Caliber Funding Appoints Brian Simon Chief Executive Officer

IRVING, Texas, June 6, 2011 /PRNewswire/ -- Caliber Funding LLC, a leading national wholesale and retail mortgage lender, today announced it has appointed Brian Simon as Chief Executive Officer, effective immediately.  The Company also announced that it has appointed Michael Massella as Senior Vice President, Wholesale Production, effective immediately.

Mr. Simon joins Caliber Funding with nearly 20 years of experience in the financial services industry, including senior leadership roles at Freedom Mortgage, Prime Mortgage Financial and Startbank.  Most recently, Mr. Simon served as Chief Operating Officer of Freedom Mortgage, where he was responsible for loan production and execution and developing corporate strategy and growth.  Prior to joining Freedom Mortgage in 2004, Mr. Simon served as Executive Vice President of Prime Mortgage Financial in charge of all loan production, secondary marketing and strategic growth.

"Caliber Funding has an excellent strategic position within the mortgage lending industry, and I am very excited to join the company," Mr. Simon said. "Caliber has a talented group of employees and is gaining momentum in key areas of its business.  I look forward to working with the entire Caliber Funding team to help the company accelerate its growth strategy."

Mr. Massella joins Caliber Funding after serving as Senior Vice President of First Savings Mortgage, where he was responsible for sales, recruiting and managing more than $750 million in annual production.  Prior to joining First Savings Mortgage in 2007, Mr. Massella was President, Production, of Aegis Mortgage Corporation.  While there, he developed and implemented a turnaround plan, oversaw the growth of the sales force and managed $14 billion in annual wholesale volume.  

"Caliber Funding is a natural fit for my background, and I look forward to leveraging my experience to broaden the company's wholesale network," Mr. Massella said.

About Caliber Funding

Caliber Funding LLC is a growing wholesale and retail originator of prime, conforming, FHA and VA mortgages.  Caliber operates in 44 states across the United States, with operations centers in Texas and Arizona. For more information on Caliber Funding, please visit www.caliberwholesale.com.

Contact:

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

SOURCE Caliber Funding LLC