Citi Names Correspondent Sales Chief

Mortgage industry veteran Ed Abufaris has been named national sales director for correspondent lending at CitiMortgage, St. Louis.CitiMortgage said Mr. Abufaris has nearly three decades of experience in the mortgage business, including 13 with CitiMortgage. He will oversee the sales organization, which has been reorganized into three geographical divisions from four, the company said. Mr. Abufaris was most recently division manager for CitiMortgage's Southeast Division. He began his career with Fidelity Federal Savings and Loan in Florida. He later managed secondary marketing for First Atlanta Mortgage, followed by 10 years as capital markets manager with MGIC.