CitiMortgage Launches Electronic Delivery

CitiMortgage, St. Louis, unveiled a new electronic delivery program to its correspondent lenders at the recent Western Secondary Market and Mortgage Bankers Conference in San Francisco.The new delivery platform is designed to provide flexibility to the company’s lending sources. When and how loans are registered and delivered is left to the individual correspondent. Single or multiple loans can be delivered in one session with all final data included in the transaction, or the correspondent can choose to update the loan information over time through multiple sessions and then submit it for final delivery, CitiMortgage said. The new program is the second of three phases of Citi’s technology initiative. Ultimately, the company says it will create a complete, end-to-end online registration, delivery, transaction, and pipeline management platform for the wholesale mortgage market. CitiMortgage's Internet address is http://www.citimortgage.com.