News

Citadel Servicing named as a Top Mortgage Workplace  22 February 2019 Mortgage companies both large and small, and from all areas of the industry, were invited to participate in MPA's first Top Mortgage Workplaces survey. Employees were asked to share what they love about their respective workplaces. From the hundreds of companies that participated, only 32 earned the title of Top Mortgage Workplace. And of the 68% of lenders who participated, CSC ranked in the top 10 of all lenders and…
Citadel sees another banner year in 2019 by Ryan Smith 11 February 2019 Citadel Servicing Corp. (CSC) had a great 2018, seeing over 104% growth from 2017 – and 2019 is already looking like another banner year. “We had our biggest month ever in January – over $180 million, and it’s all non-QM,” said Will Fisher, senior vice president and national sales and marketing director at CSC.  “Things are looking really, really bright over here.  Submissions are charging ahead, and we’re…
Citadel extends holiday special into spring by Ryan Smith 31 January 2019 Citadel Servicing Corp. (CSC) is extending its holiday special into a new spring special. “The holiday special performed really well for us. We were really happy with the volumes and the brokers were very happy with the pricing. So we decided to continue with a similar special through the end of March,” said Will Fisher, senior vice president and national sales and marketing director for CSC. “The pricing on the new…
Citadel continues to set records — even in the slow season by Ryan Smith 10 January 2019 With non-prime hotter than ever, Citadel Servicing Corp. (CSC) is continuing to set records – even at a traditionally slow time of year. “We had our largest month for fundings in wholesale this past month – a new record,” said Will Fisher, senior vice president and national sales and marketing director for CSC. “It’s about 10% higher than our previous record, which was August. I…
How Citadel keeps its rates low by Ryan Smith 11 December 2018 Citadel Servicing Corp.’s (CSC) holiday special is still going strong.  The special, good on all Maggi Plus and Non-Prime products, applies to loans that are in CSC’s closing department by Jan. 18. “We are reducing rates on all purchases by 0.375% and on all refinances by 0.25%,” said Will Fisher, senior vice president and national sales and marketing director for CSC.  “And as an added bonus, you can get another quarter…
Citadel rolls out holiday special by Ryan Smith 22 November 2018 With the holidays fast approaching, Citadel Servicing Corp. (CSC) is rolling out a special to help borrowers save money on their home loans. “We are going to be running a huge special extending now through the middle of January,” said Will Fisher, senior vice president and national sales and marketing director for CSC.  “For this month, we are calling it the ‘turducken’ of specials.” The special is good on all CSC’s…
Is your non-QM lender vertically integrated? by Ryan Smith 14 November 2018 With the non-QM space expanding exponentially, there seem to be new non-prime lenders practically every day.  Very few of those lenders, however, underwrite, audit, and service their loans – and that’s where Citadel Servicing Corp. (CSC) is different. “Servicing is in our name.  We’ve been servicing loans since 2003,” said Will Fisher, senior vice president and national sales and marketing director at CSC.  “As a non-prime lender in the wholesale,…
Citadel Servicing rolls out financing product for small multifamily properties By Jeremiah Jensen 26 October 2018 Citing growing market demand, Citadel Servicing Corp. has created a new non-prime/non-QM funding product for multifamily and mixed-use properties up to 35 units that it's calling the "Outside Dodd-Frank Plus Program. "The Outside Dodd-Frank Plus Program is an extension of Citadel’s Outside Dodd-Frank Program and offers loans for properties up to 35 units. Loan amounts are up to $3 million with a max loan-to-value ratio of 75%.“We…
Citadel debuts Outside Dodd-Frank® Plus program by Ryan Smith 23 October 2018 Citadel Servicing Corp. (CSC) has launched a new product for five- to 35-unit properties and mixed-use containing a livable unit with a bed. The Outside Dodd-Frank Plus program builds on CSC’s Outside Dodd-Frank (ODF) program to offer loans on properties up to 35 units, with loan amounts of up to $3 million and a maximum loan-to-value of 75%. “Basically, if it has a bed or living residence attached to…
Keeping business booming as rates rise by Ryan Smith 18 October 2018 With mortgage rates rising, there looks to be tough sledding ahead for traditional agency loans. But there are still plenty of borrowers out there according to Will Fisher, senior vice president of sales and marketing at Citadel Servicing Corp. – you just have to have the right product. Fisher said that much of the chatter at this year’s Mortgage Bankers Association conference was that non-prime is the play if…