The company plans to increase its efforts in the non-QM correspondent lending space
"To quote 'Jaws', we need a bigger boat"
Citadel Servicing Corp. recently went live with two state-of-the-art solutions to provide originators with 24/7 access to pricing
With the Fed likely to raise rates again this year and demand for non-QM products on the rise, Citadel is growing to meet the challenge
The CFPB has issued a clarification prohibiting non-QM lenders from considering borrowers’ down payments among their assets
The 23-year industry veteran joins Angel Oak after working at Freedom Mortgage
As the market for non-prime loans continues to grow, it’s opening up new sectors of the business for lenders who offer non-QM products
Non-QM loan originations fell in 2016, but dollar volume was up. That’s because as banks back away from non-prime, other lenders are stepping up to fill the void