Does CitiMortgage, Inc. underwrite bond program loans?
All lenders in our bond programs who have received delegated underwriting authority are required to serve as full-service originators, and the underwriting responsibilities are strictly delegated to them. Our review is generally for tax code and program compliance purposes and we would not underwrite or re-underwrite the loan. Lenders who are not granted delegated underwriting authority may submit files to CitiMortgage, Inc. for underwriting or may use Automated Underwriting Systems and/or MI Company contract underwriting, as applicable.
