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The Camden National Bank

BankCamden, MEDirect to Consumer

We analyzed every closed loan from The Camden National Bank 745 loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Strong
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 6 mkts
Safe Rate AwardsConventional SuperstarFHA SuperstarVA SuperstarJumbo SuperstarPurchase SuperstarRefinance Superstar

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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

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Report Card

The Camden National Bank performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Highly Competitive
+9.4 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Strong
Highly Competitive
Top 40% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Strong
Highly Competitive
Top 40% of lenders
USDA
Strong
Highly Competitive
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Highly Competitive
Top 40% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Strong
Highly Competitive
Top 40% of lenders
Multi-Regional7 markets

Loan Product Performance

Performance by Loan Product

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

Loan Purpose Performance

Performance by Loan Purpose

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

At a Glance

Lender Overview

Lending Activity
Loans Originated
745
Applications
1,023
Volume
$331 million
Pricing & Closing
Avg Rate Spread
+0.094%
vs. market APOR
Avg Net Fees
$992
Origination − Credits
Pullthrough Rate
72.8%
Applications → Closed
Typical Borrower
Avg Loan Amount
$445,591
Avg Borrower Income
$233,393
Avg Property Value
$655,591

Geographic Coverage

Geographic Performance

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

Top States by Place Specialization Score

1
MEState
Volume: 647Mix: 86.85%of portfolio
Place
Exceptional
2
MAState
Volume: 44Mix: 5.91%of portfolio
Place
Sound
3
NHState
Volume: 19Mix: 2.55%of portfolio
Place
Sound
4
VTState
Volume: 13Mix: 1.74%of portfolio
Place
Sound
5
FLState
Volume: 12Mix: 1.61%of portfolio
Place
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.