News Column

Caliber Home Loans, Inc. Grows Servicing Portfolio to Over $50 Billion

February 21, 2014

By a News Reporter-Staff News Editor at Real Estate Weekly News -- Caliber Home Loans, Inc., a leading residential mortgage origination and servicing company, announced that it has grown its residential mortgage servicing portfolio to over 244,000 loans, with an unpaid principal balance of over $50 billion, as of December 31, 2013. Growth was achieved both organically through Caliber's $8.4 billion of mortgage loan production volume in 2013, as well as through bulk and flow MSR acquisitions totaling $36 billion over the same time period. Caliber was able to achieve this growth due to its strong balance sheet and continued capital support from its financial sponsor.

"We are extremely proud of reaching this important milestone for our mortgage servicing portfolio, and we look forward to achieving the continued growth goals that we've set out for ourselves. These results are a direct reflection of the strength of our loan servicing staff as well as the focus of our experienced management team," said Marion McDougall, Executive Vice President, Chief Loan Administration Officer for Caliber Home Loans, Inc.

Keywords for this news article include: Mortgage, Real Estate, Caliber Home Loans Inc..

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Source: Real Estate Weekly News

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