CitiMortgage (an excellent SmartAsset advertising companion), based during the St. Louis, is actually dependent inside the 1979. Given that organization keeps typically started lenders together with serviced them, in the 2017, they established it would not any longer service mortgage brokers. As an alternative, CitiMortgage have a tendency to originate money next promote the existing home loan to some other organization getting repair. This is a familiar habit one of mortgage lenders.
CitiMortgage falls under Citigroup, among the so-named large four banking companies regarding the U.S., next to JPMorgan Pursue, Financial away from The usa and you may Wells Fargo. Citigroup’s records stems back once again to 1812 whenever City Financial of the latest York, the brand new predecessor from Citibank, is mainly based. Citigroup will bring financial, insurance, advantage administration, credit cards, individual, financial support and business banking, financial attributes, fx replace, personal financial and you can guarantee, money management and you will mortgages.