 0.00%

    Cport lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $16,420,000 $152,037 $0 0.00%
    Not provided 10 $2,180,000 $218,000 $0 0.00%
    Not applicable 2 $370,000 $185,000 $0 0.00%
    Asian 2 $300,000 $150,000 $0 0.00%
    American Indian 2 $260,000 $130,000 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%
    Asian Indian 1 $95,000 $95,000 $0 0.00%
    Filipino 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.35%

    Cport has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.40%

    Cport has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $19,835,000 $156,181

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $370,000 $185,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 124 $19,410,000 $156,532