News

Citadel Servicing has banner year – and no plans to slow down by Ryan Smith 12 Dec 2017     Non-prime lending is officially booming, and Citadel Servicing Corp. is booming right along with it. The company had its best year ever in 2017 – and has even bigger plans for 2018. “It’s been a great year,” said Will Fisher, senior vice president and national sales and marketing manager for Citadel Servicing Corp (CSC). “We’ve had a month-over-month increase of 162%…
Citadel introduces employment-verification only loan by Ryan Smith 21 Nov 2017     Citadel Servicing Corp. (CSC) has launched a new program that allows borrowers to only use a simple verification of employment to apply for a mortgage. “You just provide an employer-prepared verification of employment document,” said Will Fisher, senior vice president and national sales and marketing manager for CSC. “All you have to do is have a continuous two years of employment verified by that VOE, and a voice…
Will Fisher at NAMB National 2017 Joel Berman interviews Sr. Vice President of Loan Origination at Citadel Servicing, Will Fisher at NAMB National 2017s.
Self-employed turn to non-bank lenders to crack the housing market Customers include the self-employed and those who rely on bonuses as a substantial part of their income. Sharon L. Lynch Published 11:50 AM ET Wed, 1 Nov 2017 An increasing share of aspiring U.S. homebuyers are getting mortgages from "non-banks" that can accommodate borrowers in ways traditional lenders may not. Six of the top 10 home lenders by volume now fall into this category. Customers include the self-employed and those…
Citadel and The Changes To Non-Prime Lending Non-prime is coming back in a big way. At the forefront of this resurgence is Citadel Servicing Corporation. MPA recently chatted with Citadel’s Tony Guidicessi about what sets Citadel apart from the pack – and how non-prime has changed since the pre-crisis days.  
Citadel Servicing posts record month  17 Oct 2017     Citadel Servicing Corp. is planning to boost its monthly originations of non-QM loans in the next six months with the help of new incentives to borrowers and brokers, according to CEO Daniel Perl. The lender known for its non-prime non-QM products is targeting originations of USD 125m–USD 150m per month, compared with levels in the mid USD 80m area currently, he said. Among the incentives, Citadel has lowered interest rates by…
Citadel Servicing posts record month by Jeff Lazerson | 28 Sep 2017     What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 3.83 percent, unchanged from last week. The 15-year fixed averaged 3.13 percent, also unchanged from last week. The Mortgage Bankers Association reported loan application volume was unchanged from the previous week. Bottom line: Assuming a borrower gets the average…
Citadel Servicing posts record month by Ryan Smith 19 Sep 2017     The non-prime space is growing, and Citadel Servicing Corp. is seeing the benefits. The company had a record month in August, with more than $200 million in non-prime originations. “That is exclusively non-prime, non-QM originations,” said Will Fisher, CSC’s senior vice president of national sales and marketing. “We’re firing on all cylinders, preparing for the end of the year. We received more loans last month than we have…
Citadel launches new one-month bank statement program by Ryan Smith 11 Aug 2017     One of the main problems with traditional mortgages is that they’re best for people who fit into a very narrow box.  Prospective homebuyers who fall outside that box – even ones with good credit and a sterling history of repayment – might find it hard to get a loan.  Now a leader in the non-prime space has introduced an innovative product to help those customers. Citadel…
CSC head recognized for revitalizing non-prime by Ryan Smith 27 Jun 2017     The head of Citadel Servicing Corp. (CSC) has been recognized for helping make non-prime lending a viable business model again. Kyle Gunderlock, president and COO of CSC, has been recognized as one of HousingWire’s 2017 Rising Stars. Gunderlock built Citadel from a three-person company at its formation in 2003 to more than 150 today. Since 2013, CSC has funded more than $1 billion in non-QM loans. The…