Items Tagged with 'Citadel Servicing Corp.'

ARTICLES

  • Executive Conversation: Daniel Perl on the resurrection of the non-prime market

    Citadel Servicing Corp. offers sound lending programs and full vertical seamless integration
    Dan Perl, CEO of Citadel Servicing Corp., talks about the opportunities presented by non-prime loans in our latest Executive Conversation. "Non-prime offers a viable alternative to penetrate a market that has been insufficiently mined for the past 10 years. Additionally, it is a loan product that has not become a commodity so there is room to gain market recognition in addition to the profit motive."
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    Citadel Servicing Corp.

    Citadel Servicing Corp. offers multiple options for income qualification

    One-month bank statement program recognizes self-employed workers
    The number of self-employed workers in the U.S. continued to rise in 2017, climbing to 40.8 million people, which translates to 31% of the private work force. But while the number of self-employed workers earning $100,000 or more increased almost 5% last year, their ability to get a mortgage loan is often hampered by their nontraditional income status. Citadel Servicing Corp. offers these borrowers multiple options for income qualification, including a one-month bank statement program.
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  • From HW Magazine

    2017 Rising Stars: Kyle Gunderlock

    President and COO of Citadel Servicing Corp.
    Since 2013, the company has funded more than $1 billion worth of non-QM/non-prime loans. Until 2013, secondary market participants did not exist for this loan product, but four years later there are multiple major Wall Street banks and hedge funds looking for this asset class due to the efforts of Kyle Gunderlock’s team. For 2017, CSC is on a run rate to fund more than $1 billion in this year alone. 
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  • From HW Magazine

    Citadel Servicing Corp. provides alternative lending products

    Self-employed borrowers can document income with bank statements
    The company’s decision to allow self-employed borrowers to document their income in the form of bank statements is a game-changer, opening the door for the growing number of workers in the sharing economy or those who otherwise want to take advantage of tax breaks by writing off expenses.
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  • Sponsored By
    Citadel Servicing Corp.

    Is subprime lending ready for a comeback?

    Citadel Servicing Corp. makes a strong move into underserved market
    About four years ago, Citadel Servicing Corp., based in Irvine, California, became the first company since 2008 to expand the credit box by offering standard and alternative income documentation products to borrowers, funding loans as high as $3 million and offering a second-lien program. But the company takes an entirely different approach than the practices often associated with subprime lending, creating programs that effectively manage the risk involved.
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