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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…
Citadel Servicing breaks ground with new specials  by Ryan Smith 10 October 2018 As the non-QM market heats up, Citadel Servicing Corp. (CSC) continues to break new ground. “We’re still growing,” said Will Fisher, senior vice president of national sales and marketing at CSC.  “We have seven new folks starting in our next account executive class, and about 17 to 20 folks will be starting over the next few days.  We also have a new special rolling out – two new specials,…
Executive Conversation: Daniel Perl on the resurrection of the non-prime market By Sarah Wheeler 2 October 2018 Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Daniel Perl, chief executive officer of Citadel Servicing Corp., to discuss how his company is changing the narrative on non-prime loans.  Q. What is driving the recent surge of…
Citadel expands programs to serve more borrowers by Ryan Smith 24 September 2018 As Citadel Servicing Corp. (CSC) continues to grow, they are expanding their programs to serve a broader segment of prospective homeowners. “We’re expanding our verification of employment (VOE) and one-month bank statement programs,” said Will Fisher, senior vice president and national sales and marketing director at CSC. “We had a $250,000 loan minimum, and we are now going down to a $150,000 minimum loan amount. That’s really going…
Citadel named 8th fastest growing company in Orange County Orange County Business Journal 17 September 2018 The Orange County Business Journal has named Citadel Servicing Corp. (CSC) the 8th fastest growing private midsize company in Orange County, California. To be named to the list, companies must achieve at least 15% revenue growth over a two-year period, a number that Citadel far exceeded by achieving growth of 191%. Fastest Growing Private Midsize Companies