Cport Mortgage Rates, Fees & Info
Portland, MELEI: 549300HNQDVXN8569N58
Tax ID: 01-0079380
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Mortgage Data
Review & Overview
Cport is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Cport has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, and Lewiston among others. We have data for 4 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
114Origination Dollar Volume (All Markets)
$18,370,000Top 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) | 79 | $13,435,000 | $170,063 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 19 | $2,885,000 | $151,842 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,165,000 | $129,444 | $0 | 0.00% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 7 | $885,000 | $126,429 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $18,370,000 | $161,140 | $0 | 0.00% |
For 2020, Cport's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2020, Cport's most frequently cited loan purpose was Home Improvement, with 30 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 | 114 | $18,370,000 | $161,140 | $0 | 0.00% |
For 2020, Cport's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2020 saw Cport place emphasis on $100,000 or less loans with 51 originations, totaling $2,665,000 in origination value.
Applicant Income
Cport lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $18,370,000 | $161,140 | $0 | 0.00% |
Cport lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.65%
Cport has an average approval rate.
Pick Rate
Approvals leading to origination64.04%
Cport 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 |
|---|---|---|---|
| Exempt | 114 | $18,370,000 | $161,140 |