Adds Approximately 300 Professionals from MetLife to More than Double Mortgage Lending Team; More Hires Expected Over Coming Weeks

Expands and Strengthens Operations by Entering Four New Regional Markets

DALLAS, Feb. 13, 2012 /PRNewswire/ -- Caliber Funding LLC, a leading national wholesale and retail mortgage lender, today announced a significant expansion of its operations through the addition of approximately 300 mortgage lending professionals and the addition of four new regional markets, which include New England, the greater Washington, D.C. area, the Great Lakes area (Indiana / Michigan / Ohio), and the Philadelphia / New Jersey / Delaware area. Through this expansion, Caliber is enhancing its geographical footprint across the U.S. and positioning itself for substantial growth in new markets.  

With the new hires, Caliber more than doubles the size of its mortgage lending team.  These new hires will join Caliber from MetLife Inc.'s Home Loans division, which announced on January 10, 2012 that it would exit the business of originating forward residential mortgages.  Caliber expects that it will continue to make additional hires over the coming weeks.

"This is a game-changing announcement for Caliber," said Brian Simon, CEO of Caliber Funding LLC. "This expansion significantly enhances our operations, accelerates our growth profile and unlocks substantial business opportunities by positioning Caliber solidly in four additional, highly attractive markets.  The sales leadership that we are bringing to Caliber is among the best in the business.  With this influx of highly skilled and seasoned talent, Caliber will be even better positioned to deliver an improved experience to our customers and business partners in wholesale and retail mortgage services."    

About Caliber Funding

Caliber Funding LLC is a growing wholesale and retail originator of conventional, conforming and government mortgages.  Caliber operates in 46 states across the United States, with its headquarters in Dallas, TX. For more information on Caliber Funding, please visit www.caliberfunding.com.

Contact:
Jed Repko / Bryan Darrow
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449

SOURCE Caliber Funding LLC

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