Caliber Home Loans, Inc. (Caliber), headquartered in Coppell, Texas, the nation's fourth-largest nonbank residential mortgage originator with approximately $44 billion in 2017 originations and a servicing portfolio in excess of $130 billion, has appointed Chad Smith, former loanDepot President of Direct Lending, as EVP, Head of Recapture and Direct To Consumer.
Caliber is a privately-held financial services company, an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae, and is an approved originator and servicer for FHA, VA, and the USDA. The company carries multiple servicer ratings from Standard & Poor's, Moody's, Fitch and DBRS.
"We are excited to welcome Chad to the team and believe his extensive industry experience and passion for serving customers make him uniquely suited for this new role,” Sanjiv Das, CEO of Caliber, said. We look forward to his contributions to Caliber, which will accelerate the growth of our franchise and our position as a top mortgage originator in the United States."
Smith will lead all Recapture and Direct To Consumer efforts, transforming the way Caliber interacts with its customers while leveraging the Caliber servicing portfolio of more than 650,000 customers. Smith will report directly to Russ Smith, EVP of Production for Caliber.
"We look forward to Chad's insights and perspective as we continue to build a world-class team and provide timely solutions to our expansive customer base, which is among the largest of any non-bank financial institution," Russ Smith said.