CitiMortgage, Inc. · O'Fallon, MO United States
Company Description
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This link will open in a new window Let's face it, 2008 was not a good year to have "mortgage" in your name. A subsidiary of Citigroup , CitiMortgage is a top residential mortgage originator and servicer in the US. It does business through a branch network, wholesale and correspondent channels, and the Internet. CitiMortgage got out of the wholesale mortgage business in 2008 and reduced its number of brokers to about 1,000. Citigroup had added to the division's bulk by purchasing ABN AMRO Mortgage in 2007. The deal brought in some $220 billion worth of mortgage servicing rights and some 1.5 million customers. But CitiMortgage continued to drag its parent down. It's among riskier assets that are being split apart from the company's banking units. To read the full description, subscribe now.
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Key CitiMortgage, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 99 |
CitiMortgage, Inc. Executives
2 executives listed for CitiMortgage, Inc.'s O'Fallon, MO location.
| Title | Name & Bio | Contact |
| President and CEO | Sanjiv Das | Network |
| CFO | Paul Ince | Network |
Competition
Competitive Landscape for CitiMortgage, Inc.
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top CitiMortgage, Inc. Competitors
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