Caliber Home Loans, Inc. is a Coppell, Texas-based home mortgage originator and servicer established in 2013 by the merger of Caliber Funding and Vericrest Financial. The firm is owned by affiliates of private equity fund managers Trillian Fund and Lone Star Funds.
Leadership
CEO Sanjiv Das is a senior financial executive with 30 years of extensive experience in consumer banking and capital markets. As an executive with a global perspective, Sanjiv has successfully led numerous companies in both growth and turnaround positions. He is widely regarded as an outspoken champion of consumers and has historically worked closely and effectively with Regulators, garnering their respect and support. Sanjiv was formerly CEO of CitiMortgage and is currently the CEO of Caliber Home Loans. He has leveraged his deep experience in hyper-competitive markets, consumers and regulation to position Caliber as one of the most responsible large Mortgage companies in the United States.
Growth
Caliber’s servicing portfolio has grown from $6.5 billion in March 2012 to $147 billion in December 2018. Caliber’s growth has been fueled in part by its purchase of non-performing loans from the United States Department of Housing and Urban Development and government-sponsored enterprises like Fannie Mae and Freddie Mac. In June 2016, Caliber was named #1 in Top Volume Gain by national trade publication Scotsman Guide. From 2014 to 2015, the company’s volume increased by over 100% when compared to its 2014 volume. In 2017, Caliber produced over $43 billion - its highest overall sales volume ever. This high production earned Caliber the #1 ranking in Scotsman Guide's annual Top Overall Volume list in 2018. Caliber’s Wholesale division is currently the #2 Wholesale Lender in the nation.
Awards
Caliber was ranked 8th in the J.D. Power 2016 U.S. Primary Mortgage Servicer Satisfaction Study™, earning a Four Power Circle Rating™. Caliber's performance as a loan servicer earned them recognition as a 2018 Fannie Mae STARTM STAR Performer for General Servicing. This was the result of an assessment that rated Caliber as Favorable in Investor Reporting and Accounting, Customer Service and Collections. The publisher of publisher of the militaryfriendly.com and GIjobs.com websites, VIQTORY, has awarded Caliber both the Military Friendly® Employer and Military Friendly® Brand designations based on Caliber's company-wide investment in supporting and hiring members of America’s military and their families.
Loan Products
In addition to conventional, FHA, VA and USDA loans, Caliber offers several portfolio loans. These were designed by Caliber Home Loans for prospective borrowers who may not be served by other lenders. All portfolio loans comply with Ability to Repay guidelines as set forth by the Consumer Financial Protection Bureau.
Military Initiatives
In 2016, Caliber launched an expanded initiative to support military veterans, reservists and those still in active service. In addition to offering VA-insured home loans and refinancing, Caliber focused on building partnerships with organizations that support community outreach projects.
