December 11, 2016 7:08 AM ET

Thrifts and Mortgage Finance

Company Overview of Caliber Home Loans, Inc.

Company Overview

Caliber Home Loans, Inc. operates as a mortgage lender and agency direct seller/servicer. It provides a range of home loan and refinancing options that include loans insured by the FHA, VA, and USDA; jumbo loans; financing for new builds, second homes, and investment properties; and portfolio loan solutions for borrowers who require a non-traditional approach to home financing. The company was formerly known as Vericrest Financial, Inc. and changed its name to Caliber Home Loans, Inc. Caliber Home Loans, Inc. was incorporated in 1963 and is based in Irving, Texas.

3701 Regent Boulevard

Irving, TX 75243

United States

Founded in 1963

Phone:

800-621-1426

Key Executives for Caliber Home Loans, Inc.

Chief Executive Officer
Age: 54
Chief Financial Officer and Executive Vice President of Capital Markets
Executive Vice President of Retail Lending
Senior Vice President of Consumer Direct Lending
Senior Vice President of Strategic Growth
Compensation as of Fiscal Year 2016.

Caliber Home Loans, Inc. Key Developments

Caliber Home Loans, Inc. Introduces Caliber Ultimate Homebuying Experience

Caliber Home Loans, Inc. announced the launch of the Caliber Ultimate Homebuying Experience, a streamlined application, approval and closing experience for conventional, government and Caliber portfolio loans. Starting immediately, clients and customers can enjoy a more and efficient process for buying a home. Caliber created the Ultimate Homebuying Experience to simplify the mortgage process and to reduce stress for Caliber's clients and customers by combining technological advancements with assistance from Caliber's best-in-class Loan Officers and Account Executives. The benefits of the Caliber Ultimate Homebuying Experience include: a full application process that takes only minutes; an electronic verification for some of the most important parts of a mortgage application, including income, assets and employment, which reduces the need for applicants to bring in physical documents; an approval and closing that can take less than 10 days on eligible mortgages, which traditionally takes more than 30 days; and assistance from Caliber Loan Officers and Account Executives to guide borrowers through the entire process.

Caliber Home Loans Plans to Consolidate its North Texas Regional Operations

With a new CEO in place and plans for massive growth, Caliber Home Loans Inc. plans to consolidate its North Texas regional operations within the "mortgage mecca," of the United States. The company has signed a 10-year lease for a three-story, 182,700-square-foot office building at 1525 S. Belt Line Road in Coppell near Cypress Waters. It will give the mortgage firm enough room to add 300 new employees in the next year.

Caliber Home Loans, Inc. Appoints Matt Schilling as Senior Vice President of Strategic Growth

Caliber Home Loans, Inc. announced it has appointed Matt Schilling as its Senior Vice President of Strategic Growth, effective immediately. Mr. Schilling will be responsible for leading Caliber's Strategic Growth, Small Mergers & Acquisitions and Talent Acquisition initiatives. Mr. Schilling brings more than 20 years of industry and business development experience to Caliber. Most recently, he served as Senior Vice President of National Business Development for Lennar's Eagle Home Mortgage and Universal American Mortgage Company subsidiaries, where he was responsible for business development and talent acquisition functions over a period in which the company experienced tremendous growth. Previously, Mr. Schilling held a range of leadership roles at Associated Mortgage Bankers, MetLife Bank and Bank of America.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
May 25, 2016
First Priority Financial Inc.
 

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