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1000 Technology Dr. O'Fallon, MO 63368 MO Tel. 636-261-2484 |
Type: Subsidiary
On the web:
http://www.citimortgage.com
Let's face it, 2008 was not a good year to have "mortgage" in your name. The mortgage lending unit of Citigroup, CitiMortgage originates and services residential mortgages throughout the US. It manages most of its parent's $750 billion mortgage portfolio. CitiMortgage also offers refinancing and investment products. The company sells through retail, online, and correspondent channels. CitiMortgage is among the riskier businesses of Citigroup, which in 2009 announced that it would split itself up. CitiMortgage and other money-losing units such as CitiFinancialwell be hived off to form a new business, Citi Holdings. The reorganization will also allow Citigroup to spin off or sell struggling assets to raise money.
Officers:
President and CEO: Sanjiv Das
CFO: Mortgage Banking & Related Services
Competitors:
Bank of America
JPMorgan Chase
Wells Fargo Home Mortgage
