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Monday, December 24, 2012

CitiMortgage Wholesale Lending, Broker, Correspondent

CitiMortgage Wholesale Lending division continues to be a leading player in the second mortgage market. This is probably because of the extensive line of products and services that the bank has designed to cater to any business situation. Moreover, CitiMortgage wholesale lending operations are marked by the quality of service, efficiency and speed that are vitally important to build a strong partnership with the bank, whether for a broker or a correspondent.


Wholesale Lenders originate and service loans and then sell them on the secondary mortgage market. Focused business approach, unbound growth potential, and the power of being one of the largest financial services companies in the world make CitiMortgage Wholesale Lending Division unique among all other market players.


CitiMortgage carries out its wholesale lending operations with the help of independent brokers and correspondents. Moreover, it has separate divisions to cater to their different requirements and provide the tools and services that they need the most to excel in their businesses.

CitiMortgage Broker Lending


CitiMortgage offers an array of products, programs and processes to help brokers meet their customers' requirements. The range of product line covers agency conventional as well as government products, which may include 10-40 year fixed, 30 year fixed rate interest only, LIBOR ARMs and LIBOR ARMs Interest Only in the former category. The government loan products include FHA loans (15 & 30 year fixed, 1 year ARM and Hybrid ARMs) and VA Loans (10-30 year fixed rate and Hybrid ARMs).


Under its special programs for brokers CitiMortgage offers DU Flexible Mortgage, DU Refi Plus, Corporate Relocation, Freddie Alt 97 and Freddie Relief Refinance (LP Open Access & Manual Underwrite). At CitiMortgage wholesale lending, you will find a host of documentation processes that may include Desktop Underwriter, Modified/Standard, Loan Prospector, CtitQuick, FHA Streamline Refinance, CRA Full Doc/High LTV and VA Interest Rate Reduction Refinance (IRRRL).

CitiMortgage Correspondent Lending

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