Tammy Richards Joins Caliber as Senior Vice President of Operations

Feb 28, 2013, 10:49 ET from Caliber Funding LLC

DALLAS, Feb. 28, 2013 /PRNewswire/ -- Caliber Funding LLC ("Caliber" or "the Company"), a leading national residential mortgage lender, today announced that it has appointed Tammy Richards as its Senior Vice President of Operations, effective February 19, 2013.

Richards has more than 30 years of leadership experience in mortgage banking and extensive expertise in process improvement, quality management, technology and leadership development. In her new role she is responsible for overseeing Caliber's processing, underwriting, closing, credit and appraisal departments across all channels of the organization. Richards reports directly to Caliber President Jim Ferriter.

"Tammy is a seasoned executive and an outstanding addition to our team," said Jim Ferriter, President of Caliber Funding. "Her vast operational experience and knowledge will be invaluable to the Company as we seek to further optimize the delivery of our innovative, cost-effective mortgage solutions across a growing customer footprint. I am confident that Tammy's leadership and insight will help Caliber reach new levels of operational excellence."

Before joining Caliber, Richards served as Senior Vice President of National Underwriting and Fulfillment at Bank of America, where she oversaw fulfillment for retail, banking centers and consumer direct. Richards' past experience also includes leadership within compliance departments, auditing teams and direct audits with government and regulatory agencies. She has authored and implemented several operational policies and procedures, and has achieved the highest levels of underwriting authority for all loan types, including DE underwriting.

About Caliber Funding

Caliber Funding LLC is a national residential mortgage lender that originates loans through various channels and transaction types, including a network of retail branches, wholesale lending, mini-correspondent lending, and a consumer direct centralized operational center. Caliber was founded in 2008 by Lone Star Funds, a global private equity fund, and specializes in a variety of loan programs for purchases and refinances, including conforming, jumbo, and government products. Headquartered in Dallas, TX, Caliber now originates an average of $656 million each month and anticipates continued rapid growth in the coming months and years. Caliber employs over 1000 mortgage lending professionals nationwide, inclusive of over 250 loan originators in 76 retail branches and 62 wholesale account executives serving over 800 active broker partners. To learn more about Caliber Funding, please visit www.caliberfunding.com.

SOURCE Caliber Funding LLC