IRVING, Texas, July 20, 2012 /PRNewswire/ -- Caliber Funding LLC, a leading national wholesale and retail mortgage lender, today announced it has appointed Jim Ferriter as President, effective immediately.
Mr. Ferriter most recently served as Senior Vice President, Retail Production of Caliber Funding where he led a number of the company's key initiatives to unlock substantial opportunities for the business including building customer relationships and preserving quality loan origination controls.
Jim Ferriter, President of Caliber Funding, said, "Caliber represents an exciting opportunity in the mortgage origination business, and it has been growing significantly over the past year. I look forward to working with the team here of talented professionals to deliver an improved experience to our customers and business partners in wholesale and retail mortgage services."
Caliber Funding recently expanded its operations with the addition of approximately 300 professionals from MetLife Inc.'s Home Loans division 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.
As President, Mr. Ferriter succeeds former Chief Executive Officer Brian Simon who is no longer with the organization.
Jim has served as Senior Vice President of Retail Production of Caliber Funding since July 2011. Prior to that, Jim was a National Sales Director at Surety Lender Services from 2010. Before his work at Surety Lender Services, Jim was an Executive Vice President at GMAC ResCap, where his production ranged between $9-12 billion annually. In addition, Jim previously served as a 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.
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.
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SOURCE Caliber Funding LLC