The company plans to increase its efforts in the non-QM correspondent lending space
"To quote 'Jaws', we need a bigger boat"
The company said the loans are ideal for borrowers who may not be eligible for conventional or government loan products
More and more borrowers are exploring their non-prime options – and Citadel is growing to meet the demand
Few originators are taking advantage of the non-QM boom, but it’s easier to get into than you think
New Dallas-Fort Worth area facility will replicate functions of Atlanta headquarters
Deal is notable for short duration, revolving structure
The rating agency expects declining refinancing opportunities to drive the increase