I recently found out that Citibank no longer charges $650.00 upfront to process a CEMA request. It is collected upon payoff. In order to process the CEMA, they have a fax number to which you can fax a request and they will get back to you in a few days to let you know who their attorney will be. Several days after, the attorney should contact you to let you know the status of the documents. Citi's turnaround time is pretty good as the last 2 requests I made were ready to close within 2 weeks. I guess they really want their money back.
As a point of reference, Countrywide CEMA requests take up to 6 weeks and they still require over $800.00 upfront in certified funds.
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What is CitiMortage's CEMA fax number? I can't find it on their website. Thank you and great site!
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