Caliber Funding Appoints Three New Members to Executive Team

IRVING, Texas, July 18, 2011 /PRNewswire/ -- Caliber Funding LLC, a leading national wholesale and retail mortgage lender, today announced it has appointed three industry veterans to its executive leadership team, effective immediately.  The new members include Carolyn Poppe, Senior Vice President, Operations, Jim Ferriter, Senior Vice President, Retail Production and Jason Lee, Senior Vice President, Capital Markets.

"We are pleased to welcome Carolyn, Jim and Jason, three well-respected and seasoned executives, to the leadership team at Caliber," said Brian Simon, CEO of Caliber Funding LLC. "Caliber is an exciting platform, well-positioned for success in the mortgage origination industry. We are pleased to add these industry veterans to our deep bench of talent at Caliber."

Mr. Simon continued, "Assembling the right leadership team is a critical element of our success as Caliber continues to position itself as a top player in wholesale and retail markets."    

Carolyn Poppe is an experienced operations executive with both retail and wholesale leadership expertise.  She comes to Caliber from TMBG, Inc., where she served as the Chief Operating Officer, and was responsible for the oversight and leadership of 220 licensed originators in the Pacific Northwest, and also helped design and implement its mortgage banking platform. Prior to TMBG, Carolyn was First Vice President of National Mortgage Operations at Indy Mac Bank.

Jim Ferriter brings a track record of success in production.  Prior to joining Caliber Funding, Jim was at Surety Lender Services, where he was National Sales Director since 2010.  Before Surety Lender, Jim was an Executive Vice President at GMAC ResCap, and also Senior Vice President/Head Retail Lending Executive at JP Morgan Chase, where he led a group of over 3,000 loan officers in 250 locations.    

Jason Lee joins Caliber Funding from Freedom Mortgage Corporation, where he served as Senior Vice President, Capital Markets, and had responsibility over all secondary marketing functions including delivery, products, pricing, trading, hedging, rates and registrations and pricing technology team.  Prior to Freedom Mortgage Corporation, Jason was a Hedge Manager at Quicken Loans, where he directed and coordinated all aspects of a multi-billion dollar portfolio.  

Caliber Funding worked with Dallas-based Mortgage Search & Acquisition, an executive search firm dedicated solely to the Mortgage Banking and Financial Services industry, in the placements of Ms. Poppe and Mr. Ferriter.

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.caliberfunding.com.

SOURCE Caliber Funding LLC