CitiMortgage (good SmartAsset advertisements mate), headquartered when you look at the St. Louis, try situated from inside the 1979. Since company has actually historically began home loans and additionally maintained him or her, inside 2017, they announced it can no more service mortgage brokers. As an alternative, CitiMortgage tend to originate funds then promote the existing financial to some other business to possess upkeep. This can be a familiar habit one of lenders.
CitiMortgage belongs to Citigroup, among very-entitled large five banks in the You.S., alongside JPMorgan Chase, Financial off The usa and you will Wells Fargo. Citigroup’s background stems back into 1812 whenever City Financial of brand new York, the newest ancestor regarding Citibank, try based. (more…)