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The Camden National Bank

Bank|Camden, ME|Multi-Region
Loans Originated
745
Applications
1,023
Volume
$331 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate AwardsConventional SuperstarFHA SuperstarVA SuperstarJumbo SuperstarPurchase SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
+0.094%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$992
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.8%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans

Report Card

The Camden National Bank performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
StrongHighly Competitive
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Jumbo
StrongHighly Competitive
USDA
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
StrongHighly Competitive
Places
Geographic coverage
StrongMulti-Regional · 7 metro areas · 12 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$445,591
Average Borrower Income
$233,393
Average Property Value
$655,591

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Strong
58478.4%+0.145%$1,030
FHA Loans
Strong
Strong
Exceptional
Sound
496.6%-0.166%$1,046
VA Loans
Strong
Strong
Exceptional
Strong
263.5%-0.823%$832
Jumbo Loans
Strong
Strong
Strong
Strong
749.9%+0.286%$648
USDA Loans
Sound
Strong
N/A
Sound
121.6%-0.507%$1,044

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Strong
64786.8%+0.103%$1,036
Refinance
Strong
Strong
Strong
Strong
9813.2%+0.039%$728

Geographic Coverage

Metro Areas
6
States Served
12
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

DEFLMAMDMENCNHNJRISCVAVT

Top Metro Areas by Place Specialization Score

1
Portland, MEMSA
Volume: 304Mix: 40.81%
Place Specialization
Exceptional
2
Bangor, ME, MEMSA
Volume: 49Mix: 6.58%
Place Specialization
Strong
3
Lewiston, MEMSA
Volume: 25Mix: 3.36%
Place Specialization
Strong
4
Boston, MA, MAMSA
Volume: 20Mix: 2.68%
Place Specialization
Sound
5
Rockingham County, NHMSA
Volume: 13Mix: 1.74%
Place Specialization
Sound
6
Cambridge, MAMSA
Volume: 15Mix: 2.01%
Place Specialization
Sound

Top States by Place Specialization Score

1
MEState
Volume: 647Mix: 86.85%
Place Specialization
Exceptional
2
MAState
Volume: 44Mix: 5.91%
Place Specialization
Sound
3
NHState
Volume: 19Mix: 2.55%
Place Specialization
Sound
4
VTState
Volume: 13Mix: 1.74%
Place Specialization
Sound
5
FLState
Volume: 12Mix: 1.61%
Place Specialization
Acceptable

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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