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 Bangor 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 above 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

163

Origination Dollar Volume (All Markets)

$30,535,000

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) 102 $23,080,000 $226,275 $0 0.00%
Augusta-Waterville, ME (FHA|USDA|VA) 32 $3,750,000 $117,188 $0 0.00%
Outside of Metro Areas 18 $2,340,000 $130,000 $0 0.00%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 7 $745,000 $106,429 $0 0.00%
BANGOR, ME (FHA|USDA|VA) 4 $620,000 $155,000 $0 0.00%
Cport's top markets include Portland, Augusta, Lewiston, and Bangor among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $30,535,000 $187,331 $0 0.00%

    For 2022, Cport's most frequently originated type of loan was Conventional, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $16,760,000 $310,370 $0 0.00%
    Home Improvement 49 $3,175,000 $64,796 $0 0.00%
    Refi 26 $4,650,000 $178,846 $0 0.00%
    Cash Out Refi 18 $4,600,000 $255,556 $0 0.00%
    Other 16 $1,350,000 $84,375 $0 0.00%

    For 2022, Cport's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Home Improvement, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 163 $30,535,000 $187,331 $0 0.00%

    For 2022, Cport's most frequently cited loan duration was Other, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,710,000 $53,000 $0 0.00%
    $200k-400k 43 $12,255,000 $285,000 $0 0.00%
    $100k-200k 35 $5,165,000 $147,571 $0 0.00%
    $400k-600k 9 $4,245,000 $471,667 $0 0.00%
    $600k-1MM 4 $2,800,000 $700,000 $0 0.00%
    $1MM+ 2 $2,360,000 $1,180,000 $0 0.00%

    2022 saw Cport place emphasis on $100,000 or less loans with 70 originations, totaling $3,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $7,415,000 $200,405 $0 0.00%
    $75k-100k 36 $6,910,000 $191,944 $0 0.00%
    $150k-250k 31 $5,675,000 $183,065 $0 0.00%
    $50k-75k 30 $3,660,000 $122,000 $0 0.00%
    $50k or less 21 $2,025,000 $96,429 $0 0.00%
    $250k+ 6 $4,040,000 $673,333 $0 0.00%

    Cport lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $75k-100k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 163 $30,535,000 $187,331 $0 0.00%

    Cport lent most frequently to those with DTI ratios of Exempt%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $22,480,000 $172,923 $0 0.00%
    Not provided 18 $4,790,000 $266,111 $0 0.00%
    Black 5 $1,225,000 $245,000 $0 0.00%
    Asian 6 $850,000 $141,667 $0 0.00%
    Not applicable 2 $810,000 $405,000 $0 0.00%
    Other Asian 1 $345,000 $345,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.31%

    Cport has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.87%

    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 163 $30,535,000 $187,331

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    163 $30,535,000 $187,331