Citigroup combines CitiMortgage and CitiFinancial MortgageMortgagePress.comCitiMortgage, CitiFinancial Mortgage, Citigroup
Citigroup Inc. has combined its CitiMortgage Inc. and
CitiFinancial Mortgage Inc. subsidiaries into a single entity under
the CitiMortgage Inc. name. The newly combined company will now
sell both prime and non-prime residential mortgages, whereas before
the merge, CitiMortgage Inc. specialized in only prime residential
mortgages, while CitiFinancial Mortgage Inc. specialized in
non-prime residential mortgages.
"This customer-focused initiative provides consumers, brokers
and correspondents with a broader range of products across a wider
credit spectrum," said Carl Levinson, president and CEO of
Citigroup Inc.'s Consumer Lending Group, of which CitiMortgage Inc.
is a part. "More simply put, it will be easier and more convenient
for customers to do business with us."
Citigroup Inc. is a financial services company based in New
York. For more information, call (800) 285-3000 or visit www.citigroup.com.
CitiMortgage Inc. is a prime and non-prime residential mortgage
lender based in Frederick, Md. For more information, call (800)
667-8424 or visit www.citimortgage.com.