Caliber Funding Begins Work In The Correspondent Lending Space

Caliber Funding LLC has debuted its new correspondent lending channel, which will expand its mortgage production capacity and allow it to provide more competitive product offerings to customers.

Caliber and Vericrest Financial entered into a merger agreement back in January, and Caliber is now drawing from that merger to create a ‘full-service, consumer-focused residential mortgage banking organization offering both loan origination and loan servicing solutions,’ the company says. To support the new correspondent lending channel, Caliber is investing in two fulfillment centers in Florence, S.C., and Irving, Texas.

The correspondent lending team will be led by Patricia Shumate, senior vice president of correspondent lending; Tag Gallaher, vice president of correspondent operations; and Pat Gilmore, vice president of correspondent sales.


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