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January 30, 2014

Citadel Launches Nonprime Correspondent Effort, Finds a Warehouse Bank

By Paul Muolo

Citadel, which raised $200 million in seed money from investors, now employs 35 full-timers compared to just 10 a year ago.

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
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