Established in 2004, Citadel Servicing Corporation (CSC) is a leader in non-qualified mortgages/non-prime wholesale and corresponding lending products. Through its direct wholesale lending platform, the company provides a multitude of non-traditional financial lending products for borrowers with inconsistent past credit histories. CSC, which is licensed by the National Mortgage Licensing System (NMLS) in 38 states, also allows for alternative sources of income documentation. In addition to home loan options, CSC provides solutions to borrowers who are unable to afford their mortgage payments and wish to avoid foreclosure.
CSC specializes in alternative income products, such as bank statements, asset depletion and verification of employment. The company’s products include fixed and adjustable-rate mortgages for residential properties on both an owner-occupied and non-owner-occupied basis. CSC’s lending products are tailored to borrowers with rough credit and limited income; one-, 12- and 24-month bank statement programs; alternative income for self-employed or 1099 workers; bankruptcy; foreclosure; and short sales.
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