Citigroup Courting Correspondent Lenders: Are You On Board?

Citigroup Inc.  is seeking to increase its U.S. mortgage business, partly by increasing purchases of home loans from other firms, according to Jane Fraser, who oversees the lending. The effort to expand Citigroup’s share of a market curbed by higher interest rates, consumer aversion to debt and new regulations will include a renewed focus on buying mortgages from correspondent lenders, Fraser said. It plans to use its balance sheet to hold loans as part of the push, she said.

What about your organization? Are you atking advantage of the burgeoning correspondent lending business? 

OpenClose has developed a great correspondent lending guide on what you need to know including the pitfalls and tips.

Download the free eBook here.

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or if you’re ready to see the software, click here: